Why do most promotional mailers come from a Wilmington,DE address?
Here’s the info from Wikipedia, but basically it all has to do with how friendly the state is for corporations, so many of their operations and headquarters are located there: Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. Much of Wilmington’s economy is based on its status as the most populous and readily accessible city in Delaware, a state that made itself attractive to businesses with pro-business finance laws and a longstanding reputation for a fair and effective judicial system. Wilmington has become a national financial center for the credit card industry, largely due to regulations enacted by former governor Pierre S. du Pont, IV in 1981. The Financial Center Development Act of 1981, among other things, eliminated the usury laws enacted by most states, thereby removing the cap on interest rates that banks may legally charge customers. Many major credit card is
Here’s the info from Wikipedia, but basically it all has to do with how friendly the state is for corporations, so many of their operations and headquarters are located there: Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. Much of Wilmington’s economy is based on its status as the most populous and readily accessible city in Delaware, a state that made itself attractive to businesses with pro-business finance laws and a longstanding reputation for a fair and effective judicial system. Wilmington has become a national financial center for the credit card industry, largely due to regulations enacted by former governor Pierre S. du Pont, IV in 1981. The Financial Center Development Act of 1981, among other things, eliminated the usury laws enacted by most states, thereby removing the cap on interest rates that banks may legally charge customers. Many major credit card is
