Business interest group vows to form PAC
As states like Nevada and Wyoming attempt to lure companies away from Delaware, a pro-business advocacy group has vowed to back candidates in upcoming elections that will support Delaware’s reputation as a haven for incorporation.
Citizens for a Pro-Business Delaware is made up of concerned citizens, business executives, and employees of the global translation services company Transperfect. The group formed in the wake of the Court of Chancery decision to auction off the company following an ongoing dispute between co-owners.
So far the group has focused on the ongoing legal proceedings surrounding the Transperfect case.
“We have traversed the state and promised Delawareans that we would broadcast their concerns over anti-business tendencies of certain members of this legislature,” said Chris Coffey, campaign manager of Citizens for a Pro-Business Delaware. “Lawmakers aren’t listening and since many lawmakers’ only competition is the primary elections, where only a few hundred votes can make all the difference, we will make sure that pro-business candidates are viable in those early races.”
“The message that the courts can take away a privately-held company in Delaware is being sent across the nation,” Coffey added. “Delaware voters want lawmakers to support policies that provide comfort to businesses that Delaware is still the best state to incorporate. The PAC will help advocate for Delaware voters and make sure that elected officials are responsive to their concerns.