A&E Feasibility Assistance
50 percent match (up to $15,000) for architectural and engineering feasibility work for for-profit small business developers to explore capital investments.
The architectural and engineering feasibility grant helps enumerate construction costs for renovation or fit-out of property in Wilmington. The grant can help investors and businesses save money for true development costs and provide an understanding of construction costs that spurs parties to come together and complete a deal.
Category: Local
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The Strategic Fund is used to make contractually-based job creation and job retention incentive offers to private businesses. The Fund’s incentive expenditures are recouped by the City’s General Fund in two or three years by the wage taxes generated form the new or retained jobs...
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Investors who make Qualified Real Property Investments (QRPI) to commercial, industrial, residential, and mixed-use buildings or facilities in designated areas may apply to Delaware State Housing Authority for a DDD Rebate of up to 20% of QRPI. The Downtown Development Districts Act was created to leverage...
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Background
The City of Wilmington’s Head Tax Exemption Program is codified in Section 5-102A of the City’s Code. The City’s Code calls for every person or business required to obtain a business license to also pay the sum of fifteen dollars ($15.00) per month...
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Wilmington’s Opportunity Zone creates a unique opportunity for those looking to invest in a growing metropolitan area while simultaneously receiving tax incentives. Investors can defer tax on any prior gains so long as the gain is reinvested in a Qualified Opportunity Fund. If the investor...
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Pursuant to City code Sec. 44-71, the Property Tax Abatement Program encourages investment in construction, redevelopment, renovation in multi-family, mixed-use, and commercial properties. This incentive encourages the construction of new facilities and the rehabilitation of existing facilities which generates new permitting income and new wage taxes, as well as,...
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Our office is available to assist in business, government, or development challenges a business or developer may encounter.
1/3rd traditional business development (retain and recruit)
Real estate development (purchase land and buildings, help other departments with construction projects)
Internal consulting work with other...
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