State Incentives

Brownfield Assistance Program

Brownfield Assistance Program offers matching grants to property owners and developers to encourage redevelopment of environmentally stressed sites.*

*Applications for this program must go before the Council on Development Finance.

Contacts

State of Delaware

https://business.delaware.gov/incentives/

Category: State

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Angel Investor Tax Credit provides a refundable tax credit for qualified investors in innovative, Delaware-based small businesses – connecting talented, high-tech entrepreneurs with new sources of capital. Learn More
Delaware Capital Access Program helps lenders to provide financing to businesses deemed too risky for the traditional banking model due to minor collateral or credit issue Learn More
Delaware Strategic Fund is the Division’s primary funding source to support business retention and expansion through grants and low-interest loans to projects that grow the state’s economy in a significant way.* *Applications for this program must go before the Council on Development Finance. Learn More
Delaware Technical Innovation Program offers transition grants for companies that have completed Phase I and applied for Phase II of the federal Small Business Innovation Research or Small Business Technology Transfer programs as they work to bring new products to market. Learn More
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... Learn More
The Division of Small Business awards EDGE Grants through a competitive selection process. STEM-based companies can receive up to $100,000 for eligible expenses. Entrepreneur Class (non-STEM) businesses can get up to $50,000. The funds are provided as a $3 (state) to $1 (business) match. And... Learn More
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... Learn More
State Small Business Credit Initiative Participation Loan help lenders to provide financing to businesses deemed too risky for the traditional banking model due to minor collateral or credit issues. Learn More
Tax-Exempt Bond Financing allows the Division to act as the conduit issuer on bond for tax-exempt, non-profit organizations.   Learn More
Workforce Training Grant is a matching program that funds specialized training for companies of up to $100,000 per project. Learn More