Now Accepting Applications for the Site Readiness Fund - Apply Today! More Info

Delaware.gov logo
Division of Small Business

Downtown Development District program to fund projects in Wilmington, Dover and Milford


Real estate development projects in Wilmington, Dover and Milford will share in a new round of funding announced Wednesday by Gov. John Carney and the Delaware State Housing Authority.

The state’s Downtown Development District program will distribute a total of $4.6 million in rebates to eight projects in the three cities.

The DDD program provides a rebate to developers of projects that stimulate job growth and commercial vitality in eight designated downtown districts in Delaware: Dover, Georgetown, Harrington, Laurel, Milford, Seaford, Smyrna and Wilmington.

This latest round of funding brings the total amount of rebates awarded to $29.3 million since the first rebates were awarded in April 2015.

The projects slated to receive funding in the latest round are:

Wilmington

  • 517 Shipley LLC’s  plans to build a 208-unit apartment building in downtown Wilmington.
  • The renovation of the building at 519 N. Market Street, which formerly housed Kuumba Academy Charter School, into a 33-room hotel and restaurant.
  • The redevelopment of 803-807 Shipley Street into retail, offices and a restaurant.
  • Buccini/Pollin Group’s plans to convert 85 hotel rooms in the Nemours Building into apartments and add an additional 75 apartments.
  • New Compton Towne Associates LP’s improvements to its 76 affordable housing units on Wilmington’s East Side.
  • Ministry of Caring’s plans to renovate 403 N. Washington Street to create additional housing for ministry staff.

Dover

  • National Council on Agricultural Life & Labor Research Fund’s plans to build a three-story office building at the corner of West Division and North New streets in Dover.  The building will house a small business incubator for Delaware State University and staff from NCALL’s Restoring Central Dover program.

Milford

  • Downtown Properties of Milford’s plans to renovate 10 NW Front Street in Milford into office, retail and apartments.

Click here to read the press release.

The Delaware Division of Small Business wants to help you start and grow your business in Delaware.

Contact us to see how we can help you.

 

 

 

 

 


Related Topics:  , , ,


Stay connected with the latest news on the Division, Delaware businesses, upcoming events and much more.

Enter your email address to receive updates from the Division of Small Business


business@delaware.gov

CONNECT:   Division of Small Business Facebook Page  |  Division of Small Business Twitter Feed  |  Division of Small Business Instagram Feed  |  Division of Small Business YouTube Feed  |  Division of Small Business LinkedIn Feed

+