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Division of Small Business
Delaware Opportunity Zones
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What is an Opportunity Zone?



Opportunity Zones are an economic development tool designed as revitalization programs in economically-distressed communities in Delaware and in other communities by providing tax benefits to investors.

Governor John Carney selected 25 census tracts as Opportunity Zones in April 2018 in which communities and economically-distressed properties across Delaware could see additional private sector investment. These Opportunity Zones are designated by the U.S. Department of the Treasury.

The 25 Opportunity Zones in Delaware are found in specific census districts in the following towns and cities, from the top of the State of Delaware (located less than 15 miles from the Philadelphia International Airport-PHL) to the bottom (located 20 miles from Salisbury Regional Airport – SBY). The cities and towns are listed in alphabetical order below.

 

Stats


 

Statewide

97,254 – Total Population Living in Delaware’s 25 Opportunity Zones

47% – Percent of residents from minority backgrounds in the 25 Opportunity Zones

20 – Number of Brownfield Redevelopment sites in the 25 Opportunity Zones

11 – Number of Opportunity Zones that include Downtown Development Districts (DDD) incentive

 

 

Total Population in Opportunity Zones by County - New Castle: 47393, Kent: 27,069, Sussex: 22,792

Delaware's Opportunities are located in: 75% – Metropolitan Areas 25% – Rural Areas

 

Find even more stats, including Census Tract numbers, number of brownfields within tracts, boundaries of Downtown Development Districts and demographic information (such as population, minority population, per capita income, median household income, number of occupied housing units, and median monthly housing cost per tract) on the Opportunity Dashboard.

 

 

 

*Less than 15 miles from Philadelphia International Airport
Mixed Use-Master Plan

  • 425 acre waterfront property that was a former steel mill. Demolition is complete; shovel ready for mixed use redevelopment.
Industrial with Rail

  • 71 acre parcel located within this census tract was a former chemical manufacturing site and includes a freight rail road and a 750 foot pier/docking facility with four mooring dolphins.
Tri-State Mall

  • Plans to redevelop the property – mixed use
  • Most buildings vacant for several years
Shovel-ready Projects

  • Main Street Projects: Rehabilitation
  • Affordable/Workforce Housing
  • Downtown Development District (DDD) with potential for additional financial incentives and tax credits
Commercial Projects

  • Light Industustrial
  • Main Street/Retail, Office, mixed use
  • Downtown Development District (DDD) with potential for additional financial incentives and tax credits
  • Main Street Projects: Rehabilitation
  • Affordable/Workforce Housing
  • Light Industrial
  • Retail, Office, Mixed Use
  • Small Businesses
  • Entrepreneurs
  • Several parcels/projects located within Downtown Development District (DDD) with potential for additional financial incentives and tax credits

20 miles from Salisbury Regional Airport – Salisbury, MD
Reimagine Laurel – a rural community undergoing revitalization

  • Main Street Projects: Rehabilitation
  • Affordable/Workforce Housing
  • Light Industrial
  • Retail, Office, Mixed Use
  • Small Businesses
  • Entrepreneurs
  • Several parcels/projects located within Downtown Development District (DDD) with potential for additional financial incentives and tax credits
Shovel-ready Projects

  • Main Street Projects: Rehabilitation
  • Affordable/Workforce Housing
  • Light Industrial
  • Retail, Office, Mixed Use
  • Small Businesses
  • Entrepreneurs
  • Several parcels/projects located within Downtown Development District (DDD) with potential for additional financial incentives and tax credits
STAR Campus

  • University of Delaware’s Science, Technology & Advanced Research (STAR) Campus
  • Energy
  • Healthcare
  • Biopharmaceuticals
  • Rail Service
Seaford Nylon Capital shopping center

  • 1030 W. Stein Highway
  • Rural community that was formerly a bustling economy centered around a major nylon manufacturer
  • Recent investments as a catalyst for future growth
Seaford West, Industrial Park

  • Shovel ready 175 acre industrial park with utilities at site
  • 2-6.5 acre parcels available
Partial Downtown Development District

  • Downtown Development District (DDD) with potential for additional financial incentives and tax credit
  • Main Street Projects: Rehabilitation
  • Affordable/Workforce Housing
  • Light Industrial
  • Retail, Office, Mixed Use
  • Small Businesses
  • Entrepreneurs
Shovel-ready Projects

  • Main Street Projects: Rehabilitation
  • Affordable/Workforce Housing
  • Light Industrial
  • Retail, Office, Mixed Use
  • Small Businesses
  • Entrepreneurs
  • Downtown Development District (DDD) with potential for additional financial incentives and tax credits.
Port of Wilmington, Delaware

Northeast Wilmington

  • Mixed use/urban area
  • Affordable/Workforce Housing Projects
  • Main Street Rehabilitation
  • Small Businesses
  • Entrepreneurs
Wilmington Downtown Development District (DDD)

Wilmington Riverfront

  • Mixed use including office, hotel, residential, restaurants, movie theater
  • Hospitality
  • Affordable/Workforce Housing
  • Small Businesses
  • Entrepreneurs
  • Light Industrial
  • Retail
Wilmington South of Waterfront Area

  • Mixed Newport Industrial Park and Russell W. Peterson Urban Wildlife Refuge
  • Light Industrial/Newport Industrial Park
  • Affordable/Workforce Housing
  • Retail

 

 

View Map of Delaware Opportunity Zones:


 

 

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