A conference Wednesday at the University of Delaware explored in depth Delaware’s 25 Opportunity Zones, including where they are located, how they work and how they can benefit both investors and communities. These zones are located in each of Delaware’s three counties. They are low-income census tracts where, in order to encourage development, investor receive […]
What: Biden Institute at the University of Delaware School of Public Policy & Administration hosts a conference on Opportunity Zones in Delaware. When: 8:30 a.m. to 3:30 p.m., Dec. 5 Where: University of Delaware STAR campus, The Tower at Star – Audion, 100 Discovery Boulevard, Newark Why go: Learn from business leaders, investors, developers, government […]
Why invest in an opportunity zone? How does an opportunity zone work?
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 […]
Incentive Programs 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.* EDGE Grants provide matching grants to young Delaware small businesses through on-going rounds of a competitive selection process. STEM-based companies can receive up […]