Wednesday, 10 August 2016

Downtown Development Districts (DDD) Program Expands

Governor Jack Markell on Wednesday announced a statewide expansion of Delaware's Downtown Development Districts program, significantly building on the state's efforts to redevelop Delaware's commercial business districts and drive private investment in towns and cities. Five new Downtown Development Districts were officially designated in Smyrna, Harrington, Milford, Georgetown and Laurel. Investors who make qualified improvements to residential, commercial, or industrial properties in those districts now may qualify for state and local development incentives, including 20 percent state grant rebates.
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