Businesses or local governments preparing vacant industrial or business-park sites over 10 acres in Delaware for future job-creating tenants can get 50% reimbursement grants of up to $2.5 million total for site readiness infrastructure work.
Grants, loans or other assistance for businesses or local governments that build or improve infrastructure on commercial and industrial sites of more than 10 acres to attract job-creating businesses. Level I grants are up to $100,000 and Level II grants range up to $2.4 million depending on site size, for a total potential grant of $800,000 to $2.5 million, paid as a 50% reimbursement of eligible costs. Applications are accepted on a rolling basis until all funding has been awarded.
Site must be over 10 acres and in the State of Delaware
Site must not be committed to a specified operating entity prior to completion
Site must be zoned business park, industrial or heavy industrial (not mixed use with residential, office or retail)
Property must be vacant, free of impediments to development, and have existing public road access
Applicant must provide a support letter from the county or municipality with planning jurisdiction
Applicant must provide proof of property ownership or the property owner's signature
Applicant must be in good standing, demonstrate financial stability, and show the improvement will create a significant number of direct, quality, full-time jobs
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