City of Newark Facade Improvement Program:
The City of Newark, using Federal Community Development Block Grant monies, provides a 0% interest loan program for fa?ade improvements. Newark property owners and businesses may qualify for loans up to $2,000 for each project. Eligible activities include painting, siding, signs, landscaping, doors, window treatments, awnings, canopies and lighting. Contact the Planning and Development Department at 302-366-7030 or visit their website for more information.
Wilmington Tax Exemption for New or Renovated Commercial or Manufacturing Projects:
New or renovated commercial or manufacturing projects located within the corporate limits of the City of Wilmington are eligible to receive a partial tax exemption on the increase in the New Castle County portion of property tax attributable to the new construction. The cost of new construction and/or the cost of site acquisition and construction must exceed fifty thousand dollars ($50,000.00). The tax exemption is applicable to all new or renovated commercial or manufacturing projects first assessed on the property tax records after August 22, 1978. Residential structures are exempt.