Governor, legislators comment on redevelopment of former GM Boxwood Road manufacturing facility
Governor Markell and state legislators today expressed support for job creation and economic development efforts at the site of the former General Motors manufacturing facility near Wilmington following the announcement that CBRE Group, a global commercial real estate services firm, will begin soliciting bids for the redevelopment of the Boxwood Road facility on behalf of their client, Wanxiang America. The project aims to maximize the value of the site for future economic development opportunities.
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.
Weekly Message: Creating Opportunity and Improving Quality of Life by Investing in Downtowns
Governor Markell highlights the success of Delaware’s Downtown Development District grant program in driving significant private investment in the state’s urban centers.
Downtown Development District Program Will Expand
Building on efforts to revitalize downtown areas statewide, Governor Jack Markell announced on Wednesday that the state will accept new applications from local governments interested in being designated as Downtown Development Districts. Residential, commercial and industrial development in designated districts may qualify for a menu of local and state incentives, including grant rebates to offset the cost of private investment. Governor Markell made the announcement Wednesday morning in Wilmington at the 2016 Downtown Delaware “Revitalize!” Conference.
Governor’s Weekly Message: Delaware City Refinery: Six Years Later
In his weekly message, Governor Markell recognizes the significant economic progress we’ve made in the six years since the Delaware City Refinery closed its doors.
