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Rise Up Now Delaware (RUN-DE)                    Downtown Development Districts

             Rise Up Now Delaware (RUN-DE) is a revolving loan   Downtowns are trending, and they are a critical
            fund made available to a limited number of Delaware-based  component to commmunity economic health well-being.
            small businesses through CARES ACT funding. Delaware  Sussex County Council has invested in and partnered with
            Division of Small Business submitted a competitive grant  the Delaware Downtown Development District (DDD)
            application to U.S. Department of Commerce, Economic  program. State-approved projects in DDD communities can
            Development Administration to make this program available  earn an additional rebate (50 percent match of state funding
            to Delaware’s small businesses as an additional resource for   for eligible construction costs up to $10,000) through
            access to capital for small businesses with 2 to 99 full-time   the County’s program. Georgetown, Laurel, Milford and
            employees and a demonstrated Revenue of at least $12,500   Seaford have been  designated DDD  communities.  Each
            prior to March 13, 2020.                          municipality also offers its own incentive package which can
                                                              range from tax abatement to waiving permitting fees.
            business.delaware.gov
                                                              destatehousing.com
                    Workforce Training Grants
             The Delaware Division of Small Business has available   Delaware Site Readiness Fund
                                                               The Delaware Site Readiness Fund promotes economic
            matching grants up to $100,000 for customized training per
                                                              growth and stability by investing in the development or
            qualified applicant. The matching portion of the grant can be
                                                              improvement of commercial and industrial sites to attract
            an in-kind contribution while training is customized to the
                                                              job-creating businesses.  The  Fund provides grants, loans
            company’s specific needs.
                                                              or other economic assistance to qualified businesses or
            business.delaware.gov/incentives
                                                              local governments that invest in constructing, renovating
                Delaware Small Business Credit                or improving infrastructure for sites that will attract
                Initiative (SSBIC Loan Program)               new  businesses  or expand existing businesses  within
                                                              the State. Qualified applicants must demonstrate a
             Any small business in Delaware with less than 750
                                                              public utility advantage to the citizens of Delaware.
            employees is eligible to apply for capital and lower interest
                                                              business.delaware.gov/site-readiness-fund
            rates. Loan proceeds can be used for payroll, inventory,
                                                                    Transportation Infrastructure
            machinery and equipment to supplement general working
            capital needs.  The Delaware Division of Small Business     Investment Fund (TIIF)
            is authorized to fund up to 20 percent ($1 million) of a
                                                               The  Transportation Infrastructure Investment Fund is
            maximum $5 million loan.
                                                              a grant for businesses to help offset their transportation
            business.delaware.gov/incentives
                                                              improvement costs.  TIIF is administered by Delaware
              Tax Credits for Creation of Jobs and            Department of  Transportation in cooperation with the
               Qualified Investment in Business               Division of Small Business. It was established to provide
                              Facilities                      economic assistance for renovation, construction or other
                                                              improvements to roads and transportation infrastructure.
             Tax credits against corporate or personal income, gross  Eligibility: new or expanding businesses in Delaware that
            receipts and public utility taxes are available for job creation  propose to create a significant number of direct, permanent,
            and investment in business facilities in Delaware. Any  quality full-time jobs. The proposed infrastructure project
            corporate taxpayer that makes a qualified investment of  must be located within the public right-of-way, on public
            $200,000 or more and hires five or more qualified employees  land, or on land that will be dedicated to public use as part of
            earning at least $40,000 per employee is eligible. Businesses  the project and must serve a public purpose.
            must be engaged in a qualified activity and may be eligible to  de.gov/TIIF
            earn credits up to $500 for each $100,000 invested. Credits    Opportunity Zones
            can be taken over a 10-year span but may not exceed 50
            percent  of  the  company’s  pre-credit  tax  liability.  Unused   Opportunity Zones are federal tax incentives for projects
            credits may be carried forward.                   in economically distressed areas, five of which are in Sussex
            revenue.delaware.gov/business-tax-forms           County  (Georgetown,  Laurel  and  three  areas  in  Seaford).
                                                              This is part of a federal program designed to revitalize these
                             Tax Credits                      economically distressed communities. Qualified investors
             Additional information on business tax credits is available  become eligible for federal tax incentives. Visit the interactive
            from the Delaware Department of Finance.          website to learn more about the designated areas.
            finance.delaware.gov                              business.delaware.gov/opportunity-zones




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