Downtown
Dover
Incentives
DOWNLOAD INCENTIVE BROCHURE (PDF)
The Downtown Dover Partnership is a
nonprofit organization dedicated to
revitalizing our Historic Downtown Business
Dis-trict. The DDP works hand in hand with
the National Trust for His-toric
Preservation’s Na-tional Main Street Center
and the Downtown Dela-ware Main Street
Initia-tive to create a variety of programs
that serve to improve our district.
Our programs include:
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A variety of financial incentives
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Small Business Development Workshops
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Small Business Loans in conjunction with
the US SBA
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Facade Grants to down- town property
owners for exterior improvements to
their buildings
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Special events and activities to nurture
the community at large
WHAT PROJECTS ARE ELIGIBLE?
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New construction or renovation projects
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Located within the target area
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Fair market value of the materials to be
used and the labor to be performed on
the project exceeds the sum of $15,000
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Is for commercial, office or a
residential use
WHAT IS THE TARGET AREA?
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The geographic boundaries of the
downtown redevelopment area are defined
in the Dover Code and include the
Business Improvement District.
-
The Dover Code can be accessed at
http://www.cityofdover.com Select
Quick Links—Municipal Code
A
map of the target area is provided on rear
panel of this brochure.
WHAT ARE THE INCENTIVES?
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Waiver of Permit Fees
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Building, plumbing, mechanical &
fire protection
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Impact Fee Waiver
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Requires multiple story new
construction or renovation on one
lot
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Combination of retail, office,
residential or commercial services
(at least two)
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Waiver of City sewer and water
impact fees
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Property Tax Waiver
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10-year waiver of property tax on
improvements
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10-year period begins with building
permit issuance
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Contribution to Downtown Dover
Partnership
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10 % of the value of incentives must
be contributed to the DDP
A
detailed description of these incentives and
the redevelopment target area can be found
in the Dover Code, Appendix C
DDP INCENTIVES
These awards subject to review and approval
by the DDP Design Committee and the
availability of funds.
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Start-up Loan
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Downtown Merchant Loan
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Rehabilitation Loan Program
These loans are subject to the review and
approval of the DDP Economic Development
Committee and the availability of funds. |