Economic Development

Milford's Economic Development Web Portal

Click here to view Parcel, Zoning, Downtown Development District, Opportunity Zone, Historic Preservation and other geographic information in the City's NEW Economic Development Mapping Portal.


O

verview of Milford, Delaware

Milford is a City located in both Kent and Sussex Counties in the State of Delaware.  The Mispillion River divides the City between the two counties and serves as a key destination for residents and visitors.  A former ship building hub, Milford has since transformed into a vibrant area packed with galleries, small businesses, special events, performance spaces and gathering places.  Milford proudly combines traditional small-town values with unconventional imagination and artistic sentiment.  In November 2018, Milford was selected by the Kent County Tourism Corporation as the 2018 Village of the Year.  Milford's proximity to the Delaware beaches and designation as a Downtown Development District (DDD) has enabled the City to experience exponential growth in economic development and housing stock.  Additionally, the City is nestled between Route 1 and Route 113 making it an attractive location for industries, and businesses serving Pennsylvania, New Jersey, New York, Maryland and Virginia.
 
Downtown Development District
The City's DDD area includes 170 acres of land centered on the Historic Central Business District and the Mispillion River and was established to help spur private capital investment in commercial business districts and neighborhoods.  State and local incentives include up to 20% rebates of "hard costs", historic preservation tax credits, waiver of City impact fees, building permit fees, realty transfer taxes and property tax abatements.  Click here for more information on the DDD program.

Milford's Opportunity Zone
The State of Delaware has designated the Northern portion of Milford as a Qualified Opportunity Zone.  This portion of the City includes a majority of residential and commercially zoned property in close proximity to SR 1, Route 113 and the downtown area.  Opportunity Zones allow investors to defer the payment of capital gains taxes until December 31, 2026, reduce the taxes owed by up to 15% after 7 years or eliminate taxes on gains earned from the Opportunity Fund if the investment is held for 10 years.  Click here for more information on the Opportunity Zone.

Milford's Business Parks
The City of Milford has available land for sale in the Greater Milford Business Park and Independence Commons Professional Park located along Airport Road west of Route 113.  Click here for more information on the City Business Parks.

Efficiency Smart

The City of Milford, in partnership with the Delaware Municipal Electric Corporation (DEMEC), offers Effeciency Smart to help its businesses reduce their energy use and save money.  Click on the links to find out more about the Business Energy Rebate (BER) program for small businesses or to learn how to get expert technical assistance and personalized consultative services for larger companies.

Milford is Open For Business
Please contact the Planning Department if you are interested in opening a business in the City of Milford.  Whether it is new construction or moving into an existing commercial location, contacting the Planning Department early in the process can help avoid unnecessary delays in starting your business.  Click here for more information on the steps to get your business up and running in Milford.

Helpful Links

 
USDA Programs & Services for Businesses
First State Community Loan Fund
Kent Economic Partnership 
Sussex County Economic Development