Delaware Council approves industrial tax break

Delaware City Council approved a 15-year, 75% tax abatement for a new 100,000-square-foot industrial building near the municipal airport, with construction expected to be completed by December 2028. The project, valued at approximately $12.25 million, aims to meet high demand for industrial space in the area, and the agreement was unanimously approved. Two additional tax incentive proposals are scheduled for consideration at the next council meeting, involving relocating an existing business and developing a new industrial building.

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