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Office of State Plannning Coordination (OSPC) Logo Office of State Plannning Coordination

Laurel Local Incentives

Graduated reduction in sewer and water impact fees
  • Water and sewer impact fees up to $7,000 per equivalent dwelling unit (EDU) qualify. 1 to 3 EDUs – 40% reduction; 4 to 7 EDUs – 50% reduction; 8 or more EDUs – 60% reduction.
No town property taxes on improvements for five years after CO is issued
  • Property taxes on improvements are waived for 5 years from the date a CO is issued.
Homes located in Laurel, Delaware.
Minimum markdown of 25% off appraised value of LRC properties
  • Applies to projects owned by LRC Board along the Broad Creek waterfront
Project PopUp - three months' free rent
  • Applies to start-up businesses locating on LRC rental properties.
Comprehensive Community Improvement Program
  • Promotion of home ownership within DDD through rehabilitation of homes and acquisition and rehabilitation of vacant properties.
Free lot (town-owned) at Market and Oak Streets
  • Laurel will donate this parcel to the LRC or a developer for use that realizes the DDD vision and goals.
Tourism marketing/social media training for DDD businesses
  • The town will provide training in marketing and social media to any business to promote them along with the downtown.
Purchase and remediation of strategic parcels within DDD (Ramble footprint)
  • LRC will purchase and remediate two parcels already identified parcels in the DDD for remediation.
Installation of trail network, nature- based playground and low-impact stormwater practices within Ramble as an amenity for residential and commercial development
  • The town is seeking funding to install low-impact green stormwater infrastructure, and a trail network in the Ramble area to add to the amenities that a new developer would not have to provide.
First time homebuyers waiver of town portion or realty transfer tax – Town wide
  • The town will waive the town portion of the realty transfer tax for first time homebuyers.

Website: Town of Laurel

Phone: (302) 875-2277