Why Should Delaware Care?One of Delaware’s largest companies sold its offices less than two years after moving to Wilmington, abandoning a project that was expected to reenergize the city’s downtown and was heavily backed by taxpayer dollars. Now, returned incentives are being redirected to other initiatives aimed at supporting housing and economic development.
Seven months after Incyte scaled back plans to build its headquarters in Wilmington, the city is putting $1.15 million in returned incentive money from the pharmaceutical giant toward creating housing and businesses.
On Thursday, Mayor John Carney’s office announced the city used the funds, rescinded from the company, to purchase four pieces of land along West 7th Street in Wilmington’s Quaker Hill neighborhood…