One of Delaware’s most compelling community development projects, Second Chances Farm, has been nominated to the Forbes list of the most promising Opportunity Zone projects in the country.
The Forbes OZ 20, powered by the Sorenson Impact Center, will ranks 16 promising projects taking place inside state-designated Opportunity Zones. Another four grand winners will receive a cinematic-quality short film about their project for promotional use. Forbes will feature the list this fall.
Second Chances Farm is a vertical farm project in northeast Wilmington that would hire state or federal inmates as employees and sell the produce to local buyers.
Opportunity Zones offer tax incentives for investors in under-served areas designated by the state under federal guidelines. Second Chances is among the fist major projects to take advantage of the program in Delaware.
Wilmington City Council on July 11 unanimously passed an amendment to the City Code that will allow the project to move forward.