Newark, DE (2020)

Fintech Building

An NMTC investment from Cinnaire supported the development of a new, 100,000-square-foot building dedicated to financial technologies at the University of Delaware’s Science.


  • NMTC Amount: $9,000,000
  • Total Project Cost: $39,504,118


  • 134 FTE jobs
  • 576 construction jobs
  • Included a CBA
  • 100,000 sq. ft. of real estate


Project Description

A New Markets Tax Credit investment from Cinnaire supports the development of a new, 100,000 sq. ft. building dedicated to financial technologies at the University of Delaware’s Science, Technology and Advanced Research Campus (STAR) in Newark.

The FinTech building serves as a hub for financial and academic services with a mix of private and university tenants. The project hosts a new Financial Services Incubator, the Delaware Small Business Development Center, labs and centers associated with the University of Delaware’s Alfred Lerner College of Business and Economics and the College of Engineering. The incubator provides space, resources and tech assistance to early stage financial and business software entrepreneurs and start-up companies.


Address: 540 South College Avenue, Newark, DE 19713

Census Tract: 10003014402

Voices from the Community

Delaware Technology Park is excited to launch the FinTech building on STAR Campus in conjunction with the University of Delaware and funded by Discover Bank and Cinnaire. It will contain faculty, students, and entrepreneurs with outstanding data science knowledge and digital management competencies as well as support resources for business development and community education.

-Mike Bowman, President and CEO, Delaware Technology Partnership

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