Delaware council considers economic development grants
The Delaware Council on Development Finance is meeting today to consider tens of millions of dollars in proposed grants for various projects that could create more jobs.
The Council, which operates under the Delaware Economic Development Office, is expected to act on a proposal to offer $16.5-million in grants to Bloom Energy, a California-based company that recently announced plans to build a fuel-cell facility at the University of Delaware’s new campus at the former Chrysler assembly plant in Newark. Delaware City Refining Company LLC seeks $2-million in each of the next six years as it prepares to get the Delaware City refinery up and running, following its shutdown over a year ago. Sallie Mae also seeks over $5-million to facilitate its plan to move its headquarters to Newark, where its facilities would undergo substantial renovation. CLICK HERE for the full agenda.
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