A state panel has approved almost $8 million in taxpayer money for the Chemours Co., the financially struggling chemicals business spun off from the DuPont Co.
The Council on Development Finance voted unanimously Monday to give Chemours a Strategic Fund grant of up to $7.2 million to retain 900 full-time jobs in Delaware through 2020.
The panel also approved a capital expenditure grant of up to $695,000 to Chemours for a headquarters project in Wilmington.
Chemours is currently based in DuPont’s former headquarters in Wilmington. Even with the grants approved Monday, the company is still eyeing possible headquarters locations in other states and has not committed to staying in Wilmington.
Earlier this year, state lawmakers passed corporate income tax reforms aimed at persuading Chemours to remain in Delaware.