The Delaware Council on Development Finance will meet in Dover on Dec. 13 to go over millions of dollars of Strategic Grant requests that include funds for the expansion of a processor of cheesesteak meat.
Strategic Fund grants are awarded by the state to companies that meet benchmarks in adding or retaining jobs
The following requests are listed on the agenda
- Analytical Biological Services is seeking a Delaware Strategic Fund grant for $1,262,260 to expand operations in Wilmington. The company is a provider of custom biological products and services,
- Great Outdoor Cottages, LLC is requesting a Strategic Fund grant for $927,600 to establish operations in Georgetown. Great Outdoor makes cottages for the growing RV park and campground business, the Delaware Business Times reported.
- New B&M Meats Inc., a processor whose product line includes cheesesteak meat, is requesting a Delaware Strategic Fund grant for $1,110,725 to expand operations in Wilmington.
- Investor Cash Holding, Inc. is requesting a Delaware Strategic Fund grant for $4,258,410 to establish operations in Wilmington. (No information was immediately available).
- The council will also consider $22 million in revenue bonds for Aspira Academy, a charter school in the Newark area that is planning a high school at 750 Otts Chapel Road. Such requests are routinely approved since the risk of the bonds is borne by buyers, not the state. The school site is a former W.L. Gore plant.
Information on attending the meeting, which will be held in a hybrid in-person-virtual format, is available here.
