Development Council agenda includes millions of dollars in business funding requests

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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

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  • 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. 

 

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