Businesses or local governments in Delaware that invest in constructing, renovating, or improving commercial and industrial sites may be eligible for economic assistance from the Delaware Division of Small Business. The Site Readiness Fund, created by legislation and signed by Governor Carney last July, seeks to sustain readily available commercial and industrial sites to attract new and established job-creating businesses into the State. Qualified applicants may be awarded grants, loans, or other economic assistance from the Fund.
In order to be eligible for funding, applicants must:
- Be sponsored by at least one public entity (such as a county or municipality)
- Establish that the proposed improvement will create a significant number of direct, quality, full-time jobs
- Demonstrate financial stability
- Serve a public purpose
Interested parties must submit completed applications by February 18, 2022. The legislative team at Morris James is available to advise on the application process. Contact attorney Tyler Maron (tmaron@morrisjames.com; 302.888.6864) or Kim Hoffman (khoffman@morrisjames.com; 302.888.5209) for more information.
