Finance Council to review millions in business and city grant applications

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On Monday, the Delaware Council on Development Finance will consider applications for funding from the city of Milford, a North Wilmington chemical company and a Newark biotechnology company.

The board will meet on Monday to consider the following items:

  • – Ballydel Technologies, Inc., Wilmington is requesting $50,000 from the Delaware Strategic Fund Delaware Technical Innovation Program (DTIP) for a small business technology transfer research grant.
    – The Town of Milford is applying for a $1 million Tier II Site Preparation Fund grant for a project. The city is developing an industrial park site.
    – Solenis LLC, North Wilmington, is requesting a $552,000 performance grant and a $3,500,000 graduate lab space grant to be used to expand their footprint in the Wilmington area. Solenis has experienced rapid growth through acquisitions.
    – UVAX Bio, LLC is seeking a Delaware Strategic Fund grant of $1,301,955 to expand its operations in Newark.

Grants require applicants to meet hiring and investment goals.

Grants are used to add or retain jobs in the state. Other states have similar programs.

The board will hold a public hearing Monday at 9 a.m. at the Buena Vista Conference Center, 661 South DuPont Highway, south of New Castle.

Further information regarding the matter and the application to be considered at the hearing may be obtained from the Board, c/o the Authority, and written comments may be submitted to the Board, Attn: Jessica Welch, Division of Small Business, at [email protected]

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