DEDO's CDF eyes collections
By Randall Chase, The Associated Pr

State economic development officials are getting ready to crack down on companies not living up to their agreements in accepting taxpayer money.

The Delaware Council on Development Finance met behind closed doors Monday to hold what it called a "strategy session" regarding collection issues.

Officials declined to disclose details of the meeting afterward but indicated that the Delaware Economic Development Authority is preparing to take legal action in some cases.

The Council on Development Finance each year considers requests for loans and grants to private companies totaling millions of dollars.

The panel on Monday approved a $255,000 grant to poultry producer Mountaire Farms to expand hatchery operations in Millsboro. It also approved grants worth more than $1 million to GE Aviation for an expansion of its Newark facility.

Copyright © Sep 22, 2014, WDEL/Delmarva Broadcasting Company. All Rights Reserved.
This material may not be published, broadcast, rewritten, or redistributed.

WDEL News Tools:
Printer friendly version
Back to homepage

 Latest News

 Follow Us

Facebook Twitter
RSS Mobile
Email Updates

Copyright © 2014, Delmarva Broadcasting Company. All Rights Reserved.   Terms of Use.
WDEL Statement of Equal Employment Opportunity and Outreach