Description
• Program offers grants to established Delaware businesses facing competitive pressures that threaten local operations
• Grant amount: Up to 20% of modernization project costs, maximum $1M per project
• Key eligibility requirements:
- Must have 10+ years operational history in Delaware
- Must employ minimum 20 full-time employees
- Proposed project budget must be at least $1M
- Must maintain 90% of existing workforce through grant period
- Must demonstrate financial stability
• Eligible expenses include:
- Equipment and machinery
- Engineering services
- Construction related to equipment installation
- Utility infrastructure for equipment
• Project completion timeframe: Up to 2 years to complete and draw funds
• Purpose: Support long-term viability of Delaware facilities, maintain employment levels, and preserve local tax base
• Applicants must prove need for equipment upgrades to remain competitive in their market
Attached files
The solicitation documents live at the source — open the bid source above to download them.