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Post by Logan on Mar 7, 2016 20:19:21 GMT -6
A plan to give DuPont Co. $9.6 million in taxpayer money over the next five years got quick and unanimous approval from the Delaware Council on Development Finance on Monday. The move shows state leaders haven't slowed their efforts to solidify what they've won from DuPont's impending merger with Dow Chemical even as media reports suggest chemical behemoth BASF is considering a counter-offer. The funding is part of a sweeping incentive package assembled by state and county leaders, led by Gov. Jack Markell's administration. The package was designed to convince company leaders to locate two of the three spin-off companies that will emerge from the merger, including the coveted agriculture unit. Included is $6 million in matching funds to reimburse the companies for up to 3 percent of capital expenditures, up to $200,000. That aims to encourage investment in facilities in the state. www.delawareonline.com/story/money/business/2016/03/07/dupont-grants-approved/81430066/
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