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Delaware Business Now
Governor John Carney on Tuesday signed Senate Bill 127, a measure that creates a site readiness fund.
Senate Bill 127 offers assistance in the development or improvement of commercial and industrial sites to attract businesses.
The fund will provide grants, loans, or other economic assistance to qualified businesses or local governments that invest in constructing, renovating, or improving infrastructure for sites that will attract new businesses or expand existing businesses.
Delaware has lagged behind other states in creating “shovel-ready” sites for businesses that often have short timeframes for opening new operations.
“We are competing for jobs every day, and we are working hard to ensure Delaware’s future and ongoing economic success,” said Carney. “This legislation will allow us to quickly convert existing properties to meet the needs of prospective employers, spurring growth and new business investment. It’s just another way we are ma