Delaware Strategic Fund Grant/Loan Program for Business Development
Title:  

Delaware Strategic Fund Grant/Loan Program for Business Development

Agency:  

Delaware Division of Small Business

State:  

Delaware

Open Date:  

12/12/2024

Close Date:  

TBD

Last Updated:  

8/12/2025

Description:
• Program offers grants and low-interest loans to support business expansion, retention, and relocation projects that significantly impact Delaware's economy • Eligible projects include: - New/expanding manufacturing facilities - New/expanding distribution centers - New/expanding corporate headquarters - New/expanding research facilities • Key requirements: 1. Project must be located in Delaware 2. Must maintain or expand employment in Delaware 3. Must create significant number of direct, quality, full-time jobs 4. Must demonstrate financial assistance from Delaware is necessary 5. Must be in good standing in Delaware and other jurisdictions 6. Must provide 3 years of audited financials/tax returns 7. Must have Delaware Business License • Not eligible: Private real estate ventures, restaurants, retail, residential/office buildings, refinancing existing debt, out-of-state projects • Funds typically disbursed as reimbursement for incurred expenses • Recipients must maintain agreed-upon employment levels • Initial contact should be made through Delaware Prosperity Partnership
Attached Files:

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Contact Information:

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Budget Estimate:

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