DNREC announces members of Coastal Zone Conversion Permit Regulatory Advisory Committee and sets first committee meeting for Thursday, June 14 in Delaware City

The logo for the Department of Natural Resources and Environmental ControlDOVER – After extensive stakeholder input and a public nomination process, Department of Natural Resources and Environmental Control Secretary Shawn M. Garvin announced members of the Coastal Zone Conversion Permit Regulatory Advisory Committee and the committee’s chair. The Regulatory Advisory Committee (RAC) will provide guidance and feedback to DNREC on development of Coastal Zone regulations that are required to be in place for issuance of conversion permits by Oct. 1, 2019.

The committee’s first meeting is scheduled for Thursday, June 14 from 9 a.m. – 4 p.m. at the American Birding Association Headquarters, 93 Clinton Street, Suite ABA, Delaware City, DE 19706. Committee meetings are open to the public.

“Delaware’s Coastal Zone means different things to different people, and those concerns and interests deserve to be represented and considered fairly in this regulatory development process,” said DNREC Secretary Garvin. “We are grateful to the women and men volunteering their time to the Committee and this important cause.”

The members of the Regulatory Advisory Committee have diverse backgrounds, experiences, and perspectives related to Delaware’s Coastal Zone that will guide DNREC in developing this new permitting program. Representatives come from environmental organizations, business and industry, affected communities, technical fields, public health, and other diverse backgrounds.

The Coastal Zone Conversion Permit Regulatory Advisory Committee will be chaired by Justice Randy J. Holland. Justice Holland was appointed to the Delaware Supreme Court in 1986, when, at 39 years old, he became the youngest person to be appointed to the Court. He retired from the Supreme Court in March 2017 after serving for over 30 years. Recognized as an expert on corporation law, corporate governance, appellate practice, and state constitutional law, Justice Holland has written more than 700 reported opinions, which include many seminal corporate law decisions. Justice Holland has written, co-authored, or edited nine books, and also has published several law review articles, primarily focused on corporate law, judicial ethics and legal history. He has taught corporate governance, appellate practice, and state constitutional law as an adjunct professor for many years. He has been recognized as one of the leading influencers on business ethics in the United States.

Members of the Coastal Zone Conversion Permit Regulatory Advisory Committee are:

  • Jennifer Adkins, Partnership for the Delaware Estuary
  • William Ashe, International Longshoreman’s Association 1694
  • Neeraj Batta, Batta Environmental
  • Brenna Goggin, Delaware Nature Society
  • Michael Hackendorn, Delaware Building and Construction Trades Council
  • Ron Handy, Boys & Girls Club of Delaware and Route 9 Corridor Coalition
  • S. Douglas Hokuf, New Castle County
  • Herb Inden, City of Wilmington
  • Tim Konkus, Delaware City Marina & Main Street Delaware City, Inc.
  • Dr. Awele N. Maduka-Ezeh, Division of Public Health Medical Director
  • James Maravelias, AFL-CIO
  • Dr. Eugene McCoy, Council of Civic Organizations of Brandywine Hundred, Inc.
  • Jerry Medd, Pilots’ Association for the Bay and River Delaware
  • Jeffrey Richardson, University of Delaware and Imani Energy
  • Robert Whetzel, Richards, Layton & Finger Law Firm and Delaware State Chamber of Commerce
  • Dolores Whilden, resident, Claymont
  • Marian Young, Brightfields Inc.

Passed by the General Assembly and signed by Governor Carney in August 2017, the Coastal Zone Conversion Permit Act allows for permitted industrial construction and operation in 14 existing sites of heavy industry use, and in certain circumstances, permitted bulk product transfer, within Delaware’s Coastal Zone. The Act requires DNREC to develop regulations determining how the permitting program will operate and defining specific requirements regarding environmental impact assessments, economic impact assessments, financial assurance, and environmental offsets.

DNREC requests that those planning to attend the June Regulatory Advisory Committee meeting notify the Department by emailing Brittany.Klecan@state.de.us, or by calling 302-735-3480. For more information, visit de.gov/conversionpermits, or call 302-735-3480.

Media contact: Michael Globetti, DNREC Public Affairs, 302-739-9902

No. 48, No. 148

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Governor Carney Signs Angel Investor Job Creation and Innovation Act

New law establishes a refundable tax credit for qualified investors in Delaware small businesses

NEWARK, Del. – Governor John Carney on Thursday signed into law House Bill 170, the Angel Investor Job Creation and Innovation Act, at the Delaware Technology Park at the University of Delaware’s STAR Campus.

The Angel Investor Job Creation and Innovation Act establishes a refundable tax credit for qualified investors in Delaware small businesses to spur job creation and innovation. The law establishes guidelines for awarding a tax credit worth up to 25 percent of the investment in a qualified, Delaware-based small business. Businesses receiving the investment must pay decent wages, employ fewer than 25 employees, and engage in innovation in one of several areas as its primary business activity.

“We should do everything we can to support Delaware’s innovators and entrepreneurs who are leading Delaware’s new economy, and this law will help connect our most talented entrepreneurs with the resources they need to be successful,” said Governor Carney. “Delaware is already a hub of innovation, and this tax credit will help to encourage investments in innovative, Delaware-based small businesses.”

 

 

Governor Carney called for passage of the Angel Investor Job Creation and Innovation Act in his 2018 State of the State Address. The bipartisan legislation was sponsored by Representative Michael Ramone, Representative Bryon Short, Representative Melanie George Smith, and Representative Dave Wilson. Senate sponsors included Senate President Pro Tem David McBride and Senator Cathy Cloutier.

“As a prime sponsor of the Angel Investor Act, I know that by enacting this legislation we are taking a significant step in helping to strengthen Delaware’s economic development climate,” said Representative Michael Ramone. “Getting to this point today was certainly a collaborative effort by legislators, the Governor, and the small business community, and one that I believe will result in definite job growth in Delaware.”

“By encouraging investment in technology startups, Delaware is making another strategic move to enhance its economic competitiveness. It is painstaking and difficult work to advance a startup and this new program will provide an infusion of capital to businesses at a critical time,” said Representative Bryon Short. “These resources will foster innovation in our state and support entrepreneurs growing their businesses.”

“We believe that keeping innovation created in Delaware in the state is a key component of future success for the life sciences industry,” said Helen Stimson, President and CEO of Delaware BioScience Association. “We are delighted to have this new Angel Investor Tax Credit program to entice investors to support our startup companies. This benefit coupled with Delaware’s attractive R&D tax credit program provides key benefits needed to keep our innovators in the state.”

“As a longtime advocate and mentor of early stage technology-based businesses, the Angel Investor Tax Credit should be a stimulus for new investors to support entrepreneurs in Delaware,” said Michael Bowman, Associate Director of the University of Delaware’s Office of Economic Innovation and Partnerships, and President of the Delaware Technology Park.

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Details about the Angel Investor Job Creation and Innovation Act:

The Angel Investor Job Creation and Innovation Act establishes guidelines for awarding a tax credit worth up to 25 percent of the investment in a qualified, Delaware-based small business. Businesses receiving the investment must pay decent wages, employ fewer than 25 employees, and engage in innovation in one of several areas as its primary business activity. By statute, the Delaware Division of Small Business will have until November 1, 2018 to create and publish an application for small businesses looking to participate in the program in calendar year 2019.

Qualified business activities include:

  • Using proprietary technology to add value to a product, process, or service in a qualified high-technology field.
  • Researching or developing a proprietary product, process, or service in a qualified high-technology field.
  • Researching, developing, or producing a proprietary product, process, or service in the fields of agriculture, manufacturing, wildlife preservation, environmental science, financial technology, or transportation.
  • Researching, developing, or producing a new proprietary technology for use in the fields of agriculture, manufacturing, financial technology, or transportation.


Governor Carney, JFC Co-Chairs Release Statements on DEFAC Estimates

WILMINGTON, Del.Governor John Carney and the co-chairs of the General Assembly’s Joint Finance Committee, Senator Harris McDowell and Representative Melanie George Smith, released the following statements Monday on the latest revenue estimates from the Delaware Economic and Financial Advisory Council:

“We’ve been focused since I took office on limiting spending growth, on directing one-time revenue into one-time investments, and on making sure we don’t spend beyond our means. These new estimates don’t change our priorities,” said Governor Carney. “The fact remains that our spending needs over the next several years will outgrow our ability to pay for them. If we fail to show restraint, we are setting ourselves up for difficult budget challenges next year or the year after that could require us to cut the very programs we’re funding this year. Over the next two weeks, we will work with chairs of the Joint Finance Committee on a sustainable budget plan that makes important investments but conserves resources, and sets us up for the long term.”

“During the Joint Finance Committee hearings this spring we heard from a number of Delawareans advocating for support for issues such as education, substance abuse treatment, corrections and investing in our workforce,” said Senator McDowell. “Over the next two weeks we will debate these issues with the goal of producing a prudent, sustainable spending plan that limits base budget growth while addressing the needs of Delawareans for Fiscal Year 2019 and beyond.”

“We are fortunate that the DEFAC estimates have been trending upward this spring,” said Representative Smith. “As a result, we will be able to address areas of highest priority for funding. However, this does not necessarily mean that we should irresponsibly increase ongoing spending, but look to limit ongoing costs and direct surplus revenue into one-time investments or savings.”

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Governor Carney’s Statement on DuPont’s Purchase of Newark Manufacturing Facility

DOVER, Del. – Governor John Carney on Wednesday issued the following statement on DuPont’s announcement of the company’s $45 million purchase and expansion of a facility in Newark to manufacture the specialized engineered material Kalrez:

“DuPont’s announcement on Wednesday reaffirms that Delaware remains a great place for any company to put down roots, grow and create jobs. Delaware has a talented and dedicated workforce, an ideal location and quality of life that’s second to none. We stand ready to support any business, large or small, that is seeking a great location to grow and thrive.”


Governor Carney’s Statement on Final Passage of Angel Investor Job Creation and Innovation Act

DOVER, Del. Governor John Carney on Tuesday issued the following statement on the General Assembly’s final passage of the Angel Investor Job Creation and Innovation Act, which will establish a refundable tax credit for qualified investors in Delaware small businesses to spur job creation and innovation:

 

“We are focused on doing everything we can to support Delaware’s innovators and entrepreneurs who are leading Delaware’s new economy. I look forward to signing this legislation, which will encourage investments in innovative, Delaware-based small businesses, connect our most talented entrepreneurs with resources they need to be successful, and create new jobs. Thank you to Representative Ramone, Representative Short, Senator McBride, Senator Bushweller and all members of the General Assembly for their support on this important issue.”

 

Governor Carney called for passage of the Angel Investor Job Creation and Innovation Act in his 2018 State of the State Address.

 

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Related news:

Governor Carney and Legislators Announce Bill to Spur Investment in Innovative, Delaware-based Small Businesses