Council on Development Finance Approves Eight Site Readiness Fund Projects Totaling $6.2 million

NEW CASTLE, DE (March 28, 2022) – The Council on Development Finance (CDF) on Monday approved eight Site Readiness Fund project applications totaling $6.2 million. The projects are located throughout the state with three each in New Castle County and Kent County and two in Sussex County.

Established through Senate Bill 127, the Site Readiness Fund promotes economic growth and stability by investing in the development or improvement of commercial and industrial sites to attract job-creating businesses.

“The Site Readiness Fund was created to help fund development or redevelopment of commercial and industrial sites across Delaware to spur economic growth and new business investment. With the funding approved today, these properties can be quickly converted to meet the needs of employers who will create quality jobs for Delawareans,” said Governor John Carney.

“By investing in these projects, we can ensure that Delaware remains competitive in attracting and retaining vital businesses that create opportunities for employment,” said Jordan Schulties, Director of the Division of Small Business. “In today’s competitive economy, it is more important than ever that we have tools like the Site Readiness Fund to help expand and sustain economic growth in our state.”

“The Site Readiness Fund allows us to be proactive in developing a ready supply of sites available to companies who choose to locate or expand in Delaware,” said Kurt Foreman, President and CEO of the Delaware Prosperity Partnership. “We are excited to see the projects receiving funding today develop over the coming months and look forward to the new jobs they will bring to Delaware.”

The Site Readiness Fund provides grants, loans or other economic assistance to qualified businesses or local governments that invest in constructing, renovating or improving commercial, industrial sites that are readily available to new businesses, established businesses that are considering moving to the state, or existing businesses within the state that need additional sites to remain or expand in Delaware.

The FY 2022 Bond Bill included $10 million to support the Site Readiness Fund. This is the first round of funding for the program.

The project applications approved for funding by the CDF on Monday include:

  • $1 million to the Chestnut Run Innovation and Science Park partners to modernize campus infrastructure of the Chestnut Run Innovation and Science Park, which was designed to combine research, advanced manufacturing operations and business incubation while cultivating relationships with local universities. Funding will be used to improve site lighting and utilities, paving and concrete, and for selective building demolition.
  • $1 million to the City of Harrington for proposed redevelopment of an industrial park on three properties on U.S. Route 13 totaling 131 acres. Funding will be used for engineering and planning of the project and roadway and utility work.
  • $1 million to Drawbridge Claymont to support the development of an industrial site on 58 acres at 6300 Philadelphia Pike in Claymont. Funding will be used for demolition and engineering services.
  • $1 million to E & D Holdings to support continued development of the Wyoming Business Center at 140 and 146 Southern Boulevard in Wyoming. Funding will be used to prepare the site, install infrastructure and utilities, and construct two new warehouse buildings.
  • $1 million to Martin Property Development to support development of 112,000 square feet of flexible industrial warehouse space on 10.9 acres of commercial property in the Frankford Business Park. Funding will be used for civil engineering, earthwork, sitework, and utilities.
  • $1 million to Sussex County to create new shovel-ready sites at the Delaware Coastal Business Park near Georgetown. Funding will be used for road improvements, utilities, and supporting infrastructure.
  • $100,000 to the City of Milford to support planning for the development of an industrial/business park on a recently purchased 182-acre lot on Milford Harrington Highway. Funding will be used to develop a master plan, conduct a traffic impact study, and complete engineering design.
  • $100,000 to Shanlan Corporation to support planning for the development of the St. Georges Logistics Center at 1870 Dupont Parkway in Middletown, which is conceptually designed to include three buildings totaling more than 2.5 million square feet of warehouse facilities. Funding will be used for engineering fees and transition surveying.

Three additional Site Readiness Fund project applications requesting a total of $3 million will be considered at the next CDF meeting on April 25. If those projects are approved, the first round of Site Readiness funding will support 11 projects at a total of $9.2 million.


EDGE Grants Competition Reopens To Benefit Promising Early-Stage Delaware Small Businesses

DOVER, DE (March 1, 2022) – Young Delaware companies in need of funding to help expand their business can now apply to compete for an Encouraging Development, Growth and Expansion (EDGE) Grant from the Division of Small Business. The division will be accepting EDGE Grant applications until March 31 from promising early-stage businesses throughout Delaware.

Businesses who are less than five years old and employ no more than 10 employees are eligible to apply for an EDGE Grant. The grants are awarded through a competitive selection process. Five STEM-based companies can receive up to $100,000 for eligible expenses while five Entrepreneur Class (non-STEM) businesses can receive up to $50,000.

EDGE is a matching grant program. The Division of Small Business matches a winning business’s investment on a 3-to-1 basis. The business can spend EDGE grant funds on expenses that help improve the company’s long-term chances of success, such as a marketing campaign to help acquire more customers or purchasing a needed piece of equipment that can increase production capacity.

Applications for the competition round will be accepted from March 1 through March 31 at 5 p.m. Finalists will pitch their grant proposals to a panel of expert judges with winners announced in the summer.

“Delaware has an amazing community of entrepreneurs who stake their future on following their passion and starting their own business,” Secretary of State Jeff Bullock said. “By providing significant capital to these early-stage companies, the state of Delaware is able to help them reach their potential and show their owners that we value their efforts in starting and growing their businesses here in Delaware.”

“The EDGE Grant program has been very popular with Delaware small business owners because these grants have helped promising small companies in a variety of industries reach the next level and compete with larger companies,” Division of Small Business Director Jordan Schulties said. “I urge eligible small business owners interested in the program to reach out today to one of our Regional Business Managers for help with the application process.”

Since EDGE launched in 2019, $2.75 million has been awarded to 50 promising Delaware small businesses in industries ranging from renewable energy technology to fitness centers to restaurants. This will be the fifth round of the program since its launch.

One of the businesses who previously received funding is Elyte Energy, which uses patent-protected hydrogen technology to build a highly efficient power supply for generators and other fixed and portable devices. Elyte Energy was awarded a $100,000 STEM EDGE grant in the last round of funding. The company is using its grant to acquire laboratory space and equipment to develop a commercial prototype of its hydrogen-based system to power generators for the outdoor industry.  

“Startup companies like ours need funding if they are going to grow,” Dr. Jalaal A. Hayes, PhD, Elyte Energy’s founder and CEO said. “The $100,000 EDGE grant we received from the Delaware Division of Small Business will be crucial in helping us expand operations and build a commercial prototype to help meet our goal of making green energy available for the recreational vehicle (RV) market.”

Businesses should visit the Division of Small Business website for eligibility requirements, to download the grant application and to connect with a Regional Business Manager for application assistance.


Division of Small Business Now Accepting Applications for Site Readiness Fund

The Delaware Division of Small Business is now accepting applications for the Site Readiness Fund from qualified businesses or local governments. Established through Senate Bill 127, the fund promotes economic growth and stability by investing in the development or improvement of commercial and industrial sites to attract job-creating businesses.

The Site Readiness Fund provides grants, loans or other economic assistance to qualified businesses or local governments that invest in constructing, renovating or improving commercial, industrial sites that are readily available to new businesses, established businesses that are considering moving to the state, or existing businesses within the state that need additional sites to remain or expand in Delaware.

“There is significant competition between Delaware and surrounding states to attract and keep vital businesses that create and maintain employment opportunities,” said Jordan SchultiesDirector of the Division of Small Business. “The Site Readiness Fund is an important tool we can use to stay competitive and incentivize those businesses to locate in our state.”

“The Site Readiness Fund creates more viable options for companies looking to locate or expand right here in Delaware,” said Kurt Foreman, President and CEO of the Delaware Prosperity Partnership. “The fund provides an investment in ensuring that sites throughout the state are ready for the kinds of development and job growth we all value.”

An information session will be held for interested applicants on Wednesday, January 19, 2022 at 11 a.m. via Zoom. Pre-registration is required. Those interested in attending the webinar can register at this link. Site Readiness Fund applications are available at business.delaware.gov/site-readiness-fund. Once completed, applications can be emailed to business_finance@delaware.gov. Applications must be submitted by February 18, 2022.


Division of Small Business awards EDGE Grants to 15 Delaware companies

SMYRNA, Del. (August 11, 2021) – A company working to alleviate symptoms of Parkinson’s disease, a maker of wearable cooling protective gear, a specialty running store, and a meadery were among the 15 Delaware small businesses recognized Wednesday as awardees of the third round of Encouraging Development, Growth and Expansion (EDGE) Grants from the state Division of Small Business.

Gov. John Carney and Division of Small Business Director Jordan Schulties announced the companies at an event at Painted Stave Distilling in Smyrna, where EDGE grant recipient Taco Jardin currently has a food truck located.

“We need to make it easy for businesses to start and stay here in Delaware,” said Governor Carney. “That’s why we created the EDGE Grant program to encourage even more small businesses to expand and innovate. The grant recipients in this round span a wide range of industries, but each owner has the drive and determination necessary to start then grow their business. After an incredibly challenging year, we remain committed to rebuilding our economy and supporting Delaware small businesses.”

Businesses who are less than five years old and employ no more than 10 employees are eligible to apply for an EDGE Grant. The grants are awarded through a competitive selection process. STEM-based companies can receive up to $100,000 for eligible expenses while Entrepreneur Class (non-STEM) businesses can receive up to $25,000.

EDGE is a matching grant program. The Division of Small Business matches a winning business’s investment on a 3-to-1 basis. The business can spend EDGE grant funds on expenses that help improve the company’s long-term chances of success, such as a marketing campaign to help acquire more customers or purchasing a needed piece of equipment that can increase production capacity.

“EDGE Grants are helping to level the playing field for promising Delaware small companies as they compete with more established, larger businesses and as they recover from the coronavirus pandemic,” Secretary of State Jeff Bullock said. “Small businesses are the backbone of Delaware’s economy, and this program is just one of the many ways the Division of Small Business has made a strong, positive impact on the state’s economy by assisting hardworking business owners.”

Since EDGE launched in 2019, more than $2 million has been awarded to 35 promising Delaware small businesses in industries ranging from wearable technology to agribusiness to craft brewing.

“Despite the challenges of the last year, Delaware’s entrepreneurs continue to find innovative ways to ensure the success of their businesses by developing new products, changing how they interact with their customers, or thinking creatively about their future goals,” Division Director Jordan Schulties said. “The EDGE Grant offers us the opportunity to recognize this innovation by providing much-needed capital assistance at a time when our state’s small businesses need it most.”

This is the third round of funding for the program since it launched in 2019. In this latest round, which opened in April, 282 businesses applied for funding. Twenty-three finalists gave public presentations before a panel of expert judges on June 22, 23 and 24 at Delaware Tech in Dover.

Taco Jardin received $25,000 in EDGE Grant funds to purchase a second food truck to expand their reach throughout Kent County.

“This funding from the EDGE Grant program is significant for a small business like ours and will create opportunities for our business that would not be possible without it,” said chef and co-owner Charles Kelchner. “My business partners and I are honored to be selected as a winner of the grant funding. I know it will go a long way in helping our business grow and thrive in the months and years to come.”

EDGE Grant Recipients

STEM class

Desikant (Wilmington)
Founded in late 2019 by Kwaku Temeng, Desikant Technologies created technology that incorporates electronics into protective gear to actively exchange warm, humid interior air with cooler, drier ambient air. The company’s current project is developing and testing a cooling vest that surgeons can wear to prevent heat exhaustion during long surgeries. Desikant will use its grant to add new capabilities (intelligent, automatic operation) to its technology toolkit and pave the way for developing products for demanding, high value, and profitable applications.

Curative Sciences (Newark)
Curative Sciences is an early-stage life science start-up developing a comprehensive treatment platform for Oral Mucositis, tissue swelling in the mouth often caused by cancer treatment. The platform includes light-based therapy as well as oral care products for the management of intermediate to long-term oral side effects of cancer therapy. The grant will allow Curative Sciences to develop the next generation of their light-based therapy device.

Resonate Forward (Newark)
This company was established to commercialize technology to help mitigate the symptoms of Parkinson’s disease. The grant will make it possible for Resonate Forward to develop a manufacturable prototype and design for their RMband device that mitigates tremors in patients with Parkinson’s disease. In addition, grant funds will also be used to help the company secure research/office space at the University of Delaware’s STAR campus.

Neggster (Wilmington)
Always looking to solve problems, Newark’s Kasai Guthrie will be utilizing his EDGE funding to enable young adults to learn how to responsibly manage money and eventually hopes to transform his clients into entrepreneurs. Neggster, Guthrie’s new banking app, will teach its users how to better oversee their funds and to guide them to a more prosperous future.

Aqua Science (Newark)
Aqua Science LLC is a biotechnology start-up that supplies high-quality testing solutions for the water quality testing market, including biosensor-based products, lab services, or complementary products sourced from others. The company created a BioLight product line used for toxicity testing of water and soil by municipalities, industrial companies, and utilities who demand high-quality results and adherence to regulation. They will use the grant funding to develop a luminometer to be used with the BioLight kits.

Entrepreneur class

Doña Maria’s Pupuseria (Seaford)
Making Seaford a better place, one storefront at a time is exactly what Craig de Mariana Aleman and his family are all about. With their EDGE funding, Doña Maria will be expanding their restaurant outside and offering hand-dipped ice cream services to locals. While dining outside, customers will also be able to enjoy a beautiful new mural that Craig will commission, highlighting a local artist.

Elite Feet (Middletown)
Elite Feet is a local, family-owned and operated retail specialty running store that sells high quality footwear and apparel for the entire family. The company will use grant funds to create a mobile retail store in a climate-controlled trailer. The mobile trailer will allow customers to be fitted for and purchase athletic shoes while attending races or other events, increasing the company’s profits and return on investment.

Taco Jardin (Smyrna)
Charles “Cheeks” Kelchner and his business partners are passionate about great things – specifically, street tacos served from their food truck, Taco Jardin, located at the Painted Stave Distilling in Smyrna. Chef Cheeks will be utilizing his newly obtained EDGE funding to purchase another food truck to take his fare on the road throughout Kent County.

Paragon Life and Fitness (Wilmington)
Vickie George, co-founder of Paragon Life and Fitness, believes that engaging in exercise should not be just for the elite or the able-bodied, and inclusiveness should have a place in the fitness industry. Paragon Life and Fitness plans to use its EDGE grant funding to open a fitness facility for adults and people with physical disabilities that will include wheelchair/dual accessible equipment.

Grail Sports (Elsmere)
Founder Eugene Delle Donne launched Grail Sports LLC during the summer of 2018 with aspirations to penetrate the sports media world. After evolving from specializing in online blogging and podcasts, in January 2021, Grail Sports entered into a lease agreement to acquire a 24,000 square foot gymnasium to create an elite training facility for youth programs called the Grail Sports Complex. EDGE grant funding will be used to renovate the lower level of the sports complex to allow Grail Sports the opportunity to offer indoor training in multiple sports.

1440 Film (Wilmington)

1440 Film Co. is a full-service video production company located in Wilmington that specializes in commercials, documentaries, and branded content. The company will use grant funding to purchase a cargo van and various grip filmmaking equipment in order to continue delivering high-quality work that is creative, engaging, and makes an impact on its clients.  

Tempest Risk Management (Wilmington)

Tempest Risk Management provides world class business continuity and disaster recovery solutions to businesses and communities enabling them to survive and thrive. EDGE grant funding will be used to build and launch the Tempest Risk Management Portal giving Delaware’s small and medium business owners instant access to critical resources when they are needed during a business emergency or disruption.

Brimming Horn Meadery (Milton)

When Jon Talkington and JR Walker opened the Brimming Horn Meadery in Milton, Delaware in 2017 they had no idea how quickly their niche corner of the market would grow. Fast forward to 2021 and now the meadery is yet again expanding their horizons into the food truck industry. With their newly acquired EDGE funding, Jon and JR will be opening a Viking-themed food truck to complement their meads and serve their hungry clientele.

Gingham + Grace Clothing (Harbeson)

Jami Jackson has grown her once small online boutique shop to a brick-and-mortar storefront in Harbeson, Delaware where her clients receive excellent customer service and one-of-a-kind pieces. With her EDGE funding, Jackson plans on investing in new inventory to grow sales, with hopes to bring on a new employee who can help her better serve her patrons in Delaware and the 29 other states that she ships to currently.

Delaware Tool Exchange (Newark)

This veteran-owned company acquires tools and equipment on a consignment basis and offers them for sale at fair market prices from a brick-and-mortar industrial facility in Newark. The company will use its grant to lease, build out, and open a second location in or near Newark, and equip their existing location with an integrated system to receive, inspect, clean, and repair tools more efficiently.


Governor Carney Signs Senate Bill 127

Legislation creates Site Readiness Fund to promote job creation, economic growth

MIDDLETOWN, Del. – Governor John Carney on Tuesday signed Senate Bill 127 alongside members of the General Assembly, the Delaware Prosperity Partnership, business owners, and local elected officials. This legislation was laid out in the Governor’s 2021 State of the State Address.

Senate Bill 127 creates a Site Readiness Fund that will promote economic growth and stability by investing in the development or improvement of commercial and industrial sites to attract job-creating 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 within the State.

“We are competing for jobs every day, and we are working hard to ensure Delaware’s future and ongoing economic success,” said Governor 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 makingDelaware a top choice for businesses to start here and stay here. Thank you to all the members of the General Assembly, the Delaware Prosperity Partnership, and the Division of Small Business for their work on this legislation.”

“A good-paying job can change lives,” said Senator Jack Walsh. “But in today’s highly competitive environment, you can’t just sit back and hope your state will attract major employers. You got to work at it every day. Thankfully, Governor Carney, the Delaware Prosperity Partnership and the Division of Small Business are doing exactly that, and this legislation gives them another tool in their tool belt to help attract the kinds of companies and construction projects that will put our neighbors to work for years to come.”

“To ensure Delaware’s future and ongoing economic success, we need sites that can accommodate businesses and expedite the start-up time for new companies,” said Representative Bill Bush. “By taking this proactive approach in developing a ready supply of sites, we’re keeping Delaware competitive with surrounding states by attracting and retaining businesses with high-quality jobs.”

“Businesses who are considering locating in Delaware often need to make significant infrastructure investments, whether by constructing a new site or renovating an existing one. The Site Readiness Fund provides us the opportunity to offer those businesses an added incentive that can give us an advantage over other states,” said Secretary of State Jeffrey Bullock. “In today’s economic climate where competition among states and globally is heavy, this fund is a critical piece in expanding and sustaining economic growth in Delaware.”

“At a time when there is significant competition from other states, the Site Readiness Fund is an important tool in our economic development toolbox that we can use to stay competitive and incentivize businesses to locate in Delaware,” said Jordan Schulties, Director of the Division of Small Business. “The fund will go a long way in helping our state attract and retain businesses that will create quality jobs for Delawareans.” 

“This measure furthers the efforts of Delaware Prosperity Partnership and its many statewide partners because the improvements it will fund will help businesses choose Delaware for their location or expansion,” said Kurt Forman, President and CEO of the Delaware Prosperity Partnership. “DPP is grateful to the General Assembly for its support of this legislation and for its investment in ensuring that sites throughout the state are ready for the kinds of investment and job growth we all value.”

Photos from today’s bill signing can be found here.

Rewatch the bill signing ceremony here.

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