Deadline for Second Round of TIIF Grant Application Approaching

The Delaware Department of Transportation (DelDOT) is reminding interested businesses that applications for the next round of Transportation Infrastructure Investment Fund (TIIF) grants will be accepted until Monday, November 16, 2020. A total of $12,501,000 is available for the second round of TIIF applications.

TIIF was established in 2019 to provide economic assistance for renovation, construction, or any other type of improvements to roads and related transportation infrastructure in order to attract new businesses to the state, or expand existing businesses in the state, when such an economic development opportunity would create a significant number of direct, permanent, quality full-time jobs.

The council’s first recommendations were made in June 2020, and seven projects totaling more than $7 million in grants were approved by Secretary Cohan and Secretary of State Jeff Bullock.

The members of the TIIF Council appointed by Governor Carney are Rob Book, Martin Nunlee, Cornelia Johnson, Mona Parikh, John Riley, Bill Strickland, and Joe Westcott, who serves as chair.  Representative Bill Bush and Senator David Sokola were appointed by their respective chambers to represent the General Assembly on the council.

More information on TIIF can be found at https://de.gov/TIIF.


Transportation Infrastructure Investment Fund Council Makes First Recommendations

The Transportation Infrastructure Investment Fund (TIIF) Council, an initiative announced by Governor John Carney in 2019, has made its first recommendations for project funding to Secretary of Transportation Jennifer Cohan and Secretary of State Jeffrey Bullock.

The council has recommended eight projects receive a total of $8.8 million in grant funds that will go toward infrastructure investments providing a public benefit and assist in the creation or relocation of more than 1,300 jobs in the state.

“We greatly appreciate the council’s work in reviewing the merits of each applicant and look forward to reviewing their recommendations,” said Secretary of Transportation Jennifer Cohan.

“The TIIF is a unique opportunity to offset infrastructure costs that may have prohibited these companies from expanding here in Delaware and is another tool now available to us to support our business community,” said Secretary of State Jeffrey Bullock.

State Representative and council member Bill Bush added, “As chair of the House Economic Development/Banking/Insurance & Commerce committee, I continue to advocate for helping businesses grow across our state and I am very pleased with the process we’ve created with TIIF to do just that.”

“The grants provided by TIIF will create a real public benefit and an immediate impact on businesses that are eager to expand and add good jobs in Delaware,” commented Joe Westcott, market president for Capital One and chair of the TIIF Council.

The recommendations put forth by the council are:

APPLICANT RECOMMENDED GRANT NEW/RELOCATED JOBS
CHRF LLC $250,000 18
FMIIV (Project Cape) $600,000 159
RIG Acquisitions LLC (Fort DuPont RV Resort)  $1,350,000  5
Incyte Corporation  $1,092,154 952
Lakeshore Motor Corporation  $521,929.10 25
Miller Metal Fabrication $313,000 6
N.K.S. Distributors  $1,151,816.90 4
Peninsula Regional Health System  $3,570,000 150

TIIF was established to provide economic assistance for renovation, construction, or any other type of improvements to roads and related transportation infrastructure in order to attract new businesses or expand existing businesses in this Delaware, when such an economic development opportunity would create a significant number of direct, permanent, quality full-time jobs.

The members of the TIIF Council appointed by Governor Carney are Rob Book, Martin Nunlee, Cornelia Johnson, Mona Parikh, John Riley, Bill Strickland, and Joe Westcott, who serves as chair. Representative Bill Bush and Senator David Sokola were appointed by their respective chambers to represent the General Assembly on the council.

More information on TIIF can be found at de.gov/TIIF.


Transportation Infrastructure Investment Fund Launches

The Delaware Department of Transportation (DelDOT) announces that the Transportation Infrastructure Investment Fund (TIIF), an initiative announced by Governor John Carney in 2019, is now live and accepting submissions.

TIIF was established to provide economic assistance for renovation, construction, or any other type of improvements to roads and related transportation infrastructure in order to attract new businesses to this state, or expand existing businesses in this State, when such an economic development opportunity would create a significant number of direct, permanent, quality full-time jobs.

At the bill signing last summer, Governor Carney stated, “This legislation is really about creating good-paying jobs for Delaware workers and their families…TIIF will allow us to react quickly to important economic development projects that require upgrades to roads or other infrastructure. Investments in our transportation infrastructure make it easier and safer to travel across Delaware, and help us attract development from new and existing businesses…”

“Launching TIIF is an important step in our ongoing efforts to expedite our processes to ensure we are encouraging economic development projects that will help businesses in our state grow,” said Secretary of Transportation Jennifer Cohan.

TIIF is funded with $5 million from the state’s general fund and $5 million from DelDOT’s FY 2020 budget. The fund will be managed by the TIIF Council, a nine-member council established by the legislation with seven appointments made by the governor. The council will consider applications and make funding recommendations to Delaware’s Transportation Secretary and the Secretary of State.

Governor Carney has appointed Rob Book, Michael Casson, Cornelia Johnson, Mona Parikh, John Riley, Bill Strickland, and Joe Westcott as the first members of the TIIF Council, which will meet for the first time on January 27, 2020. Representative Bill Bush and Senator David Sokola were appointed by their respective chambers to represent the General Assembly on the council.

More information on TIIF can be found at https://de.gov/TIIF