County to Kick in $7.5M to Keep DuPont Spinoffs in Delaware
DuPont headquarters in Wilmington, Del. (Jennifer Corbett/AP)
WILMINGTON, Del. (AP) - A multimillion-dollar incentive package to keep DuPont Co. in Delaware after it merges with Dow Chemical includes a $7.5 million contribution from New Castle County.
The companies announced Friday that the agricultural company that will be created after the $130 billion merger is completed will be headquartered in Wilmington. A specialty-products business that will also be spun off in the merger had already been confirmed for Wilmington.
The incentive package to retain the companies includes $7.5 million in county contributions, in addition to $9.6 million in state incentives.
County officials say the incentives are unprecedented but needed to keep the jobs in Delaware, where DuPont has long been a major employer. Iowa and Indiana made aggressive bids to land the headquarters.