Business news

DuPont spinoff Chemours wins almost $8M in taxpayer money

May 23, 2016

NEW CASTLE, Del. (AP) — A state panel has approved almost $8 million in taxpayer money for the Chemours Co., the financially struggling chemicals business spun off from the DuPont Co.

The Council on Development Finance voted unanimously Monday to give Chemours a Strategic Fund grant of up to $7.2 million to retain 900 full-time jobs in Delaware through 2020.

The panel also approved a capital expenditure grant of up to $695,000 to Chemours for a headquarters project in Wilmington.

State committee approves $7.5M for Middletown data center

May 5, 2016

MIDDLETOWN, Del. (AP) — The state has approved a $7.5 million public grant to build a proposed data center and natural gas power plant in Middletown.

The News Journal reports (http://delonline.us/1SOLuaz) the state Infrastructure Investment Committee voted Wednesday to give taxpayer dollars to Cirrus Delaware LLC, on the condition that the company receive an approved environmental permit and provides information to the state about who will be behind the funding and operation of the facility.

Baltimore County hopes to attract PayPal jobs

May 5, 2016

HUNT VALLEY, Md. (AP) — Baltimore County is trying to lure a 400-person PayPal global operations center to the area that was initially planned for North Carolina.

Last week, County Executive Kevin Kamenetz wrote a letter to PayPal President and CEO Dan Schulman encouraging the company to expand its existing Hunt Valley office instead.

Assateague seashore creates nearly $110M economic impact

May 2, 2016

BERLIN, Md. (AP) — Assateague Island National Seashore has generated a nearly $110 million economic impact in local communities.

The Daily Times of Salisbury reports (http://delmarvane.ws/24iyi58 ) the National Park Service said in its annual 2015 report that more than 2 million people who visited the National Seashore spent over $96 million in communities near the park.

McAuliffe visits Germany, announces new trade deal

Apr 27, 2016

RICHMOND, Va. (AP) — Gov. Terry McAuliffe has announced a new forest products trade deal between companies in Virginia and Germany.

McAuliffe is in Europe this week for a trade and marketing mission.

During a stop in Germany, McAuliffe announced that Kenbridge-based America Bluesky Lumber Industry LLC is now selling products to Holz-Schnettler Soest, a German lumber importer and distributor. America Bluesky's overseas sales have so far been only in China and Southeast Asia.