Why Should Delaware Care?A taxpayer-funded grant has been approved to retain more than 200 well-paying jobs in the state. It is likely that wage taxes from those jobs will more than make up for the grant, however, at a time when state revenue is being questioned.
A state board approved a $1 million grant in taxpayer funds on Monday to retain about 200 high-paying administrative positions for Corteva AgriScience, a spin-off company from the former DowDuPont merger.
The decision over spending public funds to keep jobs that were likely to cover the assistance comes amid heightened scrutiny and concern over revenue in the state. Last week, Delaware’s independent financial advisers predicted that the state could see a reduction of $150 million in next year’s budget due primarily to drops in corporate income taxes on the back of federal tax reforms…