Recently, Lieutenant Governor Matt Denn and DEDO announced a new revolving loan fund designed to “make loans…to businesses that cannot otherwise obtain capital.” Put in a more straightforward way, the state is going to be loaning tax dollars to businesses that cannot borrow money.
Energy independence has emerged as one of the leading issues as we enter the 21st Century. Delaware is positioning to be a leader in that global arena by getting out in front of alternative energy production with off-shore wind farms and many different municipalities funding solar arrays. Indeed, Delaware is one of only ten states currently under a cap and trade regulation model instituted a few years ago under the name of the Regional Greenhouse Gas Initiative (RGGI). That legislation has forged the way for a new Sustainable Energy Utility, responsible for connecting federal subsidies with alternative energy projects in the First State. In addition, Delaware recently welcomed Fisker Automotive to our dwindling family of manufacturers for production of a new model plug-in hybrid vehicle.
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