- Associated Press - Saturday, February 20, 2016

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 News Journal of Wilmington reports Saturday (https://delonline.us/2153H9K ) that 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.

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Information from: The News Journal of Wilmington, Del., https://www.delawareonline.com


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