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CDF doles out $4.5M in taxpayer-backed grants to five companies, including Pepsi

Peter OsborneBusiness, Government, Headlines

The Council on Development Finance (CDF) has approved nearly $4.5 million in taxpayer-backed grants, including nearly $2.9 million to Pepsi to “Pepsify” a 359,000-square-foot warehouse in Claymont. CDF is an advisor to the Delaware Economic Development Authority (DEDA). It is responsible for conducting public hearings before DEDA issues any bonds or provides other financing support to projects. Other applicants who …

Aqua Science is asking for $50,000 from the state as part of the Delaware Technical Innovation Program. (Photo from Aqua Science website)

Aqua Science asks for state-funded bridge grant to support growth to $6.8M revenue in 2029

Jarek RutzHeadlines, Business

NEWARK – Aqua Science, a women-owned business led by Iwona Evans, is asking the state to provide a grant to help it take off from a long development runway. It is seeking $50,000 from the Council on Development Finance, part of the Delaware Economic Development Authority’s Division of Small Business, at its Dec. 9 meeting. The company, founded in 2020 …