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$7.5 Million in New Castle County Funds to Keep DuPont Jobs

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DuPont Company will receive $7.5 million from New Castle County in new economic development funds.

The Wilmington News Journal reports that the money comes from tax reserves and will be paid out in annual installments over the next five years.

The paper adds that there is no plan for DuPont to repay the county.

Dow and Dupont are in the middle of a $130 billion merger and they have also received $9.6 million from the state government coffers.

County officials say the money is worth the commitment by the two companies for keep jobs in the First State.

Last year DuPont said it would slash its workforce by 17-hundred jobs and local officials say they are concerned there could be more in the future.

Don Rush is the News Director and Senior Producer of News and Public Affairs at Delmarva Public Media. An award-winning journalist, Don reports major local issues of the day, from sea level rise, to urban development, to the changing demographics of Delmarva.