Delaware to Use $$ Returned by Incyte for Small Businesses

Delaware to use $$ returned by Incyte for small businesses

Months after local pharmaceutical giant Incyte abandoned plans to move its headquarters to Wilmington, state officials reallocated millions of grant dollars from the project to a new initiative to support

Delaware to use millions returned by Incyte for small businesses

Why Should Delaware Care? One of Delaware’s largest companies has sold its offices less than two years after moving to Wilmington, abandoning a project that looked to reenergize the city’s downtown and was heavily backed by taxpayer dollars. After negotiations, almost 80% of the original grant will be returned to the state and used for a new fund to support other businesses. Months after local pharmaceutical giant Incyte abandoned plans to move …