Delaware Public Media

DELAWARE IN FACT: Strategic fund by the numbers

Jun 27, 2010

Strategic Fund: by the numbers

The Strategic Fund awards loans and grants to support existing Delaware businesses and attract new ones. Since January 2009, the bulk of the fund went to two recipients, Fisker Automotive and PBF Energy, to rescue jobs from devastating plant closures. How much went to support smaller businesses?

Of the 59 awards allocated through the Strategic Fund so far, 9 exceeded $1 million, as shown in the first graph below. But those 9 awards represent most of the $67 million spent so far, as the second graph shows. Fisker and PBF were the largest recipients, getting a combined $41.5 million.

[caption id="attachment_443" align="aligncenter" width="363" caption="Number of Strategic Fund allocations, by size of award"][/caption]

[caption id="attachment_444" align="aligncenter" width="363" caption="Allocations as a percent of total Strategic Fund spending "][/caption]

Source: DEDO