Modernization Investment Support Initiative (MISI)
Ref: GRT-D6USZUCH
Funding Available
Up to $1,000,000
Delaware
All Sectors
Not specified
Grants & Funding
About This Grant
Provides grant funds to qualified businesses that face regional, national, or global competitive forces that could disrupt or negatively affect local operations unless investments are made that can update or 'modernize' the Delaware location.
What Can It Fund?
- Improve the long‑term viability of Delaware facilities
- Support current and future employment levels in the state
- Ensure companies remain operational and contribute to the local tax base
Eligible Costs
- -equipment
- -machinery
- -engineering services
- -construction
- -utility infrastructure required to install equipment
- -other expenses approved by the Division of Small Business/DEDA
Ineligible Costs
- -vehicles
- -forklifts
- -furniture
- -construction not related to the installation of equipment
- -permit fees
- -regularly scheduled maintenance and replacement of building systems and equipment
Expected Outcomes
Job Creation: Applicants must retain at least 90% of their existing full‑time employees and have a minimum of 20 full‑time employees to be eligible.
- Prevent downsizing or closure of existing operations
- Maintain competitiveness of Delaware‑based sites
- Contribute to the state’s tax revenue
Funding Source
State of Delaware
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