State taxpayers may shell out $7.9 million to help keep 900 Chemours jobs in Delaware.
The Associated Press reports those full-time jobs would only be guaranteed through 2020.
That money, approved by the Council on Development Finance Monday, will also go towards potentially headquartering the performance chemical company in the state.
The AP also says Chemours is in talks with other states it could possibly call home and hasn’t committed to Wilmington.
The Council on Development Finance oversees Delaware’s Strategic Fund, which gives out grants to companies promising to expand, relocate or keep jobs here.
State lawmakers slashed corporate taxes and boosted incentives and credits earlier this year costing tens of millions of dollars in order to lock-in two Dow DuPont spinoff companies in Delaware.
It was also an appeal to Chemours – a former DuPont division – to keep its workforce her . Earlier this month, the company posted its first profitable quarter since separating from DuPont in July 2015.
