Type to search

Government Manufacturing & Distribution News

Panel eyes financing for retirement villages, manufacturing

Avatar photo

(AP) โ€” A state panel is meeting to consider approval of a bond restructuring for a Pennsylvania corporation that operates several continuing care retirement communities in Delaware.

A proposal to be discussed at Monday’s meeting of the Council on Development Finance involves an application by ACTS Retirement-Life Communities for a bond issuance not to exceed $44 million.

The money would be used for renovation, construction and equipment purchases at Cokesbury Village in Hockessin, Country House in Wilmington and Manor House in Seaford.

The council also will consider a request by the Delaware Manufacturing Extension Partnership for a grant of up to $518,000 to provide technical and business assistance to small and medium sized firms in Delaware.

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.


You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

Premier Digital Partners

© 2024 Delaware Business Times

Flash Sale! Subscribe to Delaware Business Times and save 50%.

Limited time offer. New subscribers only.

Limited time offer. New subscribers only.


Subscribe to Delaware Business Times and save 50%