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Government Manufacturing News

Panel eyes financing for retirement villages, manufacturing


(AP) — 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.

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