DOVER, Del. — The Delaware Economic Development Office is set to be eliminated.
The News Journal of Wilmington reports (http://delonline.us/2rqsVAl) Gov. John Carney announced plans to dissolve the 35-year-old office after shifting most of its functions to the Delaware Prosperity Partnership, a new public-private partnership run by some of Delaware’s largest companies.
The proposal, which was recommended by a 15-member working group created by the governor, calls for the state to contribute $2 million a year to the partnership’s operating budget. The state would generate its annual contribution by eliminating 19 of the 42 positions at DEDO.
The remaining employees will be folded into a new agency: the Division of Small Business Development and Tourism.
Delaware’s general assembly must authorize funding for the DPP and approve the proposed elimination of the DEDO.
Information from: The News Journal of Wilmington, Del., http://www.delawareonline.com