SB127 establishes a fund to support economic growth and stability by providing grants, loans, or other aid to businesses and public entities that invest in constructing, renovating, or improving infrastructure for commercial or industrial sites. This will attract new businesses, expand existing businesses, and create permanent full-time jobs. The competition between states to attract and retain businesses requires sustained economic growth, which depends on readily available sites for commercial and industrial development. The Site Readiness Fund will provide assistance to qualified businesses or public entities to develop such sites and retain economic opportunities.
The Delaware State Senate passed SB127 on May 20, 2021 by a vote of 21 to 0. We have assigned pluses to the nays because government should not subsidize and interfere with private enterprise. This expands the size of government, and subsidies make businesses more reliant on government assistance. When the government meddles in areas they shouldn’t, individuals and businesses lose more control and freedom.