A state economic development panel is set to vote on a request by Wells Fargo Bank for more than $1.3 million in taxpayer grants to help offset costs associated with relocating and creating new jobs in New Castle County, Delaware.
The Council on Development Finance was to meet Monday to consider the proposal, which state officials say involves the bank's commitment to add 180 jobs in Delaware by 2018.
Wells Fargo is asking for Strategic Fund performance grant of up to $1.3 million a Strategic Fund capital expenditure grant of up to $60,000.
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Wells Fargo reportedly plans to relocate 80 jobs from outside Delaware and add an additional 100 jobs over the next three years.