Delaware Bids to Keep Invista Jobs

Delaware officials disclosed that the state offered Invista $14 million in incentives to keep 350 high-paying jobs here.

If finalized, the package would be the largest ever from Delaware's strategic fund, which is used to attract and retain businesses, said Judy McKinney-Cherry, director of the Delaware Economic Development Office.

Invista, the former DuPont Co. textiles and interiors business, must keep the jobs in Delaware for at least six years, McKinney-Cherry said. The jobs also must pay an average salary of $90,000.

Invista announced in June that it would keep the headquarters for some of its operations in Delaware, but the state did not reveal the terms of the incentive package until Friday.
Invista said it considered sites in five countries and four states in a relocation search after DuPont sold the company to a subsidiary of Wichita, Kan.-based Koch Industries in April.

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