development incentives

Local News
11:45 am
Tue April 15, 2014

$35 Million For Fisker Automotive's Unsecured Creditors

Credit Fisker logo

WILMINGTON, Del. (AP) - Fisker Automotive's unsecured creditors will get $35 million in cash and stock under a new bankruptcy settlement.

But the News Journal reports that Gov. Jack Markell's office warned Monday that despite last week's settlement, Delaware won't see much for the $21.5 million in economic development incentives it awarded Fisker in 2010.

Markell spokeswoman Kelly Bachman says in a statement that the state is not expecting a substantial recovery of its investment.

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