Sallie Mae Selects Newark, Delaware for HQ Relocation
07/07/2010
"We appreciate the business spirit of officials at the state and local levels and that Delaware has made clear it will be a great place to grow our business," said Albert L. Lord, CEO of Sallie Mae.
The company currently employs 900 people in Newark, and will begin to occupy a new headquarters in March 2011. The move will have no effect on the existing office.
The Delaware Economic Development Office is recommending a Delaware Strategic Fund Grant of a maximum $3 million on Sallie Mae's projected $100 million investment. It may also qualify for Delaware Division of Revenue's New Economy Tax Credit Program instead of the Strategic Fund, based on the number and level of jobs created.
Sallie Mae has also agreed to subcontract collection services from businesses in Kent County when possible.
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024