DE SB194

Creates the Job Incentive Fund under Delaware law to provide grants to businesses that expand or relocate to Delaware, with focus on industries with markets beyond Delaware's borders and high economic multiplier effects.

Establishes grant eligibility criteria including financial viability, a complete business plan, and net positive economic expansion, evaluated using North American Industrial Classification System and Regional Input-Output Modeling System.

Determines grant amounts between $1,000 to $6,500 per qualified employee added and 3% to 5% of qualified capital investment, with qualified capital investment defined as at least $500,000 expended within three years and qualified employees earning at least $20,000 annually.

Directs $2,500,000 annually from Abandoned Property revenues to fund the Job Incentive Fund beginning in fiscal years after June 30, 2010, with grants awarded by the Delaware Economic Development Authority after Council on Development Finance approval.

Sunsets current employment and investment tax incentives by changing the termination date from June 30, 2011 to December 31, 2010 in existing law, effective upon enactment.