Wesley College to receive $3 million in state funding
From Delaware State News
DOVER — A state panel this week approved a request for $3 million from Wesley College, with conditions.
The funding is expected to help the college continue operations until it can come to an accord on a merger with another higher education institution, which could be announced in the coming weeks.
In November, the private school submitted a request for $3.2 million from the state’s Higher Education Economic Development Investment Fund. The group, which consists of the director of the Office of Management and Budget, the secretary of state, the co-chairs of the General Assembly’s Joint Legislative Committee on Capital Improvement and the controller general, previously awarded $2 million to the college in 2019.
Wesley also was given permission in the spring to move $1.375 million earmarked for it the prior year to renovate the former Dover library.
College officials were informed in the summer they would not receive any more funding without first submitting a long-term strategic plan to the state, which they have not done as yet.