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Delaware Business Times
People on the Move: Feb. 23
People on the Move is a rundown of recent hirings, promotions, appointments and other notable movements by professionals in the state. If you’re interested in submitting an entry, please contact news@delawarebusinesstimes.com. Terra Taylor has been nominated 11th Commissioner of the Delaware Department of Correction (DOC). She took the oath...
Bank of America exhibit at Biggs highlights corporate art collecting
When most people think of viewing fine art, their minds travel to the biggest cities in the world with the most prestigious museums: the Museum of Modern Art in New York City, the Louvre in Paris, the National Gallery in London. But some of the world’s biggest corporations are actually...
JP Morgan Chase CEO Jamie Dimon outlines Del. expansion plans
WILMINGTON — With ambitious plans to nearly double its retail presence in the greater Wilmington region, JP Morgan Chase & Co. has its eyes set on opening 100 local branches in the area, with about 20 planned for the First State. JP Morgan Chase is already the state’s top...
Incyte inks $25M deal for cancer drug
WILMINGTON — After collaborating with MorphoSys on a developing cancer treatment Monjuvi, Incyte has bought full rights to develop the immunotherapy and bring it to market. The Wilmington-based company bought the rights to Monjuvi, which is marketed outside the United States as Minjuvi, for $25 million in early February. The drug is the German pharmaceutical firm’s lone commercial product, and was bought out by another cancer drugmaker Novartis this month.
EDITORIAL: Delaware needs creative investment on housing initiatives
Despite persistent warning bells about a pending recession, the U.S. economy ended 2023 on even ground. The U.S. Department of Commerce reported at the end of January the economy grew 3.1% over the past year, pushed by a strong labor market and consumer spending. U.S employers added 353,000 jobs in January, starting the year strong.
JP Morgan Chase CEO Jamie Dimon outlines Del. expansion plans
WILMINGTON — With ambitious plans to nearly double its retail presence in the greater Wilmington region, JP Morgan Chase & Co. has its eyes set on opening 100 local branches in the area, with about 20 planned for the First State. JP Morgan Chase is already the state’s top private employer with around 11,500 employees.
Painting the future for Delaware’s creative economy
Noel Cross expects to finish this year financially in the red. Next year might not be much better. As one of four resident artists at Delaware Contemporary, the young painter with a recent masters in fine arts from the University of Delaware receives a modest financial stipend. While hardly a starving artist, the stipend isn’t.
NCC establishes public arts commission
Public art in New Castle County is about to get nine dedicated advocates, as the county council finishes voting on members of its newly established commission later this month. Last fall, the council unanimously passed Councilwoman Dee Durham’s Ordinance 23-160 to create the commission in an effort to support local...
Super Bowl brings $1.2M in Del. mobile sports bets
DOVER — With Super Bowl LVIII bringing in record-setting numbers for bets, Delaware also recorded strong numbers for its first major event with mobile sports betting. Delaware’s online sports app BetRivers accepted more than $1.2 million in wagers on Feb. 11, according to Delaware Lottery officials. Roughly 57,000 bets were placed through the app launched.
Beebe Healthcare receives historic $6M donation
REHOBOTH BEACH — Beebe Healthcare announced Tuesday morning it has received a $6 million donation from financial executive Rocco Abessino and his family to aid the southern Delaware health care institution’s fundraising goals. The gift is the second-largest in Beebe Healthcare’s history, behind a $10 million donation from...
90 in 90: Neil Stalter, Diamond State Financial Group
Figure out what you’re good at and what you’re not. Determine where you excel and focus your time and efforts there. The 80/20 rule applies. Delegate or outsource the 80%. It’s about return on investment (ROI). The most significant effect on ROI is where you excel. It’s not technology or administration – it’s meeting with clients and building trust.
90 in 90: Mike Quaranta, Delaware State Chamber of Commerce
Over the course of my career, I’ve discovered several famous quotes or passages that have guided me and my thinking. “We hold these truths to be self-evident, that all men are created equal…”. This is the first sentence of the second paragraph of the Declaration of Independence. If...
90 in 90: Markevis Gideon, NERDiT Now.
Over the course of my journey, I’ve learned valuable lessons that have shaped me into the person I am today. These 10 ideas encapsulate the wisdom, experiences, and insights that have guided me through challenges, triumphs, and growth. From breaking free of limitations to embracing the power of mentorship, these principles have been instrumental in my personal and professional development. Join me in exploring these ideas that have not only helped me succeed but can inspire and empower others on their own unique journeys.
90 in 90: Joseph Jones, New Castle County Vo-Tech School District
You’re either growing or you’re regressing. So, read! Read everything you can get your hands on, whether it’s personal development books, leadership books, magazines, or romance novels. All of them have something to teach you. No matter your age, education level, title, or stage of life, I urge you to keep reading and pursuing new knowledge and skills.
90 in 90: Don Mell, JPMorgan Chase
From the office to the playing field to the battlefield, we all learn leadership skills in different places. I developed my toolkit of strategies early in my career when I was a journalist covering the Middle East. I was in my 20s, new to journalism, new to Lebanon where I began my career, and new to workplace politics. The following tips helped me learn, succeed – and survive.
90 in 90: Chrissi Rawak, University of Delaware
Do what is right, not what is easy. Act courageously with honesty, fairness, and dignity. You’ll be proud of yourself and those you lead will respect you. And you can sleep at night. Culture over strategy. I love the quote from Peter Drucker: “Culture eats strategy for breakfast.” You...
90 in 90: Chris Locke, Lang Development Group
The people who succeed are not the smartest or the most talented. The people who succeed are those who never quit, who show up during times of adversity, roll up their sleeves and get the job done every day. The satisfaction is in the actual work, in the journey of...
90 in 90: Cathy Kanefsky, Food Bank of Delaware
My husband and I have raised three sons, including twins who have autism, cerebral palsy, and epilepsy. In 2018, Sam had a brain stem stroke. He came home in a wheelchair with a feeding tube. Once Sam was home, his twin Adam experienced extreme rage and uncontrollable behavior, caused by a chemical reaction triggered by PTSD. Intense treatment with help from a pharmacological psychiatrist helped bring him back to us.
90 in 90: Ayanna Khan, Delaware Black Chamber of Commerce
Reinvention and transition: Navigating from previous roles requires an entrepreneurial spirit and commitment to success. Openness to non-traditional learning and forging a unique path are crucial in the complex landscape of corporate reality. Resilience: Develop a determination to bounce back from setbacks, turning difficulties into stepping stones for growth. Let...
Economist: Recession possible due to hot spending, inflation
WILMINGTON — Last year, Sage Policy Group CEO Anirban Basu warned Delaware business leaders that despite a strong labor market, an economic recession was still on the horizon and people should expect a mild downturn. But as the year came and went with the United States economy growing 3.3%...
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