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Delaware Business Times
Story Hill Farm buys sea salt brand for growth
FRANKFORD — Story Hill Farm recently announced an acquisition of oceanic possibilities: Henlopen Sea Salt. The artisan sea salt company launched in 2015 and was bought by the Frankford-based farm earlier this summer. Story Hill Farm has 70 acres filled with wildflowers and other pollinator-attracting flowers, as well as a herd of cattle, other livestock and agritourism offerings.
AstraZeneca closes $2M precision med company buy
WILMINGTON — AstraZeneca has recently completed a $2.4 billion deal for a California-based pharmaceutical company that gives the company a boost in next-generation cancer treatments. The deal closed on June 5 and grants AstraZeneca an entry into precision medicine via Fusion Pharmaceuticals Inc. radioconjugates, or a drug that combines...
Chemours moves forward with new chief finance exec.
WILMINGTON — Chemours has named a new chief financial officer five months after the company suspended three top executives after an accounting probe. Shane Hostetter will join the company on July 1, after serving more than a decade with the Pennsylvania-based chemical company Quaker Houghton. At Quaker Houghton, Hostetter has served as the chief financial officer since April 2021 but spent 13 years with the company in various leadership roles such as vice president of finance, chief accounting officer and global controller.
VIEWPOINT: Delaware Must Create a Veteran-Centered Support System
Ensuring that those who have served our country in the military receive the care and opportunities they have earned should be a top priority at every level of government. Unfortunately, the current systems employed by the Department of Veterans Affairs (VA) for providing healthcare and benefits currently face a number of issues.
New Delmarva Corrugated workforce partnership thinks out-of-the-box
DOVER — Don’t call it a ribbon cutting, call it “reopening the box.”. Delmarva Corrugated Packaging in Dover announced on Friday a new partnership with Autism Delaware to help fill some of the open positions the “super plant” has worked to fill in the three years it’s been open for business.
Asbury Square sees development, growth in Frederica
FREDERICA — Asbury Square in Frederica continues development across the highway from the popular DE Turf with the opening of Empire Wine & Spirits on Friday. The long-time vacant stretch of highway saw the opening of Marriott’s 86-room SpringHill Suites last August. Next door, Asbury Square owners saw even more opportunity for economic growth with plans for pad-sites and inline retail options, along with the grand opening of Rishi Sharma and Sukhpal Singh’s second Empire Wine & Spirits location, an expansion from Middletown into Kent County.
People on the Move: June 7
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. Kathy Tregear, RN, BSN, MSN, MBA, JD, NEA-BC, has been named the new chief nursing executive at Beebe...
Wilmington office vacancy rates buoyed by state gov. buy
WILMINGTON — Despite the state buying One Custom House and taking a largely-empty building off the market, vacancy rates in Wilmington’s central business district have risen. Still, analysts see some warning signs for northern Delaware’s office space. Earlier this year, Delaware officials finalized the purchase of 704...
VIEWPOINT: Wilmington Councilman DiPinto remembered
Where have you gone Joe DiPinto? You were the standard of an era that is sorely missed: Lifetime employee of the DuPont Company. An elected official who believed in service above strife. Internationalist but proud Italian American. Devoted husband and family man. Kind friend to all he met. Joe DiPinto,...
First State Innovation: Growing the Entrepreneurial Economy
First State Innovation (FSI) has been proud to support Delaware’s and the surrounding region’s entrepreneurial economy for the past 15 years. When FSI was formed in 2006, there was little interest in the entrepreneurial economy and FSI played an important role in highlighting the importance of the entrepreneurial. As a result, since then, the general awareness of entrepreneurism in Delaware has grown dramatically and many initiatives are now underway to help grow the entrepreneurial economy. This has led to an impressive increase in entrepreneurial activity in Delaware and the surrounding region.
DESCA: A Major Catalyst in the Innovation Ecosystem
DESCA was formed in 2010 to enable Delaware to become a globally recognized center of excellence in the chemical sciences by building upon the state’s strong existing foundation of chemistry and materials science within the region. Over the years, DESCA executed and expanded on its strategy, focusing on bringing together the stakeholders necessary to build a sustainable future that combines innovation, economic development and building a STEM talent pipeline.
Delaware Business Roundtable: Dedicated to Driving Economic Growth
The Delaware Business Roundtable is a non-partisan, volunteer consortium of CEOs whose companies collectively employ more than 75,000 people in Delaware. Since its inception in 1981, the Roundtable’s broad mission has been to enhance the quality of life in Delaware by promoting commerce, job creation and select public policy issues. In recent years, the Roundtable also has been a leading supporter of public education transformation and entrepreneurs in Delaware.
Delaware State Chamber of Commerce: Connecting People, Solving Problems
Founded in 1837, the Delaware State Chamber of Commerce (DSCC) has a long history as the largest, most influential business organization in the state. “We are a unified voice for business,” says DSCC President Michael Quaranta. “Our goal is to help create an economic environment that encourages growth, competitiveness and stability for all businesses.” Put simply, the State Chamber is uniquely positioned to bring people together to solve problems, create jobs, promote business and improve the quality of life for all Delawareans.
Delaware Technology Park: A Hand Up for Early-Stage Companies
The Delaware Technology Park (DTP) is a recognized leading East Coast nonprofit research park. DTP serves development-stage life science, information technology, advanced materials, fintech and renewable energy companies, providing them with access to the resources and connections needed to drive and accelerate their economic success. DTP’s mission is to stimulate...
Delaware Prosperity Partnership: Helping Businesses Grow and Innovation Thrive
Delaware Prosperity Partnership (DPP) leads Delaware’s efforts to attract, grow and retain businesses and support employers in place-marketing Delaware to potential employees. DPP also plays a key role in helping Delaware build a stronger entrepreneurial and innovation ecosystem. The DPP team collaborates with partners throughout the state, including economic...
Federal Tech Hub Designation to Bring Influx of Funds for Innovation
Delaware’s already established reputation as a center of technology innovation received a big boost the past October. That’s when the U.S. Department of Commerce’s Economic Development Administration (EDA) Tech Hubs program, an effort by the federal government to help regions other than Silicon Valley and Boston become global competitors as the U.S. expands into high-tech manufacturing, designated the Greater Philadelphia Region Precision Medicine Tech Hub — a region that includes the First State.
VIEWPOINT: Failure to Report an Act of Embezzlement at the Department of Labor’s Division of Unemployment Insurance
The Delaware Coalition for Open Government (DelCOG) – a nonprofit organization that promotes transparency and accountability in government – is filing a request to the Delaware General Assembly to investigate the failure by state officials responsible for reporting the act of embezzlement in excess of $180,000 from the Delaware Department of Labor’s Division of Unemployment Insurance.
Where does Delaware fit with the regional precision medicine hub
Delaware was again recognized as a leader in the growing field of precision medicine after an announcement last October featured multiple Delaware institutions which would become active partners in the Greater Philadelphia Region Precision Medicine Tech Hub. The hub is a federally sponsored venture to leverage the area’s life sciences assets, research and development expertise.
Amid union efforts, ChristianaCare parts ways with two execs
WILMINGTON — Amid recent unionization efforts, ChristianaCare has parted ways with two executives who oversee the primary-care physician and specialty-care practices across its network that spans three states. ChristianaCare officials confirmed to the Delaware Business Times that ChristianaCare Medical Group President Lisa Maxwell and Chief Medical Officer Roger Kerzner...
UD starts work for rising SABRE Center
NEWARK — Work is underway at a $150 million manufacturing center, marking a new chapter of the next National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL) Center. University officials, dignitaries and others broke ground in late April on the future SABRE Center, which is an acronym for Securing American...
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