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Delaware Business Times
Former Discover office bought as out-of-state investment
NEW CASTLE — In an effort to diversify its portfolio, WoodmenLife has acquired the former Discover Financial Services office in the New Castle Corporate Commons for an undisclosed amount. WoodmenLife, a not-for-profit benefit society based out of Nebraska, acquired the building at 12 Reads Way as part of its...
Delaware unemployment report meets national average
DOVER – Delaware’s unemployment rate now matches the United States’ average, with hundreds of jobs added back to the market in the last month, according to state officials. April saw a gain of 2,100 jobs and the loss of 700 jobseekers in the labor force, according to...
People on the Move: May 17
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. William Lenihan, AIA, NCARB has been named a member of the U.S. Commission of Fine Arts. Lenihan is...
Longwood Foundation plans $57 million higher education complex
WILMINGTON — The Longwood Foundation has a bold vision for the final Bank of America building in the Bracebridge complex, turning the 240,000 square-foot building into a $57 million higher education center to draw in 2,000 more people to the heart of Wilmington. With hopes of opening in fall...
Kent County to seek lodging tax
DOVER — Kent County Commissioners are looking to level the revenue generating playing field by asking legislators to approve Senate Bill 288 and their ability to create a lodging tax. While New Castle and Sussex Counties have gained from a lodging tax in recent years, Kent County lags behind...
DE222 Honoree: Bill Holloway
Alma Mater: Pennsylvania State University, Georgetown University. Boards: National Institute of Building Sciences, Del-Mar-Va Council of the Boy Scouts of America, New Castle County Chamber of Commerce, Easterseals of Delaware and Maryland’s Eastern Shore. Q&A: Favorite thing about Delaware? “Delaware’s ocean beaches!”. Bill Holloway has had a...
VIEWPOINT: Delaware Teachers Deserve Continuous Appreciation
Each May during National Teacher Appreciation Week, Delaware takes a moment to honor and celebrate the incredible contributions of educators across the state. Businesses offer teacher specials. School administrations and parent teacher organizations provide lunches. Students and families show their thanks with notes or small gifts. Elected leaders recognize the profession. All aim to honor the profound impact educators have on shaping our students and their future. The truth is our teachers deserve a high level of appreciation all year long.
DE222 Honoree: Thomas J. Hanna
Thomas “T.J.” Hanna teamed with partner E. Thomas Harvey III in 1997 to build Harvey Hanna & Associates from a boutique real estate development firm into one of the major firms of Delaware. Hanna has overseen development and management of more than 6 million square feet of commercial space in the mid-Atlantic region and hundreds of millions of dollars in financing and sales. He was instrumental in converting the former GM Boxwood plant into a site that today boasts one of the largest Amazon facilities in the country. In 2008, Hanna also established the Delaware KIDS Fund, a charitable organization designed to assist local area kids in distressed situations.
Carl M. Freeman Foundation awards $105K grants to local nonprofits
SELBYVILLE – The Carl M. Freeman Foundation awards $105,000 in grants to 13 Sussex County nonprofit organizations and schools through the FACES (Freeman Foundation Assists Communities with Extra Support) Grant Program. The FACES program supports small organizations located in Sussex County that provide grassroots services to the community. The...
Competition fierce for Sports Tourism fund grants
DOVER — The Sports Tourism Capital Investment Fund Review Panel is considering 18 applicants to receive a portion of the $12 million in the newly-created fund targeted for projects that attract out-of-state visitors to Delaware. The fund was established to provide developers or partners involved in these venues the...
Kendal Corp. welcomes Byrd as new CEO
NEWARK — Kendal Corp., a national support organization for a network of senior living centers, has a new CEO as it continues to explore new innovations from its headquarters based out of the University of Delaware STAR Campus. Vassar Byrd has been at the helm of the company since...
By the numbers: A deeper look at health care spending in Delaware
DOVER— As Delaware’s health care spending continues to increase, legislators and industry leaders are taking a stand to make a change with what has become a very controversial debate. This week, legislators and hospital executives reached a deal on House Bill 350, which would create the seven-member Diamond...
Delaware EARNS sees first employer participants
DOVER — Employees in several private-sector businesses will now have a brighter future ahead of them thanks to the new Delaware EARNS retirement savings program. House Bill 205 required Delaware employers with five or more employees, regardless of full-time or part-time status, to provide a retirement plan option whether private or through the state-led Delaware EARNS effort.
Solenis named best managed company, fourth consecutive year
WILMINGTON — Solenis, a chemical manufacturing company, has been named as a recipient of the 2024 Best Managed Company award, achieving Gold Standard status. Sponsored by Deloitte Private, an international financial firm, and The Wall Street Journal, recognizes the accomplishments of U.S. private companies and leadership demonstrated by their management teams. Solenis has received this award for the fourth consecutive year.
DE222 Honoree: Michelle Freeman
Workplace: Carl M. Freeman Companies / Carl M. Freeman Foundation / Joshua M. Freeman Foundation. Boards: Venture Philanthropy Partners, Georgetown University Entrepreneurship Advisory Group, James Beard Foundation. Q&A: Best advice for your younger self? “Release worry and fear. All things work together for good.”. Michelle (DiFebo) Freeman is the...
DE222 Honoree: E. Thomas Harvey III
Boards: American Heart Association, Delaware Chapter. E. Thomas “Thom” Harvey III had a long, successful career building a solid waste hauling and recycling firm when he decided to partner with T.J. Hanna to form the commercial real estate development firm Harvey Hanna & Associates in 1997. Since then, they’ve redeveloped four prominent business campuses and industrial parks, expanded into retail centers and developed a successful hotel affiliate, TKo Hospitality. Outside of the fi rm, Harvey is a philanthropist, having donated $1.3 million to the American Heart Association to fund more resources, educate the public, and operate new programs.
Scott + Scott opens new office in downtown Wilmington
The firm handles complex litigation matters with a large institutional buying base that represents stockholders that may take issue with a corporate transaction or other consumer and antitrust matters. Scott + Scott has offices in New York, Connecticut, Virginia, Arizona, Ohio, Nebraska, Texas and California, as well as London, Amsterdam and Berlin.
VIEWPOINT: My Journey to Championing Financial Literacy Education in Delaware
As a retired optometrist, military medical commander, industry consultant, and state legislator, my life has been guided by a simple principle: solve problems and take action to help others. This guiding ethos led me down varied pathways, from serving in the military to advocating for financial literacy in Delaware schools. It’s a journey that has shaped my perspective and fueled my passion for making a difference in the lives of others.
Payroll Vault opens in Rehoboth Beach
REHOBOTH BEACH — Justin Russell is hoping to fill a void for small business owners in Sussex County through his new franchise – Payroll Vault. “Payroll services are typically something that small to medium-size businesses overlook or struggle with versus a larger corporation that has the software or ability to hire someone specifically for that role,” Russell told the Delaware Business Times. “As a small business owner, if you’re not outsourcing a partner in payroll, you’re usually spending a lot of time doing it yourself.”
Hospital leaders, legislators agree on hospital spending bill in Delaware
DOVER — Health care leaders and legislators have reached a compromise on a bill that seeks to regulate hospital spending in the First State after months of divisive debate. Delaware Healthcare Association (DHA) President and CEO Brian Frazee released a public letter of support to the General Assembly Monday afternoon, stating that the DHA now “stands neutral on HB 350 and will no longer actively oppose the bill at this time.”
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