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Delaware Business Times
Incyte signs drug development deal with Chinese firm
WILMINGTON — Incyte signed a new collaboration and license agreement with a Chinese firm on a new treatment, setting its eyes on the international market. The deal with China Medical System Holdings Limited (CMS), a Shanghai-based investment company that produces and markets pharmaceutical products, is for the development and commercialization of povorcitinib, which is an oral drug that targets and blocks JAK1 enzymes linked with cancer, inflammation and other diseases.
DE222 Honoree: Mark Hutton
Alma Maters: Salisbury University, University of Delaware, University of Michigan. Boards: Delaware State Chamber of Commerce, The Partnership, Inc., The Delaware State University College of Business, The Children’s Beach House, St. John the Beloved. Q&A: Favorite thing about Delaware? “My favorite thing about Delaware is the connectivity and cooperation...
Harvey Hanna signs PODS to New Castle industrial park
NEW CASTLE — A new building along the Interstate 95 corridor has come online this spring and it has already landed a tenant. PODS, or Portable On Demand Storage, is a moving and storage company that has signed a lease for 130,000 square feet of space at the newly built Delaware River Industrial Park. The latest project by Harvey, Hanna & Associates is planned for 45 acres of industrial land facing the Delaware River and within half a mile of interchanges.
McDonald: DAFB’s local contributions comes to $847M grand total
GEORGETOWN — Innovation and economic drivers were on Dover Air Force Base Commander Col. William C. McDonald’s mind as he addressed the Georgetown Chamber of Commerce during its economic development luncheon Wednesday. After a brief historical overview of Delaware’s only active military base, McDonald highlighted its local impact. “It comes to a grand total of.
Subity promoted to Marnie Custom Homes co-owner
BETHANY BEACH — Growth at Marnie Custom Homes is what has kept Jon Subity engaged in his various roles in the company over the years and it’s exactly what brought him his new role – co-owner. The 2022 NAHB Custom Home Builder of the Year announced Subity’s promotion on April 1. President and Co-owner Marnie.
Delaware beach chef named state’s first Beard finalist
FENWICK ISLAND — For the first time, Delaware has a chef in the final round of the James Beard Foundation Awards. One Coastal executive chef and owner Matt Kern is one of 60 chefs around the nation up for the prestigious culinary award. “I can’t believe this is happening,”...
Inside Downtown Dover’s bet for rebirth
On the other side of downtown Dover from where Kristin Stonesifer serves coffee to a growing number of patrons, a demolition site will soon become an emblem of what she and many others hope will finally be a resurgence of Delaware’s capital city. Those behind the scenes of Dover’s redevelopment efforts say it's the far.
Editorial: Transportation drives and connects our economy
When I drive through my hometown to run errands or drop off my daughter at day care, it seems there’s always a pot hole I have to dodge. And a crack here and there. It seems small in the grand scheme of my daily life. But these days as I drive around Middletown and arrive.
DE222 Honoree: Tom Horne
Workplace: JPMorgan Chase & Co. Boards: University of Delaware President’s Leadership Council, Delaware State Chamber of Commerce, Delaware Business Roundtable, Delaware State University Foundation Board, University of Delaware Lerner Business College Advisory Board, William Penn High School Graduation Advisory Board, EasterSeals Advisory Board, Big Brothers Big Sisters Board of Directors.
Beebe breaks ground on family medical residency clinic
MILLSBORO — As Sussex County continues to grow faster than the rest of Delaware, Beebe Healthcare hopes to address those needs by breaking ground on a new clinic at its Long Neck Health Center Thursday, March 21. The new clinic, funded in part by community donations and a $1 million grant from Highmark Blue Cross.
WSFS Cares to donate $250K to Delaware organizations
WILMINGTON – The WSFS CARES Foundation, the charitable arm of WSFS Bank, announced it will donate $150,000 to Delaware Prosperity Partnership and $100,000 to the Wilmington Neighborhood Conservancy Land Bank over the next three years. “The mission of the WSFS CARES Foundation is to support nonprofits that are invested...
DE222 Honoree: David Gillan
Alma Maters: University of Delaware, Stonier Graduate School of Banking. David Gillan has led the Rehoboth Beach-based County Bank since 2011. He worked his way up the community bank’s hierarchy, starting as a loan officer at its founding in 1990, and has spent nearly 40 years in the banking industry. Today, County Bank is the third largest bank serving Delaware that is also headquartered in the state. Gillan’s leadership has led to appointments on the Federal Reserve of Philadelphia’s advisory council and on the Delaware Economic and Financial Advisory Committee, which formulates the state’s revenue projections. He also oversaw a rebranding of the bank in 2021.
Baltimore port closure is slight snag for Delaware farms
WILMINGTON — Delaware farms and others across the nation have been contending with a setback in receiving fertilizer and machinery and getting key crop exports out after the Port of Baltimore closed for a week while crews worked to remove pieces of the debris. The Port of Baltimore ranks among the top ports for soybean.
Meyer files to run for Delaware governor
WILMINGTON — New Castle County Executive Matt Meyer made it official and filed as a candidate in the gubernatorial race in Delaware last week. Meyer was the first candidate to declare he was entering the race in June, and started the race with more than $1 million in campaign funding. The New Castle County executive was joined by supporters and his wife, Dr. Lauren Meyer, and their newborn son on March 27 as he signed the candidacy paperwork.
DSU, Charles Schwab unveil new Financial Literacy Institute
DOVER — Only 45% of Delaware residents are financially literate, according to Delaware State University’s Dr. Michael Casson. DSU hopes to drive that number drastically up with the new Charles Shwab Financial Literacy Institute at the state’s only historically Black university. A rolling stock ticker and newly...
Bayhealth Sussex moves to start construction on new child care facility
MILFORD — Bayhealth employees at the Sussex Campus will soon have more support as plans for a new child care facility start to bloom. Bayhealth currently operates a child care center at the Kent Campus in Dover, consistently filling its 70 available spots and maintaining a waiting list of more than 150 children. Some of those on the waiting list are from the Milford area and will greatly benefit from a closer facility, according to Bayhealth Senior Vice President and Chief Human Resources Office Darlene Stone.
Freight, shipping challenges expected after Baltimore bridge collapse
WILMINGTON — While cranes were lifting a 200-ton section of the Francis Scott Key Bridge out of the Patapsco River in Maryland on Sunday, Trinity Logistics down in southern Delaware was still fielding a slow trickle of calls from prospective customers. “Around mid-day, we were hearing from shippers and receivers that typically would use the.
DE222 Honoree: Vandell Hampton, Jr.
Alma Maters: Delaware State University, Wilmington University. Boards: NU Friendship Outreach; African American Alliance of CDFI CEOs, Woodlawn Trustees, Wilmington Neighborhood Conservancy Land Bank, Regional Foundation. Q&A: What was your first job? “Burger King (I last two weeks).”. As president CEO of True Access Capital, Vandell Hampton Jr. leads...
VIEWPOINT: Debunking Arguments Against House Bill 203: A Wealth of Resources for Educators
As a life-long Delawarean and long-time advocate of financial literacy, I’ve been disheartened to see opposition to House Bill 203. The primary concern? The purported financial impact of implementing a personal finance curriculum in our schools. But let’s take a closer look at the arguments. Some think that...
ILC Dover bought by public company for $2.3B
NEWARK — ILC Dover, a specialized engineering development and manufacturing company, was sold to a rapidly growing industrial company for $2.3 billion earlier this week. Ingersoll Rand Inc., a public company based in North Carolina that invests in diversified machinery, also paid ILC Dover parent company New Mountain Capital an earnout tied to the company’s.
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