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Delaware Business Times
People on the Move: Mar. 22
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. Melissa Morgan-Gouveia, M.D., director of Geriatric Education in ChristianaCare’s Department of Medicine, has been named the House Call...
Chemours, partners awarded $60M in fed hydrogen projects
WILMINGTON — Out of 52 projects across 24 states, Chemours and a handful of other Delaware institutions were among the few to be awarded a piece of the $750 million in funding to tap into the growing economy around producing and distributing green hydrogen gas. In total, institutions like University of Delaware and Delaware State.
Former DNREC Secretary O’Mara to run for governor
WILMINGTON — It’s official. Collin O’Mara, a former Delaware Secretary of Natural Resources and Environmental Control and current CEO of the National Wildlife Federation (NWF) is running for governor. O’Mara officially launched his campaign on March 13, solidifying a three-way race at this point. He will face...
Pa.-based franchisee buys land next to Bear Lidl
BEAR — Land next to the northern Delaware Lidl was recently acquired by a Pennsylvania-based franchisee looking to add another Taco Bell to its portfolio. The Summerwood Corporation bought less than an acre of land adjacent to the Lidl on U.S. Route 40 for $2.1 million on March 15. Plans are already filed with New.
DE222 Honoree: Eric Kmiec
Title: Executive Director & Chief Scientific Officer. Workplace: ChristianaCare Gene Editing Institute & CorriXR Therapeutics. Alma Maters: Rutgers University, Southern Illinois University, University of Florida School of Medicine. Boards: Philadelphia-Israel Chamber of Commerce, Gene & Genome Editing. Q&A: Best advice for your younger self? “Be more patient and think through...
Sussex County donates $750K to Food Bank of Delaware
GEORGETOWN – The Food Bank of Delaware received $750,000 from Sussex County for food purchases, utilizing funds provided by the American Rescue Plan Act. Sussex County received $45.5 million in federal assistance aimed at COVID-19 pandemic recovery, and the County has since earmarked that funding for a variety of initiatives, including public safety, affordable housing, wastewater infrastructure, low-income services, and other qualifying efforts.
New Castle County Corridor Revitalization Fund application opens
WILMINGTON – True Access Capital (TAC), the Claymont Renaissance Development Corporation, and the New Castle County Government have announced applications for the New Castle County Corridor Revitalization Fund are open. This fund is aimed at supporting business owners situated within three designated commercial corridors in New Castle County. Eligible applicants can apply for grants of up to $10,000 from this fund to aid in the revitalization of these areas.
DE222 Honoree: Hervé Hoppenot
Q&A: Favorite thing about Delaware? “Incyte has called Delaware home for over 20 years, What makes Delaware truly unique is its vibrant and diverse business community that – even as it grows – remains tightly knit. Over the years, the Delaware community. Taking the helm of Incyte...
Financial firms are using artificial intelligence. How can Delaware prep its workers?
When it comes to working smarter, Del-One Federal Credit Union President and CEO Dan McCarthy hopes that artificial intelligence, in small doses, can make a difference. In the last five months, the federal credit union has been slowly rolling out AI tools to aid its 81,000 members in securing loans. Their software vendor has provided.
Hispanic chamber of commerce launches in Delaware
WILMINGTON — Gathering the growing might of the Hispanic and Latino community, the Hispanic American Association of Delaware and other community members have launched a new chamber of commerce to help them navigate the challenges of business together. The Delaware Hispanic Chamber of Commerce cut the ribbon on its...
EDITORIAL: Credit debt looms large for Millennials
When I spoke with Bank of America Delaware Market Leader Chip Rossi a few days ago, he told me, "The most important thing is that data will lead us there.” As someone who loves diving into a good report, I couldn’t help but to agree. We were talking briefly about the larger economic picture when.
Study: Women gaining confidence as investors
Women in the U.S. are feeling financially well-prepared for retirement with 99% saying they are taking an “active role” in their financial futures, according to a recent study released by Bryn Mawr Trust, a division of WSFS Bank in Wilmington. Eighty-seven % of the 826 women aged 40 or above of the 826 surveyed with investable assets above $175,000 stated they feel well-prepared through active asset control.
Fintech Accelerator aims to build inclusive future
The Center for Accelerating Financial Equity (CAFE) is helping financial technology companies propel financial wellness for low-to-moderate income communities through its first-ever ten-week Fintech Accelerator Program. Beginning March 25, six fintech businesses will have the opportunity to meet and connect with advisors, speakers, investors, and other representatives from involved “financial...
Schlosser & Associates marks 70 years in business
NEWARK — Schlosser & Associates Mechanical Contractors is celebrating its 70th year in the family business, now with its third generation of leadership in HVAC, plumbing solutions and more. Founded in 1954 as Schlosser Plumbing & Heating by Paul Schlosser Sr., the company first started with plumbing and heating...
DE222 Honoree: Michael Fleming
Alma Maters: University of Delaware, John Hopkins University. Boards: Delaware Technology Park, ChristianaCare’s Gene Editing Institute, Council of State Bioscience Associations. Q&A: Best advice for your younger self? “There will be a new company that comes along in a few years called Appled. Borrow heavily and buy as much...
Bank of America leans in digital age
WILMINGTON – Bank of America, the second largest bank in America, is looking to grow its digital footprint to meet consumers – and Delaware could fit into that picture in the long run. While Bank of America will be moving out of Wilmington and relocating 500 employees to...
DE222 Honoree: Andrew Cottone
A trained chemist, Andrew Cottone co-founded his company Adesis in 2005 and has grown it to a success in the greater Wilmington area. It both innovates chemistry solutions for pharmaceutical clients while also producing enough material to begin manufacturing of finished products. In 2016, Adesis became a wholly-owned subsidiary of the publicly traded Universal Display Corp., and works with the parent company on the development of OLED, or a thin, bendable layer of organic light-emitting diodes that are the foundation for modern TV and computer screens. Outside of Adesis, Cottone has also been recognized for his advocacy behind green hydrogen production, winning the 2023 Reinventing Delaware prize from the Pete du Pont Freedom Foundation for designing an ecosystem that could put Delaware at the forefront of the industry.
Blunt Rochester seeks to strengthen supply chain for manufacturers
NEW CASTLE — In the uncertain days that followed the COVID-19 pandemic, Rep. Lisa Blunt Rochester (D-Del.) was struck by how fragile the country’s supply chain was. It wasn’t just how quickly the United States government burned through its stockpile of personal protection equipment. When the entire world paused for weeks to assess how the.
Carl M. Freeman Companies receives Developer Award by Sussex Conservation District
LEWES – Carl M. Freeman Companies was honored with the 2024 Developer Award by the Sussex Conservation District for their environmentally conscious design planning of Tower Hill in Lewes, Delaware. Tower Hill is the first community in the area to begin meadow installation and seeding during construction phase at this scale. Carl M. Freeman Companies estimates seeding nearly 30 acres of native wildflowers and grasses which is approximately half of the entire open space within the community.
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