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Delaware Business Times
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...
University of Delaware Board approves tuition increase
— University of Delaware students may see an increase in tuition for the upcoming school year. UD’s Board of Trustees approved the hike in May, signifying a potential rise in-state undergraduate tuition per semester by no more than 4%, along with the same increase for room and board costs.
DE222 Honoree: Kurt Foreman
Alma Maters: Franklin and Marshall College, Wake Forest University. Boards: Delaware Workforce Development Board, Fort Dupont Redevelopment & Preservation Corporation, Franklin and Marshall College Alumni Association Board. Q&A: Favorite thing about Delaware? “The genuine distinctiveness and variety of our many communities and the welcoming spirit of our residents.”. In...
DE222 Honoree: Mike Bowman
Boards: Delaware BioScience Association, America’s Small Business Development Center. Q&A: What’s something interesting about you that isn’t on your resume? “Love and practice of architecture.”. The Delaware Technology Park is a complex of five buildings just east of the University of Delaware’s STAR Campus that has...
DE222 Honoree: Alysee Bortolotto
Title: Director of Economic Development and Business Incubation. Workplace: New Castle County Chamber of Commerce’s Emerging Enterprise Center. Q&A: What was your first job? “My first full-time job was the website editor for Ms. Magazine that was famously launched by American feminist Gloria Steinem that began a national movement which was owned by the Feminist Majority Foundation. Through this experience, I was able to work alongside icons while learning: new digital channels and how to code, how to campaign through multiple platforms, and walked away with a deeper understanding of political lobbying and advocacy.”
DE222 Honoree: Tripp Way
Q&A: What’s something interesting about you that isn’t on your resume? “I was a White House Intern in the presidential scheduling office.”. Since its founding in 2012, DSM Commercial has become a leader in Delaware and the surrounding region with an all-inclusive suite of commercial real estate services such as brokerage, construction, property management and maintenance and real estate development. The firm has more than 150 years of experience and has worked with projects like industrial parks to office buildings to everything in between. As partner, Tripp Way’s responsibilities include tenant and landlord representation and investment property analysis and sales. Previously, Way worked as a commercial real estate appraiser and served as Senior Consultant to the Herman/Turner Group, as a consultant with Capital Valuation Group and was a partner at Emory Hill Real Estate Services.
DE222 Honoree: Dennis Silicato
Boards: International Council of Shopping Centers, Delaware’s County Bank Executive Committee. Dennis Silicato has 40 years of experience in commercial real estate and development, with regional shopping centers, residential projects, industrial complexes and power centers, among other projects. Among notable projects throughout the years include the rising 10th Street Centre off Delaware Route 1 outside Milford, the Four Seasons Plaza in Glasgow and the River Park Plaza in Salisbury, Md. Silicato Development has invested in southern Delaware properties with tenants like Grotto Pizza, Surf Bagel, Beebe Healthcare and more. Silicato has developed long-standing relationships with national and local corporations and retailers through his skills in executing large scale land deals and transitions.
DE222 Honoree: Jamie Vari
Workplace: Jones Lang LaSalle (JLL) Boards: ABC Delaware, Delaware State Chamber of Commerce, University of Delaware, Kent Sussex Leadership Alliance, WSFS Southern Delaware Advisory Board, Easterseals Delaware and Maryland’s Eastern Shore Advisory Board. Q&A: What was your first job? “Dishwasher at a retirement community called Cokesbury Village.”. As...
DNREC to offer lecture for shoreline homeowners
BETHANY BEACH – The Delaware Department of Natural Resources and Environmental Control is targeting erosion and the impacts of sea levels rising by offering a free lecture to introduce property owners to living shorelines in Delaware on Thursday, June 13. The hour-long lecture will take place at the South...
Pettinaro selects BPG to manage residential portfolio
WILMINGTON — Buccini/Pollin Group (BPG), a leading commercial real estate developer in northern Delaware, has signed a deal with Pettinaro Management to manage Pettinaro’s vast portfolio of residential properties. Pettinaro Companies is also a titan in Delaware commercial real estate, complete with construction, design and management arms. Its residential portfolio included 11 properties with a.
Leadership Delaware contracts with Placers for executive search
WILMINGTON — Leadership Delaware Inc. has contracted with recruitment agency Placers to aid in the search for its next executive as CEO Jennifer Cohan will depart by the end of the year. Placers and Leadership Delaware are both advertising the position through their respective channels, although Placers is also...
EDITORIAL: Carney’s final days in office offer some surprises
Gov. John Carney has been having a dynamic final year in office. From the casual observer of Delaware politics, most of the drama has been focused on the General Assembly and its changing leadership with House Speaker Valerine Longhurst’s first official session at the dais. In addition, the Democratic Party saw more young and diverse.
Incyte closes $750 M deal for Escient Pharmaceuticals
WILMINGTON — Incyte Corp. has completed the $750 million acquisition of San Diego-based Escient Pharmaceuticals, granting the Wilmington company yet another addition to its growing portfolio this year. The deal grants Incyte access to Escient’s small molecular therapeutics targeting neurosensory inflammatory disorders. Specifically, there are two drug candidates that...
Biosecure Act raises questions for burgeoning biotech sector
WASHINGTON D.C. — A bill making its way through Congress that takes aim at selecting Chinese biotech firms and blocking them from doing business in the United States has quietly raised concerns among Delaware’s biotech industry. The Biosecure Act was released from the House Committee on Oversight and Accountability on May 15. Specifically, the bill.
Milford sees industrial growth at Masten Circle
MILFORD — A little over 100,000 square feet of flex office and storage space between two buildings is in the works for Masten Circle near Airport and Canterbury (Route 15) roads in Milford. The preliminary site plan for the 9.66-acre project, owned by James Grant of PUGS2, LLC., was...
Remember One Important Thing on this Independence Day
Light up the charcoal, throw on your swim trunks, crack a cold brew or seltzer. Maybe even set up those bottle rockets if you’re below the legal limit. It’s Independence Day—enjoy it. Is it cliche to request that you also take a moment to remember what Independence...
Mitchell Awards returns to honor those catalyzing change
The Delaware Business Times is pleased to announce the return of the Mitchell Awards to honor and celebrate those who demonstrate leadership and advocacy in building bridges in the First State. Applications are now being accepted for the Mitchell Awards, named for the late Delaware civil rights pioneers Littleton and...
VIEWPOINT: How I’m bringing Democrats and Republicans together to fix our broken supply chains
Four years ago, the COVID-19 pandemic shut down life as we knew it. Parents were desperately scrambling to find baby formula as grocery shelves went bare. Millions of hardworking Americans were suddenly out of their steady, good-paying jobs. And when we needed it the most, personal protective equipment was practically impossible to find. As a member of the Energy and Commerce Health Subcommittee, I was made acutely aware of these challenges when it came to drug shortages prior to the pandemic.
People on the Move: May 31
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. The Delaware Center for Horticulture (DCH) named Joanne McGeoch the executive director. McGeoch has more than two decades...
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