Financial technology (fintech) is a huge part of Delaware’s economy and has the potential to grow even larger, a new report says. The financial services sector employs more than 37,000 people in Delaware at companies ranging from JPMorgan Chase to PayPal, Fair Square Financial and Marlette Funding. Fintech, which the U.S. Government Accounting Office defines as “the use […]
Prelude Therapeutics, a Wilmington-based, clinical-stage pharmaceutical company, raised $60 million in a recently closed Series B funding round, the company announced. The $60 million raised brings to $90 million the amount the company has raised to date, Prelude Therapeutics said in a press release. Prelude Therapeutics develops small molecule drugs that target the growth of cancer cells. The […]
In case you missed it, the News Journal recently ran an op-ed from Gov. John Carney discussing the benefits of the new EDGE Grant program for small businesses and how the program came to be. Here’s the text of the Governor’s op-ed: On a recent visit to AgroLab in Harrington, I watched robots test soil samples while […]
Companies are creating more than 330 new jobs in Delaware after the Council on Development Finance at its recent meetings recommended approval of multiple grants from the Delaware Strategic Fund. In April CDF recommended approving a $1.2 million Strategic Fund grant to Nationwide Healthcare Services, LLC, which is developing a healthcare complex on the former […]
As part of Small Business Week (May 5-11), the Division of Small Business held a workshop on how small business owners can use Google to grow their online presence and increase revenue. About thirty small business owners attended the event at Del Tech’s Terry Campus in Dover. Online marketing expert Kim Palmer, of Miles Partnership, […]
First Founders Accelerator, a 12-week program that trains entrepreneurs of color and people from underrepresented communities how to build a business, graduated its first class recently. The program is a collaboration between New Castle County Office of Economic Development, the Emerging Enterprise Center at New Castle County Chamber of Commerce, co-working space 1313 Innovation and Wilmington-based entrepreneur Garry […]
A Feb. 2018 survey of almost 3,000 business owners found most are optimistic about how they expect their business will do in 2019.| Seventy seven percent of owners of businesses in existence five years or more said they expect to increase profits this year, according to the Ewing Marion Kauffman Foundation report, “Breaking Barriers: The […]
Southern Delaware has a new tool in its economic development arsenal. ExciteSussex now gives small business owners free access to market data and demographic information useful in starting or growing a business. The Sussex County Office of Economic Development added SizeUp’s Local Business Intelligence database to the ExciteSussex website, to increase the odds of small […]
Downtown Wilmington small businesses will offer special promotions during Made on Market, which runs June 22-30. The specials include the $2 German Chocolate latte at LOMA Coffee, $7 Wilmington Destroyer burger at Chelsea Tavern and buy-one-get-one admission to the Delaware History Museum. Click here for more information about retailers and restaurants participating in Made on Market. […]
A new apprenticeship program will train cooks to work in the restaurant industry by providing them with on-the-job training and classroom instruction. The program, which launched this week with an announcement at Bluecoast Seafood Grill & Raw Bar in Rehoboth Beach, is a partnership between the Delaware Restaurant Association and the Delaware Department of Labor. The […]