The U.S. Small Business Administration, Delaware regional office,  issued the following press release: Shopping Small® Finds New Footing this Holiday Season Last year, American consumers spent $19.6 billion at independent retailers and restaurants on Small Business Saturday. Behind that total spend were a 3 million year-over-year increase in number of consumers participating in Small Business Saturday and […]

From Delaware Prosperity Partnership: Underrepresented Founders of Early-stage, Tech-enabled Companies Will Compete in Revamped Startup 302 Funding Competition Startup 302 Participants will vie for more than $150K along with Mentoring and Connections WILMINGTON, Del.  — Only 1 percent of all venture capital-funded founders are Black, less than half of 1 percent are Latinx and only 8 […]

New Castle County and the Committee of 100 announced a new program Wednesday offering grants of up to $5,000 to restaurants in New Castle County to purchase equipment so they can continue offering outdoor dining once the weather turns cold. Restaurants will be able to spend the Winter Ready Restaurant Grant on items such as […]

Businesses that received small loans under the federal Paycheck Protection Program will have an easier time having those loans forgiven under new rules announced Thursday. The U.S. Small Business Administration, in consultation with the Treasury Department, unveiled a simpler application for businesses seeking not to have to repay PPP loans of $50,000 or less. U.S. […]

Delaware is about to add to the roster of publicly traded companies headquartered here. The latest is a Wilmington cancer drug company helped in its early years by two grants from the Delaware Strategic Fund. Prelude Therapeutics Inc. is planning an initial public offering of as much as $100 million in stock, according to its […]

WSFS Bank and Delmarva Power are each making donations to support small businesses in Delaware, the companies announced this week. WSFS is donating a total of $200,000 to four organizations in the region including Wilmington-based True Access Capital, a nonprofit lender which runs the Women’s Business Center, among other small business programs. Delmarva Power announced […]

Delaware entered Phase 2 of the state’s economic reopening on Monday, enabling businesses like restaurants and retail shops to increase their indoor capacity. As Delaware businesses look to adapt to new ways of doing things, the SmallBusinessTrends website pulled together suggestions from various blogs about moves business owners may wish to consider. From increasing spending […]

A new program that starts on Friday will make it easier than ever to shop and dine in downtown Wilmington. Free valet parking will be offered at three intersections on Market Street — 5th, 7th and 9th streets – and parking spaces will be designated for curbside pickup from downtown restaurants and shops, as part […]

The federal Paycheck Protection Program Flexibility Act, which was signed into law June 5, makes several significant changes to the program designed to make it easier for businesses to have at least a portion of the loan forgiven. Under the new law, businesses need to spend at least 60 percent of the loan on payroll, […]

This is a news release issued by Barclays US Consumer Bank Nonprofit organizations in Delaware, Nevada and Ohio are latest to receive funds from the global $125 million Barclays’ COVID-19 Community Aid Package May 26, 2020 11:11 AM Eastern Daylight Time This is a news release issued by Barclays US Consumer Bank WILMINGTON, Del.–(BUSINESS WIRE)–Barclays […]