New report focuses on Delaware small business lending
A new report from online small business lending platform Lendio shows how Delaware small businesses seeking loans stack up against the rest of the U.S. Delaware borrowers were in business a shorter length of time (6.6 years compared with 7.8 years nationally) but had substantially higher average annual income ($2.2 million compared with about $807,000), […]
10 resolutions small business owners can make to get 2020 off to a good start
You’ve rung in the New Year. Now it’s time to start putting into place some simple steps to make 2020 less stressful and more profitable and fulfilling. The Balance Small Business website offers 10 New Year’s resolutions to make for a better New Year for you and your business. Here are a few of their […]
Zip Code Wilmington and the Division of Small Business Team Up to Assist Delaware Businesses
The following press release was issued by Zip Code Wilmington: Delaware small business owners will have greater access to graduates from Zip Code Wilmington’s computer coding training program thanks to a new partnership between Zip Code Wilmington and the Delaware Division of Small Business. Zip Code Wilmington is now designated as a certified trainer by […]
New report offers suggestions for improving Delaware’s permit process
Delaware business leaders are looking to make the process for permitting new construction projects more efficient. A new report commissioned by the Ready in 6 Coalition makes a number of recommendations, including giving priority to major development projects and improving communication among state agencies. Permitting for some projects can take as long as two years […]
Main Street America and American Express offering grants for innovative independent small retailers
Have an idea for transforming the entire retail industry, or maybe just your store? Main Street America and America Express, the sponsor of Small Business Saturday, are offering grants to forward-thinking small business owners with ideas that could reshape the retail landscape. They are offering 10 grants of $10,000 each as part of the American […]
Delaware to take part in national pilot program to improve business regulations
Small business owners stand to benefit from a new pilot program in which Delaware will be one of only five states to work with the National Governors Association and The Pew Charitable Trusts on developing innovative strategies to improve the state’s business regulatory environment to promote economic growth. Delaware’s effort in the two-year program will […]
UD to open $38M fintech building in 2021
The University of Delaware plans to open a $38 million center for financial technology in 2021, the university announced last week. The six-story, 100,000 square foot building on UD’s STAR Campus in Newark will bring together researchers in the university’s business and engineering schools, as well as offer space for fintech startups. “We’re working hard […]
EDGE winner W7 Energy gets $3.4 million Department of Energy grant
W7 Energy, a Wilmington-based company that is a recipient of a Division of Small Business EDGE Grant, has been awarded $3.4 million from the Department of Energy’s Advanced Research Projects Agency- Energy (ARPA-E) to help with research and bring to market the company’s polymer membranes. The company is developing a membrane for use in fuel […]
Older age an advantage in starting a successful business, study finds
While venture capitalists and the media lavish attention on younger entrepreneurs, like Facebook co-founder Mark Zuckerberg, who founded the social media platform while a student at Harvard, most company founders are considerably older. And seasoned entrepreneurs may actually have an advantage when it comes to starting and growing successful companies, a new study finds. The […]
Small businesses to get a boost from Equitable Wilmington partnership
More loans for small businesses in Wilmington will be available as part of a partnership backed by JPMorgan Chase and a trio of nonprofits. The bank, one of Delaware’s largest employers, is making a $4 million investment in Equitable Wilmington, a collboration with nonprofit lenders Cinnaire Lending, True Access Capital and NCALL Loan Fund, to […]
