Month: April 2016

U.S. Sen. Chris Coons (D-DE), along with senators Cory Gardner (R-CO), and Kirsten Gillibrand (D-NY) have introduced the Support Startup Businesses Act, which would create a pilot program that allows awardees of federal research and development grants to use a portion of that funding to create a startup business. Specifically, the bill authorizes Small Business Innovation…

WSFS Financial Corporation (NASDAQ:WSFS), the parent company of WSFS Bank, announced it has obtained all required approvals to acquire Penn Liberty Financial Corp. (Penn Liberty). Approvals included Penn Liberty shareholder approval, regulatory approval from the Office of the Comptroller of the Currency and Pennsylvania Department of Banking as well as a waiver from the Board…

The Delaware River and Bay Authority (DRBA) conducted an inspection this week of the Delaware Memorial Bridge Twin Span using an Unmanned Aerial System (UAS) or drone. Keystone Aerial Surveys, Inc., based at Northeast Philadelphia Airport, in cooperation with WSP/Parsons Brinckerhoff, utilized an Inspire Pro 1 and Maverik X8 to perform the inspection services for…

Delaware has 26,800 women-owned firms that employ 28,200, according to American Express’ new State of Women-Owned Businesses Report. Nationally, the number of women-owned firms increased by 45% to 11.3 million enterprises, compared to just a 9% increase among all businesses since 2007. In Delaware, women-owned businesses increased 37.8 percent. The number of people employed by…

By Kathy Canavan Thomas K. Casey, a management consultant from Swarthmore, Pa., offered his small-business clients a program on disaster recovery in the early ’90s– until he realized it was a losing battle. “I gave up because most small businesses won’t spend a nickel on it,” Casey said. When the Delaware Small Business Development Center…

Gov. Jack Markell and members of the General Assembly yesterday announced bipartisan legislation to give startups and small businesses access to capital. The bill, which will be filed when the legislature returns to session next week, would permit the use of online crowd funding platforms for Delaware residents to be investors in Delaware startups and small…

DuPont Pioneer, the advanced seed and genetics business of DuPont, and Origin Agritech Limited, a technology-focused crop seed provider, announced a commercial licensing agreement to develop new seed technologies for Chinese farmers. This combined effort will contribute to the modernization of China’s agriculture system and improved food security, which the government has set as priorities.…

The U.S. Senate unanimously passed the Defend Trade Secrets Act Monday, legislation introduced by Senators Chris Coons and Orrin Hatch to help combat the loss of hundreds of billions of dollars each year in the United States to the theft of corporate trade secrets. Trade secrets—such as customer lists, formulas, and manufacturing processes—are the only form…

The national average price of gas has remained above $2 per gallon since March 24, but Delaware prices dipped below $2 last week, according to AAA. “Americans have saved nearly $10 billion on gas during the first three months of 2016 compared to the same period in 2015,” said Jana L. Tidwell, AAA’s manager of…