Month: September 2016

Delaware Technical Community College’s Advanced Manufacturing Pathways Program has been awarded the National Council for Workforce Education (NCWE) Program Exemplary Award. Delaware Tech is one of two colleges that received this national award for excellence in a Noncredit Workforce Development Program. The Advanced Manufacturing Pathways Program is a two-year program for Delaware high school juniors…

Equus Capital Partners Ltd., a private equity fund manager, announced the sale of two class-B office spaces for $15.5 million.  Located at 242 and 248 Chapman Road in Newark, the office portfolio, which totals 142,695 square feet, was sold to an affiliate of Rockford Properties. The properties were a combined 100 percent occupied at the time…

WILMINGTON — The Bancorp, a Wilmington company that issues credit cards and services the needs of non-bank financial companies, has signed an agreement with Varo Money Inc., a mobile-only banking start-up, to provide private label banking services. The Bancorp services will support Varo’s mobile checking and savings products, while other companies will provide processing and…

Roy Roper, president and chief executive officer of the Blood Bank of Delmarva (BBD), announced his pending retirement in a message to the staff of the organization. Roper joined the Blood Bank in December 2009 as vice president of administrative services and was named president and CEO in January 2011. In making the announcement to…

Midsized companies are cautiously optimistic about their own business prospects but they are growing more worried about the economic outlook this election year, according to the latest survey from M&T’s commercial banking division. For the first time since 2012’s federal budget battles, the share of middle-market companies that expect the economy to slow is higher…

WILMINGTON — Buccini/Pollin Group has acquired three new properties totaling over 60,000 square feet on Market Street that the company will redevelop into apartments over ground-level retail space. A building at 829 Market St. will be converted by Montchanin Design to house seven open-floor-plan studios and one-bedroom apartments. The ground-floor retail space will house a…

GPSEG sponsors an Economic Impact Roundtable on Sept. 29 and invites attendees to react to economic strategies suggested in a report by the Delaware Business Roundtable. The meeting, moderated by Sam Waltz, founding publisher of Delaware Business Times, a co-sponsor of the event, will discuss some of a consultant’s suggestions to enhance Delaware’s economy. The…

By Kathy Canavan Kent County officials touted what their burgs and businesses have created at the eighth Kent County Annual Economic Summit on Tuesday. They emphasized they are no longer slower, lower Delaware. Instead, Kent County has become a hub with 57 manufacturing companies now in place and 4,752 manufacturing jobs. The average annual wage,…