Category: News Updates

DuPont plans to donate art by Frank Schoonover, Edward Loper and three generations of the Wyeth family to the Delaware Art Museum, the Hagley Museum & Library and the Brandywine River Museum. Additional works will be sold for the benefit of United Way of Delaware. DuPont began to collect art for the Hotel du Pont…

The Delaware Department of Agriculture is accepting applications for up to $300,00 in federal grants. The money comes through the Specialty Crop Block Grant Program, which aims to increase the competitiveness of certain “fruits, vegetables, tree nuts, dried fruits, horticulture, and nursery crops.” The grants, funded through the federal Farm Bill, range between $5,000 and…

The rating agency Standard & Poor’s gave Highmark Inc., the largest health insurer in Delaware, a credit rating bump in its latest review of the company. The health insurer went from “stable” to “positive,” according to the review. Headquartered in Pittsburg, Pennsylvania, Highmark enrolls over 60,000 people in Delaware. “The positive outlook reflects our view…

Becky and Carl Schultz were 60 when they moved to Noble’s Pond, a Dover 55-plus community that bills itself as “Florida of the North.” They found the development on the internet. After several trips, they were sold. No sales tax. The people were friendly. They could live in a beautiful, rural setting just a short…

The Beacon Delaware subgroup will present two separate panel discussions on Thursday that explore the evolution of startups and their various needs at each stage. The evening will include networking and hor d’ourves. Panelists include: Panel 1 Mona Parikh, Moderator, tech community liaison at the University of Delaware’s Horn Program in Entrepreneurship Rita Chang, founder…

Horizon Services’ Mark Aitken says he knew more than 18 months ago that to continue the company’s growth at a clip of 25 percent to 30 percent each year, he and co-owner Dave Geiger would have to change their strategy. “We needed a partner,” said Aitken, of the heating, plumbing and air- conditioning business he…

The Science Center, a Philadelphia-based nonprofit that connects innovation and technology in the region, will honor immigrant entrepreneurs in its Innovators Walk of Fame. The “walk” itself consists of large concrete blocks inscribed with the names of notable entrepreneurs. The Science Center adds new names every other year as part of a biannual contest. Nominees…

WILMINGTON – Wilmington Trust, one of the largest trust banks in the U.S., has been appointed trustee for the $2.7 billion Volkswagen Environmental Mitigation Trust. The bank has handled other large-scale cases, including serving as the initial trustee for the Greece debt-restructuring program and chairing the unsecured creditors committees for the Lehman Brothers and General Motors…

The pharmaceutical company Noramco, headquartered on the Wilmington riverfront, has signed a letter of intent with Teewinot Life Sciences to produce pharmaceutical-grade cannabinoids, the chemical compounds in cannabis flowers and a component of marijuana.  Noramco specializes in producing active pharmaceutical ingredients, or biologically active materials, from controlled substances. The agreement gives Noramco access to Tweewinot’s…