Category: News Updates

A breakthrough in gene editing and the announcement of a scholarship fund were just some of the highlights of the 2018 Delaware Bio Gala on Thursday, which also featured a “fireside chat” with the leaders of Incyte and Newark-based National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL). More than 300 executives, researchers and scientists from the state’s…

Gov. John Carney on Thursday announced that 25 census tracts in Delaware were designated as Opportunity Zones by the U.S. Department of Treasury. This could mean more private investment in economically-distressed communities around the state. Opportunity Zones encourage private investment by offering tax incentives to investors. Carney nominated the tracts earlier this month. “Strengthening neighborhoods and…

Delaware Business Times is pleased announce the finalists of the 2018 Family-Owned Business Awards. This annual celebration honors multi-generational, family-owned businesses in Delaware for overall excellence, and specialty awards given for innovation, customer service, community service, overall impact and remarkable growth. This year, 30 nominations were reviewed by a judging panel that included members of…

By John Stapleford Guest Columnist The governing board of the Diamond State Port Corp has approved a proposed partnership between international port operator Guiftainer and the state to privatize the Port of Wilmington and develop a new container port at Edgemoor. Supposedly, the $580 million deal could add 5,000 port-related jobs. Gulftainer views Wilmington and…

WSFS Bank on Thursday announced a new leadership team for its network of banking offices in Delaware and Southeastern Pennsylvania. Shari Kruzinski, a long-time employee of the bank, will lead the Bank’s five Retail Regional Managers as senior vice president and director of retail business initiatives. The other hires include: Crissy Kelly Bowden has been…

The devil is in the proverbial details, but, at first glance, the “privatization” of the Port of Wilmington with its redevelopment by UAE-based Gulftainer seems like a good deal for Delawareans. More questions have come to me about this deal in the last two weeks than almost anything in recent memory. And the declines in…

The Delaware Department of State on Thursday reported a drop in the number prescriptions for opioid medications and the total quantity of opioids dispensed in the last 12 months. The agency attributes the drop to a series of new regulations and a concerted effort by officials to crack down on the problem. “The opioid epidemic…

Bertucci’s, the popular Italian restaurant chain, on Monday filed for voluntary petitions for relief under Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware. Under the deal, the buyer would assume all assets and certain liabilities. Right Lane Dough Acquisitions, LLC has stepped up as the stalking horse bidder, a term…