Month: November 2018

Linde and PBF Energy have broken ground on a new hydrogen plant that is being built in Delaware City in partnership with PBF subsidiary Delaware City Refining Company. Gov. John Carney, U.S. Senators Tom Carper and Chris Coons and Delaware City Mayor Stanley E. Green joined executives from Linde, PBF Energy and DCRC in the…

Goodwill of Delaware and Delaware County has announced the statewide launch of Career Connection, a digital career services platform to support job seekers through the process of securing employment. Career Connection aims to take the stress out of typical job search tasks such as creating a resume and cover letter, interview preparation and salary negotiation…

Delaware River and Bay Authority (DRBA) officials Thursday announced that Moody’s Investor Service (Moody’s) reaffirmed the Authority’s credit rating of A1 with a stable outlook. The Delaware Memorial Bridge, which connects two of the most heavily trafficked highway corridors in the Northeast, is the bi-state agency’s critical tolling asset and generates 75 percent of its…

In residential real estate, boomers still own the home market

By Kathy Canavan Special to Delaware Business Times When baby boomers who answered a recent national housing survey were asked when they planned to move out of their homes, 61 percent replied “never.” Boomers own 32 percent of Delaware’s owner-occupied homes. With boomers aging in place and the Gen X and millennial generations both shopping…

The New Castle County Department of Land Use, Delaware Department of Transportation (DelDOT), and Wilmington Area Planning Council (WILMAPCO) are developing a 20-year master plan that will make land use and transportation recommendations for the heavily congested U.S. 202 Concord Pike Corridor, between the City of Wilmington and Pennsylvania State lines. In order to gain…

The Central Delaware Chamber of Commerce (CDCC) has again achieved 5-Star Accreditation status from the U.S. Chamber of Commerce. This is the second consecutive 5-Star rating for the CDCC. Accreditation recognizes excellence in Chamber planning and performance. There are four tiers: general Accreditation, then 3-Star, 4-Star, and 5-Star Accreditation. This means the Chamber has demonstrated…

Air Liquide and its U.S. subsidiary, Airgas, on Wednesday inaugurated the Advanced Fabrication Center (AFC) at the Air Liquide Delaware Innovation Campus ​in Newark. The AFC helps industrial customers adopt new manufacturing technologies and production processes. “Air Liquide is devoted to innovation through application-focused research development and technological solutions. said Michael Graff​, chairman & CEO…

By Ken Mammarella Special to Delaware Business Times Mohawk Electrical Systems in Milford figures that being a safer place to work has saved $75,000 over the last 30 years in its premiums for workers’ compensation insurance. Those savings are part of a welcome statewide trend. Workers’ compensation insurance rates, effective Dec. 1, are going down…

(AP) — Federal prosecutors are asking a judge to unseal sentencing documents submitted by attorneys for four former executives of the only financial institution to be criminally charged in connection with the federal bank bailout program. Former Wilmington Trust president Robert Harra Jr., chief credit officer William North, chief financial officer David Gibson and controller…

Incyte today announced the appointment of Dr. Dashyant Dhanak, Ph.D. as executive vice president and chief scientific officer, effective December 10, 2018. Dhanak will succeed Dr. Reid Huber, who has been at Incyte since 2002 and is leaving the company to pursue opportunities in the early-stage life sciences community. “Reid’s contributions to Incyte have been…