Category: Government

As we begin the new year, it is imperative that Congress takes immediate action to prevent the IRS from imposing back-breaking fines on small businesses in Delaware and across the nation who are simply trying to provide affordable health care to their workers. For years, many small-business owners have reimbursed employees for medical care and…

The Delaware Economic Development Office (DEDO) announced its selection of three Delaware entrepreneurs in the first round of the DEDO partnership with One Million by One Million (1M/1M). 1M/1M is a global virtual accelerator that aims to nurture a million entrepreneurs to reach $1 million each in annual revenue and beyond, in a plan to…

Loans, grants, financial aid abound, if businesses know where to look

By Kathy Canavan Have a business idea in the back of your mind? There’s free help and even free money to help you create your dream. D.J. Hill and Chad Moore are financing most of their $10 million Lefty’s Alley and Eats project with a fixed-rate 504 loan from the Delaware Community Development Corp. The…

DOVER, Del. (AP) — With New Year’s weather expected to be chilly but sunny, Delaware officials are encouraging people to celebrate New Year’s Day outdoors in one of the state parks. The state is encouraging attendance with its First Day Hikes Initiative. Park officials expect attendance at state parks to increase by 15 percent on Friday. Division…

WILMINGTON, Del. (AP) — Attorney General Matt Denn is calling on lawmakers to use $29 million in settlements from banks to help low-income communities in Delaware. Denn announced his proposal Wednesday for the remaining funds received from Bank of America and Citigroup to resolve allegations that market misconduct contributed to the financial crash in 2008. Denn…

Dow Chemical and the DuPont Co. announced earlier this month that they are merging in a $130 billion chemical industry megadeal. The merger would combine two companies that sell agricultural products to millions of farmers around the world, and make a variety of chemicals for consumer and industrial products ranging from electronics, automobiles, and household…

By Kathy Canavan Kathy@DelawarBusinessTimes.com The Delaware Economic and Financial Advisory Council, which projects state income figures used to compute the state budget, has increased its revenue estimate for the current fiscal year by $88 million compared to its September forecast. The estimate for fiscal 2017 increased by $79 million, after trimming $7 million in revenue…

By Christi Milligan The Delaware Department of Finance is touting the success of its new website after processing an unprecedented number of claims in a single month. According to State Escheator David Gregor, 8,801 claims at a cash value of $10.7 million have been processed since the site went live on Oct. 30, and it…