Category: News Updates

By Ken Mammarella The Blood Bank of Delmarva’s third bloodmobile — a roving donation center — was made possible by Delaware’s first social impact bond. The concept, also called Pay for Success, was introduced to the U.S. in 2012 and legalized in Delaware last August. These arrangements involve at least three entities: a service provider…

The Delaware Department of Labor has launched a pilot program to offer career and other labor assistance at libraries in all three counties. The Delaware Division of Libraries and Delaware Department of Labor (DOL) rolled out the partnership in February 2019 to reach more residents who may be in need of services but can’t travel…

What does the growing presence of financial technology firms such as Acorns, Marlette Funding, College Ave Student Loans and SoFi mean for Delaware? A new white paper on the fintech industry in Delaware is sort of the first draft of how to answer that question. A collaboration between the University of Delaware’s Institute of Public Administration,…

William B. DeLauder, the president of Delaware State University between 1987 and 2003, died on Tuesday, May 21, 2019. He was 81. Dr. Tony Allen, the current provost of DSU, gave this eulogy for the beloved leader, honoring his achievements building the reputation of the school and making it a more robust institution and center…

Delaware nonprofits are focusing  on ways to innovate through diversity and innovation, even as they struggle to maintain funding for key programs and create new ones. The Delaware nonprofit sector employs 45,307 people and generates $2.9 billion in wages, generating $5.4 billion in spending, says Sheila Bravo, president of the Delaware Alliance for Nonprofit Advancement…

With just two weeks left in the legislative session, a bill to raise Delaware’s minimum wage to $15 per hour by 2024 was unexpectedly referred to the Senate Finance Committee for consideration due to its potential impact on the budget. The detour means the window is getting tighter for the bill to reach the Senate…

Gov. John Carney and Delaware State Housing Authority (DSHA) Director Anas Ben Addi announced the launch of a new homeownership program for recent college graduates at an event recognizing Homeownership Month. The new program, Homes for Grads, will offer discounted rates on DSHA’s down payment assistance loans for homebuyers who have graduated college with a…

Dutch manufacturer AkzoNobel has sold a 190-acre industrial site in New Castle to Northpoint Development. The property is largely farmland with a small industrial parcel formerly occupied by Stauffer Chemical. The Kansas City-based Northpoint Development will redevelop the property at 1386 Schoolhouse Road into the “Delaware City Logistics Park,” a complex of four industrial buildings…

The Delaware Court of Chancery on June 11 issued a consent judgement forcing four limited liability companies to relinquish their Delaware certificates of formation. Backpage, which pleaded guilty to crimes related to promoting human trafficking, has ceased operations and forfeited its assets to the U.S. government. The judgment means Backpage.com, LLC, Website Technologies, LLC, Posting…

The commercial casino industry in the U.S. reached an all-time high of $41.7 billion in 2018. That’s up 3.5 percent from the previous year, according to the American Gaming Association’s (AGA) State of the States 2019: The AGA Survey of the Commercial Casino Industry. Key findings include: The commercial casino sector—with 465 casinos—logged its fourth consecutive…