Category: News Updates

By Kathy Canavan Last year at this time, 78 percent of the respondents to the McDonald Hopkins Business Outlook Survey expected U.S. business conditions to improve. This year, only 44 percent anticipate improvement and 28 percent expect a decline. The reasons for the 34 percent drop in confidence range from election year jitters and stock…

By Christi Milligan Dover, Del. – New projects in Wilmington, Dover and Seaford are slated to receive funding from Delaware’s Downtown Development Districts program. The Delaware State Housing Authority and Gov. Jack Markell announced that 11 projects have been selected to receive $4 million in DDD funding. Delaware’s new grants will leverage $45 million in…

By Kathy Canavan [email protected] The Urban Land Institute’s Delaware Developers’ Forum this morning featured four major developers and Wilmington Economic Development Director Jeffrey C. Flynn. Flynn said the city is growing jobs, now up to 53,039, from about 50,000 in 2000.  The largest job sector is finance with 12,473 jobs.  Other strong sectors include professional,…

DOVER, Del. (AP) — A judge has halted all trials and penalty hearings in Delaware capital murder cases while the state’s Supreme Court mulls the constitutionality of the state’s death penalty law. Monday’s order was issued President Judge Jan Jurden of Delaware’s Superior Court system. Last week, the Delaware Supreme Court accepted several questions submitted…

  DOVER, Del. (AP) — Members of the General Assembly’s budget-writing committee are ready to begin delving into Gov. Jack Markell’s proposed $4.1 billion operating budget for the upcoming fiscal year. The Joint Finance Committee was to convene Tuesday to begin a monthlong series of hearings and discussion on individual agency budget requests for fiscal…

Wilmington, Del. –  College Ave Student Loans, the locally based next- generation student loan marketplace lender,  announced it secured $20 million in financing from Comcast Ventures. Comcast Ventures is the venture capital affiliate of Comcast NBCUniversal. College Ave also secured funding thanks to participation from Fenway Summer Ventures (headed by former CFPB Deputy Director Raj…

Dover, Del. — Attorney General Matt Denn warns Delawareans to be wary of potentially unauthorized telephone solicitations involving the “Delaware Firefighters Foundation” supposedly on behalf of local fire companies and firefighters. The calls display a local (302) area code, and the callers request donations for the “Delaware Firefighters Foundation,” or they claim to be soliciting…

Patterson-Woods Commercial Properties/CORFAC International, a commercial real estate services firm specializing in the Mid-Atlantic commercial property markets, announced record sales and leasing activity for 2015. Their largest sale and lease transactions of the year were in the office market.  Patterson-Woods represented both the seller and the buyer in the sale of a 455,000 sq. ft. office…