Category: Technology

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,…

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…

Delaware’s IT sector is growing continuously as new companies emerge, supported by a commitment to training young people in the field.  Initiatives like Zip Code Wilmington, OpenBracket and training programs at Delaware Technical Community College are producing talent ready to enter an industry loaded with jobs and opportunities. Meanwhile, incubators such as 1313 Innovation and…

CompassRed grows as Wilmington office attracts Ph.D.s

Over the past year, CompassRed has doubled the size of its 8-year-old data analytics and insights company to 15 people and expects that number to double again over the next year as founder Patrick Callahan and his leadership team head for 50 employees before they stop to “breathe.” Even though they opened an office in…

Choose Central Delaware, an extension of the Kent Economic Partnership, has launched a new economic development website: www.ChooseCentralDelaware.com  The website is designed to provide information to firms seeking to locate in central Delaware, such demographic information, workforce and business assistance programs, loan offerings and other incentives. “The new www.ChooseCentralDelaware.com website provides all the information needed for…

By Kathy Canavan Delaware hotels are hustling to woo millennials — 83 million potential customers between the ages of 22 and 38 — with fresh interior design, technology upgrades and a savvier approach to social media. Drew Di Fonzo is a hotel manager who knows exactly what millennials want. He’s 29 himself. The Hyatt Place…

DuPont creates digital transformation HQ in Wilmington

By Peter Osborne DuPont is quietly building a group tasked with driving higher revenues, cutting expenses, and streamlining manufacturing processes across the company by using emerging technologies. The DuPont Digital Center employs 25 people at The Mill in downtown Wilmington, with the team working on as many as 40 transformation projects at any given time.…