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New Castle County

NC County Corridor Revitalization Fund loan window opens

True Access Capital (TAC), Claymont Renaissance Development Corporation and New Castle County Government announced that applications are now being accepted for the New Castle County Corridor Revitalization Fund.   Business owners located in one of three defined New Castle County commercial corridors can apply for grantsof up to $10,000 from the fund. Eligible applicants include small businesses and landlords...

AstraZeneca caps monthly cost for asthma-COPD drugs at $35 a month under its assistance programs

AstraZeneca will expand the savings programs for its entire US inhaled respiratory portfolio, helping eligible patients pay no more than $35 per month for their medicine under its programs. Expanding the savings programs will help make its inhalers more affordable to patients with asthma and chronic obstructive pulmonary disease (COPD), including uninsured and underinsured. Pascal Soriot, CEO of AstraZeneca, said:...

Artesian sees lower earnings in 2023

Artesian Resources Corporation reported lower earnings in 2023 with the company seeing higher expenses that are now being offset by a temporary rate increase. The Newark area water company reported net income of $16.7 million, a $1.3 million, or 7.2%, decrease compared to 2022. Artesian operates in all three Delaware counties and in Cecil County, MD. Revenues totaled $98.9 million for...

Updated: From Spotlight Delaware: A year after a tire pile helped topple port operator, the eyesore was removed

This story was produced by Spotlight Delaware, a community-powered, collaborative, nonprofit newsroom covering the First State. Learn more at spotlightdelaware.org  (Update: Rep. Heffernan reported on Saturday that tires were removed rom the site this week). By  Karl Baker The massive tire piles at the Port of Wilmington’s Edgemoor property that last year stoked fears among neighbors of mosquito infestations and rubber fires may...

House committe okays bill requiring hospital systems to report community benefit spending

A Delaware House committee has passed legislation that would order the state's nonprofit hospital systems to report their community benefit spending. House Bill 326 would require hospitals to report spending on uncompensated care, support for medical research, health education and prevention programs, community clinic subsidies, and social factors that affect health, according to the bill's text. The bill, sponsored by...

Bloom Energy, petroleum giant Shell to study feasibility of hydrogen technology

Bloom Energy Inc. and Shell Plc. will study decarbonization solutions, using Bloom’s proprietary hydrogen electrolyzer technology. Bloom and Shell will collaborate to develop solid oxide electrolyzer (SOEC) systems that could produce hydrogen for potential use at Shell sites.  “This technology could represent a potentially transformative moment for opportunities to decarbonize several hard to abate industry sectors,” said KR Sridhar, ...

O’Mara makes it a 3-way Dem race for Delaware governor

 Today, former Delaware Secretary of Natural Resources and Environmental Control and current CEO of the National Wildlife Federation Collin O’Mara announced that he is the first Democrat to file as a candidate for governor. At the end of 2023, O’Mara said he had formed an exploratory committee to determine whether Delaware Democrats wanted a different option in the...

Business Roundtable rolls out report calling for political leaders to focus on prosperity and growth

The Delaware Business Roundtable released a report on Tuesday calling for a "comprehensive, fact-based framework for Delaware’s political leaders to set a bold course toward prosperity and growth." “Delaware must fundamentally prioritize and invest in long-term economic development, including a vibrant, supportive ecosystem for entrepreneurs, workforce development, and a healthy private sector in the face of intense competition for jobs,...

Do More 24 raises $2.3 million

A 24-hour non-profit fund-raising blitz raised a preliminary total of $2,305,645 from March 7 through 8th. A final total will be posted in the next couple of weeks. Non-profits, including public interest and advocacy-public policy groups, were eligible to raise funds during Do More 24. The funds raised ranged for organizations ranged from more than $75,000 to $119. Donations came from throughout...

Incyte reports promising results in Phase 2 test of Opzelura cream

Incyte reported promising results from a Phase 2 of using Opzelura cream in adult patients with mild-to-moderate hidradenitis suppurativa (HS). Results were announced at the American Academy of Dermatology Annual Meeting. The study demonstrated a significantly greater reduction in abscess and inflammatory nodule count in patients treated with the cream. The study results showed that ruxolitinib...

Chemours probe centers on delaying payments as way to boost cash flow targets tied to incentive pay

The Audit Committee of the Board of Directors of The Chemours Co. issued an update on financial control issues that led to the CEO, CFO, and controller being placed on leave. The review reported that members of senior management delayed payments to some vendors to aid incentive compensation The review was launched after an anonymous call to the Chemours Ethics...

Prelude opens new headquarters

Last month, industry and government dignitaries gathered to mark the opening of Prelude Therapeutics new headquarters and research lab at the Chestnut Run Innovation & Science Park near Wilmington. Prelude Therapeutics founder and CEO, Kris Vaddi, began the ceremony by reflecting on Prelude’s mission. “This was an idea to build a cancer-focused biotech company, rooted in science from...

Wilmington Lexus sold for second time in 3 months

The Lexus dealership in Wilmington has been sold again. The Presidio Group LLC, a merchant banking firm announced it advised Asbury Automotive Group, Inc. of Duluth, GA, on the sale of the dealership in Wilmington, Del., to MileOne Autogroup of Towson, MD. The dealership is located on the city's Auto Row on Pennsylvania Avenue. The transaction, completed on March...

Delaware DNA Life Science Conference coming in May

National life science industry leaders and the region’s new companies and research institutions will gather on May 9 for the second annual Delaware’s DNA: 2024 Life Science Conference. Hosted by the Delaware BioScience Association (Delaware Bio), the full-day event will feature a collection of life science sector executives, investors, new businesses, researchers, and policymakers who will convene for the full-day...

Wawa plans to open 70 new stores in 2024

In 2024, Wawa plans to open more than 70 new stores, including first stores in three new states of Alabama, Georgia, and North Carolina. Openings are coming in the Midwest in the coming years as well as central and western Pennsylvania. Wawas are mainly located in the Mid-Atlantic and Florida. Delaware has more than four dozen stores. The store count...
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