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Delaware Business Now

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Posts labeled Special to Delaware Business Now are typically submitted items that are updated and sometimes rewritten in news style. Background information is sometimes added.

Delaware gas prices remain well below national average

AAA reported that Delaware gas prices rose about a penny during the past week. While domestic gas demand has been lackluster, rising crude oil prices pushed pump prices higher, AAA reported. Delaware's price at the pump is now more than 20 cents lower than the national average and is well below neighboring states. Delaware has one of the nation's...

Tax charges lead to 46-month federal prison term for Garnet Valley mushroom farm owner

Donna Fecondo, 63, was sentenced to nearly four years in federal prison for tax crimes related to her ownership of a mushroom farm and processing operation about a mile north of the Delaware line. Fecondo, of Garnet Valley, PA, pleaded guilty in 2022 for failing to remit payroll taxes to the IRS. Fecondo was the president and sole owner...

Dignan named Chemours CEO

The Chemours Company named Denise Dignam, current Interim Chief Executive Officer, to the positions of President, Chief Executive Officer and a member of the Board of Directors, effective immediately. She succeeds Mark Newman, who had earlier been placed on leave while an investigation into company finances took place. The probe has led to delays in issuing the fourth quarter and...

Deadwyler named President of County Chamber

Yvonne Deadwyler was appointed President of the New Castle County Chamber of Commerce, effective March 18. According to a release, the Board of Directors made this decision in consultation with Chamber Chairwoman Pam Scott. "The Board of Directors is delighted that Yvonne Deadwyler has been selected as the next President of the New Castle County Chamber of Commerce. She brings...

Hispanic Chamber of Commerce launched in Delaware

This story was produced by Spotlight Delaware, a community-powered, collaborative, nonprofit newsroom covering the First State. Learn more at spotlightdelaware.org  By José Ignacio Castañeda Perez The Delaware Hispanic Chamber of Commerce launched last week in Wilmington with over 200 Hispanic businesses already on board. The chamber will bolster Hispanic businesses in the state by providing business owners and entrepreneurs with Spanish-language resources to grow and...

Bill aims to protect financial services companies providing services to marijuana industry

Legislation has been introduced in the Delaware General Assembly that aims to protect banks and other businesses that provide financial services to marijuana cultivators, distributors, and retailers who operate within Delaware's legal cannabis systems. According to sponsors, House Bill 355 clarifies that these financial services are legal under Delaware state law and aims to reassure financial service providers...

2 Kent, Sussex community solar sites near groundbreaking stage sold

Luminance will acquire two solar sites from ECA Solar, a renewable energy developer and producer. The plants, with a combined capacity of more than 10 megawatts, are in Delmarva Power's service territory in Kent and Sussex counties. Luminace is part of Brookfield Renewables, a Canadian company that also manages investments. The facilities are expected to provide solar energy to...

Fire destroys Elsmere commercial building

A Wednesday morning fire in Elsmere destroyed a commercial building. The Elsmere Fire Company was dispatched to the 400 block of Old Dupont Rd., shortly before 9 a.m and found smoke and fire coming from a large building on the Paoli Services complex. Other fire companies responded to assist. The building housed an automotive/mechanical servicing business. Deputy Fire...

PODS to occupy 130,000 square feet at Delaware River Industrial Park

Harvey, Hanna & Associates, Inc. announced the completion of its latest industrial property spanning 130,000 square feet at 50 Harbor View Drive in the Delaware River Industrial Park. PODS Enterprises LLC, which uses containers to store and move household goods, will occupy the entire building at 50 Harbor View Drive. Terms were not disclosed. "We are proud to unveil this addition...

Avelo notes: New Haven grows as Lakeland, FL service remains on hold

Avelo Airlines made headlines when the 16-jet carrier signed an unusually long 15-year lease at Lakeland, FL, with a possible May announcement of destinations from the airport between Orlando and Tampa. It turns out the TSA has not yet finalized security at an airport that has not seen service in years. A launch date for the service has not...

Delaware ranks 49th as homeowners remain reluctant to take on more mortgage debt

Delaware ranked 49th among the 50 states in adding mortgage debt. The WalletHub financial information site issued the report. WalletHub compared the 50 states based on its data on mortgage debt from the third quarter of this year to the previous period a year earlier. Delaware highlights Overall rank: 49th Change in average mortgage debt: The average mortgage balance in Delaware...

My take: Inspector General bill returns with backers from both ends of spectrum

A bill calling for the formation of an independent inspector general's office has returned, this time with a wide range of support. The office would not duplicate the work of other agencies but would be able to investigate waste, fraud, and abuse of government resources. It would not have enforcement powers but would refer its findings to law enforcement or...

Chemours, Gore awarded grants in efforts to advance clean hydrogen technology

The Chemours Company reported that the U.S. Department of Energy (DOE), under the Bipartisan Infrastructure Law, selected two of its applications for grants totaling $60 million. The grants will be used by Chemours and its partners to advance technology to support next-generation membranes for proton exchange membrane (PEM) water electrolysis, advance a domestic hydrogen economy supply chain, and establish...

Small Business Development Center Day celebrated

Wednesday is National Small Business Development Center Day, and Delaware’s SBDC sent out an infographic on its accomplishments over the years. The SBDC is a venture of the U.S. Small Business Administration and the University of Delaware.

Sussex County now taking applications for affordable housing programs

On April 1, Sussex County’s Community Development & Housing office will begin taking applications from groups that develop new or preserve existing affordable housing. The program, known as the Housing Trust Fund, is an effort to provide access to and preserve affordable housing. Developers, groups, and others working toward increasing the affordable housing stock in Sussex County can apply...
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