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Delaware

Delaware

Morris James signs lease at new Avenue North high-rise

The Delaware law firm of Morris James has leased more than 40,000 square feet in the high-rise building at the Avenue North development near Wilmington. The Philadelphia Business Journal first reported the transaction. The publication indicated that the law firm is vacating Class A space in downtown Wilmington as the high-rise moves toward full occupancy. In February, Morris James...

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...

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...

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.

AstraZeneca buying early-stage oncology company in $2 billion deal

AstraZeneca has agreed to acquire Fusion Pharmaceuticals Inc., a clinical-stage biopharmaceutical company based in Hamilton, Ontario that specializes in radioconjugates (RCs) that could become an alternative cancer treatment. "The acquisition marks a major step forward in AstraZeneca delivering on its ambition to transform cancer treatment and outcomes for patients by replacing traditional regimens like chemotherapy and radiotherapy with more targeted...

House Republicans oppose Democrats’ voting constitutional amendment

Republican legislators have made it clear they will oppose a constitutional amendment on absentee voting, citing the possibility that Democrats could rewrite voting laws by a simple majority. Senate Bill 3, the first leg of a proposed constitutional amendment, was approved by the State Senate last May on a party-line vote. The legislation would remove the language governing absentee voting from...

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:...

Delaware gas prices up by a few cents a gallon

Delaware gas prices have risen by about four cents a gallon during th past week, AAA reported. The national average for a gallon of gas has been rising at a leisurely pace, but with crude oil crossing the $80 a barrel mark and more people taking the roads with good weather, prices are expected to continue to climb. Another factor...

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...
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