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Saturday, November 21, 2020
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Startup 302 pitch competition to focus on those facing funding inequities

Delaware’s revamped Startup302 pitch competition will focus on founders who struggle with funding inequities. In making the announcement, it was noted that only one percent of all venture capital-funded founders are Black, less than half...
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Chase credit card unit announces buy now, pay later feature

  The Wilmington-based Chase credit card business  officially announced My Chase Plan, a digital ‘buy now, pay later’ feature available on eligible Chase consumer credit cards. My Chase Plan allows cardmembers the option to pay...
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M&T remains top SBA lender in Delaware

M&T Bank remained Delaware’s top Small Business Administration (SBA) lender in 2020 in terms of the number of loans.  In Delaware, M&T approved 44 SBA 7(a) loans for $7.5 million in fiscal year 2020, which...
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Kudos: Tilton Award winner; Blue Blaze on Philadelphia 100; Wheeler Wolfendon’s national honor; Belfint...

Colmorgen wins Tilton Award The 2020 Tilton Award winner is maternal-fetal medicine physician Garret H.G. Colmorgen, MD. Dr. Colmorgen is the Director of Obstetrics and Maternal-Fetal Medicine at Bayhealth Medical Center and the Chair of Bayhealth...
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Delaware workers comp rates down for 4th straight year

First State still ranks high in insurance coverage  for injured workers. Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates would decrease for the fourth year in a row, effective December 1. The voluntary market...
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True Access awarded $657,000 to launch Hispanic business loan program

True Access Capital, Wilmington (formerly First State Community Loan Fund) will expand its lending to minority-owned businesses, with an emphasis on Hispanic-owned businesses, with the help  of a $657,000 award from the Community Development...
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Jennings and other attorneys general seek changes in proposed Payroll Protection Act rule

Delaware Attorney General Kathy Jennings  joined colleagues in several states in protesting a proposed rule on Payroll Protection. Act loan/grants. The SBA proposed a rule that would govern all SBA determinations considering PPP loans—including borrowers’...
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Financial services remains a bright spot for Delaware

Good afternoon, It wasn't that long ago that some in Delaware's gloom and doom crowd were predicting that the state's financial service industry was on the bubble. Their argument -  the quality of life was low,...
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New Castle County vendor sends out bills to property owners who pay through escrow...

 New Castle County officials have been told that a vendor mistakenly sent property tax bills to nearly 51,000 owners  who make payments through their lender. The county will notify those affected by letter. Property taxes...
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WSFS sees encouraging signs for economy while posting a $7.1 million 2nd...

WSFS Financial Corporation posted a $7.1 million loss in the second quarter as its bank set more money aside for loan losses.  WSFS is based in Wilmington and operates in much of the Delaware Valley,...