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Wednesday, October 14, 2020
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Payroll Protection Program window opens

Hello everyone, The next batch of Payroll Protection Program applications is slated to move through the pipeline today. A total of $360 billion has been allocated for this phase, which comes with restrictions that  (may) keep...
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Revenue bonds for Newark Charter, Delmarva Power, Goldey-Beacom top Monday agenda for state finance...

The Delaware Council on Development Finance is expected to sign off on revenue bonds for Newark Charter School, Delmarva Power and Goldey-Beacom College at a meeting on Monday. Okaying the bonds is generally a formality....
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Coronavirus update: Emergency loans; ServPro disinfects emergency vehicles

Capital Good Fund has launched a Crisis Relief Loan product to assist Delaware families affected by the COVID-19 pandemic. The fund is based in Rhode Island but operates in Delaware “We understand that families are...
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Wilmington will offer helping hand to city businesses needing access to coronavirus assistance

Wilmington Mayor Mike Purzycki and City Economic Development Director Jeff Flynn said city  government  will help Wilmington business owners and nonprofits gain access to assistance and funding programs. Assistance is  being offered under the federal...
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Small Business Administration: Mobilization effort underway for CARES Act small business loan program

  The U.S. Small Business Administration and Treasury Department announced what was described as a mobilization  effort of banks and other lending institutions to provide small businesses with capital. The CARES Act establishes a new $349...
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State announces extension of business tax deadlines

The Delaware Division of Revenue (DOR)  confirmed  the deadline for taxpayers to file their 2019 Delaware personal income tax returns has been extended to July 15, 2020. The division and the Internal Revenue Service remain...
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Delaware Division of Revenue extends business, personal tax deadlines to July 15

The Delaware Division of Revenue announced that the deadline for taxpayers to file their 2019 Delaware personal income tax returns has been extended to July 15. The decision comes as a response to the coronavirus...
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Dividend yields rise as market falls

Good afternoon everyone, Yesterday’s brutal day on Wall Street led to some interesting situations for companies with a local presence. Delaware City refinery owner PBF Energy’s shares  at one point were showing  an eight percent dividend...
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AARP poll: Majority of Delawareans worry about having enough money for retirement

More than six in ten Delawareans feel anxious about having enough money for retirement. That's one of the findings from a recent  AARP Delaware statewide survey of registered voters in Delaware, ages 25-64. Only 13...
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Arden acquires Northwestern Mutual’s trust business

Arden Trust Company (Arden Trust), a limited purpose trust company under the ownership of Kestra Financial, Inc. announced its acquisition of a $400 million trust business from Northwestern Mutual, of Milwaukee. Headquartered in Wilmington, Arden Trust...