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From Spotlight Delaware: Amtrak prepared to spend millions at controversial downtown Wilmington building

By Karl Baker, Senior Reporter This story was produced by Spotlight Delaware, a community-powered, collaborative, nonprofit newsroom covering the First State. Learn more at spotlightdelaware.org Why should Delaware Care?Amtrak is a major employer in the Wilmington area, but its own inspector general also criticized its purchase of the Renaissance Centre, which Amtrak is now investing in further. As a federally chartered corporation,...

Airline notes: Avelo’s San Juan success; American ups luggage fees, Spirit takes on Southwest at BWI

Avelo Airlines is reporting a successful first 100 days for its Wilmington-San Juan, Puerto Rico route. The airline, which usually does not break out traffic by destination, reported nearly 9,000 customers boarded twice weekly San Juan flights with no cancellations. That's worth noting since airlines often cancel flights with few passengers. Avelo, which has one of the best...

Fusco makes $5 million commitment to Ursuline Academy

Ursuline Academy, an independent, Catholic, college preparatory school for students from early childhood through 12th grade, receiveda $5 million commitment from Anthony N. Fusco Sr., a Delaware real estate developer. A release stated that this gift is the largest in Ursuline’s 130-year history and will have a widespread impact across the academy. “Mr. Fusco’s extraordinary generosity has not only...

My take: Trolley Square and crime news

The Trolley Square neighborhood was rocked last weekend by news of a shooting outside the Logan House. Details are few, a long-running policy from Wilmington police that sometimes leads to rampant speculation. To its credit, the landmark eatery and entertainment spot responded that it would work with the city to limit the possibility of a reoccurrence.  Naturally enough, a minor frenzy...

Delaware home sales market slows slightly in January

The Delaware Association of Realtors reported that January's housing market posted a slight decrease in new listings and homes sold. The inventory of new homes did rise sharply. The median price increased by 4.50%, However, the median listed price increased by only 0.17%. The real estate group stated that pending sales fell by 8%, but active inventory showed 13% growth,...

Bank of America to move 500 jobs out of downtown Wilmington by late 2025

Bank of America plans to phase out its presence at the Bracebridge complex in downtown Wilmington by late 2025. B of A spokesman Andy Aldridge said the move to company sites on Paper Mill Road and near the ChristianaCare campus does not represent a staff reduction, with positions downtown moving to the two Newark area sites. Bank of...

The Mill cuts ribbon on expansion at Market West in downtown Wilmington

The Mill recently marked the completion of a recent expansion of its coworking space at Market West, 221 W Tenth St. in downtown Wilmington. The 38,000-square-foot expansion makes The Mill one of the largest coworking spaces in the Greater Philadelphia market. The expansion was part of the mixed-use conversion of the former Nemours Building now known as Market West. The Mill expansion to the third floor includes more than 30 furnished offices of various sizes...

WilmingtonMADE assistance program returns in 2024

Wilmington Alliance has announced the continuation of its WilmingtonMADE Program. In 2023, 24 Wilmington-based small businesses received free direct marketing or back-end services, and nine small business workshops were held. Wilmington Alliance has committed to providing 50 businesses with free, direct services throughout 2024 and monthly workshops and learning opportunities for local entrepreneurs. Wilmington Alliance connects entrepreneurs to service providers...

Beebe Medical Foundation receives $6 million gift from Abessinios

The Beebe Medical Foundation announced that it had received its second-largest philanthropic gift in Beebe Healthcare’s 108-year history from bank owner Rocco and Mary Abessinio and their family. Beebe Healthcare will name its Rehoboth Health Campus as the “Abessinio Health Campus." The campus is located on John J. Williams Highway and Warrington Road between Lewes and Rehoboth...

Chemours delays earnings report

The Chemours Company has postponed the release of its financial results and conference call related to the fourth quarter and full year-end earnings, which had previously been scheduled for Feb. 14 and Feb. 15, respectively. Chemours currently expects to issue its fourth quarter and full year 2023 financial results after market close on Wednesday, Feb. 28. The...

Personnel File, Feb. 13, 2024

Gilmartin named M. Davis president M. Davis & Sons, Inc., appointed  Michael A. Gilmartin as President and Chief Financial Officer. After serving as CFO since 2015, Gilmartin brings 25 years of experience in the contracting and construction industry to his new role. In addition to maintaining his current responsibilities as CFO, Gilmartin will now oversee strategic presidential duties. John...

From WHYY: The failed taxpayer-funded quest to restore Wilmington’s Gibraltar mansion

By Cris Barrish This investigative report was supported by a statehouse coverage grant from the Corporation for Public Broadcasting. Two men wield video cameras as they trudge through thorn bushes and high weeds on the hilly, rocky terrain to Gibraltar. They’re not on the slopes of the mammoth, majestic limestone slab at Europe’s southern tip, however. These guys are exploring the last walled...

Incyte gains full rights to lymphoma drug

Incyte signed an asset purchase agreement with MorphoSys, which gives Incyte exclusive global rights for tafasitamab, marketed as Monjuvi in the U.S. “This new agreement with MorphoSys provides Incyte with exclusive global rights to tafasitamab and full control over its development and commercialization, allowing us to realize significant operating efficiencies and cost synergies,” said Hervé Hoppenot, Incyte...

Media update: Delaware Today owner acquires suburban D.C. magazine

Delaware Today and Delaware Business Times publisher Today Media has acquired a suburban Washington, D.C. lifestyle magazine and news website. The company, based in downtown Wilmington, acquired Bethesda Magazine and the news site MoCo360 from Z-Pop Media. In addition to its Delaware publications and websites, Today Media has a custom publishing operation, along with regional magazines and niche publications in...

10 business honored as EDGE Grant recipients

Ten small businesses were honored by the Delaware Division of Small Business as winners of the seventh round of the Encouraging Development, Growth, and Expansion (EDGE) competition. Winners included a company planning to develop residential electric vehicle chargers, one developing an improved hand/arm prosthetic that’s easier to use, one developing an adapted mobility device for getting into bed, and...
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