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Jacob Owens

Editor, Delaware Business Times

  • PGA’s BMW Championship to bring 130K to Wilmington

    WILMINGTON – Delaware has never hosted a top-flight PGA Tour event, but that is about to change in a few weeks as the BMW Championship arrives at the Wilmington Country Club, bringing tens of thousands of spectators to northern Delaware. It’s a week that tourism and economic development officials have been anxiously awaiting for nearly […]
  • 🔒 EDITORIAL: Will Saudis spoil Wilmington’s golf spotlight?

    In about six weeks, one of Delaware’s biggest tourism attractions in history is set to arrive in north Wilmington as the PGA Tour’s BMW Championship comes to the Wilmington Country Club. It’s a week that tourism and economic development officials have been anxiously awaiting for nearly two years since the host organization, the Western Golf […]
  • AstraZeneca to buy Calif. cancer firm for up to $1.2B

    WILMINGTON – Seeking to supercharge its cancer drug pipeline, pharmaceutical giant AstraZeneca announced a deal potentially worth more than $1.2 billion to acquire a small California-based biotech firm working on lymphoma treatment. AstraZeneca, which has its U.S. headquarters in the Wilmington suburbs, would acquire TeneoTwo, which is testing its drug TNB-486 in relapsed and refractory […]
  • 🔒 Schmidt takes helm at Richards, Layton & Finger

    WILMINGTON – Lisa Schmidt, a longtime corporate litigator, has taken over as president of Richards, Layton & Finger (RLF), the largest law firm in Delaware with more than 160 attorneys. Headquartered in downtown Wilmington near Rodney Square, RLF is a sought-after firm that advises global companies, business partnerships, leading financial institutions, local businesses, and individuals […]
  • New look, name unveiled for boutique Wilmington hotel

    WILMINGTON – The developer and future operator of the new boutique hotel on Market Street unveiled its first look this week at the project scheduled to open later this summer. Owned by prolific local developer Buccini/Pollin Group, the future hotel at 519 Market St. will be named The Quoin, according to Method Co., the Philadelphia-based […]
  • 🔒 Carney signs record $5B+ state budget

    DOVER – Gov. John Carney signed a nearly $5.1 billion operating budget for the state on June 28, which marks the state’s largest in history. The operating budget, approved by state lawmakers as Senate Bill 250, includes pay increases for state employees, including 2% to 9% increases for all merit employees and increases for public […]
  • State tourism chief Keller to take over Committee of 100

    NEWARK – Delaware State Tourism Director Elizabeth Keller has been selected to succeed Jennifer Kmiec as executive director of the Committee of 100, a non-partisan, nonprofit association of Delaware business leaders that works to promote responsible economic development and address issues that affect the state’s economic health. Keller will assume her new position on July […]
  • Investment firms acquire Lycra Co. after default

    NEWARK – The Lycra Company, a major textile company that supplies the apparel and personal care industries, has been acquired by a group of private equity investors following a troubled period for the company. Headquartered off Red Mill Road near Newark, Lycra has been operating under a receivership process that began in February after its […]
  • Biden taps Justice Montgomery-Reeves for fed court

    DOVER – President Joe Biden nominated Delaware Supreme Court Justice Tamika Montgomery-Reeves on Wednesday for a vacancy on the Court of Appeals for the Third Circuit. Montgomery-Reeves, who ascended to the state’s highest court in 2019 after serving for four years on the influential Court of Chancery, would fill the seat left by Judge D. […]
  • Green hydrogen co. Versogen to expand, add jobs

    NEWARK – The green hydrogen startup Versogen will be returning to its Newark roots in a $4.8 million expansion that will add dozens of new jobs. The firm, which grew out of research by University of Delaware professor Yushan Yan, will be relocating from its current labs at The Innovation Space at DuPont’s Experimental Station […]

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