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Jacob Owens

Editor, Delaware Business Times

  • 🔒 NIIMBL receives $83M to tackle vaccine development

    NEWARK – The National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL) was recently awarded $153 million in new funding from its federal partners, including $83 million specifically to work on coronavirus-related projects. “Obviously, there’s an element of COVID-19, but also a big part of it is how we make sure we never have this happen […]
  • Gary Stockbridge: President of Delmarva Power and Atlantic City Electric

    Gary Stockbridge has been working in the energy sector since the moment he graduated from Drexel University in his home city of Philadelphia. After time in the electric and natural gas markets, he found his niche in retail activity and moved to Delaware in 1997 to lead then-Connectiv’s efforts in the state. After a series […]
  • Logan Herring: CEO of WRK Group

    As a native Wilmingtonian, Logan Herring had a choice after graduating from Goucher College in Maryland: spread his wings or return home. “Because I was afforded many opportunities that I think a lot of people who look like me and come from where I come from, I decided that I needed to pay it forward […]
  • Editorial: Mr. Musk goes to Wilmington

    Just as Wilmington was getting used to fewer road closures and suited bodyguards downtown following President Biden’s departure for Washington, a new media spectacle arrived in town this month. Elon Musk, the celebrity CEO of electric car titan Tesla and private space rocket company SpaceX, was called to Delaware to testify in a shareholder lawsuit […]
  • Delaware unemployment rate static in June

    DOVER – Delaware’s unemployment rate fell only 10 basis points in June, although the state did add jobs and workers over the start of the summer period in a turnaround from May, according to state officials. The state added 2,400 jobs last month after losing 1,400 jobs in May and added 1,600 workers back to […]
  • Citi buys New Castle offices from county for $10M

    NEW CASTLE – After renting several office buildings in the Airport Commons complex for decades, Citibank will purchase the space from New Castle County for $10 million. The 16-acre property located at 1 Penn’s Way is currently home to Citi’s Delaware Operations Center, the nerve center for its local offices. The county council unanimously approved […]
  • DuPont legacy companies settle PFAS claims with Delaware

    WILMINGTON – In a landmark environmental justice settlement, the trio of companies that emerged from the legacy of E. I. du Pont de Nemours and Company – DuPont, Chemours and Corteva – have agreed to pay the state of Delaware $50 million to resolve claims connected to the use of so-called “forever chemicals.” The funds […]
  • 🔒 Keystone Funding adds leader as it grows

    DOVER – Homegrown mortgage banking firm Keystone Funding has experienced tremendous growth in recent years to rank among the nation’s fastest growing private companies, but with the addition of an industry leader it’s now poised to take an even bigger step forward. Keystone recently announced that Kevin Harrigan, the former president and CEO of NewRez […]
  • 🔒 N.Y. firm to redevelop Tri-State Mall in Claymont

    CLAYMONT – Five years after the Tri-State Mall largely closed down, the former shopping destination near the Pennsylvania border is set for a major redevelopment by a New York-based real estate investment firm. KPR, formerly known as Katz Properties, bought the mall from New York-based real estate investment firm The Lefrak Organization for $12.5 million […]
  • Solenis acquired in $5.25B private equity merger deal

    WILMINGTON – Solenis, the global producer of specialty chemicals used in water-intensive industries, was sold Tuesday in a deal worth $5.25 billion between private equity funds. Platinum Equity, a California-based private equity investment firm that focuses on leveraged buyouts, closed the deal with Solenis’ owners, New York-based private equity firm Clayton, Dubilier & Rice (CD&R) […]

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