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Jacob Owens

Associate Editor, Delaware Business Times

  • Carney: Amazon may bring more than 1K jobs

    NEWPORT – Gov. John Carney believes that Amazon may bring more than the 1,000 jobs promised to their future fulfillment center at the former General Motors Boxwood plant. Amazon was the subject of a heated Council on Development Finance (CDF) meeting Monday, Feb. 24, which saw it approved for $4.5 million in taxpayer-funded grants. Although […]
  • Delaware OKs $4.5M Amazon grant for Boxwood

    NEWPORT – Despite a barrage of criticism, a Delaware state investment board unanimously approved a $4.5 million grant Monday morning for Amazon to operate a “next-generation,” multistory fulfillment center at the former General Motors Boxwood plant. Specifically, the e-commerce retail giant will receive a $3 million grant tied to hiring 1,000 new full-time positions over […]
  • Del. companies big, small impacted by coronavirus

    While much of Asia remains gripped by the daily updates related to the coronavirus outbreak in China, half a world away companies in Delaware are reassessing their economic outlooks with a closed overseas market as others are seeing opportunities to help. DuPont and Halosil International are sending equipment and protective clothing to try to stem […]
  • Waffle House to open Bear location

    BEAR – Waffle House, the all-hours, breakfast-focused restaurant, will open its fourth Delaware location, officials reported. The Georgia-based restaurant chain already operates locations in Middletown, Dover and Smyrna. The new location off U.S. Route 40 in Bear is also less than 7 miles from a location in Elkton, Maryland. The chain is well-known for its […]
  • Amazon seeks $4.5M state grant for Boxwood LogistiCenter

    NEWPORT – Amazon, the e-commerce retail giant, is seeking a $4.5 million grant from the state to move into a new multistory distribution center to be built at the former General Motors Boxwood plant. The request filed Feb. 17 with the Delaware Economic Development Authority’s Council of Development Finance said that Amazon needed the taxpayer-supplied […]
  • What’s ahead for DuPont after Breen’s return?

    WILMINGTON – DuPont surprised many in the First State when it announced Tuesday, Feb. 18, that it was ousting its short-term CEO Marc Doyle in favor of previous leader Ed Breen. Breen inherits a company that faces several challenges in 2020, however, as it manages a portfolio of varied products that face current economic challenges […]
  • DuPont brings back Breen in leadership shakeup

    WILMINGTON – DuPont announced early Tuesday morning that its board has appointed Edward “Ed” Breen back to his previous role as CEO, replacing Marc Doyle after he served less than a year in the head role. Breen, 63, was instrumental in overseeing DuPont’s brief merger with Dow and its subsequent split of its divisions, which […]
  • Bloom to downgrade prior earnings as firms investigate

    NEWARK – Bloom Energy Corp., the energy company that produces fuel cells from its STAR Campus manufacturing plant, announced Feb. 12 that it will have to revise all of its earning statements dating back to before its 2018 initial public offering after an “accounting error.” The news, issued 15 minutes after markets closed, has led […]
  • Pier 1 files bankruptcy, seeks buyer

    FORT WORTH, Texas – The home furnishings and décor retailer Pier 1 Imports announced Monday, Feb. 17, that it had filed Chapter 11 bankruptcy and was working to find a buyer for the company. The news was expected as the company announced last month that it was closing up to 450 storefronts as it deals […]
  • Statehouse Business: Week 5

    Delaware Business Times will recap each week of the 2020 Delaware General Assembly by tracking bills of interest in the state’s business community as they proceed through the legislative process. A bill is first assigned to either a House of Representatives or Senate committee for hearings on its proposal within 12 days of introduction. After the hearing, […]