Delaware Public Media

Business

Delaware Public Media's coverage of the business-related stories.

Workers comp insurance rate hike tops 7 percent

Nov 17, 2015
Delaware Public Media

First State business owners will see their workers compensation insurance rates go up by more than 7 percent Dec. 1.

 

SBA offering disaster loans to Delaware farmers

Nov 15, 2015

A summer heat wave in New Jersey may have had an impact on First State farmers and farm related businesses.

For that reason, the Small Business Administration is making federal Economic Injury Disaster Loans available for up to $2 million dollars.

Courtesy: Historic Lewes Farmers Market

The Historic Lewes Farmers Market will have a new home next year.

Lewes City Council has unanimously approved the market’s request to use George H.P. Smith Park in Lewes as its primary location for the 2016 season.

Edward Breen tapped for top job at DuPont

Nov 9, 2015

Edward Breen is shedding the ‘interim’ part of his title, becoming DuPont’s new CEO and company chair.

 

Gas prices spike in First State

Nov 8, 2015
Delaware Public Media

After weeks of decline or stability, gas prices across the First State exploded over the past seven days.

 

AAA Mid-Atlantic reports the average cost for a gallon of regular jumped 14 cents to ring in at $2.19. Despite the sudden increase, prices are still significantly cheaper than they were a year ago at $2.83.

 

Nationally, the price hike wasn’t so dramatic. This week closed up three pennies ending at $2.22.

 

Downtown Development Districts
Delaware Public Media

A great deal of attention is being paid to developing Delaware’s various downtowns, especially in the past year after Gov. Jack Markell created his Downtown Development Districts program.  In its first year, that program provided $5.6 million in grants for projects in the first three downtown districts in Wilmington, Dover, and Seaford. Those grants in turn leveraged an additional $114 million in private investment to refurbish buildings that house small businesses, create green space and build new housing.

In Dover, that funding is building on work being done by groups such as the Downtown Dover Partnership and Dover/Kent County MPO to reimagine the downtown and draw people there.

When most people hear the word ‘bourbon’ they think of the rolling green fields of Kentucky – the state most closely associated with the sweet, mostly corn-based whiskey.

But soon, those in Delaware won’t have to trek far to get their hands on locally produced bourbon.

In this week’s Enlighten Me, Delaware Public Media’s James Dawson reports one distillery has just uncorked a few barrels of the iconic liquor right in the heart of the First State.


Delaware Public Media

Another round of downsizing at Kraft Heinz will not affect its plant in the First State.

The company announced Wednesday it will close 7 factories nationwide and trim its workforce by 2,600 over the next 12 to 24 months, but its Dover facility is being spared.

The Dover facility – which produces a wide range of products including Jell-O Gelatin and Pudding, Crystal Light and Stove Top stuffing – employs 562 people.  It’s been a mainstay in Dover, celebrating its 50th anniversary just last year. 

Delaware Public Media

Chemours’ latest earnings report shows it lost $29 million in the third quarter.

A decline in sales fueled the loss for the Wilmington-based chemical company. Sales in the third quarter this year were $1.5 billion, down from $1.6 billion in the third quarter last year. That’s a 9 percent drop.

Delaware Public Media

Delaware drivers enjoyed another boon at the pump last week as local gas prices continue their descent.

People are paying on average $2.05 for a gallon of regular in the First State according to AAA Mid-Atlantic, down a nickel from last week.

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