Delaware Business Times


Beebe Healthcare receives $125K donation from its Auxiliary

LEWES – Beebe Healthcare’s Auxiliary recently donated $125,000 to the Beebe Medical Foundation, which will fund the new Siemens Sequoia Ultrasound Machine. The Auxiliary continues to support the growth of Beebe Healthcare by helping to purchase needed equipment, donating to special needs funds, supporting Beebe Oncology Services, and participating in capital campaigns throughout the year. The Auxiliary is the oldest fundraising arm of Beebe Healthcare with over 225 members of all genders.

Tuition increases coming to UD, GBC and WilmU

NEWARK —Three of Delaware’s universities and colleges have raised tuition for students this year, mirroring a national trend of rising tuition increases across the country. Earlier this summer, the University of Delaware announced it would raise tuition by 3% next year. In-state tuition will rise by $390 to...

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...

Sussex County approves $7.5M ARPA grant funding

GEORGETOWN – Sussex County Council approved the distribution of $7.5 million in federal funds awarded to Sussex through the American Rescue Plan Act (ARPA). The funds, as required by the act, are aimed at assisting local healthcare providers, non-profit groups, and others in the ongoing coronavirus recovery. The grants...

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.

AARP awards grant to 4 Delaware organizations

AARP Delaware announced four Delaware non-profit and/or governmental agencies will receive AARP Community Challenge grants – part of the largest group of grantees to date with $3.4 million awarded among 260 organizations nationwide. Grantees will implement quick-action projects that help communities become more livable in the long-term by improving public places; transportation; housing; diversity, equity and inclusion; digital access; and civic engagement, with an emphasis on the needs of adults age 50 and over.

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.

People on the Move: July 1

People on the Move is a rundown of recent hirings, promotions, appointments and other notable movements by professionals in the state. If you’re interested in submitting an entry, please contact The Delaware Department of Labor (DOL) has announced Elisha Jenkins to serve as the new director of the...

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...

Bethany Blues leases Rehoboth location

REHOBOTH BEACH — The new owner of the downtown Nicola Pizza locations are working on deals to open two restaurants in their place, with one lease signed with the local barbecue chain Bethany Blues. Dr. Michael Trahos, a representative of the Trahos family that owns several blocks of downtown...

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...

Goodwill of Delaware & Delaware County receives $100K Bank of America grant

WILMINGTON – Goodwill of Delaware & Delaware County has received a $100,000 grant from Bank of America. The grant will help to expand the number of people served through Goodwill’s programming focused on strengthening communities and improving economic mobility. Through programs such as the Goodwill Digital Career Accelerator® powered, Goodwill is equipping people with the knowledge and expertise needed to succeed in the evolving 21st century job market.

Controlling Healthcare Costs Post-Pandemic

Employer surveys and industry analysts indicate that the cost of health insurance premiums in the upcoming 2021-2022 cycle is expected to outpace last year’s increase. These costs stand as one of the largest expense items in any business’s budget, and certainly the fastest growing, continually straining vital businesses. What is more, the COVID-19 pandemic has created even greater uncertainty surrounding these costs. So exactly how is the pandemic affecting health care costs in the US?

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. Brooks Smith, who entered senior status in December after turning 65.