Delaware Public Media

Business

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

Delaware Public Media

Wilmington city officials welcomed the new 96-suite Residence Inn by Marriott on North Market St. with a ribbon cutting ceremony Thursday.  

 

 


Delaware Public Media

State lawmakers have given their blessing to a plan to put the Port of Wilmington in the hands of a private operator.

A resolution signing off on a $580 million deal with Gulftainer to lease the port for 50 years sailed through both chambers of the General Assembly Tuesday.

Players in New Jersey are set to join Delaware and Nevada in a multi-state online poker pool May 1st.


25 low-income census tracts in Delaware were designated as Federal “Opportunity Zones” last week. This means there are now federal tax incentives for investment in those areas.

 

 


Delaware Public Media

Unemployment in The First State dipped slightly last month.

Delaware’s jobless rate slipped a tenth of a percent for a second straight month, falling to 4.3 percent in March.

Sophia Schmidt/Delaware Public Media

Student loan company Sallie Mae cut the ribbon on its second Delaware location Monday.

 

The new office, on Christiana Road in New Castle, will host a call center as well as operations and customer service positions. It will fit over 500 employees, but currently houses only 321.


Bank of America has found a single buyer for two Wilmington buildings—Bracebridge I on N. King St. and Bracebridge III on N. French St.— that it announced were for sale in February of last year.


The Port of Wilmington board is recommending state lawmakers approve a 580 million dollar deal with port operator Gulftainer. 


Susanne Zilberfarb / Delaware Soybean Board

The Chinese Government announced Wednesday, that if the Trump Administration imposes tariffs on steel and aluminum it would respond with tariffs on a list of items including soybeans and corn. Farmers in the First State say that would severely reduce their annual income.


Delaware Public Media

The spring spike in gas prices continues.

AAA Mid-Atlantic reports the average cost of a gallon of regular statewide is now $2.60.

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