Business

For decades, Delaware has brought in hundreds of millions of dollars annually from the so-called ‘abandoned property’ of the nearly two million companies that call the First State their corporate home.Recently, others are taking issue with that practice. For example, Delaware has long said it can keep unclaimed cash issued by MoneyGram, the world’s second-largest money transfer company. But 30 other states sued Delaware over its claim on that unclaimed MoneyGram cash, arguing it should be returned to the state where the MoneyGrams were bought.The U.S. Supreme Court recently decided the case, ruling against Delaware, which could cost the state upwards of $250 million.Delaware Public Media’s Tom Byrne spoke this week with corporate governance expert Charles Elson – retired University of Delaware professor and Founding Director of UD’s Weinberg Center for Corporate Governance – about the Supreme Court’s decision and what it means for Delaware.

The NCAA’s college basketball tournaments – better known as March Madness – are underway; a reminder of the attention and money attached to college sports.Only recently have student-athletes been able to grab their share of that money. A June 2021 U.S. Supreme Court ruling opened the door for them to cash in through Name, Image, and Likeness, or NIL, deals.But that’s left student-athletes and schools scrambling to navigate the new NIL landscape, hoping to capitalize on opportunities, while understanding the implications on recruiting and avoiding potential pitfalls.The University of Delaware launched the “Blue Hen Collective” this week, which allows fans, boosters, and businesses to essentially pool together money to fund NIL deals with student-athletes.This week, Delaware Public Media’s Tom Byrne sat down with UD athletic director Chrissi Rawak to learn more about how NIL works at the University of Delaware and how it's changing college sports.

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If you’re thinking about spending lazy hours on the beach this summer or enjoying the beach nightlife, you may be out of luck. Higher rental costs haven't kept people from booking at the beach, leaving availability limited and expensive.Contributor Eileen Dalalbrida breaks down the beach rental landscape this week and what can you do if you still want some fun in the sun in the First State.

The Office of Women’s Advancement and Advocacy recently released a report examining the state of Delaware women working in construction trades.According to the report, women make up 9.3% of Delaware’s construction industry and just 3% of construction and extraction jobs, such as carpenters, plumbers, and electricians.This week, Delaware Public Media’s Joe Irizarry caught up with Melanie Ross Levin – Director of the Office of Women’s Advancement and Advocacy – to learn more about the report.

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Delaware’s plan for $60.9 million in federal funding from the State Small Business Credit Initiative (SSBCI) was approved, bringing 2 new programs to the state aimed at supporting small businesses.

Rehoboth considered a similar measure in 2017, but the proposal was withdrawn after pushback from government transparency advocates and residents.

The Delmarva chicken industry reached a record $5 billion in wholesale value in 2022.

Sen. Chris Coons and Republican Sen. James Lankford of Oklahoma introduced the Charitable Act Wednesday.