Delaware Public Media

Business

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

Tom Byrne/Delaware Public Media

Work is underway on a neighborhood facelift on Wilmington’s West Side.

Officials held a ceremonial groundbreaking Wednesday for the redevelopment of The Flats neighborhood. The project, spearheaded by the non-profit Woodlawn Trustees, is updating the aging affordable housing the group provides to low-income people in that area.

Delaware Public Media/Karl Malgiero

Looking to raise awareness of financing options available to women looking to start a small business – Senators Tom Carper and Chris Coons were joined by Small Business Administration chief Maria Contreras-Sweet on Wilmington’s Market Street to check in on businesses there that received start-up help from the SBA

Delaware Public Media

First State gas prices have finally inched up, after holding steady for the last three weeks.

AAA Mid-Atlantic reports the average price for a gallon of regular in First State increased by 2 cents from $2.60 to $2.62 in the past week.

That price is still nearly a dollar less than what Delaware drivers were paying a year ago at an average of $3.60.

Delawaregasprices.com reports there are just under a dozen stations selling a gallon of regular for $2.54 or slightly less  – mostly in New Castle County.

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On the real estate front, home sales are leaping with spring energy, although prices still have a long way to go to reach the levels before the housing downturn.

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Delaware’s seasonally adjusted unemployment rate dipped again last month  - down a tenth of a point to 4.5 percent in April.  It’s the lowest the jobless rate has been in the First State since May 2008.

 

The drop also marks the tenth straight month unemployment in Delaware has declined since standing at 5.9 percent in June 2014.

Tom Byrne/Delaware Public Media

Claymont residents got their first good look at plans to redevelop the shuttered Evraz steel mill.

A standing room only crowd of about 300 people showed up for a public meeting on Commercial Development Corporation’s (CDC) designs for the 425-acre site.

Delaware Public Media

First State gas prices did not budge again over the past week.

AAA Mid-Atlantic reports the average price for a gallon of regular in First State remained unchanged last week – holding steady at $2.60 for a second straight week.

But that price is still nearly a dollar less than what Delaware drivers were paying a year ago at an average of $3.56.

Delawaregasprices.com reports there are just under a dozen stations selling a gallon of regular for $2.53 or slightly less  – mostly in New Castle County.

Tom Byrne/Delaware Public Media

At a community meeting next week, Claymont residents will get their first look at a Missouri developer’s proposal to transform the 425-acre site of the now-closed steel mill that has dominated the community in Delaware’s northeast corner since it was opened by the Worth Steel Co. in 1917.

The proposal, says longtime resident Carolyn Mercadante, a coordinator of the Claymont Historical Society, “is the biggest thing here in 100 years.”

Delaware Public Media

An office park, a manufacturing and warehouse center, a new commuter rail station, and maybe even a port, rail and trucking hub – all these project could become part of the First State Crossing redevelopment plan proposed for the now dormant 425-acre Evraz Steel Mill in Claymont.

Anne Hoffman/Delaware Public Media

It’s a sparkling Saturday afternoon in spring and Donna Moller and her 4-year-old nephew are headed to Stratosphere, the indoor trampoline park on the Wilmington Riverfront.

This is the fourth time this week the New Castle woman has visited the district, which is reaching critical mass in fulfilling its vision as a place where people live, work and play.

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