News
New B&M Meats Inc., a leading manufacturer of raw sandwich steaks and chicken steaks in the Northeast United States, is expanding in the City of Wilmington and will invest more than $18 million in construction of a new 80,000-square-foot production facility and add 190 new jobs to the city’s foo...
Following a considerable site search that included major markets across the United States, the early-stage digital fintech company Investor Cash Management (ICM) has selected Wilmington, Delaware, as the site of its new $15.37 million headquarters and customer service center. The company, which started in 2018 and currently employs 30, plan...
Tacos and social media mix on Facebook
Dec 15 2021The proprietors of Tacos Explosivos "El Che" find a market for their food on Facebook. Jose Lopez said he started selling food out of his driveway but is growing his business through social media.
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WILMINGTON, Del. — Following a considerable site search that included major markets across the United States, the early-stage digital fintech company Investor Cash Management (ICM) has selected Wilmington, Delaware, as the site of its new $15.37 million headquarters and customer service center. The company, which started in 2018 and currentl...
Congratulations. Your business is growing! Revenue is up, and you just launched a new product that is flying off the shelves. The only problem is you need to hire more people and you have no place to put them. You have hired a site selector, and they have found th...
New B&M Meats Chooses Delaware as Home for Expanded Production, Diversified Product Offerings
Dec 13 2021WILMINGTON, Del. — New B&M Meats Inc., a leading manufacturer of raw sandwich steaks and chicken steaks in the Northeast United States, is expanding in the City of Wilmington and will invest more than $18 million in the construction of a new 80,000 square-foot food production facility and add 19...
Fintech startup ICM to bring HQ to Wilmington
Dec 13 2021WILMINGTON – Financial services technology startup Investor Cash Management (ICM), which recently inked a partnership deal with Delaware State University, is investing upward of $15 million to build its new headquarters in Wilmington and bring 395 employees to the state.
On Monday morning, the startup was unanimously approved for more tha...
Meat producer plans new $18M Wilmington plant
Dec 13 2021WILMINGTON – B&M Meats, a longtime wholesale Philly cheesesteak meat manufacturer in Southbridge, is planning a new $18 million plant to expand its production in the city.
A subsidiary of New Jersey-based Wonder Meats, B&M has 98 employees currently working at its butchering and manufacturing plant at 21 Commerce St. It’...
In August, Rocki Rockingham was named Chief Human Resources Officer for GE Appliances. Area Development’s editor recently asked her about the company’s strategy to build upon its recent global “Great Place to Work” recognition and to create a workplace culture that attracts and retains top talent.
Area Development: Despite the hig...
Talent-Based Location Strategies
Dec 9 2021As the U.S. economy continues its recovery from the impacts of the COVID-19 pandemic, employers are encountering an increasingly difficult talent landscape fraught with challenges related to the attraction and retention of the talent upon which their business relies. This is particularly true for the most advanced technical job roles...
Real work on broadband begins now
Dec 9 2021Now that President Biden has signed the infrastructure bill into law, the pundits are pivoting to ask whether this victory will lift his political stock. A better question is, “How can Delaware make sure this victory lifts up vulnerable families across our state?”
Biden’s bipartisan bill will deliver $1.425 billion t...
#PeopleOfWilmDE: Jaime Eyen
Dec 9 2021“Following graduation from then-Philadelphia University (now Thomas Jefferson University), I started my professional career as a retail manager at Macy’s. From there, I moved on to several managerial roles at Enterprise Rent-A-Car before finding my way into the financial services sector. I worked at two banks before joining the M&...
As the U.S. economy emerges from the 2020 recession, the U.S. labor market remains an area of concern for occupiers, investors, and the commercial real estate industry. The impact of the pandemic on the labor market has been sharp and severe, especially within urban areas. Although the economy is no...
The high cost of child care for Delaware
Dec 8 2021Child care is becoming tied to the future of women in the workplace. The older I get, the more I realize my mother is a superhero. Not because she’s obviously my Mom, but because she raised four children while working an 8-to-5 job.
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The world of real estate is making significant strides toward adopting the latest and most innovative technologies. But with more tech comes heightened risk. One of the latest ransomware attacks this year impacted up to 1,500 businesses globally by targeting U.S. IT company, Kaseya. Brazilian meatpacking company, JBS, also experience...
Big Tech Schools Us
Dec 6 2021Even as state and regional education systems and business coalitions roll out reams of computer, tech and STEM skills certification and boot camp programs, Big Tech behemoths is doing the same. Companies such as Google, Intel, Amazon, Facebook, Microsoft, LinkedIn and beyond have developed their own academic portfolios in orde...
DOVER – A year after the COVID-19 pandemic essentially ground travel and tourism to a halt for several months, Delaware is seeing a rebound in visitors, according to state officials.
Hotel occupancy is estimated to 31% increase this year, with hotel revenue rising 50% over last year’s difficult stretch.
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In 2010, Michigan’s economy was reeling. The Great Recession had hit the state hard and U.S. automakers were struggling to survive. Seeking to ease the pain, state officials authorized tax credits under the Michigan Economic Growth Authority (MEGA) program as part of long-term deals with distressed automakers. But the progra...
Data can serve as an important starting point for conversations about an inclusive economy, a way to objectively document disparities and guide outreach, policy and action. But where that data comes from (if it's even available) and how it's used isn't always simple and straightforward. Join us for a fre...
The first release of 2020 U.S. Census data has been made public and confirms a trend that demographers and interested observers (including site selectors) have been watching develop for several decades: The U.S. population is growing more slowly, aging more rapidly and continuing to diversify.
Here is a snapshot of som...
Wondering what types of virtual tours will increase your outreach exponentially? Offering a compelling location tour that doesn’t require travel. Site selection is a process of elimination, and VR is the most effective way to showcase your location convincingly and stay on top of site selectors’ lists. Not only doe...
#PeopleOfWilmDE: Kamil Bass
Dec 2 2021“I grew up in Newark, NJ and during my childhood I visited Wilmington often to visit my grandparents. After working in the transportation industry in New Jersey for a few years, I decided to move to Wilmington to open what is now Eat Clean. Three interesting facts about me ar...
It’s EVerywhere
Dec 1 2021Ford’s decision to make its biggest-ever investments in electric vehicles at sites in Tennessee and Kentucky serves to solidify the southern U.S. as America’s Ground Zero for EV production. In late September, the Detroit-based automaker announced plans with South Korean battery maker SK Innovation to invest a combined $11.4 billio...
Helping Surgeons Keep Their Cool
Dec 1 2021It is a classic scene from a TV medical drama. As a surgeon stands over the operating table, a nurse reaches up to dab the doctor’s damp brow. By the time the life-or-death procedure is over, the surgeon is soaked with sweat.
For many physicians, the depiction is all too real...