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This week
Job fair
coming to
Wilmington. 4
Deadline
approaches for
applying for
e commerce
training event. 7
Drones on agenda
at Tech Forum get-
together. 9
Data Centers
look at Cecil
County site. 3
B
olstered by abundant gas supplies,
Delmarva Power fled two natural gas rate
changes with the Delaware Public Service
Commission that will cut the winter heating bills
of many residential customers by about $10 a
month.
Commercial and industrial customers rates
would decrease in the range from 3.5 percent to
12.8 percent. Te monthly bill impact among
those customers will vary with usage. Te rate
changes are subject to approval by the Delaware
Public Service Commission.
It is the fourth straight year of gas cost
reductions for Delmarva Power customers.
Separate charges are levied on the costs of
maintaining the gas system.
Both of the proposed rates will take efect with
usage on or after Nov. 1., the start of the heating
season.
Te reduction amounts to a 7.3 percent cut. It
will cut the average residential bill from $139.33
to $126.16.
Delmarva fles to lower gas
rates as supplies increase
From previous page
Supplies from the Marcellus shale gas deposits in Pennsylvania are coming
online without major increases in demand, factors that lead to rate cuts. Tis
comes despite electrical generation in the region moving toward natural gas.
Delmarva has seen growing demand for natural gas service in its service area
that includes a large part of New Castle County. Te Middletown-Odessa-
Townsend area and communities to the south are served by Chesapeake
Utilities. Chesapeake, which is based in Dover, has reported strong earnings in
the frst half of 2014. Te company has expanded its natural gas system into
new portions of its service area, as well as Cecil County, Md. and a portion of
Florida.
Delmarva was recently granted more fexible rules governing the costs of
installing gas lines to new customers in areas.
Delmarva did caution that natural gas rates are volatile and might rise in
coming years. Some industry analysts say rates could go rise as more gas-fred
power plants are built. Gas fred power plants will come on line in coming
years in the Dover area and in Cecil County.
B
ryn Mawr Bank Corporation reported it entered into a stock purchase
agreement to acquire Powers Craft Parker & Beard, Inc. independent
insurance brokers and risk management consultants. Powers Craft is
based in located in Rosemont, Pa.
Brywn Mawr has banking and investment operations in northern New
Castle County, Del.
Powers Craft provides consulting services for personal and commercial
insurance clients.
Founded in 1922, the company has been serving the insurance and risk
management needs of its clients for more than 92 years.
Ted Peters, CEO of Bryn Mawr stated, We are excited to have Powers
Craft Parker & Beard join the Bryn Mawr Trust organization. Tey are one
of the premier agencies in the Philadelphia area and will greatly enhance
our ability to ofer high quality insurance services to our existing and new
clients.
Te company is licensed to do business in 34 states and has expertise in
structuring comprehensive insurance/risk management programs.
I am pleased to have this group of experienced professionals join Bryn
Mawr Trust, said Frank Leto, president and COO of Bryn Mawr.
Bryn Mawr buys insurance
broker Powers, Craft, Parker
Data Center takes look at Cecil County property
T
he Data Centers is looking at a site in
western Cecil County, Md. after the
University of Delaware terminated plans
for a $1.2 billion project on the University of
Delaware STAR campus.
Te Cecil Whig reported that Lisa Webb, who
heads economic development in the county, stated
that the Principo Business Park near Perryville, is
one of many sites being studied by the start-up
company.
Excavation workis getting under way on a
clearing a1.2 million square footsite at the
business park, the Whig reported. No tenant has
been announced for the site. Te work would give
the site shovel ready status.
Te business park is the home of a massive
distribution center for the Restoration Hardware
chain.
Te site is near Interstate 95 and the routes of
fber optic systems that run along the Northeast
Corridor and could feed into a data center.
Other areas, including Dover, have expressed
interest in the project.
UD terminated the lease for the Data Centers
after ferce opposition from neighbors and
environmental activists who claimed the site would
bring everything from air pollution to climate
change to the city.
Residents Against the Power Plant also
unleashed a barrage of social media, web
postings, legal action and even demonstrations at
times when prospective students were visiting the
UD campus.
Te controversy has led to fears that the business
climate in the Newark area has been damaged.
Data Centers, a start-up company based in West
Chester, ended up on the defensive through the
process. Te STAR Campus is at the site of the
former Chrysler assembly plant. It is the home
of a Bloom Energy manufacturing site. Plans call
for a combination of businesses, classrooms and
research areas at the site.
Click on the following link for the full story:
Large building site slated for Principio Business
Park Cecil Daily: Local News.
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U
.S. Sens. Tom Carper and Chris
Coons, and U.S. Representative
John Carney, in partnership with
Brandywine Counseling and Community
Services, will host a job fair on Friday, Sept. 5
from 10 a.m. to 2 p.m. at Delaware Technical
Community College Wilmington campus,
333 N. Shipley Street Wilmington.
A day before o the job fair, the delegation
will host a job skills workshop from 10 a.m.
to 3 p.m. at the Wilmington Library at 10
East 10th St. Te sessions will cover resume
building, interview skills and dressing for
success. Tere will also be a room arranged like
a job fair for participants to get a feel for how
a job fair works. Community partners who
are hosting the seminars include Career Team,
Mary Sherwood and One Village Alliance.
Te delegation is also seeking interested
companies seeking to fll positions. Tose
who are looking to hire can contact Senator
Coons ofce at 302-573-6345. Businesses will
be on hand at the fair to meet potential new
employees, and only employers with positions
to fll will be permitted to attend.
I am proud to partner with Senator
Coons and Congressman Carney to help
hard-working Delawareans fnd high-quality
job opportunities, said Carper. Helping
to create a nurturing environment for job
creation in Delaware and across the country
is one of my top priorities. We have a world-
class workforce here in the First State and the
upcoming job fair will link people who are
looking for work with employers that are eager
to hire.
Te most important issue facing Congress is
how we can put more Americans back to work
and help them secure a middle class lifestyle,
said Carney. Despite the success weve had
at previous job fairs, too many Delawareans
continue to struggle and cannot fnd jobs
to support themselves and their families. In
addition to the work I do in Washington, as a
delegation, we will continue to host these job
fairs to help skilled, qualifed job seekers fnd
employers looking to hire.
Job fair scheduled for Sept. 5
at Delaware Tech Wilmington
iBio, Inc., Newark, announced it has entered into
a common stock purchase agreement with Aspire
Capital Fund, LLC.
iBio develops vaccines through the use of a plant-
based process.
Aspire Capital will complete an initial purchase
of 1,136,354 shares of common stock at $0.44
per share, the closing sale price of iBios common
stock on the NYSE MKT on the business day prior
to entry into the purchase agreement with Aspire
Capital, for proceeds of $500,000.
After the SEC declares a registration statement
efective relating to the transaction, Aspire Capital
has committed to purchase up to $9.5 million in
additional shares of common stock over a 24 month
period.
Tis agreement will enable iBio to sell shares
to Aspire Capital from time to time at prices
approximating the market price of our shares at
the time of each sale, said Robert B. Kay, iBios
CEO. We believe this agreement is particularly
appropriate for iBio at this time. It helps to assure
adequate funding for our fbrosis drug development
to a point at which efcacy may be demonstrated
and will help to enable expansion of our Brazil
product partnerships. At the same time, as we work
to achieve our various milestones and increase our
stock price, this agreement will allow iBio to sell
shares at higher prices over time thereby reducing
our cost of capital and minimizing dilution.
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T
he Delaware
Business
Bulletin is
an electronic business
journal published in
a digital format each
Wednesday by Bird
Street Media, LLC,
Newark, Del.
Te Business Bulletin is now accepting
reservations for advertising as well as
sponsorship opportunities.
For further information on advertising
and sponsorships, e-mail drainey@
delawarebusinessdaily.com
Te Business Bulletin and the companion
DelawareBusinessDaily.com website are
proud members of Local Independent
News Publishers (LION).
iBio Inc. enters into stock purchase
agreement with Aspire Capital Fund
W
estside Family Healthcare marked
the opening of its new dental ofce,
which will serve the greater Kent
County community, with a ribbon cutting
ceremony. Te new dental ofce is located at
1020 Forrest Avenue, Dover, adjacent to Westside
Family Healthcares health center.
Access is the Answer, and Westside Family
Healthcare is grateful to have the support of the
community as we open our doors to ofer access
to afordable, quality oral health services to the
greater Kent County community, said Lolita
Lopez, CEO. Tis is a community that has long
been underserved, and we look forward to working
with our patients as partners to improve their oral
health.
Te dental ofce will serve Delawareans who
reside in the greater Kent County arae including
northern and western Sussex County.
Located in the Gateway West Shopping Center,
the dental ofce is opening its doors after receiving
$1,022,123 in capital funds from the U.S.
Department of Health and Human Services (HHS)
Health Resources and Services Administration
(HRSA) through the Afordable Care Act to
renovate and equip the facility. Westside Family
Healthcare also received grant support for
operations of this program through the Longwood
Foundation, Highmark Delaware BluePrints for
the Community, Lafey McHugh Foundation,
Potter Charity Trust, and M&T Charitable
Foundation.
In addition to oral health services, Westside
also provides at this location family medical and
prenatal care; as well as support services such as
social work, chronic disease case management,
and enrollment and fnancial aid assistance. Te
centers opening will provide an opportunity
to improve the health status of residents of this
community.
Recently, Kent Countys residents were identifed
as having the poorest quality of health among all
three counties.
For further information log on to www.
westsidehealth.org.
Westside Healthcare opens dental ofce in Dover
In attendance were from left, Kevin M. Baird, Beryl
Barmore, Sen. Bethany Hall-Long, D-Middletown,
Dover Mayor Robin Christiansen, Sen. Brian
Bushweller, D-Dover, Rep. John Carney, D-Del., Lolita
Lopez, Sen. Tom Carper, D-Del., Sen. Chris Coons,
D-Del., Tom Stephens, Daniel Hawkins and Donna
Goodman.
T
he best and brightest eCommerce and
social media experts will ofer advice for
using the latest technologies and strategies
at a three-day training event to be held Sept. 16-18
at Delaware Technical Community Colleges Terry
Campus in Dover.
Your Virtual Potential: A Tree-Day eCommerce
Training Event will focus on broad topics to help
entrepreneurs use the Internet to their advantage
while also drilling down on specifc opportunities
for success and potential trouble spots to avoid.
Te event is being organized by the Delaware
Economic Development Ofce.
eCommerce and digital technologies are so
crucial in todays business world that its not a
question of whether or not you should be using
them, but rather how you can use them to increase
sales, service and exposure, DEDO Director
Alan Levin said. Delaware businesses both large
and small have been riding this wave and staying
current, and we want to keep it that way as
technology grows and evolves.
Te majority of the speakers and presenters
taking part in this years training seminar are
business owners who are successfully implementing
eCommerce and Internet marketing strategies.
Te lineup also features experts who help business
owners and
entrepreneurs set
up and enhance
these tools. Te
event, the seventh
held by DEDO
over fve years,
will include the
following topics:
- How to Get Started Selling Online
- Web Design/Development
- Website Optimization
- Leveraging the Internet for Growth
- Social Media Tactics
- Related Legal Matters
- Building Your Online Reputation
- Technology Tools Necessary to Scale You Business
in a Digital Economy
- Funding for Your Digital Technology Projects
- Alternative and Traditional Funding Solutions for
Small Business Owners
- Vital Technology Tools for Software Solutions
Tere is nothing quite like having small business
owners share eCommerce strategies and tools that
they themselves are using to sell products and
market their business online, said Ken Anderson,
Entrepreneurial and Small Business director for
DEDO. Tis is not an academic exercise. Tis
course will cover tools and strategies that small
businesses, most of which are based here in
Delaware, are using to make money and promote
their businesses in the digital space.
As in previous eCommerce events, there will
be no cost to participants for the training, and
priority for selection will be given to those who
commit to attend all three days of training.
Capacity is limited. Exceptions to this requirement
must be addressed in advance. Participant selections
will be limited to 50 and will be based upon
timely and complete submission of applications
and an internal review by DEDO. All successful
participants of the three-day course will receive a
Certifcate of Completion.
To be considered for participation, applications
must be received by Noon, Friday September 5.
Interested parties can access the applicationvia the
Delaware Economic Development Ofces website.
Questions and/or requests for additional
information can be submitted to Elaine Tull
atElaine.Tull@state.de.usor Ken Anderson
atKenneth.R.Anderson@state.de.us.
Deadline approaches for eCommerce training event
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Painting With a Twist to pair
art and wine at Newark studio
Local
entrepreneurs
Stephanie and
William Rhodes
are about to open
Painting with a
Twist of Newark,
a business that
combines painting with friends and a glass of
wine. An opening date of Sept. 10 has been
announced.
Te business will be located at 400
Suburban Drive in the Suburban Plaza
shopping center.
Led by local art instructors, guests paint on a
bare canvases using paint and brushes provided
by the studio.