Stay in the Loop with Delaware Business News: Top Stories to Watch
Are you searching for the latest business news in Delaware? If so, you’re in luck! In this article, we’ll take a closer look at the top stories to watch in Delaware. From economic trends to new business ventures, we’ll cover it all. Let’s get started!
The State of Delaware’s Economy
One of the key topics on everyone’s mind is the state of Delaware’s economy. Has it been impacted by the recent pandemic? Well, the answer is both yes and no. Delaware’s unemployment rate has increased, currently sitting at 8.9%, which is higher than the national average. However, certain industries have remained resilient, such as construction and manufacturing. Moreover, Governor John Carney recently announced a $65 million grant program for small businesses impacted by the pandemic. So, while the situation is not perfect, the state is taking steps to help businesses survive and thrive.
Delaware’s Startup Scene
Delaware has been recognized as a top state for business formation. In fact, the state even has its own startup accelerator program, Delaware Innovation Space. The program provides entrepreneurs with access to lab space, funding, and mentorship. Since the program’s launch in 2019, it has helped create over 100 new startup companies. Additionally, Delaware has a thriving biotech industry, thanks in part to companies like Incyte Corporation and DuPont, both of which are headquartered in the state.
Delaware’s Renewable Energy Sector
Delaware is committed to increasing the use of renewable energy. One of the examples of this is the offshore wind farm that is currently under construction. When completed, it will produce 303 megawatts of clean energy, making it one of the largest offshore wind projects in the United States. Moreover, Delaware has set a goal of having 40% of the state’s energy come from renewable sources by 2025.
Delaware’s Healthcare Industry
Delaware’s healthcare industry is quite robust. It is home to several large healthcare providers, such as ChristianaCare and Nemours/Alfred I. duPont Hospital for Children. ChristianaCare recently opened a new state-of-the-art hospital in Newark, Delaware. Meanwhile, Nemours has been recognized as one of the best children’s hospitals in the country. Additionally, the University of Delaware has been working to train more healthcare providers to meet the state’s growing demand.
Final Thoughts
Delaware is a state that’s filled with exciting business opportunities. From renewable energy to healthcare, there are plenty of sectors that are thriving. While there are challenges to overcome, such as the impact of the pandemic on the economy, the state is taking steps to support businesses. As such, it’s an exciting time to be a part of Delaware’s business community.
