New Castle County and the Committee of 100 announced a new program Wednesday offering grants of up to $5,000 to restaurants in New Castle County to purchase equipment so they can continue offering outdoor dining once the weather turns cold. Restaurants will be able to spend the Winter Ready Restaurant Grant on items such as […]
Businesses that received small loans under the federal Paycheck Protection Program will have an easier time having those loans forgiven under new rules announced Thursday. The U.S. Small Business Administration, in consultation with the Treasury Department, unveiled a simpler application for businesses seeking not to have to repay PPP loans of $50,000 or less. U.S. […]
Delaware is about to add to the roster of publicly traded companies headquartered here. The latest is a Wilmington cancer drug company helped in its early years by two grants from the Delaware Strategic Fund. Prelude Therapeutics Inc. is planning an initial public offering of as much as $100 million in stock, according to its […]
WSFS Bank and Delmarva Power are each making donations to support small businesses in Delaware, the companies announced this week. WSFS is donating a total of $200,000 to four organizations in the region including Wilmington-based True Access Capital, a nonprofit lender which runs the Women’s Business Center, among other small business programs. Delmarva Power announced […]
Delaware entered Phase 2 of the state’s economic reopening on Monday, enabling businesses like restaurants and retail shops to increase their indoor capacity. As Delaware businesses look to adapt to new ways of doing things, the SmallBusinessTrends website pulled together suggestions from various blogs about moves business owners may wish to consider. From increasing spending […]
A new program that starts on Friday will make it easier than ever to shop and dine in downtown Wilmington. Free valet parking will be offered at three intersections on Market Street — 5th, 7th and 9th streets – and parking spaces will be designated for curbside pickup from downtown restaurants and shops, as part […]
The post It’s easier than ever to shop and dine in downtown Wilmington appeared first on Division of Small Business – State of Delaware.
The federal Paycheck Protection Program Flexibility Act, which was signed into law June 5, makes several significant changes to the program designed to make it easier for businesses to have at least a portion of the loan forgiven. Under the new law, businesses need to spend at least 60 percent of the loan on payroll, […]
The post If you received a PPP loan, you’ll want to know about these changes appeared first on Division of Small Business – State of Delaware.
This is a news release issued by Barclays US Consumer Bank Nonprofit organizations in Delaware, Nevada and Ohio are latest to receive funds from the global $125 million Barclays’ COVID-19 Community Aid Package May 26, 2020 11:11 AM Eastern Daylight Time This is a news release issued by Barclays US Consumer Bank WILMINGTON, Del.–(BUSINESS WIRE)–Barclays […]
The post Barclays US Consumer Bank to Support Communities Impacted By COVID-19 appeared first on Division of Small Business – State of Delaware.
PRESS RELEASE For Immediate Release Contact: Kelly Pitts May 13, 2020 [email protected] (302) 744-2304 KENT COUNTY LEVY COURT ESTABLISHES A COVID-19 BUSINESS RELIEF FUND Dover, Del. – What grew out of a request for assistance from the Central Delaware Chamber of Commerce to help businesses acquire Personal Protective Equipment and cleaning supplies, became the establishment […]
The post Kent County Levy Court Establishes a COVID-19 Business Relief Fund appeared first on Division of Small Business – State of Delaware.
Banks can begin submitting applications to the Small Business Administration for the second round of Paycheck Protection Program loans on Monday, so if you haven’t applied for a PPP loan yet, where should you apply? Laura Bilazarian, a venture capitalist and company founder who has been writing about the PPP, has a post out suggesting […]
Fifteen small businesses on Wilmington’s Wast Side have been awarded grants of $500 each through a program run by the West Side Grows coalition. The program assists small businesses in the West Side neighborhood that have experienced a drop in business as a result of the Coronavirus pandemic. The organization is accepting applications for a […]
The post 15 Wilmington West Side businesses awarded micro grants appeared first on Division of Small Business – State of Delaware.
Inc. Magazine and the U.S. Chamber of Commerce hosted a webinar last week with advice for small business owners on applying for the $349 billion Paycheck Protection Program (PPP). The magazine summarized some of the major takeaways from the webinar in an article: 1. Accepting a reduced PPP loan of less than 2.5 months payroll […]
Sigma Data Systems Inc. in Newark is facing the same problem other businesses large and small are dealing with in the age of coronavirus: how to change business practices to keep things safe for customers and employees. The IT services support company serves clients whose business is essential, even during these difficult times. So, it […]