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News
Delaware County shaves $18 million off capital budget
3+ week, 1+ day ago (717+ words) Costs for capital improvements this year are $18 million less than anticipated, Delaware County officials reported this week. County Chief Financial Officer Kelly Diaz explained that the capital budget is the financial plan for how the county will maintain its 85 facilities…...
DoorDash Quits Delaware, $3+ Trillion Moves to Texas, Nevada
1+ mon, 2+ day ago (760+ words) For more than a century, Delaware enjoyed something close to an automatic presumption in American corporate law: If you were building a major company or preparing to go public, you incorporated in Delaware. That presumption no longer exists. On Tuesday,…...
What Wilmington's new budget means for property owners
2+ mon, 2+ week ago (635+ words) Much like a family budget, crafting a municipal budget can be a delicate balancing act, weighing needs and wants against pocketbooks. It can involve the tax rate, what to include and if it's a good idea to dip into the…...
Newark city employees secure raises in new AFSCME union contract
3+ mon, 3+ week ago (103+ words) Newark city employees will receive raises and other benefits after the city and AFSCME Local 2963 finalized a contract. Newark city employees secure raises in new AFSCME union contract The city of Newark and a union representing some city employees finalized…...
Rising prices at the pump raise gas tax holiday questions in Delaware
3+ mon, 4+ week ago (79+ words) Several states have enacted or are considering enacting temporary pauses on their state gas taxes. Is Delaware next? Rising prices at the pump raise gas tax holiday questions in Delaware Could Delawareans soon catch a break at the gas pump?...
Texas Capital to remain incorporated in Delaware after 'Dexit' vote fails
4+ mon, 2+ week ago (505+ words) Texas Capital Bancshares would have become the latest company to join the "Dexit" trend, but shareholders said no. The Dallas-based parent company of Texas Capital Bank put forth a proposal to move its corporate charter to Texas and leave Delaware....
It's Delaware’s $300 million moment. Build a job engine now | Opinion
4+ mon, 3+ week ago (277+ words) Delaware, we should be very concerned. Eli Lilly chose Allentown over us. Incyte, headquartered in our own backyard, reversed course on a major investment in downtown Wilmington. Exxon moved its franchise operation from New Jersey to Texas without Delaware even…...
The data behind Delaware's ‘corporate exodus’ tells a different story
4+ mon, 3+ week ago (819+ words) • Amid legal rulings and culture-war politics, a series of high-profile large firms relocated their incorporations away from Delaware. The move has been dubbed “the DExit.” • But aggregate formation data show those Fortune 500 moves were the exception. Business applications increased after…...
Delaware bill aims to eliminate credit card processing fees on tips
5+ mon, 3+ day ago (371+ words) SUSSEX COUNTY, Del. - A proposed bill in Delaware could change how small businesses and restaurants handle tips paid by credit card. The legislation would prohibit credit card companies from charging processing fees on gratuities — a move that many restaurant owners…...