Delaware Business Magazine November/December 2025

DELAWARE

BUSINESS November/December 2025

$5.00

Superstars in Business Celebrating 27 years of small business excellence

A PUBLICATION OF THE

CHAMBER OF COMMERCE

Periodicals

DELAWARE STATE

THE DELAWARE STATE CHAMBER OF COMMERCE CORDIALLY INVITES YOU TO THE

189 ANNUAL

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DINNER FEATURING

RODGER LEVENSON CHAIRMAN, PRESIDENT, AND CEO, WSFS FINANCIAL CORPORATION

MONDAY, JANUARY 12, 2026 4:00 PM - 7:15 PM | CHASE CENTER ON THE RIVERFRONT, WILMINGTON

LEARN MORE AND REGISTER: For more information, contact Kelly Basile at kbasile@dscc.com

Nearly 250 business and policy leaders gathered in Dover for this year’s Developing Delaware conference in October. From national site selection trends to on-the-ground development shaping Delaware’s communities, it was a packed event filled with insights from state and local leaders and ideas to keep the First State moving forward. Pictured, left to right: Governor Matt Meyer and Ron Starner of Conway Data and Site Selection Magazine.

Departments President’s Message...........................2

In this Issue Features

SUPERSTARS IN BUSINESS.......................................................................... 17 Habitat for Humanity of New Castle County Grey Fox Wealth Advisors JLAM Boulden Brothers

CONSTRUCTION & REAL ESTATE.................................................................. 29

Legislative Priority...............................3 Looking Back on 2025 Member News and Notes....................5 Business Spotlight: Staybridge Suites Downtown Wilmington Nonprofit Spotlight: Hart of Gold Care Chamber Scene................................. 13 Welcome New Members.................... 14

Blueprints for Delaware’s Future

Chamber Calendar............................ 53

INNOVATION & TECHNOLOGY....................................................................... 36

Newsbites......................................... 54

Where Innovation Meets Institutional Excellence Qnity: Powering the Next Leap in Electronics

BANKING................................................................................................... 47 Position Your Business for Success in the New Year

On The Cover

Habitat for Humanity of New Castle County, a 2025 Superstar in Business in the nonprofit category. Photo by Nick Wallace Photography.

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In Case You Missed It........................ 59 For Assistance, Contact the Chamber..................................... 60

Volume 30, Number 6 / Delaware Business (USPS 012098) (ISSN 153253542) is published bi-monthly by the DSCC Center for Business Management. Subscription price is $30 a year (included in membership dues). Known office of publication is 1201 N. Orange St., Suite 200, Wilmington, DE 19801. Periodicals postage paid Wilmington, DE 19850.

Postmaster: Send address changes to Delaware Business, c/o DSCC Center for Business Management, P.O. Box 671, Wilmington, DE 19899-0671. Telephone (302) 655-7221.

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Message from the President Among Delaware’s business treasures is its robust financial services sector. We have large money-center banks with substantial footprints, super-regional banks, community banks, and more.

Add to the landscape credit unions, licensed non-depository institutions, brokers, and advisors, and you have Michael J. Quaranta quite the range of providers. These providers offer the liquidity to operate, financing for growth and expansion, resources for customer purchases, retirement strategies for employees, treasury and investment functions, and credit cards for a variety of purposes. Bookkeeping and accounting services provide the information necessary for sound management decisions, while audit work gives investors, customers, and employees confidence that all is well. The list is practically endless.

Broadly defined, the financial services sector employs tens of thousands of Delawareans and contributes substantially to state revenues.

Broadly defined, the financial services sector employs tens of thousands of Delawareans and contributes substantially to state revenues. These companies share generously with the community, donating volunteer hours that have real impact, offering advice and leadership on nonprofit boards, and giving philanthropically to support everything from food for the needy and school supplies to festivals and the arts. Other regions are not as fortunate to have such a diverse mix of providers, along with the stability, safety, and soundness that make risk-taking and business growth possible.

We oftentimes take the contributions of this sector for granted, and we should not. They are the backbone of every entrepreneur with an idea and every two-hundred-year-old business reimagining itself for the fiftieth time.

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DELAWARE STATE CHAMBER OF COMMERCE

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DELAWARE BUSINESS EDITORIAL STAFF Marie Holliday, CPA Chair

Michael J. Quaranta President

Regina Donato Editor

Christina Jones Graphic Design

Andrew Cottone, Ph.D. Aternium

Robert McGuckin Verizon

Greg Smith The Chemours Company

Dr. LaVerne T. Harmon Wilmington University

Michael A. Meoli The Meoli Companies

Tom Horne JPMorgan Chase

Nicholas A. Moriello, RHU Healthcare Innovation Acceleration, LLC

David A. Tam, MD, MBA, CPHE, FACHE Beebe Healthcare

BOARD OF DIRECTORS CHAIR Marie Holliday, CPA The Bonadio Group VICE CHAIR John C. Gooden M. Davis & Sons, Inc. Catherine M. Bassett Mountaire Farms

Natalie Keefer Bank of America

Bridget Therriault AstraZeneca Ann B. Wayne SUN Behavioral Delaware

BOARD OF GOVERNORS Michael A. Albero, CPA, Ernest Dianastasis The Precisionists, Inc. MST* AKA Advisory, LLC Brian DiSabatino Tony Allen, Ph.D. EDiS Company Delaware State University Walter Donaldson Pierre Anderson Freeh Sporkin & Sullivan, Artesian Water Company, Inc. LLP

Cathy Kanefsky Food Bank of Delaware

Lloyd A. Ricketts Wilmington University

Colleen Perry Keith, Ph.D. Robert “Rob” Rider, Jr. Goldey-Beacom College O.A. Newton Melissa Kenny ShopRites of Delaware

Bettina Tweardy Riveros ChristianaCare

Apollo Khine Salvatore J. “Chip” Rossi ​Barclays US Consumer Bank Jake Ruddy Matthew Lantange PCS Christopher W. Baker Janet Dougherty TD Bank George & Lynch, Inc, Fulton Bank, N.A. Rhett Ruggerio Alan Levin Ruggerio Willson Watson Greg Ballance Thère du Pont SoDel Concepts Diamond Technologies Longwood Foundation Dennis M. Salter Andy Lubin Scott Baylis Edinburgh Capital Jerry Esposito Delaware Financial Group WSFS Bank Management LLC Espo Enterprises, LLC Mac Macleod Mike B. Berardi Greg Sawka John C. Fannin III Carvertise Wohlsen Construction Co. Bancroft Construction Harvey, Hanna & Associates Company Scott Malfitano Adam Blackford G. Kevin Fasic, Esq. CSC Agilent Technologies Chris Schell Offit Kurman Schell Brothers William E. Manning Robert A. Book II Jennalee Fede, PE Saul Ewing LLP Delaware Electric Albert Shields Verdantas LLC Cooperative Paul M. McConnell Delaware Athletics, Julian H. “Pete” Booker Brian Frazee McConnell Development, Inc. Community, & Campus Delaware Healthcare Delaware Public Media Recreation Katie McEvoy Association Jennifer Gimler Brady AT&T Delaware Robert S. Smith Potter Anderson & Corroon Donald T. Fulton Santora CPA Group Gregory Miraglia Weiner Benefits Group LLP PNC Bank Jonathan Starkey Martha S. Gilman Dr. Mark T. Brainard Delaware State University Cornell Property Jeff Mitchell Delaware Technical Management Corp.

Siegfried Advisory Community College Mark Stellini Joseph V. Giordano Jonathan D. Moll, CPA Assurance Media Beth G. Brand Whisman Giordano & Belfint, Lyons & Shuman Mike Tatoian University of Delaware Associates, LLC Dover Motor Speedway Desa Burton Chad Moore Terry Glebocki Zip Code Wilmington Beacon Hospitality Jim Taylor Delaware Park Casino Darren Buseman Saul Ewing LLP Terry Murphy & Racing B&M Meats, Inc. Bayhealth Medical Center Ivan Thomas Jason D. Gonzalez Robert L. Byrd Janice Nevin, M.D., MPH DETV DuPont ByrdGomes ChristianaCare Jana Tidwell Logan S. Herring, Sr. Patrick Callihan AAA Club Alliance Chris O’Neill The WRK Group Tech Impact PSCI Michael S. Uffner Kirsten Higgins Christopher Carroll Jed Patterson AutoTeam Delaware Tidewater Utilities, Inc. Comcast LabWare Mike Vanderslice Michael Houghton Stuart Comstock-Gay Chris Perdue Environmental Alliance, Inc. Morris, Nichols, Arsht & Delaware Community Perdue Farms Tunnell, ret.

Foundation Rod Ward Robert W. Perkins Tim Houseal† CSC Charlie Copeland Brandywine Public Associates International, Inc. Young Conaway Stargatt Robert W. Whetzel Strategies & Taylor, LLP Pam Cornforth Richards, Layton & Finger Chip Rankin Ronald McDonald House Jessica Hunt Ed Winslow MilliCare Siemens-Healthineers Charities of Greater Delaware Citizens Bank Michael Ratchford Mark Hutton Jason Danner W. L. Gore & Associates, Inc. Kevin M. Wolfgang M&T Bank Kelly Benefits Strategies Evergreen Apartment Group Rick Deadwyler Dr. Rob Rescigno LeVar Johnson Corteva Agriscience™ Collaborative Consulting LLC *Treasurer †Counsel Novo Nordisk Steve Baccino Chesapeake Utilities

Lisa M. Donlon, PE VanDemark & Lynch

STAFF Michael J. Quaranta President Kelly Basile Chief Operating Officer 1201 NORTH ORANGE STREET, P.O. BOX 671 • WILMINGTON, DE 19899-0671 WWW.DSCC.COM

Danielle Blake Vice President, Member Engagement

Melissa Brayman Director, Administration & Finance

Damon Howard Manager, Digital & Print Advertising

Amanda Schimmel Manager, Marketing & Accounting

Regina Donato Director, Communications

Tyler Micik Director, Public Policy & Government Relations

Kerri Welcher Manager, Events

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LEGISLATIVE PRIORITY

Looking Back on 2025

PHOTO BY DICK DUBROFF/FINAL FOCUS

BY TYLER MICIK

AS THIS YEAR comes to an end, I thought this would be a good opportunity to reflect on 2025 and focus on what may lie ahead in 2026. As I mentioned in my last article, this year was one marked by transition. Delawareans witnessed significant changes regarding the state’s elected and appointed leadership. This included the swearing-in of a new governor, lieutenant governor, and mayor of the state’s largest city; nine new legislators to the Delaware General Assembly; new leadership across state departments and agencies; and changes to Delaware’s congressional delegation.

With so much change happening around us, it has never been more important for business leaders to build relationships with their elected officials. Throughout this fall, the State Chamber has helped organize several of these meetings, and we plan to schedule more before year-end. This included a meeting at The Bonadio Group, a certified public accounting firm, with Sen. Spiros Mantzavinos. Meetings like this are a perfect example of our members and elected officials coming together to build relationships and discuss issues.

The State Chamber would like to extend a thank-you to our members for hosting these meetings and to members of the General Assembly for taking the time to participate. These conversations not only highlight the priorities of business owners and the challenges they face but also the challenges that lie ahead for the General Assembly.

One issue is the state budget. The General Assembly passed DELAWARE BUSINESS

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a $6.5 billion operating budget for fiscal year 2026. If revenues soften, as expected, the state may need to rely on its Budget Stabilization and Rainy Day Fund. More importantly, less money means that the General Assembly’s ability to fund any bills requiring a fiscal note becomes increasingly difficult.

While we may not always agree on policy issues, a lot can be learned by sitting down at the table and listening to one another.

Differences aside, we’re all working toward making Delaware a better place.

As we approach a new year, the State Chamber is in the process of drafting its 2026 Competitiveness Agenda. We’re looking for recommendations and feedback from our members on issues we can prioritize to enhance Delaware’s competitiveness and improve the state’s rankings on key indicators, including factors like business friendliness and the cost of doing business. Data points like these highlight areas where Delaware is doing well and, alternatively, where it has room for improvement. If you have any recommendations, please reach out to me at tmicik@dscc.com.

Tyler Micik is the Delaware State Chamber of Commerce’s director of public policy and government relations.

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Member

news&Notes BUSINESS SPOTLIGHT:

Staybridge Suites Downtown Wilmington For business leaders flocking to the First State, travelers may be surprised to discover a new selection for their visit: Staybridge Suites Downtown Wilmington, by IHG. Opened just over three years ago as a conversion of a prior office building, Staybridge Suites functions like standard lodging but specializes as an extended-stay hotel, providing apartment-like accommodations and additional business-quality services for guests to feel at home during their stay.

Owned by Driftwood Hospitality Management, which also manages brand locations such as Marriott, Hilton, Hyatt, and Best Western throughout the country, Staybridge Suites Downtown Wilmington serves as a local franchise of the well-known Staybridge Suites hotel experience. Suites are equipped with full-sized kitchens, access to a 24-hour business center and two meeting rooms, as well as a full laundry area and gym.

Guests are served a complimentary breakfast seven days a week and can attend evening receptions on select days.

Jason Petrak, director of marketing for Staybridge Suites Downtown Wilmington, explains their approach to fulfilling guest needs. “A lot of our

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guests, whether business travelers, families in transition, or just someone looking for an extended vacation, typically spend a week or even up to a month with us,” says Petrak. “It’s all about creating that comfortable environment where they’re taken care of throughout their visit.”

“One of the most prominent details that makes us stand out as a lodging option is our customer service and what guests are saying about us,” continues Petrak. “This speaks volumes to our fantastic staff. Management works hard to motivate our team in taking the best care of our guests, which is reflected across guest service scores, maintenance requests, cleanliness, and more. We’re further supported by Driftwood Hospitality Management, who

BY COLIN HEFFINGER

wholeheartedly invests in our team to ensure we have everything we need to excel in our daily work.”

Currently, Petrak is excited about new business activity in the surrounding area.

Out of the five surrounding buildings that have been unoccupied recently, at least two will be converted into additional research and development spaces for Incyte, a biopharmaceutical company well-known for its treatments for rare and hard-to-treat diseases. Other nearby buildings are also likely to be picked up by innovative firms, creating new opportunities for Staybridge Suites to support researchers and business leaders visiting from across the country.

“Being a business in Delaware is different from operating in other states,” finishes Petrak. “I’ve been living and working in Delaware for thirty years, and business reputation really matters here thanks to our tight-knit communities.

A lot of people know each other and work together throughout all levels of business. As we continue to set footholds here in Wilmington, our biggest priority is getting the word out about who we are and what we provide for our guests. All in all, we’re just here to take care of people.”

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Member

news&Notes NONPROFIT SPOTLIGHT:

Hart of Gold Care

When it comes to helping others, it doesn’t take a heart of gold to change a life forever. But for Sharon Harris, founder and director of Hart of Gold Care, that generosity has fueled her work for many years, even before registering as a nonprofit. With a dedicated team of leaders, volunteers, and community partners across Middletown, Del., and Pennsville, N.J., Hart of Gold Care provides support for individuals facing challenging times, helping them regain stability and selfsufficiency.

“We provide services such as transitional housing, supportive programs, and document recovery for veterans, the homeless, and those transitioning from incarceration,” Harris explains. “If someone has been homeless, how can we expect them to find a new home if they don’t have their IDs or Social Security card? We don’t send them elsewhere. Instead, we assist them in obtaining their necessary documents and provide the training, programs, and resources to empower individuals for reintegration into society.”

One of Hart of Gold Care’s most impactful programs is its entrepreneur program, which teaches individuals how to align building self-confidence and resilience with starting a business. “This has become more popular than I could have imagined,” Harris says. “Each year, new and returning volunteers are excited to teach someone else because they didn’t have access to this help themselves when they needed it. They’re determined and engaged, serving as meaningful role models for those now facing what they once went through.”

BY COLIN HEFFINGER

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To expand its programs, Hart of Gold Care partners with other businesses and nonprofits. The organization is currently working with school districts to provide gang, suicide, and homelessness interventions in K–12 schools. They are also working directly with prisons to teach entrepreneur programs, supported by group leaders and resources that help those incarcerated get started on the right path. Harris is eager to explore even more opportunities to collaborate with other organizations.

Recently, Sharon has pursued a new initiative to create a community resource center on her New Jersey property. It began as a modest agricultural program with only seeds and a few residents.

Today, participants produce more than enough squash, peppers, collard greens, beets, green beans, and carrots to give

back to their communities. Sharon is also collaborating with Rutgers’ agriculture program to build a robust curriculum, hoping the resource center will serve as a one-stop shop for the individuals served by Hart of Gold Care. The project is currently open for funding.

In reflection of her experience as a business owner in Delaware, Sharon states the indispensable value of “networking with other businesses as a tremendous opportunity” for her work.

“It’s all about meeting people with similar passions who are also looking to make a real difference,” says Harris. “When I first started out, it was just me. Networking helped me see that there’s so many people who want to help and partner with you for a shared cause. A single person can help a family, but together we can help a village.”

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Delaware’s Competitive Edge

HIGHER EDUCATION IS OUR STATE’S ENGINE FOR GROWTH

BY NICOLAS JAFARIEH In Delaware, we know that talent is our most valuable resource, and we know where that talent is forged — in our colleges, our universities, and our technical institutions. Higher education isn’t just a personal milestone; it’s a public good. It’s the engine that powers our economy, strengthens our communities, and unlocks opportunity for every Delawarean.

While Delaware may be small, our higher education system delivers outsized results — generating billions in economic activity, supporting tens of thousands of jobs, and supplying the workforce that drives our most vital industries: financial services, biotech, clean energy, and advanced manufacturing. When higher education is strong, Delaware is unstoppable.

Our institutions are the backbone of this success. The University of Delaware leads global research and innovation in a number of fields. Delaware State University, one of the nation’s premier HBCUs, expands access and delivers transformative outcomes for students.

Wilmington University and Delaware Technical Community College prepare graduates for high-demand careers in health care, IT, and beyond, equipping Delaware businesses with the skilled talent they need to grow and compete.

But the value of higher education goes far beyond economics; it’s about empowerment. It’s about giving individuals the tools to shape their own

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futures, to rise above circumstance, and to contribute meaningfully to society. A college degree doesn’t just open doors professionally; it builds confidence, cultivates leadership, and fosters civic engagement. It creates ripple effects that strengthen families, neighborhoods, and entire communities. And that empowerment is strongest when students can complete their education, which is why Delaware’s institutions and business leaders — including partners like Sallie Mae — are working together to help students not only access higher education, but finish strong.

The data is clear: Bachelor’s degree holders earn nearly 70% more than those with only a high school diploma.

And in Delaware, that return is amplified by our close-knit ecosystem. Graduates here don’t just earn — they lead. They

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innovate. They give back.

They become the mentors, entrepreneurs, and changemakers who keep our state moving forward.

What makes Delaware truly special is our collaborative spirit.

We’re a state where schools, employers, policymakers, and business leaders work together.

That alignment keeps our education system responsive to labor market needs and creates clear pathways from classroom to career. It’s a model other states envy, and it’s one we must continue to champion.

Now is the time to invest even more boldly, to ensure every student has access to education that unlocks opportunity, to strengthen the partnerships that keep our economy thriving, and to prepare the next generation with the skills to succeed, the confidence to lead, and the vision to shape what comes next.

Delaware’s future is bright because our commitment to higher education is strong. Let’s keep building. Let’s keep leading. Let’s keep proving that, in Delaware, talent wins.

Nicolas Jafarieh is the executive vice president of Sallie Mae.

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Member

news&Notes

Backing Small Business

A Q&A WITH CJ BELL, DIRECTOR OF THE DELAWARE DIVISION OF SMALL BUSINESS Nominated earlier this year by Gov. Meyer, Christopher “CJ” Bell now leads the Delaware Division of Small Business (DSB). He previously worked with U.S. Sen. Tom Carper and founded the statewide young professionals network The Connect, bringing both policy experience and entrepreneurial energy to the role. We sat down with him to discuss his vision for supporting Delaware’s small businesses.

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Data from the U.S. Bureau of Labor Statistics shows that nearly half of all small businesses fail within the first five years. Recognizing this reality, what role can your office play in helping Delaware’s small businesses not only survive but thrive?

I am a big believer that small businesses need more than just funding to grow and scale. Sometimes, funding is just a temporary bandage to cover what

the real issue is — capacity, knowledge, and tools to succeed. That’s why we’re weaving supportive services into our programs. For example, we’ve expanded the EDGE Grant Program so that finalists and awardees receive in-kind services like accounting and marketing, free organizational memberships, and networking opportunities.

Another example is a new bonding pilot from our Office of Supplier

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Diversity (OSD), launched this summer to help small and diverse contractors secure the bonding capacity needed to compete for larger projects. The program sponsors up to 30 contractors, providing education, practical bonding support, and a pathway to bond-readiness. Those who complete the program also receive $1 million in surety bonding. Our goal is to do more than fund businesses — it’s to empower them with the resources and resilience to grow, compete, and succeed for years to come.

Small businesses often don’t have the in-house capacity to navigate complex permitting requirements, meaning they must hire outside firms to manage the process. This can be a disproportionate burden compared to larger companies. How is your department ensuring that small business voices are included in conversations about permitting?

DELAWARE BUSINESS

The Division of Small Business (DSB) has Regional Business Managers (RBMs) who work one-on-one with owners to navigate complex permitting and licensing processes. RBMs act as liaisons with state agencies, providing guidance, feedback, and connections to the right contacts.

RBMs engage with and facilitate meetings with inspectors, help identify roadblocks, and support owners through the permitting process, making them a vital resource for small businesses to utilize.

Gov. Meyer has emphasized the importance of building Delaware’s entrepreneurship culture. How does your office support and incubate this culture, and what more can be done to strengthen the ecosystem for startups and small businesses?

We fully support the governor’s vision for an innovation-driven economy. Over the past six months, the Division has expanded programs to better serve startups at every stage of their journey.

We relaunched the State Small Business Credit Initiative (SSBCI) this spring and kicked off our “Race to $14M” initiative to distribute that funding to small businesses before Dec. 31, with awards ranging from $50,000 to $600,000. Through the Delaware Accelerator & Seed Capital Program, the state is making direct investments in high-growth, high-impact small businesses driving innovation.

We’ve also reorganized our RBMs from a county-based model to an industrybased one, allowing them to develop deeper expertise in the sectors they serve.

Looking forward, we’re focused on: • Expanding Access to Capital: Ensuring that startups and small

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businesses can scale and succeed • Building on Strategic Partnerships: Collaborating with organizations such as the Delaware Prosperity Partnership and the Delaware Black Chamber of Commerce to provide mentorship, networking, and business development resources.

• Promoting Inclusive Entrepreneurship: Prioritizing Minority-, Women-, and Veteran-owned small businesses to ensure equitable opportunity in state contracting.

Through these initiatives, we aim to create a thriving ecosystem where innovation is celebrated, and businesses have the tools and support they need to succeed.

Workforce challenges remain a consistent issue for small businesses, especially when they don’t need full-time staff but still require skilled support. Is your department open to collaborating with the Department of Labor or other partners on models— such as shared staffing resources or untapped talent pools—that could better serve these businesses?

Absolutely. Workforce challenges are among the most persistent hurdles for small businesses. Our office is deeply engaged with the Department of Labor and other partners on workforce development efforts and participates in various state and local committees.

DSB is very open to collaboration with the Department of Labor and other partners to explore innovative solutions to pressing workforce development issues. By connecting small businesses with flexible, skilled labor resources, we can help them grow and compete without the burden of hiring full-time staff for every need.

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Member

news&Notes

Grace’s Law

HOW ADVOCACY TURNED A NEAR-TRAGEDY INTO POLICY CHANGE BY GREER FIRESTONE On June 4, 2011, two days after Tower Hill’s graduation, my daughter went to her mother’s bedroom and said, “I don’t feel too good.” With that, she collapsed. Her mom dialed 911 and screamed for her brother, Grant, who had recently been trained in CPR. He jumped on his sister.

Providentially, New Castle County EMS was traveling just four miles from our home, arriving in three minutes. They shocked Grace nine times and performed intraosseous access — a life-saving emergency technique in which a needle is drilled into the shin bone to deliver medication directly into the vascular system and brain.

Her mom called me. “Grace had a heart attack. Get to Christiana.” At 1:00 a.m., we were ushered into a small room. A doctor got down on his knees in front of us.

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“There’s a good chance we will lose her.”

This could not be happening. Grace had just graduated with 15 varsity letters.

She was an elite athlete. No family history of heart problems. Of course she was invulnerable.

Grace was intubated for four days and given the “crazy ice” procedure to preserve brain function. Six days later she walked out with an implantable cardioverter defibrillator (ICD).

Grace had suffered sudden cardiac arrest (SCA), not a heart attack. The latter is a plumbing problem; SCA is an electrical one. Without CPR and an automated external defibrillator (AED) within 15 minutes, the victim either dies or lives with severe cognitive damage.

Think about, for example, pro football player Damar Hamlin. He survived SCA because medical help was on the

sidelines. Grace survived because EMS arrived at our home immediately.

In 2014, we founded Heart in the Game Foundation to offer EKG screenings to Delaware students. Our events also included training in handsonly CPR and AED. That same year, Gov. Jack Markell signed the Grace Firestone Act for Sudden Cardiac Arrest Awareness. It was a start.

This year, we worked with Rep. Kerri Evelyn Harris and Sen. Nicole Poore on fiscal amendments to the 2014 bill, aiming to make Delaware the “Heart Healthiest” state. It became HB 71.

We were invited to Dover on March 18, where Sen. Poore announced a proclamation for Heart in the Game.

Testimony came from Rich Wagner and Stew Krug, who each lost a son to SCA, along with school leaders Tracy

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Todd Woodson and Nick Wolfe, Dr. Sean Connolly of Nemours, and advocates including Connie Malin and Seljuq Haider.

Our friend Thom Harvey connected Heart in the Game’s initiative with the American Heart Association (AHA) of Delaware. AHA advocate Lizzie Lewis of 302 Strategies and AHA Regional Senior Director Megan Tucker were instrumental.

On June 30, 2025, the Delaware General Assembly passed HB 71, amendments to the 2014 act with fiscal support, championed by Rep. Harris and Sen. Poore.

As Dr. Connolly wrote on Aug. 1 in The Daily State News: “The mandate will strengthen cardiac arrest preparedness at school athletic events and practices.

On July 30, Gov. Matt Meyer signed this critical legislation into law. It requires that all coaches be trained in CPR and automated external defibrillator use. It also mandates that athletic programs have emergency action plans and have AEDs accessible at all school athletic events and practices. These changes represent a major step toward ensuring that our youth and their families — including student-athletes and spectators — have the best chance of survival in the event of a cardiac emergency.”

Grace went on to Sidney Kimmel Medical School and is now a doctor at UCLA Hospital.

We are thankful, but we still have much more to accomplish. We’ve only just begun to ensure Delaware becomes the “Heart Healthiest” state and a model for the nation.

Greer Firestone is the founder and director of Heart in the Game, LLC.

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COMMITTEE SPOTLIGHT:

Environmental

BY TYLER MICIK

The State Chamber’s Environ­ mental Committee, whose mission is to bring environmental leaders together to discuss and solve challenges facing businesses and help shape environmental policy in Delaware, met in mid-September for its quarterly meeting.

The committee was joined by Greg Patterson, secretary of the Delaware Department of Natural Resources and Environmental Control (DNREC), who provided an update on the department and its priority workstreams.

He discussed DNREC’s fee package (HB 175), which the General Assembly passed and the governor signed earlier this year. Prior to the introduction of the bill, members of the State Chamber’s Environmental Committee met with the department to provide input, which helped shape the legislation and make it one the State Chamber could support.

While it is uncommon for the State Chamber to support fee increases, we did so because the fees had not been

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adjusted in decades and were necessary for DNREC to make the permitting process improvements Secretary Patterson committed to implementing.

Secretary Patterson thanked the State Chamber for its support and shared that the department is working daily to deliver those improvements. For example, DNREC has revised its subaqueous permit process so larger, more complex applications are no longer in the same queue as smaller ones, helping prevent delays for simpler permits. Patterson also noted that the department recently launched a dashboard where applicants can track high-value permit types, such as well and septic permits.

The State Chamber’s Environmental Committee will continue to serve as a place for these important conversations and be a partner in creating solutions to challenges faced by the business community. If you’re interested in participating in the committee, please contact me at tmicik@dscc.com.

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Member

news&Notes Five Years of Training Excellence CONTRIBUTED BY CHESAPEAKE UTILITIES

Chesapeake Utilities recently celebrated the five-year anniversary of its Safety Town training facility in Dover, Del., underscoring its commitment to safety, education, and community partnership. The milestone event brought together employees, first responders, government officials, and community partners to reflect on the role Safety Town has played in strengthening emergency preparedness across the region.

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A COMMUNITY ASSET SINCE 2020

Opened in 2020 on the company’s Energy Lane campus, Safety Town was purpose-built to provide immersive, hands-on training environments for employees, contractors, and emergency responders. The facility includes classrooms, storage space, and shed-style homes built by Polytech High School students to replicate the residential settings where Chesapeake Utilities’ teams work every day.

By simulating real-world environments, Safety Town allows participants to practice technical skills, emergency response, and safety procedures before encountering them in the field. From gas leak detection to utility line locating and confined-space safety, the training curriculum emphasizes both employee readiness and community protection.

TRAINING THAT BUILDS CONFIDENCE

In its first five years, Safety Town has hosted more than 200 employee training

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events and trained over 1,200 emergency response personnel, representing more than 50 fire departments, municipalities, and support organizations across Maryland and Delaware.

Sessions combine classroom instruction with hands-on practice, preparing participants for scenarios ranging from excavation safety and valve operations to CPR, AED, first aid, and OSHA certifications. The result is a stronger, more confident workforce and safer communities.

“Safety is not just a priority, it is a core value,” said Jeff Sylvester, senior vice president and chief operating officer at Chesapeake Utilities. “This facility allows us to live out that value with our partners, ensuring they are equipped with the knowledge and tools to respond effectively.”

PARTNERSHIP WITH FIRST RESPONDERS Safety Town has also become a trusted training hub for regional fire, EMS, and law enforcement teams.

Chesapeake has hosted hundreds

of joint sessions, giving first responders the opportunity to practice response coordination alongside utility professionals.

These collaborations strengthen relationships and ensure everyone is prepared to act decisively during emergencies.

To further support first responders, Chesapeake presented a $10,000 charitable contribution to the Delaware Volunteer Firefighter Association during the anniversary celebration. The donation will fund scholarships through the association’s foundation.

“By providing immersive, real-world training, we are helping to equip first responders and our employees with the skills and confidence they need to act decisively in critical moments,” added Andrena Burd, assistant vice president of risk management.

LOOKING AHEAD

Safety Town’s success in Dover has inspired growth. Earlier this year, Chesapeake Utilities opened a second facility in DeBary, Fla., modeled after the Delaware site but designed with Floridian construction materials to simulate local conditions. Together, these facilities reflect Chesapeake Utilities’ long-term investment in safety and its people.

As Chesapeake Utilities continues to expand its training programs, one mission remains unchanged: to deliver energy that makes life better — safely, reliably, and responsibly — for the communities it proudly serves.

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| DELAWARE BUSINESS

CHAMBER

SCENE

1.

1. We hosted our August Networking Breakfast at the Brandywine Zoo in celebration of their 120th anniversary.

2. The Delaware Young Professionals Network volunteered at the Food Bank of Delaware.

3. The evening before the Chamber Chase Golf Tournament, we hosted an Evening Mixer at Thompson Island Brewing Company.

2.

3.

4. We had beautiful weather for the 32nd Annual Chamber Chase Golf Tournament at Kings Creek Country Club in Rehoboth Beach.

5. Delaware Athletics hosted us for a September Networking Breakfast, celebrating their entrance into FBS Football and Conference USA. Photography by Hannah Paliath.

4.

6. DNREC Secretary Greg Patterson and Steven Smailer, director of the Delaware Division of Water, discussed permitting reform with DSCC President Michael J. Quaranta at our Developing Delaware conference in October.

7. Governor Matt Meyer closed the Developing Delaware conference with a keynote reminding the audience of Delaware’s deep innovation roots, followed by a fireside chat with Ron Starner.

5.

6.

DELAWARE BUSINESS

| Nove m be r/ De ce m be r 2025

7.

13

WELCOME New Members ALLEN HARIM

allenharimllc.com (302) 629-9136 18752 Harbeson Rd. Harbeson, DE 19951

DCJ is re-committing to a vision of justice for all Delawareans.

ELEVATE VOCAL ARTS

with deep roots on the Delmarva

elevatevocalarts.org (302) 212-0314 P.O. Box 769 Wilmington, DE 19899

Atlantic. With more than 100

in 2023, Elevate Vocal Arts is

Allen Harim is a leading producer of “no antibiotic ever” chicken

Peninsula and across the Mid-

years of experience, the company employs more than 1,700 team members and contracts with

more than 210 family farmers.

BANK OF NEW YORK

bny.com/wealth (302) 416-6283 4005 Kennett Pike, Ste. 200 Greenville, DE 19807

Founded in 2021 and launched

opportunities for individuals from nities to develop as professional

GRAY & SON

1908 with a name synonymous

lies, and businesses, and helping them achieve financial success.

DELAWARE CENTER FOR JUSTICE

dcjustice.org (302) 298-5468 100 W. 10th St., Ste. 905 Wilmington, DE 19801

Gray & Son was founded in

with quality in commercial and

residential construction. Today,

Gray & Son is a leading contractor in the Baltimore metropolitan area for both private and public construction projects.

H&K GROUP, INC.

and actions impacting the legal

hkgroup.com (610) 222-3516 P.O. Box 196 2052 Lucon Rd. Skippack, PA 19474

incarceration and policing reform.

ognized as one of the tri-state

In pursuit of a higher quality

of justice, Delaware Center for

Justice (DCJ) focuses on issues system, including ending mass

Compelled by the stories of those impacted by structural injustice, 14

the region’s expanding site devel-

suppliers for the construction

opment and construction needs.

HOME2SUITES BY HILTON LEWES REHOBOTH BEACH

stay brand, Home2Suites by

creative workforce development

accomplished individuals, fami-

to understanding the needs of

Sam Yoder & Son is one of the

and services designed to meet

vocal artists.

tion that creates and expands

H&K Group, Inc. (H&K) is rec-

region’s premier heavy civil con-

tracting and construction materi-

9387 Memory Rd. Greenwood, DE 19950

to offer a full range of products

historically marginalized commu-

a 501(c)(3) nonprofit organiza-

New York has been committed

over two centuries ago, Bank of

in 1968, H&K has grown steadily

hilton.com/en/locations/ usa/delaware/lewes/home2suites/ (302) 200-7375 17388 Ocean One Plaza Lewes, DE 19958

graynson.com (410) 771-4311 430 W. Padonia Rd. Timonium, MD 21093

Since the company’s founding

als companies. Since its founding

Eastern Shore’s leading truss industry. As a member of the

Wood Truss Council of America (WTCA), Sam Yoder & Son is at the forefront of modern roofing technology and is fully com-

mitted to upholding the highest industry standards.

SIEMENS INDUSTRY

Hilton offers stylish, flexible

usa.siemens.com (215) 654-8040 2060 Detwiler Rd., Ste. 111 Harleysville, PA 19438

amenities, and multifunctional

pany focused on industry, infra-

As an award-winning extended

suite configurations, home-like community spaces for the savvy, sophisticated, and value-conscious traveler and their pets.

MITCHELL ASSOCIATES

mitchellai.com (302) 528-2542 100 W. Corporate Commons Blvd., Ste. 300 New Castle, DE 19720

Siemens is a technology comstructure, mobility, and health-

care. It is a leader in digital transformation, providing solutions

for various industries, including

manufacturing, building automation, and transportation.

TAI ENGINEERING

architecture and interior design

taiengineering.com (302) 668-6454 4060 N. Dupont Hwy., Ste. 8 New Castle, DE 19720

dedicated to transforming spac-

plined firm that provides engi-

Mitchell Associates is a premier firm based in New Castle, Del.,

es with a comprehensive range of services, including interior design, architecture, styling, and more.

SAM YODER & SON, LLC samyoder.com (302) 398-4711

TAI Engineering is a multi-discineering, management, and technical services across multiple

market sectors. TAI was founded in 1989 as a privately held company and is headquartered in Baltimore, Md., with regional offices in Delaware, Virginia, Texas, Arizona, and Florida.

Novem b e r / Dec em b e r 2025

| DELAWARE BUSINESS

IN NEED OF NEW, BIGGER OR UPDATED LAB SPACE? Check Out Our Graduated Lab Space Incentive Program: • Creating more “ready-to-go” lab space for companies growing out of their existing space.

• Ideal for early-stage, and small-to-medium sized companies in Delaware, or those considering relocating to the State.

d e.g o v/incentives

AN INNOVATIVE & ADVANCED APPROACH TO PROSTATE CARE Are you or a loved one dealing with frequent trips to the bathroom, sudden urges to urinate, trouble starting or stopping, or feeling like your bladder doesn’t fully empty?

These could be signs of an enlarged prostate, also known as Benign Prostatic Hyperplasia (BPH).

Beebe Healthcare now offers Aquablation® Therapy, a minimally invasive treatment that uses the power of water to provide long-lasting relief. This advanced procedure is designed to reduce side effects and better preserve sexual function compared to traditional options.

Call Beebe Urology Lewes and schedule an appointment with Christopher Caputo, MD, to see if Aquablation® is right for you.

302-645-2666 DELAWARE BUSINESS

| Nove m be r/ De ce m be r 2025

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| DELAWARE BUSINESS

Nearly 28,000 small businesses call Delaware home.

Together, they make up 98% of the state’s business community and provide jobs for more than half of our workforce. Their reach is broad, their impact undeniable, and their role in our economy essential. For the past 27 years, the Delaware State Chamber of Commerce and its Small Business Alliance have celebrated these organizations through the Marvin S. Gilman Superstars in Business awards. Honorees are small businesses with at least three years of proven success, recognized not only for their strong business performance but also for the positive impact they make in their communities.

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17

2025 SUPERSTARS IN BUSINESS AWARD WINNERS Habitat for Humanity of New Castle County Nonprofit Category Habitat for Humanity of New Castle County (HFHNCC) works alongside families, volunteers, and community partners to make safe, affordable housing a reality. Since 1986, HFHNCC has built 315 homes, completed 668 critical repairs, and supported more than 979 families, while also offering transitional housing, aging-in-place services, and neighborhood revitalization projects.

Grey Fox Wealth Advisors 1-9 Employee Category Grey Fox Wealth is an independent fiduciary firm that helps individuals, families, and business owners nationwide make confident financial decisions.

Offering personalized planning, investment management, tax strategies, and estate guidance, the firm was created by Kevin Dombrowski and Ted Lauzen to provide client-first advice that brings clarity and peace of mind.

JLAM 10-49 Employee Category JLAM is a real estate investment and development firm that creates residential and commercial properties across the Mid-Atlantic and Southeast. With more than $375 million invested in Delaware and over $1 billion in statewide economic impact, JLAM delivers projects that provide housing, jobs, and long-term community development.

Boulden Brothers 50-150 Employee Category Boulden Brothers, founded in 1946, has grown from a small coal delivery business into a well-known local provider of plumbing, HVAC, and electrical services. Now operated by the third generation and welcoming its fourth, Boulden Brothers continues its legacy as a trusted, family-owned company serving customers across Delaware, Maryland, and Pennsylvania.

2025 PLANNING COMMITTEE Marsha Auld-Saunders

Louis Memmolo Weiner Benefits Group

CSC

Chip Rankin

Pam Cornforth Ronald McDonald House Charities of Greater Delaware Kevin DiSabatino

MilliCare Brett Gilman Smith Cornell Property Management

DiSabatino Construction

Corp.

Mike Vanderslice

Company Becky Eppig

Montrose Environmental

Action Unlimited Resources Joseph Farley, Jr.

Shawn Williams First Citizens Community Bank

Associates International, Inc. Christa McLaughlin, Chair Whisman Giordano & Associates

2025 SELECTION COMMITTEE Marsha Auld-Saunders

Christa McLaughlin Whisman Giordano &

CSC Patrick Best

Associates Louis Memmolo

WSFS Bank Pam Cornforth

Weiner Benefits Group

Ronald McDonald House Charities of Greater Delaware

Dr. Patricia H. Smith Holmes Smith Consulting Brett Gilman Smith

Kevin DiSabatino DiSabatino Construction

Cornell Property Management Corp.

Company

Janine Sorbello

Becky Eppig Action Unlimited Resources

Goldey-Beacom College Mike Vanderslice

Joseph Farley, Jr. Associates International, Inc.

Montrose Environmental Andrea Wojcik

Martha Gilman Cornell Property Management

Delaware Division of Small

Corp.

Business

Rev. Thomas Laymon Sunday Breakfast Mission

AWARD OF EXCELLENCE RECIPIENTS: OperaDelaware (Nonprofit Category) Synergy Consultants (1-9 Employee Category) AKA Advisory (10-49 Employee Category) GGA Construction (50-150 Employee Category)

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The Delaware State Chamber’s Small Business Alliance and Superstars in Business planning committee appreciate the support and generosity of the following sponsors:

CHAIRMAN

LEADERSHIP

ADVOCATE

Bayhealth Citizens Bank Martha Gilman/ Carson Development/ Cornell Property Management Corp.

TD Bank Citizens Bank Wilmington University

Belfint, Lyons, & Shuman BrightFields, Inc DiSabatino Construction Company EBC Carpet Services Corp.

Goldey-Beacom College Harvey, Hanna & Associates Herbein & Company, CPA Montrose Environmental Solutions, Inc. MySherpa Peter Gilman Ronald McDonald House Charities of Greater DE Ryan G. Smith, MD & Matt Smith

AMBASSADOR 1440 Film Co. Artisans’ Bank Associates International, Inc. Assurance Media Bank of America Bonadio Group Boulden Brothers Colonial Parking, Inc Delmarva Power Fulton Bank PNC Bank RiversEdge Advisors Santora CPA Group Whisman Giordano & Associates WSFS Bank Your Part-Time Controller

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MEDIA Delaware Today

EVENT PHOTOGRAPHY Dick Dubroff / Final Focus

VIDEOGRAPHY 1440 Film Co.

PRINT PHOTOGRAPHY Nick Wallace Photography *as of 10/14/25

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S U P E R S TA R S I N B U S I N E S S W I N N E R | N O N P R O F I T

CREATING AND SUSTAINING AFFORDABLE HOUSING From affordable homes to thriving neighborhoods, Habitat’s mission continues to shape New Castle County

BY AMANDA SCHIMMEL | PHOTOS BY NICK WALLACE PHOTOGRAPHY

FOR NEARLY FOUR DECADES, Habitat for Humanity of New Castle County has been transforming lives and communities by making the dream of safe, affordable housing a reality. Since 1986, the organization has built trust and created opportunities by working handin-hand with families and partnering closely with local businesses, faith communities, and civic leaders. Its mission is simple: to foster strength, stability, and self-reliance through shelter.

Habitat’s impact extends beyond the walls of the homes it builds. To date, the organization has constructed 315 homes and completed 905 critical repairs, providing more than 1,220 families — and nearly 3,000 individuals — with housing security. Its work encompasses transitional rental housing, aging-inplace modifications, and neighborhood revitalization projects that range from rain gardens and energy-efficiency upgrades to public safety improvements.

“At Habitat for Humanity of New Castle County, we don’t just build or repair homes, we build trust, encourage pride, and foster long-term community empowerment. Our goal to bring people together to build homes, communities, and hope is not only clear, but actively lived and felt by all in our community from homeowners and board members to donors, contractors, community residents, and volunteers,” explains Kevin Smith, CEO of Habitat for Humanity of New Castle County.

Habitat believes everyone deserves a decent place to live and recognizes that homeownership has the power to transform families and strengthen communities. Rather than offering a handout, the organization provides a hand up to qualifying families who may not have access to traditional mortgage options. Through its homeownership program, Habitat prepares, educates, and supports individuals every step of the way on their path to becoming homeowners. Habitat’s homeownership program creates strength, stability, and self-reliance through shelter.

For families who are not yet ready for a mortgage, Habitat’s Almost Home program provides a vital bridge through affordable rental housing.

This transitional rent-to-own pathway allows participants to build financial stability and prepare for future homeownership while still benefiting from safe, affordable housing.

In addition to supporting new homeowners, the organization addresses urgent housing needs through its Critical Home Repair program. Services include everything from roof and HVAC replacements to weatherization improvements. Window and door upgrades, electrical and masonry repairs, DELAWARE BUSINESS

| Nove m be r/ De ce m be r 2025

sidewalk restoration, and accessibility modifications that allow older adults to safely age in place are among the services offered. Exterior painting, railings, and drywall work also help ensure homes remain safe and livable.

Habitat also prioritizes neighborhood revitalization, exemplified by its Rock the Block initiative. During these one- or two-day events, neighborhood residents join Habitat staff and volunteers to repair, refresh, and restore the areas in their communities. Habitat’s work in the Eastside and Northeast neighborhoods of Wilmington further emphasizes that commitment. Since its start, this program has added 69 units of affordable housing and supported more than 600 families through critical repairs and beautification projects.

With its ReStore retail thrift store, Habitat promotes sustainability within the community. Each ReStore accepts donations of gently used furniture, appliances, and building materials, offering them to the public at reduced prices. The revenue generated goes directly toward building, rehabilitating, and repairing affordable homes, ensuring that every purchase contributes to safe housing for families in need.

Behind this work is a team of 36 dedicated staff members, supported by 68 long-serving volunteers whose commitment spans nearly a decade on average. With strong and lasting leadership, Habitat’s culture is defined by stability, vision, and passion.

“We know our mission is only as strong as the people behind it.

Whether they are swinging a hammer, drafting a budget, or advocating for affordable housing, our staff, board members, and volunteers form the foundation of our success,” Smith adds.

Each year, more than 1,000 individuals — corporate groups, faith communities, retirees, and students — volunteer their time and talents for Habitat’s cause. Volunteer engagement goes beyond logistics and safety; every orientation includes education on Habitat’s mission, DEI commitment, and the lasting impact of service. To ensure that volunteers feel valued, the organization hosts annual appreciation events, shares social media spotlights, and sends personal thank-you notes from staff and homeowners.

Smith concludes, “What sets us apart is how we listen and respond.

Community needs guide every decision we make. We meet families where they are, literally and figuratively, by conducting in-home assessments, attending civic association meetings, and engaging faith leaders and neighbors.” Habitat’s programs are not top-down; they are built hand-inhand with the homeowners they serve. n 21

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S U P E R S TA R S I N B U S I N E S S W I N N E R | 1 - 9 E M P L O Y E E S

WHERE RELATIONSHIPS MATTER Grey Fox Wealth prioritizes effort, attitude, and trust to help clients achieve their financial goals

BY HANNAH PALIATH | PHOTOS BY NICK WALLACE PHOTOGRAPHY

LAUNCHING NINE DAYS before the global pandemic with no clients and zero assets under management, Grey Fox Wealth Advisors has successfully turned uncertainty into trust and challenge into momentum.

Founded by Kevin Dombrowski and Ted Lauzen, the fiduciary investment team customizes public and private market portfolios and coordinates “family office” services (such as investments, tax planning and filing, investment banking, estate planning, and more) for local business owners, executives, and their families. Just five years later, the team now serves over 300 people, manages more than $635 million in assets, and employs eight local professionals.

Grey Fox Wealth acts as an independent fiduciary and offers a tailored set of integrated services. “We believe that thoughtful, honest, and consistent financial advice can improve the lives of our clients, friends, and neighbors,” says Dombrowski. “We don’t believe in one-size-fits-all solutions. Instead, we take the time to understand what matters most to a person or family, and then use our experience, expertise, and tools to guide our clients toward their goals with purpose.”

“When we stay focused on serving others, this ‘nerdy expertise’ can meaningfully improve the long-term trajectories of our community and our state,” emphasizes Lauzen. “It’s the basics that make all the difference.

The members of our Grey Fox Wealth team treat others the way we would like to be treated, get excited about solving the toughest problems, and do the right thing for our clients, not the comfortable thing for ourselves.”

Dombrowski brings two decades of experience in the finance industry to the leadership of Grey Fox Wealth. Before co-founding the firm, he earned his MBA from Northwestern, worked for more than ten years at Morningstar, and served clients at a private wealth management company on the Main Line. Lauzen flew light attack helicopters in combat for the Marines, competed for Team USA as a modern pentathlete, and earned his MBA from Wharton and his JD from Penn Law. Ever since their families crossed paths on the playground at Can-Do Park in Wilmington, Kevin and Ted have focused on building lasting client relationships. By prioritizing consistent effort, real trust, and personalized guidance, they’ve earned the loyalty of their clients. “We love working hard and serving our incredible clients. Many of our first clients came to us during that chaotic pandemic year, looking for clarity and stability — and they’ve stayed with us ever since,” Dombrowski says.

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Building on the company’s original momentum and its focus on the integration of services, the Grey Fox team is excited to continue to improve trajectories for their clients. “In 2025, we started a tax planning and filing company, Grey Fox Tax Advisors, added an investment banking service, and expanded one-on-one employee financial wellness services for our 401(k) and 403(b) clients,” Dombrowski explains. “These types of initiatives come from our intention to scale thoughtfully and to support people who can benefit from a coordinated and trusted approach.”

The firm is committed not only to its clients but also to giving back to this special community. “Community service is part of the DNA at Grey Fox Wealth,” Dombrowski says. Both founders are deeply involved in the nonprofit world.

Lauzen serves on multiple boards, including the YMCA of Delaware, Horn Entrepreneurship at the University of Delaware, the Delaware Business Roundtable, and Culver Summer Schools and Camps.

Dombrowski sits on the boards of The Independence School, Delaware Guidance Services, the Pete du Pont Freedom Foundation, Leadership Delaware, and Brandywine Valley Church.

In just five years, Grey Fox has grown into a successful organization focused on building trust and serving the community. The close, lasting relationships the team has built demonstrate that the firm isn’t just about managing wealth; it’s about giving people the confidence to feel secure in their finances and to pursue their true purpose. It’s this commitment that has earned the firm recognition as a 2025 Superstar in Business. As Lauzen says, “Recognition as a Superstar in Business within our closeknit community is a true honor. It represents a reminder that good things can happen when we each use our individual strengths, passions, and experiences to serve others.” n

Hannah Paliath is an intern for the Delaware State Chamber of Commerce.

She is set to graduate from the University of Delaware in May 2026 with a double major in media communication and Chinese.

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S U P E R S TA R S I N B U S I N E S S W I N N E R | 1 0 - 4 9 E M P L O Y E E S

BUILDING A HIGHER STANDARD

JLAM’s commitment to housing, community, and Delaware’s future

BY REGINA DONATO | PHOTOS BY NICK WALLACE PHOTOGRAPHY

DELAWARE’S COASTAL COMMUNITIES are known for their charm and vitality, and for more than a decade, JLAM has played a central role in shaping them. Since 2011, JLAM has set a higher standard in real estate investment and development, delivering projects that marry economic impact with enduring value for families, businesses, and investors alike.

JLAM began when co-founders Nick Hammonds and Doug Motley saw the opportunity to combine their financial expertise (originating from their early careers at MBNA) with a deep passion for communityfocused development. Partnering with the Lingo family, among the most respected names in Delaware real estate, JLAM was built on a vision of integrity, discipline, and long-term community impact. “We launched JLAM with a simple goal: to create places where people want to be, while delivering lasting value for both communities and investors,” Hammonds recalls.

Choosing Rehoboth Beach as headquarters was intentional. At the time, few sophisticated investment firms operated in Sussex County, but they both believed the area’s scarcity of players could be turned into an advantage.

Over the last 14 years, JLAM has grown as a real estate investment and development firm, with projects across Delaware, Maryland, Pennsylvania, and the Southeast, a region they’ve invested in for years and most recently opened an office in Charlotte, N.C. The firm’s portfolio spans coastal residential communities, multifamily developments, and commercial centers.

The impact is both economic and social — creating housing in growing areas, spurring job creation, and building infrastructure that supports long-term community health. “We believe real estate should do more than deliver returns — it should strengthen communities, create jobs, and drive meaningful change,” says Motley.

And that higher standard applies to every stakeholder. JLAM measures its success across three pillars: its people, its residents, and its investors.

For JLAM team members, the company has built a workplace designed to attract and retain top talent, offering a culture of professional growth, purpose, and long-term incentives. “Talent attraction and retention are about purpose. Just as we build places where people want to live, we’ve built a workplace where high-performing professionals can grow,” explains Hammonds. This approach has paid off: in 2024, JLAM expanded its team by 57% while achieving zero employee attrition, an uncommon feat in today’s competitive talent market.

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For residents and tenants, the company delivers thoughtfully designed projects. From wooded trails and resort-style pools to custom architectural guidelines, JLAM communities prioritize character and livability. Strong satisfaction and occupancy rates prove the strategy is working, with the firm’s multifamily properties maintaining strong occupancy rates well above 90%, matched by equally high resident satisfaction scores.

That same attention extends to addressing some of Delaware’s most pressing housing needs. In Dover, JLAM’s Windward Ridge development will bring 300 new apartments to a city projected to need more than 1,000 additional rental homes by 2030. In Lewes, Lightkeeper’s Village will introduce 102 year-round rental cottages in a market where long-term rental options are scarce.

For investors, the philosophy is the same: build lasting partnerships grounded in care and trust. Motley puts it simply: “We know investor trust is earned.” By emphasizing transparency, communication, and personal relationships, JLAM ensures its partners feel connected not just to the projects, but to the positive impact those properties have on communities.

JLAM is also deeply engaged in the communities where it builds, contributing both time and financial support. Its team leads neighborhood cleanups, sponsors local events, and backs organizations like the Children’s Beach House and Cape Henlopen Soccer boosters.

The company is also the longstanding presenting sponsor of The Irish Eyes Open golf tournament, which has raised over $2 million for the Rehoboth Beach Boys & Girls Club. “We don’t simply build in areas with rising demand, we want to actively shape the future of the communities we believe in,” says Hammonds. This commitment also extends to leadership service, with both Motley and Hammonds actively serving on multiple boards and committees in the community.

With a foundation of integrity, discipline, and trust, JLAM has proven that business success and community impact can go hand in hand. That principle guides every project, bringing housing to communities that need it and creating neighborhoods where people want to live, work, and play. As Motley reflects, “When our projects succeed, it’s not just JLAM that wins — it’s the families that find homes, the local businesses that thrive, and the communities that grow stronger — all bringing positive impact to the state we proudly call home.” n 25

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S U P E R S TA R S I N B U S I N E S S W I N N E R | 5 0 - 1 5 0 E M P L O Y E E S

FOUR GENERATIONS STRONG

How Boulden Brothers evolved from a small Newark coal business into a trusted regional service provider

BY AMANDA SCHIMMEL | PHOTOS BY NICK WALLACE PHOTOGRAPHY

IN 1943, brothers Urie Sr. and Omar Boulden set up shop in Newark, Del., and began delivering coal to the community. Just a year later, Omar bought out his brother and expanded into heating oil delivery, laying the foundation for what would become a growing enterprise. The next generation soon followed, with Urie Jr. merging his own heating oil business with his uncle’s in 1963, rebranding as Boulden Oil Company and steadily adding new services like propane, plumbing, HVAC, and electrical.

As markets shifted, the business adapted. In 2014, brothers Tim and Mike Boulden took the reins and reintroduced the company’s original name: Boulden Brothers.

“We became a fourth-generation business when my son stepped into the company in 2023,” explains Tim Boulden, president and co-owner.

“Boulden Brothers is one of the largest residential service companies in our area that is still family owned and operated.”

Today, Boulden Brothers offers plumbing, heating, cooling, and electrical services throughout New Castle County, Del.; Southern Chester County, Pa.; and Cecil County, Md. Technicians handle everything from repairs and preventive maintenance to new installations, using advanced diagnostic tools and a comprehensive approach — including their signature ‘Bouldenizations,’ which restore systems to factory specifications.

That same level of care extends to plumbing and electrical work, including water heaters and drain cleaning, panel upgrades, and EV charger installations. By offering multiple services under one roof, the company makes it easier for homeowners and businesses to maintain safe, efficient, and comfortable spaces.

Training and development are another cornerstone of the business. “We are recognized as a Center of Excellence Training Facility by Certain Path, which means that technicians come from across the country to learn and grow at our facility,” Boulden says. Additionally, each team member wears a Technician Seal of Safety, earned only after passing a rigorous nationwide background check, pre-employment screening, and regular drug testing.

Beyond safety, Boulden Brothers invests in ongoing professional development with training given through a mix of in-house sessions, off-site learning opportunities, and an e-learning platform. New technicians start with a monthlong level-one course before advancing through the subsequent stages that build both technical expertise and communication skills.

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To further support their team, the company offers tuition reimbursement, scholarships for employees’ dependents, and comprehensive onboarding that blends professional training with personal goal setting. “Boulden Brothers may be a small, family-owned business, but the ‘family feel’ extends to how we treat our team,” Boulden says. “We invest in their success, both at work and at home.”

Clients also play a key role in shaping the business. Before an appointment, they receive a text with their technician’s photo and

“Boulden Brothers may be a small, familyowned business, but the ‘family feel’ extends to how we treat our team. We invest in their success, both at work and at home.”

— Tim Boulden, president and co-owner

biography, and after the visit they’re invited to share quick feedback. Any concerns are sent directly to management for immediate follow-up, while ongoing feedback drives long-term improvements, like the recent changes to their Club Membership program.

“We celebrate our wins too. Our technicians are rewarded for each positive review they receive. During our monthly all-hands meetings, we love to display and read all the amazing positive reviews that make it to our social media,” adds Boulden.

From delivering coal in the company’s earliest days to providing a full range of plumbing, heating, cooling, and electrical services today, Boulden Brothers has always adapted to meet the needs of its community. What hasn’t changed are the principles behind the work: honesty, integrity, and a commitment to treating people with fairness and respect. Now four generations strong, the business continues its tradition of family ownership and community service while helping homeowners stay safe and comfortable. n 27

CREATIVE DESIGN LEADERSHIP

Sussex County Family Court | Georgetown, Delaware

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Construction & Real Estate

Building Tomorrow

GGA Construction celebrates 20 years with the construction of The Continental BY JOHN SCHNEIDER THE UPCOMING SEASON marks a major milestone for GGA Construction: 20 years of building with purpose, integrity, and trust.

Founded by Dave Grayson and Lorri Grayson with just eight employees and a simple philosophy, “Trust is the most important thing you can build,” GGA has grown into a leading construction firm with over 50 employees and over $100 million in annual revenue. Its diverse portfolio includes schools, medical facilities, churches, multifamily and mixeduse projects, hotels, and community spaces across Delaware, Maryland, Pennsylvania, and New Jersey.

That founding philosophy is front and center in Newark, Del., where GGA is leading construction of The Continental, a six-story, 632-bed luxury student housing community just steps from the University of Delaware, my alma mater, for Tsionas Management. Designed with modern amenities and thoughtfully created spaces, The Continental is more than a new building; it is a testament to what’s possible when developers, architects, engineers, and builders collaborate to create something unique and purposeful.

The project presents complex challenges, from intricate structural coordination to tight site logistics, which have required ongoing problem-solving. GGA has met these challenges head-on, working closely with long-time and trusted partners — Tsionas Management, Fearn Clendaniel Architects and Pennoni Engineers — along with many DELAWARE BUSINESS

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dedicated subcontractors and suppliers. Excitement is building as the tremendous progress becomes more visible month by month.

As Delaware experiences increased interest in housing, education, healthcare, and infrastructure, GGA continues to position itself as a trusted partner here. Known for its collaborative and transparent project approach, which is a significant contributor to its high rate of client retention and repeat business, GGA is proud to contribute to Delaware’s evolving landscape.

Our team is what makes us different. Their expertise, creativity, and commitment to trust are why clients return. As we look to the next 20 years, we’re excited to continue building relationships and trust.

With The Continental nearing completion in the year ahead and a robust pipeline of future projects, GGA enters its third decade with the same guiding principle that launched it: Trust first. Everything else follows.

“Building Trust. Building Together. Building Tomorrow.” isn’t just a motto, it’s the foundation of everything we do at GGA. n

John Schneider is the president of GGA Construction.

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Construction & Real Estate

Blueprints for Delaware’s Future

IMC Construction built the Chemours Discovery Hub, a state-of-the-art research facility on the University of Delaware’s STAR Campus. Just steps away, IMC’s new office in the FinTech Innovation Hub keeps the team close to both this landmark project and their University of Delaware partners.

IMC Construction’s commitment to growth, innovation and community

BY CRAIG HAMILTON AND MICHAEL CROMER, PG, DBIA

DELAWARE HAS LONG BEEN an integral part of IMC Construction’s story. Today, it is a cornerstone of our future.

2025 marks an exciting new chapter as we open our office on the University of Delaware’s STAR Campus. Located in the heart of Newark’s innovation corridor, the space reflects our deep roots in the state and serves as a launchpad for continued growth across the Mid-Atlantic.

We’ve completed more than $400 million in projects in Delaware, earning a reputation for excellence, precision, and an unwavering commitment to our clients. Establishing a permanent presence in Newark is the natural next step as we expand our footprint in the region.

At IMC, everything begins with a client-first mindset. We believe trust is built through collaboration, and we prioritize proactive communication and transparency throughout every phase of a project. This approach fosters long-term partnerships that are grounded in mutual respect and accountability. We also leverage advanced technology — such as virtual 30

design and construction, real-time data platforms, and emerging AI — to improve planning, enhance coordination, and reduce risk. These tools help us accelerate schedules and deliver greater cost certainty.

It’s this combination of hands-on collaboration, client-centered service, and cutting-edge innovation that our clients value most — and why more than 80% of our business is from repeat relationships.

When it comes to long-term partnerships, our work with the University of Delaware (UD) has been especially meaningful. From landmark projects like the Chemours Discovery Hub to supporting the University’s broader development goals, we’ve been able to deliver both successful projects and lasting trust. Our new office, located within the FinTech Innovation Hub, sits just steps from one of our most prominent projects and keeps us close to our UD partners and the pulse of innovation.

Another standout is our transformation of a 1950s DuPont building at the CRISP campus in Wilmington into a $70 million R&D and pilot Novem b e r / Dec em b e r 2025

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plant facility for Solenis. Faced with a tight timeline and evolving designs, we delivered the project under budget and six weeks early. It’s a futureready facility that reflects IMC’s speed, precision, and commitment to high-quality work.

The timing of our office opening couldn’t be better. Delaware is experiencing strong demand for smart, sustainable development across higher education, healthcare, research, life sciences, energy, and advanced manufacturing. As vice presidents of IMC’s Mid-Atlantic Division — with decades of combined experience in construction, engineering, energy infrastructure, and brownfield redevelopment — we’re excited to play a role in projects that move the region forward.

At the end of the day, we believe the best results come from strong relationships with our clients, our partners, and our community. We are proud to call Delaware home, and even prouder to help build its future. n

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Craig Hamilton (left) and Michael Cromer, PG, DBIA, (right) are vice presidents of the MidAtlantic division at IMC Construction.

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Construction & Real Estate

Downtown Living Redefined

BPG delivers 243 luxury apartments, marking record year for residential development CONTRIBUTED BY BUCCINI POLLIN GROUP BUCCINI POLLIN GROUP (BPG) recently celebrated the grand opening of The Press, a brand-new, 243-unit luxury apartment community in downtown Wilmington. Located in one of the city’s most dynamic neighborhoods, The Press represents a $90 million investment in Wilmington’s continued revitalization and marks the completion of BPG’s latest residential development.

The 14-story glass- and metal-clad residential tower offers a mix of studio, one-, two-, and three-bedroom apartments and duplexes. Designed

by Perkins Eastman, the building’s name pays tribute to the site’s history as the former headquarters of The News Journal.

“The Press exemplifies our commitment to creating exceptional residential experiences in the heart of Wilmington,” says Rob Buccini, founder of Buccini Pollin Group. “This project represents more than just adding housing inventory — it’s about creating vibrant communities where residents can live, work, and thrive in downtown’s most connected locations.”

The contemporary apartment homes feature high-end finishes, including quartz countertops, stainless steel appliances, in-unit washers and dryers, 32

and expansive windows that provide abundant natural light. In addition to the luxury units, residents will enjoy access to a full suite of white-glove amenities, including an indoor lounge and communal kitchen; a fourth-floor roof deck with views of downtown Wilmington; a private exterior amenities space featuring a pool, dog run, grill areas, and social spaces; and an intimate, beautifully landscaped pocket park that is accessible to the public.

This milestone not only marks an exciting addition to downtown Wilmington, but also caps a year of unprecedented residential growth for BPG. In total, the organization has secured nearly $200 million in multifamily financing this year alone, with more than 1,000 units under development.

“Our momentum this year reflects not just market opportunity, but our deep understanding of what today’s residents need. By creating diverse housing options, we are serving Delaware’s growing workforce and attracting new residents to our region,” added Buccini.

BPG’s residential portfolio now encompasses over 3,200 units developed and 7,234 units under management through ResideBPG, the firm’s residential property management affiliate. n Novem b e r / Dec em b e r 2025

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Construction & Real Estate

Photo by Pamela Aquilani Photography

A Model for Visionary Land Planning

Nearly 80 years of experience culminates in an award-winning community where people, nature, and innovation thrive together BY ERIKA COOK FOR NEARLY 80 YEARS, Carl M. Freeman Companies has been at the forefront of creative, sustainable development, consistently championing practices that enrich both the environment and the communities it serves.

One example is Tower Hill, a new community now selling along New Road near historic Lewes, where innovation and environmental stewardship come together to create a thoughtful model for modern land planning.

Tower Hill spans 135 acres and is home to 292 single-family residences that harmonize with their natural surroundings while setting a new benchmark for responsible design. What distinguishes this community is 34

its pioneering use of wildflower meadows — nearly 30 acres seeded with native wildflowers and grasses, making it the first project of this scale in Sussex County to embrace meadows instead of traditional turfgrass. This decision, which goes well beyond regulatory requirements, reflects a bold and thoughtful approach to sustainability. Native meadows naturally reduce maintenance, stabilize soil, reduce runoff, and improve water quality, and they also provide critical habitat for pollinators and wildlife.

They transform open spaces into living ecosystems that benefit both residents and the broader environment.

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The impact of this initiative has been celebrated by conservation leaders across the state. Jessica Watson, sediment and stormwater program manager at the Sussex Conservation District, praised the project, saying, “Tower Hill is an example of thoughtful and purposeful conservation. The Freeman Companies are setting the bar high by being the first to support the local ecosystem and improve water quality by incorporating native plants, meadows, and buffers into the open space and stormwater design.

Meadows act like a sponge, absorbing stormwater runoff and cleaning water before it enters local waterways. They also benefit the birds, bees, and butterflies we all love and need. We are confident this project will become a model for other communities in Sussex County and the state.”

These efforts, combined with the community’s overall design, including tree preservation, have led to Tower Hill being honored with the 2024 Governor’s Conservation Award, as well as recognition as Sussex County’s Community of the Year. Together, these accolades highlight the value of an approach that integrates environmental responsibility with innovative landuse planning.

Carl M. Freeman Companies views these awards not only as a recognition of past accomplishments, but also as motivation to continue leading the way in sustainable development. That vision is already evident in the company’s newest project, Channel Pointe, where a thoughtful approach includes Dark Sky Initiatives to preserve natural nightscapes and reduce light pollution. By prioritizing conservation in both large-

scale landscaping and community design, Freeman Companies continues to demonstrate how development can respect and enhance the natural environment.

Reflecting on the company’s legacy and future, Michelle Freeman, CEO of Carl M. Freeman Companies, shared, “At Freeman Companies, we believe that development is about more than building homes. It’s about creating communities that endure — places where families thrive, ecosystems are protected, and innovation leads the way. Tower Hill reflects our nearly 80 years of experience and our ongoing commitment to do things differently, to lead with stewardship, and to set new standards for excellence.”

From the wildflower meadows of Tower Hill to the Dark Sky initiatives at Channel Pointe in Fenwick Island, Carl M. Freeman Companies is showing what is possible when development is approached with vision and responsibility. These communities are more than neighborhoods; they are legacies — proof that sustainability and creativity can go hand in hand to build places that last for generations. n

Erika Cook is the director of marketing at Carl M. Freeman Companies.

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Innovation & Technology

Where Innovation Meets Institutional Excellence

Building tomorrow’s economy on 230 years of business leadership

BY SECRETARY CHARUNI PATIBANDA-SANCHEZ

DELAWARE HAS ALWAYS punched above its weight. With just more than one million residents, we host more than 2.1 million business entities — a historic high that underscores our enduring role as America’s corporate capital. In 2024, Delaware formed 289,810 new business entities, and an extraordinary 81.4% of U.S. IPOs chose Delaware incorporation — up from 79% in prior years. Nearly 68% of Fortune 500 companies are incorporated in Delaware. These numbers represent market validation. Despite media narratives about corporate departures, Delaware had a net gain of companies in 2024, with only eight publicly traded companies leaving the state. Our more than $2 billion in corporate franchise revenue — the state’s second-largest source of income — allows us to continually reinvest in the legal infrastructure and expertise that keep Delaware ahead.

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But our story isn’t just about Fortune 500 boardrooms. From bootstrapped garage operations to cutting-edge fintech disruptors and biotech trailblazers, Delaware is a launchpad where audacious ideas take root. Delaware remains the gold standard for business formation by cutting through the noise — offering founders straightforward processes, dependable infrastructure, and lightning-fast execution. In the First State, incorporation takes hours, not weeks or months. We keep pace with modern business. But speed without substance is meaningless. Our Court of Chancery sets Delaware apart by delivering legal certainty alongside efficiency and effectiveness.

Other jurisdictions have sought to model their business courts after ours, but with more than 230 years of specialized expertise in corporate law, the Court of Chancery is inimitable. While judges in some states serve terms Novem b e r / Dec em b e r 2025

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as short as two years, Delaware’s Court of Chancery judges serve 12-year terms, allowing them to develop deep expertise in corporate law. When your venture’s at stake, you want judges with decades of experience, not someone learning on the job.

This institutional knowledge makes a real difference for the innovation economy. The 97% of unicorns that chose to incorporate in Delaware are not just following the crowd, but making a calculated choice rooted in more than two centuries of corporate law leadership. This is because venture capitalists and institutional investors are well-versed in our legal framework. Our case law is taught in law schools nationwide, cited in boardrooms globally, and relied upon by businesses of every size. That familiarity matters. It creates a common language that smooths out the challenges that arise when companies undergo transitions ranging from funding rounds to partnerships to pivots.

With less energy spent navigating legal unknowns, business leaders can invest their energy in building and growing their ventures.

Our entrepreneurial ecosystem is about more than just corporate law.

Through strategic partnerships with universities, including the University of Delaware, Delaware Technical Community College, and Wilmington University, we’re developing talent pipelines in high-growth sectors such as life sciences, advanced materials, and fintech. Notably, the Horn Entrepreneurship program at the University of Delaware has garnered national recognition; it ranks among the top 10% of entrepreneurship programs in the country. Outside of the classroom, aspiring entrepreneurs

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can take advantage of the FinTech Innovation Hub and the Delaware Technology Park to gain enviable access to laboratories, mentorship, and funding. Similarly, through public-private collaborations — including partnerships between DuPont, the state, and our universities — we systematically bridge the gap between breakthrough research and marketready products. We’re creating an environment where innovation grows from concept to commercialization, right here in Delaware.

Looking ahead, my vision for Delaware is straightforward. We will remain the jurisdiction where innovation and institutional excellence converge. That means maintaining our commitment to legal certainty while adapting quickly to emerging business models. It means supporting entrepreneurs at every stage — from formation through IPO. Whether you are a solo founder or a Fortune 100 executive, Delaware provides the proven legal framework for your ambitions. Delaware’s competitive advantage is dynamic. We’re building the corporate law framework for 2050 while our competitors are still catching up to where we were decades ago. For entrepreneurs and innovators, that’s not just reassuring; it’s essential. n

Charuni Patibanda-Sanchez serves as Delaware’s secretary of state.

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Innovation & Technology

Delaware’s Chemistry Innovation Hub Adesis brings world-class drug development to the First State BY SCOTT KNORR DELAWARE IS RAPIDLY EMERGING as a premier destination for life sciences innovation — and Adesis is proud to help lead the charge. As a contract development and manufacturing organization, we contribute to both the local economy and the global healthcare sector. With 100,000 square feet of modern facilities in New Castle and Wilmington, we’re helping to anchor a growing development hub — attracting top scientific talent, forging major industry partnerships, and supporting medicines that reach patients worldwide.

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ADVANCED CHEMISTRY FOR FASTER PROGRESS Every day, our chemists help pharmaceutical partners transform promising concepts into real candidates. We focus on the complex steps between discovery and a viable therapy — designing custom molecules, building robust synthetic routes, and scaling processes efficiently. The aim is practical: accelerate timelines, reduce surprises, and enable confident decision-making at each milestone. Because critical work often depends on timely materials and data, our synthesis, analytics, and process teams work in close collaboration.

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This integrated approach shortens feedback loops and keeps critical-path items moving forward.

Our specialized capabilities include developing complex therapeutic molecules, such as peptides for diabetes and cancer, as well as deuterated small molecules designed to enhance functional properties. We also prepare regulatory starting materials, impurities, and reference standards, and we support analytical method development. These foundational elements help ensure smooth progression into later-stage development.

DEEP EXPERTISE, RIGHT HERE IN DELAWARE With a team of more than 100 chemists — bringing experience across discovery, process development, and scale-up from bench to kilo quantities — Adesis has built a concentrated pool of advanced chemistry expertise. Paired with modern instrumentation and an agile operating model, our talent enables us to respond quickly, collaborate closely, and keep essential work moving when timelines are tight.

Our economic impact extends beyond the laboratory walls. We offer high-value scientific roles that retain Delaware’s top scientists and attract talent from around the world. Through ongoing investment in advanced equipment and facility expansions, we’re building infrastructure that supports long-term innovation. We also collaborate with local schools and universities to help develop the next generation of technical professionals — strengthening Delaware’s position in the Mid-Atlantic life sciences corridor.

Together Forward Cover & Rossiter Is Now The Bonadio Group!

The Bonadio Group, a nationally ranked IPA Top 50 CPA firm, has expanded into the Mid-Atlantic region by joining with award-winning CPA advisory firm Cover & Rossiter. Bonadio is committed to providing top-tier service to clients across Delaware and beyond with extensive industry-specific knowledge and experience.

Learn more about how the firms’ combined expertise can help your business reach its goals at bonadio.com.

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FROM LOCAL ROOTS TO GLOBAL IMPACT We complement our Delaware base with operations in Ireland, enabling global coordination while keeping Delaware as our anchor.

The state’s proximity to major pharmaceutical hubs in New Jersey, Pennsylvania, and Maryland makes it an ideal location for serving the industry’s leading companies. From our Delaware facilities, we support drug discovery and development programs that ultimately benefit patients worldwide — with breakthrough anti-infectives, cancer and rare disease therapies, and biomaterials.

Our geographical proximity facilitates timely, face-to-face decisionmaking when projects require rapid iteration. As Delaware continues to build its reputation as a life sciences hub, we serve as both a catalyst and an important component of sustained growth in this high-value industry.

civic engagement

A BRIGHT FUTURE FOR DELAWARE

thriving communities

With advanced chemistry, a highly skilled workforce, and deep community engagement, Adesis is helping to shape Delaware’s bright future — a knowledge-driven economy built on meaningful careers, global partnerships, and solutions that benefit the world. n

Scott Knorr is the president and general manager of Adesis.

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The Delaware Community Foundation makes more... environmental justice youth programming

...possible through the power of collective giving.

delcf.org | 302.571.8004 In partnership with the Community Foundation Awareness Initiative

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Innovation & Technology

Powering the Next Leap in Electronics Qnity is shaping the future of semiconductors from Delaware and beyond BY JOHN SINGER TRANSFORMATION IS A DRIVING FORCE in business, and few places understand its impact better than Delaware. For centuries, the First State has been recognized as a beacon of scientific and industrial progress, consistently fostering an environment where innovation flourishes and new ideas take root.

This year, another important change occurred. Qnity, once DuPont’s electronics business, set out to become an independent, publicly traded company (listed on the NYSE with the stock ticker “Q”). Qnity is a premier, global, pure-play technology solutions leader across the semiconductor value chain, with 2024 net sales of $4.3 billion, 10,000 employees, nearly 40 manufacturing sites, and 17 research labs globally.

Our team members have anchored around a phrase, “powering the next leap in electronics,” and that’s for good reason. History shows us 40

that major breakthroughs in technology have been sparked by a catalyst — or a leap — that redefines what’s possible. Today, we’re standing at the edge of the next transformation, driven by demands like AI, machine learning, cloud computing, smart devices, autonomous driving systems, and more.

These demands require new and innovative materials. This is where Qnity shines.

The name Qnity (pronounced cue-ni-tee) is inspired by the symbol “Q” for electrical charge and “unity.” While Qnity’s name is new, our history as an established, pure-play technology leader for the semiconductor value chain is anything but. For decades, Qnity scientists, engineers, and business leaders have partnered with world-renowned brands and leaders of next-generation technology — enabling the Novem b e r / Dec em b e r 2025

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electronics we use every day at home and at work, to travel, to get the best medical care, and beyond. We’re not just testing the boundaries of these technologies; we’re reimagining them.

LOCAL ROOTS & GLOBAL IMPACT With the change to a separate company, Qnity’s headquarters will remain firmly planted in Delaware, along with five in-state locations, which include R&D technology and manufacturing sites, and nearly 1,400 employees. From 2022 to 2024, we’ve invested over $100 million in capital investments in the state, and have plans for continued investments in the next few years.

At Qnity, the drive for progress is rooted in a spirit of unity and scientific curiosity. And to ensure we’re able to continue powering our customers’ technology roadmaps, we need to continue investing in our local workforce. That’s why, for example, we’re partnering with Delaware Technical Community College on the development of programs to upskill our team, provide critical work experience, and build a strong network of future employees.

Each investment in local talent and cutting-edge facilities plants a seed for global advancement, translating research and invention into

real-world impact. By nurturing talent and creating opportunities for expansion, Qnity is laying the groundwork for discoveries that will shape the semiconductor sector for years to come, underscoring Delaware’s place at the heart of global technological progress.

POWERING WHAT’S NEXT According to industry analysts at McKinsey, the global semiconductor sector is projected to double in size by 2030, reaching $1 trillion in revenue. Meeting that kind of demand requires advances in the materials and integration that underpin the entire electronics value chain.

Innovation has always been part of Delaware’s story. With Qnity, that story continues as we deliver next-generation solutions for nextgeneration technologies. We’re excited about what’s next as we seek to make tomorrow’s technologies possible, and we hope Delaware is too. n

John Singer is the chief operations and engineering officer at Qnity.

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Innovation & Technology

The Case for Offshore Wind

US Wind project will deliver massive energy and benefits

BY MIKE DUNMYER

IN DELAWARE and around the country, there is an urgent need for new power generation. A February 2025 report by the Brattle Group for ConservAmerica, “A Wide Array of Resources is Needed to Meet Growing U.S. Energy Demand,” found that the U.S. will require 50% more annual electricity production by 2035 and will need to meet 20% higher peak demand by 2030, and 30% by 2035. This demand growth is driven primarily by new data centers, which consume as much energy in one month as 10,000 homes would in one year.

All kinds of energy will be needed to meet this increased demand. The Brattle report also says that new gas-fired generation and nuclear restarts planned to come online by 2030 will deliver only a third of projected peak demand growth. Fortunately, there are more than enough renewable energy projects in transmission interconnection queues to make up the difference.

Without those resources, the supply-demand imbalance will cause energy costs to continue rising, crowding out other household spending and limiting business development. The same report also states that without wind and solar projects, U.S. GDP would lose $510 billion between 2024 and 2035.

This countrywide challenge is being felt in Delaware, too. In their summer report, PJM, which manages the 14-state grid that includes Delaware, recently forecasted for the first time that available generation capacity may not cover required reserves. In addition, because the two states with the most data centers in the nation — Virginia and Ohio — are also part of the PJM grid, energy costs and the threat of shortages will continue to grow in our own state.

There is a solution, however. US Wind’s fully permitted offshore wind project has a nameplate capacity of more than 1,700 megawatts, which is more than two times all existing and planned capacity on the Delmarva Peninsula. The project could begin delivering power by the end of 2029 and, once fully built, will provide significant cost savings to Delaware ratepayers. If the project were operating today, ratepayers would save $500 million a year in capacity costs alone (based on 2025 capacity auction pricing). Further analysis found that US Wind’s project would have saved ratepayers $1.43 million in power costs in just one hour last January.

In addition to ratepayer savings, US Wind will invest $400 million to strengthen the local grid, which will also create significant job opportunities for electrical workers, particularly those from the International Brotherhood of Electrical Workers. US Wind will also invest $40 million for coastal dredging, workforce development, and climate change resiliency, and $50 million for projects around Indian River Bay. US Wind will provide $25 million in subaqueous lease payments and will give the state 150,000 free renewable energy credits every year for 20 years ($76 million value). Meanwhile, Delawareans will have opportunities to be a part of the construction supply chain and ongoing operations and maintenance.

Delaware needs offshore wind, and US Wind is ready to deliver. n

Mike Dunmyer is the Delaware development manager at U.S. Wind.

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Innovation & Technology

Pioneering Innovation in Delaware and Beyond CONTRIBUTED BY INCYTE

AT INCYTE, we believe every challenge is a chance for a breakthrough.

Since the start, our global headquarters in Wilmington, Del., has been a hub for biopharmaceutical innovation. We take pride in our role in the U.S. pharmaceutical sector, which is responsible for more than 50% of the world’s new drug discoveries, and have maintained a clear mission to make a meaningful difference for patients around the world through our work.

The scientists, chemists, and biologists who began this journey with us shared the passion and perseverance that would — over the span of more than 20 years — provide nine first-of-its-kind treatments to patients around the world and grow Incyte into a global organization with more than 2,700 employees.

We recognize the transformative power of research in shaping the future of medicine. Our research focuses on expanding our portfolio and advancing treatments where we can make the greatest impact. Today, we have a robust portfolio of treatments across oncology and inflammation DELAWARE BUSINESS

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and autoimmunity, including dermatology, and our passion for innovation is stronger than ever. To date, our commercialized medicines have treated more than two million patients.

We are committed to accelerating research and development opportunities and understand that innovation thrives through collaboration. We actively partner with leading universities, pharmaceutical and biotechnology companies, and patient advocacy organizations to help amplify our impact across dermatology, oncology, and beyond.

We’re also using advanced technologies, including artificial intelligence, to enhance research efficiency and regulatory processes in an effort to bring solutions to patients faster — and we are committed to responsibly using these tools to address areas of critical health care importance. With each discovery, we hope to be one step closer to a future where diseases that once seemed insurmountable are met with effective, innovative solutions. n 43

Innovation & Technology

Delaware’s Connected Future

BY DAN BONELLI AND RAY ROUNDTREE

AT COMCAST, we understand the critical role a secure and reliable Internet network plays in community development. In today’s digital age, fast and reliable Internet access is a must-have to help residents, businesses, and community organizations stay connected to loved ones, take advantage of online educational and telehealth opportunities, and serve local customers.

Comcast operates the nation’s smartest and most reliable converged network. Through Xfinity and Comcast Business, we deliver world-class Internet, mobile, and entertainment experiences that delight customers with technology that powers the future. Our commitment to Delaware is strong, serving all three counties and investing more than $508 million in the last three years through capital expenditures, employee wages and benefits, taxes and fees, and nonprofit contributions.

Trusted by mission-critical organizations — including healthcare systems and universities in Delaware — Comcast’s network powers essential 44

community resources and businesses large and small. More than 400,000 homes and businesses in Delaware have access to Xfinity and Comcast Business services, and we’ve recently expanded our network to reach new residents and businesses in places like Bridgeville, Bethany Beach, Georgetown, Middletown, Ocean View, and Smyrna.

As Internet usage continues to skyrocket, Comcast’s network continues to get smarter, faster, and more reliable to meet increasing customer demand for speed and capacity. That means enough capacity to handle more streaming, gaming, AI, and cloud applications.

We continuously invest in and innovate our network to keep it resilient, secure, and future-ready. Over the last 10 years, we have invested $80 billion nationally in our network and infrastructure. Our fiber-rich network delivers gig-speed connectivity across our Delaware footprint and across the country — and we continue our journey to roll out multi-gig symmetrical speeds over existing connections in homes today.

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SECURITY

POWERING PROGRESS IN DELAWARE

While there has been a 300% increase in cyberattacks since 2020, Comcast builds security into every layer of our network and products, protecting connected devices automatically.

We have thousands of cybersecurity analysts and engineers working to block tens of billions of cyberattacks every year.

We are dedicated to delivering connectivity to more Delaware individuals, families, and businesses through our smart, reliable network, innovative products and services, and effective public-private partnerships. For example, in 2023, we partnered with Delaware to expand our network to 2,600 previously unserved homes and businesses in rural parts of Sussex County — a project that was completed on time and on budget.

By empowering Delaware with the tools and resources necessary to succeed in today’s digital world, we’re building a stronger, more connected future for all communities across the First State. n

COMMUNITY IMPACT Comcast is committed to creating positive change through Project UP, our $1 billion commitment to advance digital opportunity and help build a future of unlimited possibilities. This includes partnerships with organizations like the Boys & Girls Clubs of Delaware, which we recently awarded a $20,000 grant to support local youth with digital skills training and career development programs.

In addition to monetary grants, Delaware residents also benefit from access to more than 10 Lift Zones across the state. Lift Zones provide a robust — and free — Wi-Fi solution in neighborhood locations like nonprofit organizations, community centers, and parks and recreation facilities.

In the last 10 years, we have connected more than 158,000 Delaware residents (and more than 10 million people nationally) to home Internet service through Internet Essentials, our affordable, high-speed offering for low-income families.

Dan Bonelli (left) is the regional senior vice president of Comcast’s Freedom Region and Ray Roundtree is the regional senior vice president of Comcast’s Beltway Region.

THERE IS A DIFFERENCE IN CPA FIRMS...

I AM THE DIFFERENCE ROBERT S. SMITH, CPA www.santoracpagroup.com | 302.737.6200 DELAWARE BUSINESS

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Barclays proudly supports Celebrating 20 Years DCRAC/Stepping Stones of and andPartnership their work driving Progress in Wilmington change in our communities Pride in Delaware is more than

sentiment — it’s part of who we are.

For two decades, Barclays has built a legacy of vision, partnership, and

community impact. As we look ahead, our roots in Wilmington remain

strong — an exceptional place to work, a hub of innovation, and a true home.

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Banking

Two Decades of Partnership, Growth, and Community CONTRIBUTED BY BARCLAYS

WITH AN ENDURING COMMITMENT TO partnership and innovation, Barclays has spent the last 20 years etching its legacy into the fabric of the First State. Our journey began in 2004, when UK-based Barclays PLC made a decisive entry into the United States credit card market by acquiring Juniper Financial Corporation, a startup online bank headquartered along Wilmington’s riverfront. This acquisition provided Barclays with a strategic entry point into the world’s largest credit card market and set the stage for its expansion within the U.S. banking ecosystem.

MILESTONES OF REMARKABLE GROWTH Over two decades, Barclays has emerged as a formidable force in banking — ascending from its Wilmington roots to become the ninth-largest credit card issuer in the nation, now serving more than 20 million customers through co-branded products that represent some of America’s best-known brands. Barclays’ co-branded card programs, designed in collaboration with prominent partners such as General Motors, Gap, JetBlue, AARP, Carnival Cruise Line, Microsoft Xbox, and Wyndham, represent the bank’s innovative spirit and marketing acumen.

In 2012, Barclays expanded its product suite to include high-yield online savings accounts, which now boast about $23 billion in retail deposit balances. This diversification has not only cemented the bank’s financial strength, but also helped countless consumers pursue better financial futures.

BUILDING COMMUNITY, FOSTERING EXCELLENCE At the heart of Barclays’ success in Delaware are the colleagues who fuel its vision. What began with a few hundred dedicated professionals in a single building in Wilmington has evolved into a network of thousands across the United States. Today, thousands of employees — including over 50 celebrating their own 20-year journeys at Barclays — stand as testament to the bank’s culture of excellence, resilience, and collaboration.

Barclays’ commitment to Delaware extends well beyond business.

The bank’s colleagues have embodied a spirit of citizenship, volunteering DELAWARE BUSINESS

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over 170,000 hours and participating in more than 16,000 activities since 2019. The bank’s support for organizations such as the West End Neighborhood House, REACH Riverside, and The Challenge Program has helped hundreds of Delawareans start new businesses and learn skills that help land valuable jobs. From supporting local businesses and charities to empowering individuals with vital skills, Barclays’ presence has been a force for good throughout the region.

DELAWARE: OUR ENDURING HOME Barclays’ roots in Wilmington run deep. The bank’s purchase and renovation of its U.S. headquarters at 125 South West Street, complete with modern amenities and collaborative workspaces, signals a forwardthinking approach to the well-being and growth of its colleagues and organizational culture.

Pride in Delaware is more than sentiment; it is a hallmark of Barclays’ identity. The bank’s story over the past 20 years is one of partnership, growth, and community impact. As Barclays looks to the future, it does so anchored by its heritage in the First State — an exceptional place to work, an engine of innovation and growth, and a home in every sense. n 47

Banking

Solving for Speed and Security

2025 payment trends for midsize businesses BY MIKE CUMMINS IN TODAY’S CHANGING FINANCIAL LANDSCAPE, midsize companies are navigating a complex mix of payment technologies, fraud risks, and operational demands. Citizens’ fourth annual Payment Trends Survey reveals that while the shift toward realtime and digital payments continues, many businesses still rely on traditional methods — highlighting both opportunity and inertia in the market. Here are the top five insights from the survey:

CHECKS PERSIST, BUT INSTANT PAYMENTS SURGE Despite the rise of digital solutions, nearly half of midsize businesses still use checks. This reliance reflects legacy systems and stakeholder 48

preferences, but it also underscores the need for modernization. Instant payments, like Real-Time Payments (RTP) and FedNow, are now used by 73% of respondents, signaling a strong pivot toward speed and efficiency.

These platforms offer real-time settlement, which is increasingly critical for managing cash flow and vendor relationships.

FRAUD PREVENTION TAKES CENTER STAGE Fraud remains a top concern, particularly for smaller midsize firms.

The survey shows that these businesses experience fraud more frequently than their larger counterparts. In response, treasury teams are deploying a mix of mitigation strategies, with real-time fraud detection emerging as Novem b e r / Dec em b e r 2025

| DELAWARE BUSINESS

a standout. As payment velocity increases, so does the need for robust, AI-powered risk management tools that can adapt to evolving threats.

THE RISE (AND FALL) OF B2C PAYMENT PLATFORMS Interestingly, B2C platforms like Venmo, PayPal, and Zelle — once popular among midsize firms — have seen a decline in usage since peaking in 2024. This shift may reflect growing concerns around consumer-grade security and the need for more enterprise-ready solutions. While these platforms offer convenience, they often lack the controls and integration capabilities required by corporate finance teams.

EMBEDDED FINANCE AND AI: THE NEW FRONTIER Treasury leaders are increasingly embracing embedded finance and AI-driven tools. These technologies enable seamless integration of payment functions into broader financial workflows, enhancing visibility and control. Embedded APIs allow for real-time data exchange, while AI supports predictive analytics and automated decision-making. Together, they represent a powerful toolkit for modernizing treasury operations.

money movement demands not just faster platforms, but smarter ones — capable of managing risk, ensuring compliance, and delivering insights.

CEOs and CFOs must weigh the benefits of transformation against the costs of disruption, ensuring that payment strategies align with broader business goals.

LOOKING AHEAD The Citizens 2025 Payment Trends Survey paints a picture of cautious transformation. Midsize firms are moving toward a more digital, secure, and efficient future — but the journey is uneven. Success will depend on leadership’s ability to prioritize investments, foster agility, and build partnerships that support long-term growth.

As we look ahead, one thing is clear: the future of payments is not just faster — it’s smarter. For midsize businesses, that future is already taking shape. n

BALANCING INNOVATION WITH PRACTICALITY While the appetite for innovation is strong, many midsize companies face challenges integrating new tools into legacy systems. The speed of

Mike Cummins is the head of treasury solutions at Citizens.

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Banking

Position Your Business for Success in the New Year

BY KELLY FIRMENT

FOR MANY ENTREPRENEURS, the final months of the year mark a key transition point that can set the tone for next year’s growth.

It’s a crucial time for business owners to assess their finances and prepare to capitalize on upcoming opportunities and new cycles of customer engagement.

Some Delaware businesses may see an influx of traffic during the winter, especially during the holidays. For those that experience a natural slowdown as the temperatures drop, it’s an ideal time to refine strategies and set the stage for future peaks. Either way, the seasonal transition provides an opportunity to maximize the final quarter and build momentum for the year ahead.

To ensure success, here are some tips to help businesses across Delaware optimize cash flow, manage inventory, and make data-driven decisions to prepare for the new year.

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SOLIDIFY CASH FLOW Business owners need to meticulously manage and monitor cashflow to finish the year strong. Business owners can do so by: Strategic use of credit: Business credit cards that offer reward points can enhance cash management and provide additional benefits.

Forecast a budget: For Delaware businesses in certain sectors — think tourism and hospitality — cash flow is susceptible to seasonal cycles.

Peak summer and winter seasons may bring in a wave of customers and, therefore, substantial revenue, which leaves a potential lull during the winter months. To shield the business, build potential revenue dips, whether due to slower customer activity or seasonal demand shifts, into your budget.

Negotiate with suppliers: If there are any new suppliers you will be working with in the new year or agreements up for renewal, plan to 51

Banking negotiate those vendor contracts as appropriate. Ask for extended payment terms, discounts for early payment, or volume discounts. If you can’t come to an agreement, don’t be afraid to shop around for better deals and partners.

Accelerate receivables when possible: Look for ways to incentivize customers to make early payments before year-end. You can also stay on top of receivables by invoicing promptly and not being afraid to follow up on late payments.

Proactively explore financing options: Don’t wait until you’re facing a year-end cash crunch to seek financing. If you don’t have an existing relationship with a bank or credit union, start the year off right by establishing one. A line of credit can be a valuable safety net toward the end of the year.

OPTIMIZE INVENTORY FOR DEMAND Business owners should examine physical inventories and adjust as needed to streamline for the winter months. By strategically optimizing inventory, businesses can confidently navigate fluctuating demand, avoid costly overstocks, and ensure customer needs are met. Some tactics to manage inventory include: Analyze sales data and adjust: Consult historical sales data to identify your best- and worst-selling products. By understanding proven demand

DELAWARE

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Owning a business in Delaware is a rewarding but challenging vocation, and a crucial element of success lies in effectively managing fluctuating consumer needs and costs as the seasons change. patterns, you’ll be able to make more informed decisions about which products to stock up on and which can be moved off the shelves.

Implement just-in-time inventory: If possible, work with suppliers to implement a just-in-time inventory system to receive items when you truly need them. This will help minimize storage costs and the risk of overstock, allowing you to capture sales opportunities while maintaining leaner operations.

Consider year-end promotions: As 2025 winds down, run promotions to clear out excess seasonal inventory and create more space for new 2026 arrivals.

THINK LIKE A CFO Every season, business owners should use data to identify trends in customers’ behavior, forecast revenues, and plan ahead. Business owners can start by looking at the past three to five seasons to determine the specific revenue dips and expense spikes. From there, it is crucial to identify the why behind these numbers. Having a deep understanding of performance metrics will help entrepreneurs better prepare for the future. To do this, start by: Segmenting your customer base: Understand which customer segments are most active during this transition period and tailor your new year offerings accordingly. Are you serving local Delawareans, drawing from the broader Mid-Atlantic region, or capturing business from the I-95 corridor?

These considerations can better inform marketing messaging and spend.

Developing and tracking key performance indicators (KPIs): While overall revenue is important, you should be using a variety of metrics to measure the success of your business. Tracking KPIs like customer acquisition cost, average transaction value, and website traffic, provide visibility into your current performance and enable you to identify growth pathways, pinpoint optimization opportunities, and accelerate your progress toward your goals.

Owning a business in Delaware is a rewarding but challenging vocation, and a crucial element of success lies in effectively managing fluctuating consumer needs and costs as the seasons change. By taking proactive steps during the final months of the year, you can build a strong foundation for success in the new year. n

Kelly Firment is the president of Bank of America Delaware.

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Chamber Calendar WHAT’S NEXT?

WEDNESDAY, DECEMBER 10 Taste of Delaware From its agricultural roots, Delaware has built a reputation for world-class flavors. In December, we’re bringing those traditions from Delaware to our nation’s capital. Join honorary host U.S. Senator Chris Coons for the Annual Taste of Delaware — a crowd favorite event that celebrates the very best of the First State’s food, drink, and hospitality.

FREE to attend

TUESDAY, DECEMBER 16 Networking Breakfast at the Goodwill Center Join us for our final networking event of the year in the Goodwill Center’s community room.

Connect with fellow professionals and learn more about Goodwill’s mission to empower individuals through job training and employment opportunities.

FREE for Members $15 for Future Members

Join us at our next event!

MONDAY, JANUARY 12, 2026 189th Annual Dinner

Fill up your calendar and see our upcoming events by scanning here:

With more than 1,100 business, community, and government leaders, Delaware’s premier business event has always been the place to be for high-level networking. Held the evening before the General Assembly returns to session, the Annual Dinner is an opportunity to mingle with Delaware’s decision makers. This year’s keynote speaker is Rodger Levenson, chairman, president, and CEO of WSFS Financial Corporation and it’s primary subsidiary, WSFS Bank. $300 Member Admission* | $395 Future Member Admission $3,000 Member Table* | $3,950 Future Member Table *Member Early Bird Rates available until December 5.

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Events calendar is subject to change.

Additional events may be added.

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Newsbites recognized credentials with academic degrees so learners can move forward, while Delaware employers gain the skilled workforce they urgently need.”

Dover Motor Speedway to Host 2026 NASCAR All-Star Race The 42nd annual NASCAR All-Star Race, featuring the stars of the NASCAR Cup Series, is coming to The Monster Mile in 2026. The AllStar Race winner will take home a $1 million paycheck as the storied event makes its first visit to Dover Motor Speedway.

The move to Dover will mark the first time the NASCAR All-Star Race has been hosted on a one-mile oval and in the Northeast, kicking off three months of signature sports events in the greater Philadelphia area in 2026. Following the NASCAR All-Star Race in May, FIFA World Cup 26 will be played in June and July at Lincoln Financial Field, and the MLB All-Star Game will be held July 14 at Citizens Bank Park in Philadelphia. The events coincide with the United States’ 250th birthday on July 4 and the 1776 signing of the Declaration of Independence.

“Hosting the NASCAR All-Star Race at The Monster Mile is a win for Delaware’s economy and tourism industry,” said Delaware Gov. Matt Meyer. “In 2026, as we celebrate America’s 250th anniversary, fans from across the globe will come here for the thrill of race weekend, discovering our beaches, history, and hospitality along the way. And take it from the First State: If you’re not first, you’re last!”

Wilmington University Partners to Launch Cloud Education Pathways Emerging Delaware and Wilmington University (WilmU) partnered to launch cloud education pathways this fall in direct response to a global shortage of cloud and artificial intelligence talent.

More than 6 million cloud jobs are currently unfilled worldwide, and by 2026, over 90% of organizations are expected to face critical IT skill gaps.

The initiative will offer degree programs, certificates, short courses, and industry-recognized credentials, creating immediate opportunities for students in Delaware and beyond to prepare for high-demand technology careers.

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Morris James Expands Wilmington Footprint

The partnership combines Emerging Delaware’s focus on workforce innovation with WilmU’s academic strength to deliver flexible, stackable programs.

Learners can earn both university-issued certificates and industry certifications, including opportunities for high school students to achieve credentials before graduation. All credentials can be applied toward associate, bachelor’s, or master’s degrees at WilmU. WilmU will host programs through its colleges of Business and Technology, and Professional and Continuing Education. Emerging Delaware will lead program design, technology support, and employer outreach.

“This initiative advances Wilmington University’s mission by delivering practical, career-focused education that leads directly to opportunity,” said senior vice president and chief academic officer Denise Wells. “We align industry-

Morris James has opened its new headquarters at Avenue North and executed a strategic lease at Courthouse Square in downtown Wilmington, reinforcing its commitment to providing the Delaware community with forwardthinking legal services. More than a real estate decision, the expansion will enhance the firm’s flexibility, collaboration, and client service across all practice areas.

From Delaware’s corporate entities to statewide businesses to individuals with complex legal needs, Morris James designed its dual-location strategy to serve a broad and evolving client base seamlessly, purposefully, and with room for continued growth.

“This wasn’t simply a move. It was a purposeful step forward,” said Keith Donovan, managing partner at Morris James. “We chose spaces that reflect the evolution of our work, encourage collaboration, and allow us to exceed the needs of our clients and our teams with greater agility. It’s part of a broader strategy to lead the market by aligning our physical presence with the way modern legal services are delivered.”

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ABC Delaware Opens New Office in Georgetown

DPP Website Earns 2025 Excellence Award

Associated Builders and Contractors (ABC) Delaware announced the opening of its new southern Delaware office in Georgetown. A ribbon cutting was held on Friday, October 24.

“ABC exists to serve our members where they build and do business,” said Jen Cohan, president of ABC Delaware.

“By planting deeper roots in Georgetown, we’re making it easier for contractors to access training, safety resources, apprenticeship support, and advocacy — right in their backyard. Southern Delaware is growing quickly, and our members deserve a partner that’s just as responsive and forward-looking.”

The Georgetown location will provide a convenient hub for member services, including workforce development programming, apprenticeship and craft training coordination, safety and compliance resources, leadership development offerings, and space for committee meetings and peer networking. ABC’s expanded presence will also strengthen relationships with local schools, community organizations, and economic development partners to help grow the region’s skilled talent pipeline.

“This new office is about meeting demand and investing in the future,” said Angela Mariano, chair of the ABC Delaware Board of Directors. “Our members are building the homes, infrastructure, schools, and businesses powering southern Delaware’s economy. Having ABC on the ground in Georgetown means quicker support, more training opportunities, and a stronger voice for the merit shop.”

The Delaware Prosperity Partnership (DPP) website has received a 2025 Excellence in Economic Development Award from the International Economic Development Council (IEDC).

The annual IEDC awards honor work by economic development organizations, government entities, initiatives, and programs that demonstrate consistent,

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exemplary performance in the profession.

DPP was one of 125 organizations from Australia, Canada, Chile, Mexico, the United States, and Puerto Rico to win awards across 26 categories and four population divisions this year.

ChooseDelaware.com earned a Bronze Award in the General Purpose Website category for organizations serving a population greater than 500,000. Judges praised the site for its “clean,” “easy to navigate” design and its “very open

Delaware Division of the Arts Announces $5M in Grants

From small-town theaters to statewide education partnerships, from capital improvements to programs reaching underserved communities, the arts in Delaware are more than entertainment. They are a driver of jobs, an inspiration for young people, a catalyst for community pride, and a contributor to Delawareans’ well-being. That’s why the Delaware Division of the Arts is investing $5,056,525 in grants to 125 arts and community organizations that will deliver programming, education, and cultural opportunities to Delawareans in every county.

“These funds will play a crucial role in fostering a vibrant cultural environment and ensuring that the arts remain accessible to all Delawareans,” said Jessica Ball, director of the Delaware Division of the Arts. “We extend our gratitude to Gov. Matt Meyer, Secretary of State Charuni Patibanda-Sanchez, the Delaware General Assembly, and the National Endowment for the Arts for their continued support in making this investment possible.”

The impact of this funding will be felt in countless ways across the state. Arts organizations will energize neighborhoods with performances, exhibitions, and festivals that make communities more welcoming and connected. Local economies will benefit as audiences spend money at nearby restaurants, shops, and hotels, while the grants themselves help sustain the jobs of artists, educators, technicians, and administrators who form the backbone of the creative sector.

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Newsbites invitation to go deeper into the site or with the staff.” They also noted that the site provides “a wealth of information” about what Delaware offers and succeeds in “communicating Delaware’s strengths” and “telling a great story for Delaware,” while “paying attention to

inclusivity and audience experience.”

Charles A. Madden, director of existing business engagement, accepted the award on behalf of the DPP team during the 2025 IEDC Annual Conference in Detroit on Sept. 15. DPP previously earned Excellence in Economic

Aternium Announces $1M Investment from State

Aternium marked its two-year anniversary with a special event highlighted by an announcement that the State of Delaware is investing $1 million in the innovative company. The funding will propel Aternium to its next phase of engineering on its path toward producing industrial clean hydrogen.

In September, nearly 100 community leaders gathered at CSC Station in Wilmington to celebrate as Lt. Gov. Kyle Evans Gay and Delaware Division of Small Business (DSB) Director CJ Bell presented a ceremonial check to Aternium founder Dr. Andrew Cottone.

The State of Delaware’s $1 million investment in Aternium comes from the Delaware Accelerator & Seed Capital Program, one of four programs awarded under the State Small Business Credit Initiative (SSBCI) federal program from the U.S. Department of the Treasury. The Division of Small Business is administering Delaware’s $60.9 million SSBCI award, aimed at providing access to capital for startup and early-stage businesses.

“We are continuing to make significant investments in high-impact, highgrowth companies to position Delaware as the Mid-Atlantic hub for innovation,” said DSB Director CJ Bell. “Supporting companies like Aternium is good for our state’s economy, and our environment.”

“We are grateful to the State of Delaware for this critical funding, which underscores the state’s commitment to innovation, and clean energy,” said Cottone. “This support accelerates our efforts to sustainably scale clean hydrogen production, strengthen our partnerships, and bring lasting economic and environmental benefits to Delaware.”

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Development Awards in the categories of Paid Advertising Campaign (Silver, 2020); Special Event (Gold, 2021); Special Purpose Website (Silver, 2022); and Entrepreneurship (Bronze, 2022).

Margaret H. Rollins School of Nursing Named Center of Excellence Beebe Healthcare’s Margaret H. Rollins School of Nursing has been named a 2025 Center of Excellence in Nursing Education by the National League for Nursing. Beebe is one of just 22 programs across the U.S. to earn this designation in 2025.

The National League for Nursing bestows this prestigious honor on higher education programs, teaching hospitals, and clinical sites that exemplify standards of excellence in nursing education.

It recognizes programs that invest in evidence-based practices, with teaching strategies that help students optimize their learning experiences and outcomes.

The evaluation also considers the integration of state-of-the-art teaching resources, demonstrated community support, the availability of servicelearning and study abroad opportunities, options for student scholarships, and established processes for faculty development.

The Margaret H. Rollins School of Nursing earned its first Center of Excellence designation from the National League for Nursing in 2021. The new and

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United States Postal Service

Statement of Ownership, Management and Circulation (All Periodicals Publications Except Requester Publications)

1. Publication Title

2. Publication Number

Delaware Business

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most recent designation remains active through 2030.

“We have worked incredibly hard to build a comprehensive program here at the Margaret H. Rollins School of Nursing that truly makes Beebe a destination for nursing education,” said Karen Prickard, DNP, MSN, RN, CNE, NEA-BC, director of the Margaret H. Rollins School of Nursing and Clinical Professional Development. “Being named a Center of Excellence by the National League for Nursing affirms that our approach is the right one, and is positioning Beebe as a leader in the delivery of comprehensive, outcomes-centered nursing education.”

Joanna Barnekov-Staib to Lead Office of Workforce Development Delaware Department of Labor Secretary LaKresha Moultrie recently announced that Joanna BarnekovStaib will serve as the statewide coordinator of the new Office of Workforce Development.

Established by Delaware Gov. Matt Meyer’s Executive Order 10, the Office of Workforce Development will serve as a centralized, statewide office to ensure that state and federal resources are efficiently and strategically leveraged to Joanna Barnekovprovide access to education, Staib career counseling, job training, and

placement services for Delawareans.

Barnekov-Staib has more than 30 years of experience in workforce development and operations. She has served as the executive director of the Delaware Workforce Development Board for the past five years, where she developed partnerships with employers, educators, and the community to strengthen the workforce. A graduate of the University of Delaware, she was named one of Delaware’s Most Influential People in Business in 2023 by The News Journal.

“Joanna’s decades of workforce development experience will be a tremendous asset to leading Gov. Meyer’s workforce initiatives,” Moultrie said.

“Her connections throughout Delaware, coupled with her passion for creating pathways to training and employment, will allow her to hit the ground running in this new role.”

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95.09%

2,902 2,902 100.00%

2,902 3,052 95.09%

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Didn’t catch us online? Here are some recent highlights from people talking about the Delaware State Chamber on social media... @Delaware State Chamber of Commerce @DelawareStateChamber

@DEStateChamber

Blackwell HR: Our team had a great time attending the Delaware State Chamber of Commerce networking event this morning at the Brandywine Zoo - a Delaware treasure and a longtime client we’re proud to support! Congratulations to the Brandywine Zoo on celebrating 120 years of education, conservation, and community impact.

Whisman Giordano & Associates: Joseph Giordano and Chloe Kennedy hit the links with the Delaware State Chamber to support the Delaware Employers & Employees Voter Education Fund, whose purpose is to educate voters about key issues and candidates and distribute educational materials on state and local elections. If you’re keeping track, Chloe (again) won the women’s longest drive contest.

Jennalee Fede, P.E.:

ICYMI IN CASE YOU MISSED IT

Erica (Johnson) Crell: Started the morning with the Delaware State Chamber of Commerce at the University of Delaware‘s Whitney Athletic Center. We kicked things off with breakfast in the club box overlooking the football field, which offered a unique and inspiring backdrop for conversation and connection.

We also heard from Jordan Skolnick, Interim AD about the athletics department followed by a tour of the new, state-of-the-art facility.

As a former Blue Hen Field Hockey Coach, I couldn’t help but laugh — this incredible building wasn’t even here when I was coaching here. Let’s just say the facilities have come a long way! PS - check out the mural, created by a former alum, and my new pal Sarah Palmer who had her first #crellfie.

�� Developing Delaware at DTCC – A Day of Vision and Momentum ��

Proud to have attended the Delaware State Chamber of Commerce’s Developing Delaware event at the DTCC Campus in Dover. The energy in the room was electric, and the conversations were focused on one clear goal: positioning Delaware as a pro-business powerhouse.

We have the ingredients to stand out in the Northeast:

✅ A pipeline of young, driven talent ✅ Low cost of living and high quality of life ✅ Access to outdoor spaces that enrich our communities ✅ And most importantly, economic development

professionals who go above and beyond to make things happen.

The lightning presentations by our County administrators sparked meaningful dialogue, and the spotlight on projects

by Downtown Dover Partnership, Starwood Digital Ventures, and ALOFT AeroArchitects showcased the innovation happening across the state. And let’s not forget the sweet representation from Sussex County for dessert after lunch!

So good! Kudos to the DSCC for hosting such a dynamic and forward-thinking event. Delaware is ready to lead, and I’m excited to be part of the journey.

DELAWARE BUSINESS

| Nove m be r/ De ce m be r 2025

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CALL THE CHAMBER The State Chamber of Commerce staff works for you, serving our member companies and organizations statewide.

This State Chamber staff directory lists phone numbers and email addresses, as well as individual areas of responsibility.

If you need business assistance or information, please don’t hesitate to call.

Michael J. Quaranta President

Kelly Basile Chief Operating Officer (302) 576-6564 kbasile@dscc.com

Danielle Blake Vice President, Member Engagement (302) 576-6571 dblake@dscc.com

Melissa Brayman Director, Administration & Finance (302) 576-6572 mbrayman@dscc.com

Regina Donato Director, Communications (302) 576-6567 rdonato@dscc.com

Damon Howard Manager, Digital & Print Advertising (302) 576-6579 dhoward@dscc.com

Tyler Micik Director, Public Policy & Government Relations (302) 576-6590 tmicik@dscc.com

Amanda Schimmel Manager, Marketing & Accounting (302) 576-6560 aschimmel@dscc.com

Kerri Welcher Manager, Events (302) 576-6566 kwelcher@dscc.com

(302) 576-6585 mquaranta@dscc.com

C

DELAWARE STATE CHAMBER OF COMMERCE

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Facebook: DelawareStateChamber Twitter: DEStateChamber Linkedin: Delaware State Chamber of Commerce YouTube: DEStateChamber Instagram: DEStateChamber

1201 N. Orange Street, P.O. Box 671 Wilmington, DE 19899-0671 (302) 655-7221 www.dscc.com

The Delaware State Chamber of Commerce is dedicated to promoting an economic climate that strengthens the competitiveness of Delaware businesses and benefits citizens of the state. Founded in 1837 as the Wilmington Board of Trade, the Delaware State Chamber of Commerce has a long history as the largest, most influential business organization in the state. The State Chamber is uniquely positioned to bring parties together to solve problems, create jobs, promote business, and improve the quality of life for all Delawareans.

Novem b e r / Dec em b e r 2025

| DELAWARE BUSINESS

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