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Delaware’s Top Bond Ratings Reaffirmed

Governor Carney Announces High Ratings from Moody’s Investors Service, Standard & Poor

29 August, 2022  | State of Delaware

DelDOT Maintains Strong Credit Position, Delaware’s AAA Rating Also Reaffirmed


(WILMINGTON, Del.) – Governor John Carney recently announced that Moody’s Investors Service has assigned an Aa1 rating to the Delaware Transportation Authority Series 2022 transportation system senior revenue bonds and Standard & Poor’s assigned its ‘AA+’ long-term rating to Delaware Transportation for the 2022 revenue bonds series. Both rating agencies affirmed credit ratings of Aa1 (Moody’s) and AA+ (S&P) for the Authority’s transportation system senior revenue bonds series outstanding, both agencies issued a stable outlook for the transportation system revenue bonds. Moody’s has also reaffirmed the State’s AAA rating, the highest rating available for any state.

“Delaware continues to receive high marks for fiscal management which allows us to sustain the important investments we’ve made in our schools, our infrastructure, our communities, and our economy, including efforts to address the impacts of COVID-19 and future public health crises,” said Governor Carney. “All Delawareans can be proud of the work we’ve done with the General Assembly to boost the State’s finances prior to COVID-19, and the sustainable budget we passed this legislative session. These steps will help ensure Delaware is the best place to live, work, and raise a family.”

The Moody’s opinion lists other strengths including “lower business costs and cost of living relative to neighboring states” and the recently enacted FY23 budget that increases State reserves, improves funding of post-retirement healthcare benefits, and “directs a large share of expected revenue to non-recurring items such as capital investments.”

Moody’s Investors Service and Standard & Poor’s provide independent rating opinions on the credit worthiness of public agencies and private organizations. These ratings are established to provide investors with information prior to the purchase of bonds from these public and private entities. The Delaware Transportation Authority (DTA) is the legal and financial authority under which the Department of Transportation issues its debt.

“We greatly appreciate the recognition of the Department’s strong financial and operational management particularly throughout the pandemic,” said Secretary of Transportation Nicole Majeski. “We will continue to work diligently to be good stewards of taxpayer dollars and use these savings to further invest in our state’s transportation system. The excellent work done by our finance team, led by Lanie Clymer, ensures our financial standing remains strong as we support the largest capital program in the Department’s history.”

DelDOT’s current Capital Transportation Program will invest more than $4.5 billion in infrastructure maintenance and projects over the next six years.

“Moody’s reaffirmation of the State’s Triple A rating recognizes continuing efforts of our Governor and General Assembly to build upon the sound fiscal practices that have served our State so well,” said Secretary of Finance Rick Geisenberger.  “Ultimately, these efforts benefit all citizens and taxpayers by providing the State with access to the lowest possible cost of capital.”

Kurt Foreman

PRESIDENT & CEO

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The Royale Group speciality chemical companies Delaware

Royale Group Expanding to 2nd Delaware Site

Royale Group Expanding to Second Delaware Location

Company adding Royale Pigments & Chemicals site in Seaford to AWSM Solutions Delaware site in Bear, doubling its Delaware presence in just two years.


(WILMINGTON, Del.) – Royale Pigments & Chemicals, part of The Royale Group collection of specialty chemical companies, has chosen Seaford, Delaware, as the site for a $2.35 million expansion that will double The Royale Group’s Delaware presence since it relocated from New Jersey two years ago.

Royale’s investment in Sussex County includes purchase of the former BASF Polymer Plant at 100 Industrial Park Boulevard that is now owned by Delmarva Central Railroad. DCR operates a transloading facility at the on-site rail spur located there, but the building itself is underutilized with no active operations at present.

“The chemical industry has long been part of Delaware’s economy. Over the next three years, The Royale Group plans to purchase an underutilized site in Seaford, bringing new jobs and economic growth to Sussex County,” said Governor John Carney. “This will be Royale’s second facility in the state, showing their commitment to growing their business here. This campus is only possible because of Delaware’s world-class innovative workforce. Thank you to The Royale Group, the town of Seaford, the Delaware Prosperity Partnership and everyone else who made this acquisition possible.”

In 2020, Delaware Prosperity Partnership began working with The Royale Group as it made its first investment in Delaware by acquiring IMS Chemblend and the IMS facility at 400 Carson Drive in Bear, changing the operation’s name to AWSM Solutions Delaware and relocating Royale’s corporate headquarters from New Jersey to the New Castle County property. The company’s $1 million investment included adding 17 new jobs, and AWSM already has surpassed its job-growth projections with 30 active employees.

While continuing to invest and grow its Northern Delaware operations, Royale’s expansion to a second Delaware location with on-site rail access will allow it to better serve a growing roster of customers and secure new contracts with leading companies throughout the region. Royale’s Southern Delaware investment includes creating 29 new jobs – including chemical operator, maintenance/warehouse and manager/supervisor positions – over the next three years. 

Royale officials presented an application to Delaware’s Council on Development Finance for a Jobs Performance Grant of $177,930 and a Capital Expenditure Grant of $70,500 from the Delaware Strategic Fund to support the company’s investment of more than $2.35 million. Distribution of grants from the Delaware Strategic Fund are dependent on the company meeting commitments as outlined to the CDF, which reviewed and approved Royale’s request for up to $248,430 in total grant funding.

 “We are very excited to welcome Royale Pigments & Chemicals to Seaford, Delaware,” said Seaford Mayor David Genshaw. “Our city has seen an incredible wave of revitalization with the help of Delaware Prosperity Partnership, and we are grateful for their support and for Royale Pigments & Chemicals for choosing Seaford.” 

The Royale Group was drawn to establish operations in Delaware by the state’s educated workforce, lower cost of living and business-friendly government. Royale has quickly become an important part of Delaware’s chemical manufacturing and distribution sector, and its decision to invest in a second Delaware facility demonstrates its continued commitment to growing here.

“Delaware has been a great place to do business! There are many valuable resources to help start or move a business to the state,” said Royale Group CEO John Logue. “These resources range from the Delaware Prosperity Partnership to a dedicated and assigned omnibus person from the Delaware Department of Natural Resources and Environmental Control, providing assistance with Delaware’s regulatory agency. We are excited with the expansion of our manufacturing operation in Delaware.”

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 About Delaware Prosperity Partnership

Delaware Prosperity Partnership (choosedelaware.com) leads Delaware’s economic development efforts to attract, grow and retain businesses; to build a stronger entrepreneurial and innovation ecosystem; and to support  employers in place marketing Delaware to potential employees via livelovedelaware.com. The DPP team works with site selectors, executives and developers focused on where to locate or grow a business and helps with reviewing potential sites, cost-of-living analyses and funding opportunities, including available tax credits and incentives. DPP advances a culture of innovation in Delaware, working with innovators and startups to spotlight and celebrate successes and connect them with the resources they need to succeed. DPP and its partnerships throughout Delaware support and advance the missions of companies of all sizes and sectors.

 About The Royale Group

The Royale Group, recipient of the 2019 National Association of Chemical Distributors’ prestigious Distributor of the Year award, is a collection of specialty chemical companies that manufactures, formulates and distributes chemicals. Specifically, Royale Pigments & Chemicals distributes specialty colorants into the paint, coatings and fire retardants markets. Shorechem distributes and manufactures specialty chemicals into the pharma, metals, aerospace and automotive markets. AWSM Industries distributes and manufactures specialty chemicals into the chip fabrication, automotive and gas markets. Most recently acquired in 2020, AWSM Solutions toll manufactures, blends, formulates, breaks bulk packages and provides labels for products in the following markets: organic agrochem, pharma, electronics, cleaners, aerospace, marine and construction.

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WuXi STA pharmaceutical manufacturing site Delaware

WuXi STA Breaks Ground on Delaware Site

WuXi STA Breaks Ground for New Pharmaceutical Manufacturing Facility in Middletown, Delaware

16 AUGUST, 2022 | WuXi News

WuXi STA new pharmaceutical manufacturing facility in Delaware

MIDDLETOWN, Delaware, August 16, 2022 – WuXi STA, a leading Contract Research, Development, and Manufacturing Organization (CRDMO), is pleased to announce the groundbreaking for its new 190-acre pharmaceutical manufacturing campus in Middletown, Delaware. First announced in June 2021, this site will be WuXi STA’s second facility in the United States, offering expanded capacity and greater flexibility to meet the needs of customers in the U.S. and around the world.

The WuXi STA Middletown site is located in the Middletown Business Center at 1091 Industrial Drive, and the new state-of-the-art facility will create approximately 500 full-time jobs by 2026. Phase I of the new campus will provide formulation development, clinical and commercial drug product manufacturing services for a variety of oral and injectable dosage forms, as well as packaging, labeling, storage and distribution services for clinical trial materials and commercial drug products.

WuXi STA has 12 sites across the U.S., Europe and Asia that offer a range of services and meet or exceed all regulatory standards. Together with three other drug product manufacturing sites in Couvet (Switzerland), Wuxi City (China) and Shanghai (China), this new facility will further enhance the company’s global drug production capacity and capabilities. 

World Leader in Pharmaceutical Manufacturing and Research

“The biopharmaceutical industry is part of Delaware’s DNA,” said Delaware Governor John Carney. “Over the next five years, WuXi STA plans to build a state-of-the-art pharmaceutical manufacturing campus in one of Delaware’s fastest-growing communities, bringing with it good jobs and economic growth. This campus is only possible because of Delaware’s world-class, innovative workforce. Thank you to WuXi STA, Middletown Mayor Kenny Branner and everyone who made this project possible.”

“The First State continues to be a first-rate destination for businesses looking to innovate and grow,” said Senator Tom Carper. “This investment by WuXi STA helps position Delaware as a continued global leader in biopharmaceuticals, further cementing the manufacturing might of one of our fastest growing communities. Delaware’s workforce is ready to help build the future of our life-saving pharmaceuticals. This state-of-the-art campus will create good jobs and help fortify our supply chains here at home.”

“This biopharmaceutical facility is one most significant private sector investment ever in the Middletown region,” said Senator Chris Coons. “I am excited about WuXi STA’s decision to choose Middletown for one of their new manufacturing facilities. This isn’t just the largest private-sector investment in Middletown’s history – it’s a defining moment that will bring many more good-paying jobs to Delaware and will further cement the First State as a world leader in biopharmaceutical research and manufacturing. Thanks are due to everyone from Middletown to Dover to Washington who helped us get to this point, whether by making continued investments in NIIMBL, improving our education system from kindergarten to our universities, or ensuring that Delaware workers have the skills manufacturers like WuXi AppTec are looking for.”

“As the First State, Delaware has always had a spirit of innovation – constantly seeking new opportunities and ventures that will strengthen our economy and our state as a whole,” said Rep. Lisa Blunt Rochester. “Today’s groundbreaking of the WuXi STA pharmaceutical manufacturing plant represents another step in that spirit of innovation – bringing good-paying jobs to Middletown and strengthening communities throughout Delaware. The state-of-the-art facility will bring 500 full-time jobs over the next several years, growing our state’s workforce and allowing us to manufacture more goods domestically – enhancing our economic competitiveness on the global stage.”

“We are truly looking forward to our partnership with WuXi STA, as the groundbreaking today marks the kick-off to them making their new home in Middletown, Delaware. WuXi STA will be joining our bustling industrial area, just steps away from Clarios, Datwyler, Amazon and Breakthru Beverage, just some of the companies that have invested in Middletown. When asked by WuXi STA about our business-friendly attitude, these businesses expressed their wholehearted support for how we do business and we couldn’t be more excited about WuXi STA wanting to join them, and the Town of Middletown, in our journey together,” said Middletown Mayor Ken Branner. Branner added he was thankful for the support of Gov. John Carney and the Delaware Prosperity Partnership.

“I would like to thank our federal, state and local partners in Delaware for their continued support in the establishment of this site,” said Dr. Minzhang Chen, co-CEO of WuXi AppTec and CEO of WuXi STA. “WuXi STA continues to increase our capabilities and capacities to better serve our customers through a more robust and reliable supply chain. With our integrated Contract Research, Development, and Manufacturing Organization (CRDMO) platform and proven quality system, we look forward to working with our customers to swiftly deliver their innovative therapies to market in order to save lives and improve healthcare for patients.”

The WuXi STA Middletown facility is expected to begin operations in 2025.

About WuXi STA

WuXi STA (stapharma.com), a subsidiary of WuXi AppTec (wuxiapptec.com), is a leading pharmaceutical development and manufacturing capability and technology platform company serving the life sciences industry, with global operations. As a premier Contract Research, Development, and Manufacturing Organization (CRDMO), WuXi STA offers its worldwide partners efficient, flexible and high-quality solutions for integrated chemical, manufacturing and controls (CMC) from preclinical to commercial uses, including the development and manufacturing of small molecule, oligonucleotide, peptide and various complex chemical conjugate. For more information, please visit: http://www.STApharma.com

About WuXi AppTec

As a global company with operations across Asia, Europe, and North America, WuXi AppTec provides a broad portfolio of R&D and manufacturing services that enable the global pharmaceutical and healthcare industry to advance discoveries and deliver groundbreaking treatments to patients. Through its unique business models, WuXi AppTec’s integrated, end-to-end services include chemistry drug CRDMO (Contract Research, Development and Manufacturing Organization), biology discovery, preclinical testing and clinical research services, cell and gene therapies CTDMO (Contract Testing, Development and Manufacturing Organization), helping customers improve the productivity of advancing healthcare products through cost-effective and efficient solutions. WuXi AppTec received AA ESG rating from MSCI in 2021 and its open-access platform is enabling more than 5,850 collaborators from over 30 countries to improve the health of those in need – and to realize the vision that “every drug can be made and every disease can be treated.” Please visit: http://www.wuxiapptec.com

Media Contact:

Davy Wu

mediainquiries@wuxiapptec.com

This article was originally posted at https://www.wuxiapptec.com/news/wuxi-news/5174.

Kurt Foreman

PRESIDENT & CEO

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Dual Language Immersion Initiative Enters Next Phase

Dual Language Immersion Initiative Enters Next Phase

Delawareans with longish memories can think back a decade and remember the launch of the Dual Language Immersion Program. Close to 100 of those original kindergarteners are arriving this fall at Indian River High School, Caesar Rodney High School, and AI Du Pont High School, where they will start the next phase.

Those students who are ready will take AP Spanish or AP Chinese as freshmen and will then be eligible if they score well on the AP test to take classes at the University of Delaware or Delaware State University where they could be close to already earning a minor in the language by the time they graduate from high school.

The goal of the Dual Language Immersion (DLI) initiative, created by former Gov. Jack Markell, was to ensure the state produces “generations of Delawareans with advanced level language skills to keep Delaware economically competitive and to build stronger, more connected communities across the state,” said Gregory Fulkerson, Education Associate for World Languages and Dual Language Immersion.

Participation has grown over the past decade to more than 8,000 students enrolled at the end of the last school year, with estimates for the 2021-22 school year of 9,800 immersion students across 57 schools, including new kindergarten cohorts in nearly 30 schools.

“We know that immersion education is good for any learner, period, regardless of what their first language is, regardless of whether they already speak a language other than English at home, regardless of their socioeconomic status, regardless of their ability,” said Lynn Fulton, Education Specialist for Dual Language Immersion. “Schools and districts across the state are really paying attention to making sure that their immersion classrooms are no less diverse than the overall diversity of their schools and of their communities.” From a demographic standpoint, Fulton says that DLI student enrollment is diverse — 23% are African-American; 27% are Hispanic or Latino; 22% of from are from low-income households; and 20% speak a language other than English at home as their primary language. In addition, every district’s DLI population includes special education students.

Delaware elementary Dual Language Immersion programs split the day equally into blocks of English-language instruction and instruction in the immersion partner language. While Spanish DLI programs are located across all three counties, the Chinese DLI programs are located in New Castle and Kent counties, Fulton said.

Fulkerson and Fulton said they’re proud of three major accomplishments from the past decade of dual language immersion learning:
1. Student-language proficiency among eighth graders – even with the challenges of the pandemic – hit the expectation that the state set at the beginning of the program for both non-native and native English speakers. Immersion partner language proficiency assessment takes place every year, starting in third grade.
2. Placing a focus on administrator professional learning and in-school support is building internal capacity of participating schools and districts. The state has done that by embedding dual language immersion coaches in districts across the state and building flexible structures that would allow expansion based on demand.
3. Learning in two languages is beginning to be more accepted and Delawareans are beginning to understand the value of learning in two languages. “This is a way to help [students] really get that sense of identity in their first language, their heritage language,” Fulkerson said.

Fulton says that students can be successful if they start a DLI program in either kindergarten or first grade. However, it is too difficult for the student to begin in second grade or beyond because so much foundational language has been developed in the first two years. An exception to this is students who have some background in the language at home or in another state; they may be able to enter Delaware DLI programs at any grade.

Fulton says she’s seen families come in from other states and choose where to live based on the availability of an immersion program at their child’s grade level. This has also happened within Delaware where parents have moved from one district to another and been able to transition their children into an existing immersion program.

Early on, the DLI team took administrators interested in exploring immersion programs on administrator study missions to see how it worked elsewhere. A visit to Wasatch School District in Utah had an impact on a number of Delaware administrators. “The superintendent of the school district told Delaware administrators that he had immersion programs in each of his elementary schools because he wanted to change the culture of his district,” Fulkerson said. “He wanted to create friendships where the students bond between languages and between cultures. He wanted to change the entire culture of his district into being an inviting place for cross-cultural friendships to develop.”

Cape Henlopen and Seaford School Districts have followed the lead of that Utah district by establishing dual language immersion programs in each of their elementary schools, allowing greater access for every student to learn in two languages.

“We know what the research says about the strong cognitive and academic benefits for learners in dual language immersion programs,” Fulkerson said. “But that friendship piece, I think, is such a powerful thing too. That’s really what we’re in this for— to ultimately create that positive inter-cultural, inter-language value between people.”

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