Tag: Business & Financial Services

Encompass Elements to Grow in New Castle

National marketing collateral, fulfillment firm chooses Delaware to consolidate and expand

Charles A. Madden and Kurt Foreman of Delaware Prosperity Partnership with Bill Scannapieco and Gene Pfeiffer of Encompass Elements following the Council on Development Finance meeting on December 9.

Encompass Elements plans to create 31 new jobs and upgrade current New Castle site into new headquarters


December 10, 2024

Pennsylvania-based direct mail and fulfillment services company Encompass Elements has chosen to consolidate and expand operations at a site in New Castle, Delaware, where it has operated for more than 20 years.

Encompass Elements is a Certified Women’s Business Enterprise operating from its current headquarters in Lansdale, Pennsylvania, and its secondary location in Delaware. It manufactures marketing collateral and provides direct mail, product sampling, over-the-counter fulfillment and other services to pharmaceutical, retail, insurance and direct mail clients. For its consolidation and expansion, the company plans to invest $3.2 million in construction fit-out, including site upgrades and installation of new and relocated equipment, at its existing 152,000-square-foot facility at 1500 Johnson Way in New Castle.

“We are excited that Encompass Elements, a longtime Delaware and woman-owned company, will expand here in our state,” said Governor John Carney. “I look forward to seeing Encompass Elements continue to succeed and create good-paying jobs in Delaware.”

For Encompass Elements, which President and Chief Executive Officer Mary Fox Donnelly grew from a small screen-printing company, consolidation of operations is a strategic move supporting growth. The company currently manufactures in both locations and often transports products from one to the other. Consolidating into one site will enable it to reduce expenses, streamline processes, enhance capabilities and offer clients faster turnaround times and more competitive pricing.

Joining the company’s 21 full-time employees already in New Castle will be 22 full-time employees from Pennsylvania and, over the next few years, 31 new positions. Jobs new to Delaware will include lettershop and print machine operators and managers; customer service representatives; executive, management and administrative professionals; and marketing fulfillment and warehouse associates.

“Congratulations to Encompass Elements on its decision to grow in Delaware,” said New Castle County Executive Matt Meyer. “The company has been a valued member of the New Castle County business community for more than 20 years, and we look forward to their expansion and the new job opportunities it will bring to our area.”

Delaware Prosperity Partnership collaborated with Encompass Elements for several years as the company explored its options. On Monday, DPP supported the company’s request to the state Council on Development Finance for a Jobs Performance Grant of up to $188,000 and a Capital Expenditure Grant of up to $64,100 from the Delaware Strategic Fund. Distribution of these grant monies is dependent on the company meeting commitments as outlined to the CDF, which reviewed and approved Encompass Elements’ request for up to $252,100 in total funding.

“We’re excited about the opportunities that consolidating into Delaware brings to the company,” said Encompass Elements Chief Operations Officer Bill Scannapieco. “This move allows us to take advantage of Delaware’s business-friendly environment, helping to strengthen our operations and support our continued growth.”

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About Delaware Prosperity Partnership

Created in 2017, Delaware Prosperity Partnership is the nonprofit public/private organization leading Delaware’s statewide economic development efforts to attract, grow and retain businesses; build a stronger entrepreneurial and innovation ecosystem; and support private employers in identifying, recruiting and developing talent.

About Encompass Elements

Encompass Elements is a full-service marketing solutions company providing fulfillment, digital print, direct mail, inventory and order management. Working across multiple channels and functions, Encompass Elements supports client projects from concept to execution across the categories of integrated direct marketing; fulfillment and distribution; digital technology; and strategy and planning. The company’s mission is to enable clients to manage their marketing campaigns, showcase their brands and increase their sales.

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Free Small Biz Help from JPMorgan Chase

JPMorganChase Program Offering Free Tips and One-on-One Guidance to Small Business Owners

Photo by Jacob Owens/Spotlight Delaware

Complimentary ‘Coaching for Impact’ Service Provides Entrepreneurs with Answers to Commonly Asked Questions


September 26, 2024

Delaware may be the corporate capital of the world, but it’s small business that actually powers the economic engine of the First State.

Ninety-eight percent of businesses in Delaware have fewer than 100 employees. All together, they employ more than 227,000 people, representing 56% of the state’s workforce, according to the Delaware Division of Small Business for Delaware’s small business owners.

Depending on the year, anywhere from 3,000 to 4,000 entrepreneurs open the doors of a new Delaware-based business for the first time. But after countless hours just to get to that point, the next set of challenges – like scaling their company for long-term success – can trigger a whole new set of questions.

It helps to know someone with the answers. And that’s what fledgling entrepreneurs can find through JPMorganChase and its Coaching for Impact program, a complimentary, one-on-one service that connects small business owners with Certified Small Business Consultants.

“Coaching for Impact is a unique program that helps you look at your business from a financial, marketing and operational perspective,” said Nathan McCann, senior business consultant for JPMorganChase. “Ask yourself: When are you ever going to have the opportunity to be mentored by a financial professional? We’re here to help business owners maintain, grow and scale their businesses.”

It’s common for many small business owners to discover that the operational methods they used to start their business may not be the same ones they need to scale it.

That’s where a business advisor or coach can help, identifying areas of improvement or places to access additional financing.

“Growing a business is never easy, no matter what revenue stage your business is currently in,” McCann said. “As a business owner, you should not feel you are in this alone. A coach may help you see your business in ways you may have not thought about.”

The program has helped more than 5,000 businesses grow and will be expanding to 38 cities by the end of this year.

Seeking out expert advice is one way to take a small business to the next level. Other ideas include:

  1. Secure additional financing. Small business owners should consider future financing plans, such as applying for more loans, grants or investor funding. Building a strong relationship with also can help connect small business owners to other resources.
  2. Streamline operations. Digital tools can simplify and automate processes like invoicing, approvals and payments. Real-time payments can make it easier to move money faster, improving cash flow while minimizing the risk of fraud.
  3. Build a team. While many small businesses are solo operations, adding team members can help manage the workload and allow the business to run more smoothly. When hiring, owners should look for employees with industry expertise to help put the business on the path for lasting success.
  4. Expand your network. A good idea isn’t enough – early-stage entrepreneurs need advisors, consultants and experts who have seen it all, or who know someone who has. One way to meet someone like that is by attending trade shows and networking receptions. Making these connections can also help open the business to new customers.

For more tips and resources to help you grow your small business, visit chase.com/business and chase.com/business/coaching-for-impact.

This article was originally published by Spotlight Delaware at https://spotlightdelaware.org/2024/09/26/sponsored-jpmc-small-business/.

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Novo Fintech Firm Chooses to Grow in DE

Forbes Fintech 50 Firm Novo Chooses Delaware as Expansion Site

Florida-based fintech platform for small businesses plans to grow as part of the Wilmington financial services hub


WILMINGTON, Del. – Novo, the powerfully simple financial solutions platform for small businesses that is a two-time member of the Forbes Fintech 50, has chosen to expand in Wilmington, Delaware.

Novo has built a platform for small businesses that combines a checking account with an ecosystem of financial applications — helping small businesses access their revenue faster, save time on business-critical tasks and manage their money anytime on any device. Since launching in 2018, Novo has surpassed $20 billion in small business transactions and was named to the Forbes Fintech 50 list, which highlights “the top private companies that are transforming finance through technology” in both 2022 and 2023.

Novo logo

Novo is headquartered in Miami and recently opened a U.S. location in Wilmington. In Delaware, the company is operating from the Stat International space on Orange Street. Novo has hired a dozen employees since May and will continue to grow the office in the coming years.

“Novo’s decision to expand to Wilmington is great news for the First State,” said Governor John Carney. “We want to be the place companies consider when starting and growing their businesses. Novo’s move to Wilmington shows that our efforts to make Delaware inviting to corporations are working and that the Delaware Prosperity Partnership is making a difference.”

One of Novo’s recently developed offerings is Novo Funding, a fast and flexible way for small businesses to access working capital. Since its launch, Novo Funding has issued more than $70 million in working capital.

Novo’s decision to choose Delaware for its expansion further confirms the state’s status as a hub for financial services and fintech companies. Wilmington and its environs continue to be the site of significant growth for existing businesses in the financial services and fintech sector while also attracting new firms to the area. Companies with recent Delaware expansions include Ally Financial, City National Bank, Goldman Sachs and JPMorgan Chase.

“Small businesses make up more than half of Delaware’s workforce — an incredible testament to the work Delaware has done to make small business creation and growth as accessible as possible,” said Grant Sahag, VP of Operations at Novo. “The Novo team is honored to be a part of Delaware’s thriving small business community.”

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Person using Novo app on phone

About Delaware Prosperity Partnership

Created in 2017, Delaware Prosperity Partnership (choosedelaware.com) is the nonprofit public/private organization that leads Delaware’s statewide economic development efforts to attract, grow and retain businesses; build a stronger entrepreneurial and innovation ecosystem; and support private employers in identifying, recruiting and developing talent.

About Novo

Novo Platform, Inc. (“Novo”) is the powerfully simple financial platform for small businesses. To learn more, visit www.novo.co.

Disclosure

Novo is a fintech, and not a bank. Novo acts as a service provider to Middlesex Federal Savings, F.A., and the deposit and banking products obtained through the Novo platform are provided by Middlesex Federal Savings, F.A. Middlesex Federal Savings, F.A. is a federal savings bank and an FDIC-insured depository institution (FDIC Certificate 28368). Deposits made at Middlesex Federal Savings, F.A. through the Novo platform receive FDIC insurance protection on a pass-through basis up to the applicable legal limit. When determining the amount of your deposits covered by FDIC insurance, please note all deposits you make through the Novo platform will be aggregated with all deposit accounts of the same ownership and/or vesting held at Middlesex Federal Savings, F.A. and Middlesex Federal Savings, F.A. brands. Additional information regarding FDIC insurance coverage is available at www.fdic.gov. Merchant Cash Advance products and services are offered by Novo Funding LLC (“Novo Funding”), a wholly owned subsidiary of Novo. Merchant Cash Advances require a Novo checking account.

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BSDE Call Hub Creating 227 Delaware Jobs

Nonprofit Chooses Wilmington, Delaware, for $2.3M Medical Scheduling Center That Will Create 227 Jobs for Economically Vulnerable Individuals While Helping with Post-Pandemic Staff Shortages

BlindSight Delaware Enterprises plans regional hub to train and employ Delawareans with visual and other disabilities, Delaware veterans and statewide Promise Communities residents in on-site and remote positions


WILMINGTON, Del. – Blindsight Delaware Enterprises (BSDE), a 501(c)(3) nonprofit social business enterprise founded in 2021, has chosen Wilmington, Delaware, as the site for a $2.3 million regional medical scheduling hub that will train and employ more than 225 Delawareans with economic vulnerabilities while helping to alleviate staffing shortages created by the COVID-19 pandemic.

BSDE’s call center will be located in the CSC Station coworking space, which is adjacent to Joseph R. Biden Jr. Railroad Station in downtown Wilmington. It will provide on-site and fully remote jobs to Delawareans with physical and socioeconomic challenges while serving healthcare providers throughout Delaware and beyond and generating revenue to support local social service programming.

“The BlindSight Delaware Enterprises medical scheduling hub will not only create more than 200 good jobs for economically vulnerable Delawareans, but also will help solve a healthcare staffing problem to support services for our state’s blind and visually impaired residents,” said Governor John Carney. “This project builds on Delaware’s strong healthcare foundation and is a great example of how innovative Delaware’s business and nonprofit communities are.”

Blindsight Delaware Enterprises call center

BSDE will hire 227 Delawareans who are blind or visually impaired, have other disabilities, are military veterans and/or live in economically disadvantaged Promise Communities in New Castle, Kent and Sussex counties by the end of 2025. Most of these employees will be full-time medical schedulers, whose duties will include scheduling and confirming appointments, answering questions, providing directions and reminders and resolving problems for patients of Beebe Healthcare and other providers that contract with BSDE.

“We couldn’t be happier to welcome BlindSight Delaware Enterprises to Wilmington,” said Wilmington Mayor Mike Purzycki. “Governments and businesses strive for excellence in customer service every day, and having a locally based scheduling center in Wilmington will not only improve the experience of individuals looking to schedule medical appointments, it will also provide good jobs to hundreds of Delawareans in need of just such an opportunity. The City stands ready to support this effort in any way that we can, and we wish BlindSight Delaware Enterprises much success.”

Nationwide, the demand for medical schedulers has increased dramatically since the COVID-19 pandemic escalated turnover in hospital staffing. BSDE’s call center will help solve this problem in Delaware while also helping to alleviate underemployment among some of the state’s most economically vulnerable populations and generate income to support other social service programming for local residents who are blind or visually impaired.

Delaware Prosperity Partnership has worked with BSDE for several months as the organization has explored programs to enable these plans. Today, DPP supported BSDE’s application to the Council on Development Finance for a Jobs Performance Grant of up to $608,000 from the Delaware Strategic Fund. Distribution of grants from the Delaware Strategic Fund are dependent on the company meeting commitments as outlined to the CDF, which reviewed and approved the organization’s request.

DPP’s Joseph L. Lewis II, Kurt Foreman and Bryan Mack joined BlindSight Enterprises Executive Director and CEO John Baker, center right, for the Delaware Council on Development Finance meeting.

DPP’s Joseph L. Lewis III, Kurt Foreman and Bryan Mack joined BlindSight Enterprises Executive Director and CEO John Baker, center right, for the Delaware Council on Development Finance meeting.

“As a former commercial banker and a 30-year Delaware not-for-profit leader providing direct services to those in need along with employment throughout Delaware, I have been honored to lead this social business enterprise to both employ and serve Delawareans and our high-priority industries, while drawing contracts from Philadelphia, Southern New Jersey, Baltimore and Chicago to make Delaware the call center hub of our region,” said John Baker, BSDE executive director and CEO. “We could not do this without the support and vision of DPP, the CDF and other visionary Delaware leaders.”

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About Delaware Prosperity Partnership

Created in 2017, Delaware Prosperity Partnership (choosedelaware.com) is the nonprofit public/private organization that leads Delaware’s statewide economic development efforts to attract, grow and retain businesses; to build a stronger entrepreneurial and innovation ecosystem; and to support private employers in identifying, recruiting and developing talent.

About BlindSight Delaware Enterprises Inc.

BlindSight Delaware Enterprises Inc. (bsdenterprises.org) is a nonprofit joint venture established in 2021 by BlindSight Delaware (formerly the Delaware Association for the Blind) and The Chicago Lighthouse, two social service agencies supporting the blind and visually impaired in Delaware and Illinois respectively. BSDE’s mission is to empower Delawareans who are blind, visually impaired, disabled or veterans by providing employment opportunities that enhance quality of life and support independent living. BSDE was created to provide training and employment opportunities for mission-related individuals in Delaware. BSDE operates as a social enterprise, and the revenue it generates supports social programs of the founding organizations.

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