Tag: New Castle County

Delaware's Best Egg grows

Best Egg Experienced Record Growth in 2021

Best Egg Experienced Record Growth in 2021

Delaware's Best Egg grows

Best Egg Launches Multi-Product Platform to Help Consumers With Their Everyday Finances


Best Egg, the AI-powered, online financial platform that is owned and operated by Marlette Holdings, Inc, and its subsidiaries is pleased to share information on the success it achieved in 2021. The platform experienced a record year facilitating 437,000 new accounts and surpassing over 1.2 million total accounts since inception.

“Last year, Best Egg experienced tremendous success,” Jeffrey Meiler, CEO and founder of Marlette funding said. “In 2021 the Best Egg platform facilitated $4.6 billion in personal loans, bringing us to over $15 billion in loans since the platform launched in 2014.”

In addition to a record-breaking year for personal loans, Best Egg introduced two new products in 2021. In June, Best Egg began piloting a new Visa® credit card, offering a value proposition that provides spending controls and features that will grow and evolve as customers rebuild their credit. To date, 19,000 consumers carry the Best Egg credit card with confidence.

In December, the platform announced the launch of the Best Egg Financial Health. Free to all, Best Egg Financial Health customers initially get access to features like their VantageScore® credit score with monthly updates, credit report alerts, credit score factor explanations, a credit score simulator, financial calculators, and a Knowledge Center full of tips and ideas to help people with their finances. Since its inception, the financial health platform has welcomed more than 100,000 members.

To celebrate the launch of the Best Egg Financial Health platform, Best Egg announced the ongoing Better Credit Sweepstakes, which started on January 1 and runs through January 31 of this year. The winner of the sweepstakes will receive $25,000 to help them get their finances on track for 2022.

“Our growth has been achieved thanks to the experts and professionals who contribute their talents to our mission to build financial confidence for people who experience challenges with their everyday finances,” Meiler continued. “Marlette has been recognized numerous times as a Top Workplace within the region, a reputation that has attracted top talent. Last year we hired more than 200 employees and plan to add 350 in 2022. Our teams’ efforts place us on a path for continued and sustained growth within the next year.”

Marlette doubled the size of its team to over 400 professionals while opening a new headquarters in Wilmington, Delaware. The headquarters’ infrastructure was built to provide a pandemic-friendly workspace. The company embraces a flexible approach to the workplace, offering employees the option of using the office or working remotely. Jobs open now can be found at www.bestegg.com/careers.  

With a focus on helping consumers feel more financially confident and providing simple products that help them with the challenges they face with everyday finances. This will be achieved by continuing to use customer feedback to create value and deepen its customer base across all products, while also expanding the pool of customers it serves.

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About Marlette Holdings, Inc

Marlette Holdings, LLC, d/b/a Best Egg, is a leading financial technology provider whose subsidiaries developed and operate the AI-powered Best Egg financial platform, which aims to help people feel more confident about their everyday finances. The team mixes decades of banking experience with deep customer knowledge and smart technology to deliver digital products, services and experiences in a more relevant way. Since March 2014, the platform has delivered over $15 billion of consumer loans with strong credit performance. For more information, visit www.MarletteFunding.com or www.BestEgg.com.

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tapp network digital agency in delaware

Tapp Network Helps Organizations Stay Relevant Through Digital Resiliency

Tapp Network Helps Organizations Catch Up, Stay Relevant Through Digital Resiliency

delaware digital agency tapp network

One of the world’s leading digital-marketing transformation agencies calls Delaware home. Tapp Network develops innovative digital tools and campaigns for some of the world’s leading corporations and then transfers that knowledge to local nonprofits and state agencies to make the world a better place.

“Tapp stands at the intersection of technology, purpose and passion,” says Tapp Network co-founder Joe DiGiovanni, who opened the agency in 2013 with developer Kyle Barkins to fill the void in Delaware for a full-service mar-tech agency while serving their international clients. 

Wilmington-based Tapp, which works out of CSC Station adjacent to the city’s Amtrak station and The Mill, is gaining a lot of traction in its home state. DiGiovanni, who graduated from the University of Delaware in 1989 with a degree in biology, says he and Barkins love the work environment in Wilmington and are eager to give back to the community. 

“Kyle and I originally came together to build a website for one local client, Tech Impact, and then launched Zip Code Wilmington’s website,” DiGiovanni says. “We were then invited to be the keynote speakers at all three Nonprofit Tech Week events in California – including one at Microsoft’s headquarters. Hundreds of nonprofit attendees swarmed us seeking help. Their websites weren’t mobile responsive and lacked the modern tools and technology necessary for digital fundraising, e-commerce, and communications. That’s when we realized there was a huge opportunity in the social sector.”

Flash forward to the current COVID universe, where corporations, government agencies, and nonprofits are all playing catch-up to instill the digital resiliency needed to remain relevant and competitive.

“That’s where our strengths are,” DiGiovanni says. 

Tapp is helping position Wilmington as a digital infrastructure hub. From clean energy to electric vehicles and from AI to fintech, workforce development and healthcare, Tapp is attracting top talent to Delaware to serve their clients representing some of the world’s fastest-growing corporations and economic sectors. Denso-Japan, Microsoft, Iteris, Hubspot, Athena-Healthcare, Nonstop Wellness, CSC Global, Solomon Energy, Juice Bar EV Charging Stations and Google are just a few of the international companies seeking Tapp’s software development expertise and digital marketing services.

Tapp also leads the global digital infrastructure wave in the nonprofit sector. Tapp recently formed an exclusive alliance with Tech Soup Global, a nonprofit international network of non-governmental organizations serving 80% of all nonprofits worldwide. Tech Soup Global provides technical support and technological tools to other nonprofits, working with 1 million nonprofits in 200 countries.

“First, they were a client,” DiGiovanni says. “Now, we’re the exclusive provider to all of their clients worldwide for website development and digital communication services. If you go to TechSoup and you need software, boom, that’s Microsoft. If you need a website built, we’re the ones that do that, white labeled through Tech Soup, Tapp services more than 200 new clients a year just from that partnership alone.” 

Tapp also works with Tech Soup’s Digital Resiliency Fund, where large corporations like Truist and Google give million-dollar grants to help smaller nonprofits become digitally resilient. “We’ve built the platform process and program to help organizations identify and resolve their needs,” DiGiovanni says.  

On the civil sector side, TAPP collaborates with government agencies on their digital infrastructure and communications needs. “We’re looking to take the Digital Resiliency Program we built for Tech Soup and offer it here in Delaware, not just for nonprofits but for small and minority-owned businesses,” DiGiovanni says. “I think it could be transformational for the state.” 

As an approved state vendor for digital communications, Tapp is preparing to roll out two big marketing campaigns for the Delaware Division of Public Health and the Department of Education’s Pathways program that represent a whole-new omnichannel approach to communications within the state.

“Many states – outside Delaware – historically rely on traditional banner ads, billboards, and social media, often in silos” DiGiovanni says. “We’re bringing artificial intelligence, personalization and data-driven communications to the table to connect the dots and drive measurable impact and positive behavior change. Other states are reaching out as well. Tapp is actively involved in launching a 2.0 version of United Way’s 211 system for the state of Pennsylvania and a learning management system for the State of California and partnering with Microsoft on a COVID-screening platform for students and teachers for the State of New Jersey. Locally, Tapp leads and manages the Its Time Wilmington and Wilm Today tourism campaign, which reached over two billion people in 2021.”

Tapp also was a big part of the state’s census efforts, which were hampered in many states by COVID.

“We were fortunate enough to put the digital tools in place before COVID hit, and that really is what saved it,” DiGiovanni says. “If you look at a lot of nonprofits and the funding that’s going into a lot of these grants around digital resiliency, nonprofits and government agencies need the capacity to communicate digitally, whether it’s fundraising online, email marketing or anything social. We didn’t know COVID was coming, of course, but establishing the digital infrastructure for the census really helped all the communications. If the public-private-social institutions aren’t tied together digitally, things will fall apart. So that’s what helped that work. Lieutenant Governor Bethany Hall-Long had the foresight to support us in putting those platforms in place, and it paid off.”

The COVID pandemic has changed Tapp’s approach both internally and with clients.

“I think the ability to collaborate virtually is one of the biggest differences – it helped transform the way we operate as a company,” DiGiovanni says. “A lot of our corporate clients have had to change their business models to focus more on marketing, sales and revenue operations. For nonprofits, it’s the fundraising, virtual events and collaboration tools. How do you communicate with your communities digitally? I think COVID really forced what needed to happen anyway, at least in the nonprofit space.”

For many business owners, there’s what you do and then what gives you joy. For DiGiovanni, the joy comes when people tap into their passion and purpose. “It’s when a client sees the light, when they can do what they’ve always dreamed,” he says. “It’s transferring the innovation from our large business-sector clients to the nonprofit and government sectors that really make us happy. Because if you’re an executive director of a startup nonprofit and it’s just one person, you can completely transform what they’re doing overnight.” 

If he had “a pebble in his shoe” about his work, DiGiovanni would say it was the “bureaucracy and red tape nationally from a government standpoint, in terms of thinking outside the box and being creative.”

His suggestion? Be more like Delaware.

“I think that government agencies really need to embrace digital infrastructure and transformation,” he says. “It’s exciting to see Delaware is ahead of the curve and is trying to get that message across.”

Joe DiGiovanni, Tapp Network


Joe DiGiovanni traveled an interesting path to becoming the co-founder of one of the world’s leading digital-transformation agencies. Following his graduation from the University of Delaware in 1989 with a degree in biology, Joe briefly worked in research and development before moving on to marketing medical equipment to hospitals, becoming one of the early users of digital communications and search optimization.

delaware digital agency tapp network

What’s your personal elevator speech?

I lead a balanced life. I’m a yoga instructor. I founded the Nicaragua Yoga Institute. I just started playing pickle ball. It’s important to do what you’re passionate about. And if you can enable people that work for you to have that same freedom to grow, you’ll make work and the world a better place.

What’s the question you wish more people would ask themselves?

What is my intention? If you ask that when you make decisions, you can choose the right path and pivot along the way.

You have one giant billboard. Where do you put it and what does it say?

I would put it in Times Square, and it would say, “Be Grateful.”

Best piece of advice you’ve ever gotten?

It was from my neighbor, who was a film professor at UD, quoting Steven King: “Write with the door closed. Rewrite with the door open.”

What advice would you give your younger self today?

My daughter is 24, and the advice I’m giving her is to continue to educate yourself. It’s not just about what college you went to. Sometimes that’s one of the last things we look at when we interview people. It’s really about their experience and ability to teach yourself, especially now that there are so many tools to do it online. There are so many opportunities now that weren’t around when we were younger. People can start their own businesses, consult, work for companies and set their own course.

Name a couple of books that have inspired you, that you recommend to others or that you gift.

I just got a copy of “The Boy, the Mole, the Fox and the Horse” by Charlie Mackesy. It’s a quick 30-minute read and will be my holiday gift for everyone in my family. “Zen and the Art of Motorcycle Maintenance” really helped me learn to focus on detail. “Writing to the Bones” by Natalie Goldberg helped me think about creative writing and opening up the creative side of my mind. I’ve been reading a lot of Ryan Holliday, particularly the “Daily Stoic,” and Robert Greene’s “Mastery” is a good book for business and personal growth.

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DPP wins Business Facilities Impact Award 2021

WuXi STA Project Earns Delaware a Business Facilities Impact Award in the Biosciences Sector

Delaware Prosperity Partnership’s WuXi STA Project Earns Delaware a Business Facilities Impact Award in the Biosciences Sector

DPP wins Business Facilities Impact Award 2021

Wilmington, Del. — Delaware and its public-private economic development group, Delaware Prosperity Partnership (DPP) were recognized with a Business Facilities 2021 Impact Award in the Biosciences category for successfully attracting WuXi STA – a leading global Contract Development and Manufacturing Organization (CDMO) – to build a new pharmaceutical manufacturing campus in Middletown, Delaware. This $510M investment aims to add nearly 500 jobs to Delaware’s booming biotech industry in the next few years. WuXi STA offers efficient, flexible, and high-quality integrated solutions for development and manufacture of small molecule Active Pharmaceutical Ingredients and pharmaceutical drug product to support preclinical-to-commercial uses for its worldwide customers. The Middletown facility is WuXi STA’s first East Coast pharmaceutical clinical and commercial manufacturing complex.

This recognition reflects Delaware’s long-standing strength and capacity in the biosciences sector. The number of life sciences operations in Delaware has grown significantly in the past decade — most notably in the biotechnology R&D subindustry with an increase of 65% — and the state now ranks 7th nationally for life sciences venture capital funding per capita.

A powerful economic driver in Delaware, the life sciences sector employs approximately 11,000 people and directly generates $2 billion in GDP (both 2.5% of total state employment and GDP) along with payrolls of at least $230 million.

DPP, Delaware’s nonprofit public-private economic development resource, partnered with a host of stakeholders throughout Delaware including the Town of Middletown, the Delaware Division of Small Business, New Castle County, Select Greater Philadelphia, and others to support WuXi STA’s choice of Delaware for its site. Hiring has already begun for the project, adding its nearly 500 full-time jobs to Delaware’s world-class innovative workforce by 2026 and eventually expanding to more than 1,000 employees.

The 190-acre site will feature space for testing laboratories, manufacture of active pharmaceutical ingredients and manufacture and packaging of solid dosage pharmaceutical and sterile products.

“Now in its fourth year of operation, the DPP team is proving that the public-private economic development model works well to leverage Delaware’s distinctive capacity to collaborate,” said Corporation Service Company President Rod Ward III, who, along with Delaware Governor John Carney, co-chairs the DPP Board of Directors.

About Business Facilities

The leading source for corporate site selectors and economic development professionals for more than 50 years, highlights economic development and site selection news from around the world. 2021 Deal of the Year judges were Howard Silverman, President and CEO, The CAI Global Group; Philip Anderson, President and CEO, P.W. Anderson & Partners; David Hickey, Managing Director, Hickey & Associates; Angelos Angelou, President of Angelou Economics.

About WuXi STA

WuXi STA, a subsidiary of WuXi AppTec, is a leading pharmaceutical development and manufacturing capability and technology platform company serving the life sciences industry, with global operations. As a premier contract development and manufacturing organization (CDMO), WuXi STA offers its worldwide partners efficient, flexible, and high-quality solutions for integrated chemical, manufacturing and control (CMC) from preclinical to commercial uses.

About Delaware Prosperity Partnership

Delaware Prosperity Partnership leads Delaware’s 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. 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. 

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MRA Group in Wilmington DE

MRA Group Signs Lease at Chestnut Run

MRA Group Signs First Long-Term Lease at Chestnut Run Innovation & Science Park in Wilmington, Delaware

MRA Group in Wilmington DE

December 23, 2021 –

WILMINGTON, Del. – MRA Group (MRA)  announced that on November 30, 2021, it signed the first long-term lease for research and laboratory facilities at Chestnut Run Innovation & Science Park (CRISP), MRA’s recently announced life science and manufacturing campus in Wilmington, DE.

Prelude Therapeutics Incorporated (Prelude Therapeutics)  is the first major tenant at CRISP, aside from DuPont who is currently leasing approximately 190,000 square feet of space on the campus. However, according to Mike Wojewodka, MRA Group Executive Vice President and Partner, “Activity has been brisk, with a significant pipeline of prospects looking at the various options on the campus.”

“MRA’s acquisition of a significant portion of the Chestnut Run property is great news for Delaware and the state’s role in an ever-expanding life sciences sector,” said Kurt Foreman, President & CEO of Delaware Prosperity Partnership. “We can think of no better location for an innovation park than the place that includes the DuPont Company’s global headquarters. DuPont began Delaware’s tradition in breakthrough innovation and now with MRA’s acquisition that tradition will continue raising the bar for transformative developments created through scientific research.”

“Since our founding in 2016, Prelude Therapeutics has proudly contributed to the growth of an evolving biotech hub in the Wilmington area,” said Kris Vaddi, PhD, Chief Executive Officer. “We believe our planned state-of-the-art office and lab space, and centrality to a life sciences campus, will enable us to continue attracting top-tier, diverse talent to our exceptional team. We look forward to establishing our new headquarters in Chestnut Run as we continue to advance our pipeline of potentially transformative medicines for people living with underserved cancers. We thank the State of Delaware for its ongoing investment in building an entrepreneurial and connected business community.”

“This is great news,” stated Delaware BioScience Association President Michael Fleming. “Prelude Therapeutics’ decision to make their new long-term home at CRISP underlines the significant momentum and opportunity in the Delaware life sciences sector. Prelude’s new, expanded presence in that exciting site will undoubtedly be a magnet for more innovative science companies there and in other great locations, our state offers. Most importantly, we should remember this significant investment and the new jobs it has the potential to create is all focused on the hard but noble work of developing breakthrough therapies for patients with some of the most difficult and deadly cancers, and for that we should be grateful. We look forward to continuing to partner with the MRA Group to ensure CRISP flourishes as a thriving hub of scientific investment.”

“This is how we win the future,” said New Castle County Executive Matt Meyer. “A homegrown, innovative advanced sciences startup is choosing to stay home, thanks to the investment of MRA Group and the collaborative efforts of state and county governments and the Delaware Prosperity Partnership.

“The construction of Prelude Therapeutics’ new headquarters is included in the initial phase of MRA’s $500M redevelopment plans for the campus. Other plans include creating additional R&D laboratories, and advanced manufacturing space, as well as campus amenities such as a hotel, a fitness center, conference space, an outdoor amphitheater, and accommodations for food services including restaurants and eateries. More information regarding CRISP can be found on the campus website at www.crisp-campus.net.

Kurt Foreman

PRESIDENT & CEO

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digital fintech company ICM Delaware

ICM Chooses Wilmington for New Headquarters

Investor Cash Management Chooses Wilmington, Delaware, for New Headquarters

 

digital fintech company ICM Delaware

December 14, 2021 – 

Early-Stage Digital Fintech Company to Invest $15 Million to Create 395 Jobs as Part of Delaware’s Growing Fintech Hub Over Next Several Years


WILMINGTON, Del. — Following a considerable site search that included major markets across the United States, the early-stage digital fintech company Investor Cash Management (ICM) has selected Wilmington, Delaware, as the site of its new $15.37 million headquarters and customer service center. The company, which started in 2018 and currently employs 30, plans to grow its workforce tenfold, projecting the creation of 395 new jobs over the next three years.

A platform as a service (PaaS) provider in the fintech space, ICM uses an application programming interface – or API-driven technology – to link cash management accounts directly to specified investments, transforming investment products such as mutual funds, exchange-traded funds and/or shares into digital transaction currencies. The technology combines banking, investing and payments to drive client acquisition and increase assets.

The company plans to invest up to $15 million in its future headquarters and customer service center in the City of Wilmington. The jobs ICM will create in Delaware over the next three years will include tech positions, such as coders and programmers, along with sales, marketing, customer service, administrative, finance and managerial positions. Delaware Prosperity Partnership began working with ICM earlier this year on its site selection process.

“We are pleased to welcome ICM as it expands its operations and creates new jobs here in Delaware,” said Governor John Carney. “Delaware has a long legacy of excellence in the financial services industry, and we remain committed to fostering an innovation ecosystem for businesses of all sizes. Our location in the heart of the Mid-Atlantic region, strong workforce and quality of life make Delaware a great place for companies to put down roots and create jobs.”  

ICM founder and CEO Fred Phillips presented to Delaware’s Council on Development Finance, requesting a performance-based grant of $3,797,310 and a capital expenditure grant of $461,100 from the Delaware Strategic Fund. Distribution of grants from the Delaware Strategic Fund are dependent on the company achieving goals as outlined in their proposal to the CDF, which reviewed and approved the request.

“We are thrilled to welcome Investor Cash Management and its growing workforce to our Downtown District – the beating heart of Wilmington – where you can dine in first-rate restaurants such as James Beard nominee Bardea, visit fine museums and galleries, enjoy live music most any night of the week or live theater that rivals the best Broadway has to offer,” said Wilmington Mayor Mike Purzycki. “By locating its operations in Wilmington, a market with one of the highest concentrations of financial services jobs in the country, ICM joins a community of new and existing financial technology firms that are developing innovative banking products. And as a key tenant in our thriving central business district, ICM will operate among a variety of other well-established businesses, both large and small, as well as an increasing number of residents who are choosing to live downtown and take advantage of all the rich amenities Wilmington has to offer visitors and residents alike.” 

ICM is a Visa Ventures company, backed by marquee players in both the digital and financial services sectors, including the founders of Morningstar and Ariel Investments. The company also has partnered with PIMCO, Invesco, Trusted Capital Group/HUB Financial, WisdomTree and others to market their investor cash management account products and services.

Locally, the fintech firm announced in September a partnership with Delaware State University, which offers its cash management account products and services to students, faculty, staff and alumni. DSU leadership hopes to improve financial literacy among its students and improve the economic trajectory of traditionally un- or under-banked minority communities. Additional community involvement includes partnerships with the National Education Association, representing more than 3 million educators, and the Service Employees International Union, representing more than 2 million frontline workers.

Phillips commented: “After an extensive search, ICM is pleased and proud to announce that Wilmington, Delaware, is the home of our new corporate headquarters. We look forward to building on its foundation as a world-class center of payments and financial services, and we believe the appeal of the city and state will contribute to our ability to attract new colleagues and create a significant number of quality jobs while developing next-generation technologies that empower individuals to build better financial futures.”

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About Delaware Prosperity Partnership

Delaware Prosperity Partnership leads Delaware’s 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. 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 Investor Cash Management

ICM is a Visa Ventures portfolio company that has developed unique, API-powered technology to create investor cash management accounts (ICMAs) linked concurrently to both bank accounts and specified investment products (e.g., mutual funds, ETFs, and/or shares), thereby enabling the client to obtain an objectively better combination of higher investment returns and immediate liquidity.  ICMAs transform the specified investment products into immediately liquid digital transaction currencies to seamlessly use via a debit card, ATM access, P2P transfers, and online bill pay. ICM has been listed among the world’s 10 leading fintech companies by Capgemini and UBS, and ICM was the featured fintech company at the Morningstar and Envestnet conferences.

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B&M Philly Steaks new food production facility

New B&M Meats Chooses Delaware for $18M Food Production Facility

New B&M Meats Chooses Delaware as Home for Expanded Production, Diversified Product Offerings

B&M Philly Steaks new food production facility

Will Add 80,000 Square Foot Production Facility and 190 New Food Production Jobs and Help Rejuvenate Wilmington’s Seventh Street Peninsula


WILMINGTON, Del. — New B&M Meats Inc., a leading manufacturer of raw sandwich steaks and chicken steaks in the Northeast United States, is expanding in the City of Wilmington and will invest more than $18 million in the construction of a new 80,000 square-foot food production facility and add 190 new jobs to the city’s food production industry sector over the next several years.

Delaware Prosperity Partnership – Delaware’s nonprofit public-private economic development organization – and Wilmington’s Office of Economic Development began working with New B&M Meats in 2020 to help the company evaluate scenarios for combining operations in the region to achieve its expansion goals.

New B&M Meats presented before the state Council for Development Finance today to request grant funding from the Delaware Strategic Fund. Approval for the grants by the Council helped solidify the company’s decision to grow its Delaware presence through expansion of its current Wilmington location and construction of a new food production facility nearby.

“I want to thank B&M Meats for their commitment to our state and choosing to expand their production in the City of Wilmington,” said Governor John Carney. “These new jobs will support Delaware workers and their families. This announcement once again proves that Delaware is a great place for companies to grow.”

New B&M Meats currently employs 98 people in Wilmington. The company will use a Performance Grant of $195,975 to add 70 jobs to support organic growth at its existing Commerce Street location. The new facility will be completed along East Seventh Street on three parcels of land totaling 10 acres with support from a Capital Expenditure Grant of $555,300. A second Performance Grant of $359,450 will help the company add another 120 jobs at the new site to support increased production capacity, diversified product offerings and operational expansion through entry into new markets. The company plans to start construction on the new facility in 2022 and open it in late 2023 or early 2024.

“We are very excited to welcome New B&M Meats to Wilmington as the company expands to the Seventh Street Peninsula, producing nearly 200 new jobs in the coming years,” said Wilmington Mayor Mike Purzycki. “Together with Light Action Production’s new multi-million-dollar sound stage and the new CP Furniture factory, B&M Meats will augment the Seventh Street Peninsula’s unique blend of business park and historic cultural amenities. My thanks to the Delaware Prosperity Partnership as well as Jeff Flynn and his team in Wilmington’s Office of Economic Development for helping to see this project through to fruition. It is just one more example of how Wilmington is on the move, continuing to attract new businesses, jobs, and residents to all parts of our city.”

By 2026, New B&M Meats projects total employment of 288 people between the two Wilmington facilities. New positions will include production line workers; operators; maintenance and production supervisors; and shippers/handlers. The company is currently hiring for positions at the Commerce Street location, and interviews will begin in late 2023 or early 2024 for the Seventh Street facility.

“As one of the largest Philly steak manufacturers in the country, we’re excited to grow our presence in the rapidly growing and vibrant Wilmington community,” said Steve Realbuto, president. “With a strong pool of talent, supportive local and state government, and proximity to critical transportation routes, Delaware is a great place for a manufacturing company to do business.”

“As we were looking for the site of our next facility, the City of Wilmington and State of Delaware were true partners every step of the way,” said Chris Linteris, CFO. “Jeff Flynn assisted us throughout the entire process, from searching for land and planning for development, he provided key introductions to local vendors and stakeholders. We would also like to thank our banking partner, ConnectOne Bank, for support of our continued growth. With these critical partnerships, we plan to continue our investment in the community and develop additional projects in the coming years.”

“B&M is a shining example of the critical role small and mid-size businesses play in fueling the local economies in which they operate,” said Elizabeth Magennis, president of ConnectOne Bank. “We are proud to support B&M in this exciting endeavor – a client committed to creating opportunities to enhance local communities through its own growth and expansion.”

About Delaware Prosperity Partnership

Delaware Prosperity Partnership leads Delaware’s 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. 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 New B&M Meats Inc.

Delaware-based New B&M Meats Inc. is part of the Wonder Meats family of businesses, which also includes Brooklyn Provisions, Broad Street Butcher, Lindee Corned Beef and Nations Best Deli Meats. Wonder Meats began as a family-owned storefront butcher shop in New York City in 1971 and has been based in Carlstadt, New Jersey, since 1994. Company President Steve Realbuto, whose father, Santo Realbuto, opened that first butcher shop 40 years ago, acquired B&M Meats in 2016.

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