Tag: New Castle County

Agilent Technologies Expands in Delaware

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Agilent Technologies Chooses Delaware for $7 Million Investment

May 24, 2022

(WILMINGTON, Del.) – Agilent Technologies Inc., a global analytical instrumentation development, life sciences and manufacturing company and one of Delaware’s largest private-sector employers, has chosen to modernize and expand its existing Little Falls office and lab campus in response to growing worldwide demand for the company’s analytical laboratory consumables products.

Agilent plans to invest more than $7 million to upgrade the functionality of its Little Falls R&D and applications development labs at the three-level, 354,000-square-foot Wilmington-area site. The company’s investment will go toward the complete redesign, demolition, construction and outfitting of the existing laboratories.

“We are excited for Agilent Technologies’ expansion and modernization of their lab space, bringing new jobs to their facilities in New Castle County,” said Governor John Carney. “Delaware has a long tradition of expertise in the field of chemistry. This investment shows that Delaware remains a leader in innovative development.” 

Agilent – a world leader in the life sciences, diagnostics and applied chemical markets – has been a vital part of Delaware’s economy for more than 20 years. The company’s decision to update its existing facility reflects its confidence in Delaware’s dynamic business environment and large pool of regional talent. 

Agilent currently employs more than 800 workers at Little Falls, located in unincorporated New Castle County, and additional employees at its manufacturing location in Newport. The Little Falls renovation and expansion will result in the company further expanding its workforce amid strong demand for its biopharmaceutical laboratory consumables. 

“This another great example of investment in New Castle County where businesses have the access to talent and an incredible life sciences ecosystem,” said County Executive Matt Meyer. “We applaud Agilent Technologies on its commitment to New Castle County and the job creation that will result.”

Agilent officials presented today to Delaware’s Council on Development Finance their application for a Jobs Performance Grant of $93,330 and a Capital Expenditures Grant of $210,000 from the Delaware Strategic Fund to supplement the company’s $7 million investment. Distribution of grants from the Delaware Strategic Fund are dependent on the company meeting commitments as outlined to the CDF, which reviewed and approved Agilent’s request for up to $303,330 in total grant funding. 

“Agilent has a long and successful history in the State of Delaware, and this investment in our laboratories will enable world-class R&D for the fast-growing biopharma market, while expanding and supporting our Delaware-based team,” said John Gavenonis, vice president and general manager of Agilent’s Chemistries and Supplies Division. “Delaware is the right place for this R&D investment.” 

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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 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 Agilent Technologies

Agilent Technologies Inc. (NYSE: A) is a global leader in the life sciences, diagnostics, and applied chemical markets, delivering insight and innovation that advance the quality of life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers’ most challenging questions. The company generated revenue of $6.32 billion in fiscal 2021 and employs 17,000 people worldwide. Information about Agilent is available at agilent.com. To receive the latest Agilent news, subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn, Twitter and Facebook.

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LaMotte Company expands R&D and lab in Delaware

LaMotte Chooses Delaware for Expansion

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LaMotte Company Chooses Newark, Delaware, for Manufacturing and R&D Expansion

LaMotte Company expands R&D and lab in Delaware

Water-Quality Testing Instrumentation and Reagent Company Investing $3.3M in New Pencader Corporate Center Site, Adding More Than 100 New Jobs in Delaware

(WILMINGTON, Del. ) — LaMotte Company, a leading producer of water-quality testing instrumentation and reagents, headquartered in Chestertown, Maryland, has chosen Newark, Delaware, as the site for its expansion. Sales growth has prompted LaMotte to increase its manufacturing and research and development capacity.

The company plans to invest $3.3 million to build out lab space at its new location in Pencader Corporate Center. The 79,000-square-foot site also will include office and production space.

“We are working hard to make Delaware more competitive so that we can compete and win every day,” said Governor John Carney. “That means making sure we have the best environment so businesses like LaMotte Company can grow and thrive here in Delaware. We are excited for this expansion and the new jobs it will bring. This investment shows that Delaware remains in demand for manufacturing and innovative development.”

LaMotte will hire more than 50 employees immediately with future plans to have more than 100 people working at the site within three years. Positions will include skilled technicians, production line and warehouse workers, administrative positions, and engineers and chemists.

Proximity to the intellectual resources of the University of Delaware was a key reason for LaMotte’s choice of Newark, Delaware, over other Mid-Atlantic locations. The company intends to collaborate with the university’s College of Engineering and Lerner College of Business & Economics to develop an internship and employee pipeline. It also plans to partner with Delaware’s vocational high schools and Delaware Technical Community College to address its needs for technician and manufacturing personnel.

“We are excited to learn of LaMotte Company’s plans to expand to New Castle County,” said County Executive Matt Meyer. “We also thank the leadership and vision of Delaware Prosperity Partnership in helping to bring exciting and innovative employment opportunities to Delawareans.”

Founded in Baltimore, Maryland, LaMotte has manufactured specialized pH indicators and other analytical reagents for water-quality analysis worldwide since 1919. Today, the company produces analytical reagents, electronic instrumentation, and complete portable test kits for chemical analysis for hundreds of applications to serve the pool and spa; drinking water; industrial water; environmental science education; food and beverage; laundry and sanitation; water and wastewater; and aquarium and fish farming industries.

LaMotte officials presented to Delaware’s Council on Development Finance, requesting a performance-based grant of $190,440 and a Delaware Lab Space Grant of almost $1.06 million from the Delaware Strategic Fund. Distribution of grants from the Delaware Strategic Fund is dependent on the company meeting commitments as outlined to the CDF, which reviewed and approved the request.

“We are thrilled to continue our expansion plans culminating in this investment in Delaware,” said LaMotte President and CEO Scott Amsbaugh. “The Newark location is highly valuable for us given the skilled and educated local workforce and its proximity to global shipping hubs. This investment is critical in our capacity expansion to meet our customers’ growing demands for LaMotte’s products.” 

Delaware Prosperity Partnership began working with LaMotte in June 2021 on its site selection process.

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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 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 LaMotte Company

Founded in Baltimore, Maryland, LaMotte Company is headquartered on its own 15-acre industrial park near colonial Chestertown on Maryland’s Eastern Shore. The company is a leading manufacturer of analytical reagents, laboratory apparatus, electronic instrumentation and complete portable test kits for chemical analysis in hundreds of applications. Since 1919, LaMotte has been a committed leader in providing quality equipment and guidance for water analysis. LaMotte’s first major catalog, published in 1930, anticipated many of the areas in which accurate chemical control is indispensable today: boiler water, swimming pools, drinking water and more. Today, the company produces a broad line of portable test equipment and continues its focus on specific needs by offering reliable products and exceptional technical support and customer service to guarantee satisfaction.

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digital fintech company ICM Delaware

ICM Chooses Wilmington for New Headquarters

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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

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

B&M Philly Steaks new food production facility

December 13, 2021 – 

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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PharmaTech

Wilmington PharmaTech to Expand in Delaware; Planning New Large-Scale Manufacturing Facility

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Wilmington PharmaTech to expand in Delaware; planning new large-scale manufacturing facility

25 FEBRUARY, 2019

(Wilmington, Del.) – 

Wilmington PharmaTech, with locations in Newark, Delaware and Suzhou Jiangsu, China, is expanding – planning to hire up to 139 new employees and invest $18 million in a new state-of-the-science research and manufacturing facility, to be located on 2309 Sunset Lake Road in Newark, Delaware.

Wilmington PharmaTech, in operation since 2003, is a Contract Research/Manufacturing Organization that provides integrated services to pharmaceutical companies and biotech firms to expedite new pharmaceutical product development. One of their main offerings is manufacturing of Active Pharmaceutical Ingredients (API’s) and related materials under cGMP, which is an important aspect in the drug development process that is required to ensure product quality and provide consistency during formulation and manufacture.

PharmaTech currently employs 37 full-time staff in the United States in several Newark locations including a 16,000 square foot building at 229A Lake Drive, a 50,000 square foot facility on Sunset Lake Road (previously owned by DuPont) and a 40,000 square foot building at Pencader Drive.

“Wilmington PharmaTech’s expansion shows Delaware’s distinctive strength in supporting biotechnology and pharmaceutical start-up companies and builds on a foundation that began more than 200 years ago with the DuPont Company,” said Governor John Carney.  “We remain committed to supporting job growth throughout Delaware.”

Dr. Ke Li, PMP®, PharmaTech’s Director of Operations, presented the company’s growth plans to the Council on Development Finance (CDF) on Monday, February 25, including the plan to build a new, large-scale pharmaceutical production facility. Wilmington PharmaTech requested a $300,400 performance-based grant to support adding new jobs and a grant of $360,000 for assistance with capital costs.

“This marks the next wave of growth, positioning Wilmington PharmaTech as the leader in new drug manufacturing in the US,” Said Hui-Yin Harry Li, Ph.D., President and CEO of Wilmington PharmaTech. “This expansion scales up operations and significantly enhances offerings to our clients in API manufacturing and related services. It also expands our portfolio of research, development, and potential commercial API services. PharmaTech’s expansion plans fulfill the commitment to growth and its hallmark reputation for excellence for our employees, customers, partners and our community in the state of Delaware.”

About Wilmington PharmaTech

Wilmington PharmaTech is a fully integrated Contract Research/Manufacturing Organization (CRO/CMO) specializing in chemical process research and cGMP manufacturing, analytical method development and validation.  The soon-to-be-built Active Pharmaceutical Ingredients (API) manufacturing will serve the growing pharmaceutical, biotech and virtual biotech startups and as a one-stop contract research and manufacturing service provider. To learn more about Wilmington PharmaTech, please visit http://www.wilmingtonpharmatech.com.

 About Delaware Prosperity Partnership

Delaware Prosperity Partnership is a nonprofit that leads the state of 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 in the state of Delaware.

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Ashland Moving Corporate Headquarters to Delaware by 2020

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Ashland moving corporate headquarters to Delaware by 2020

3 AUGUST, 2018

Ashland Inc.’s announcement that it is moving its headquarters and less than 100 jobs to Delaware marks an investment in a state where the company has had a convoluted and, at times, controversial history.

The new headquarters will be located at 500 Hercules Road in Brandywine Springs, where the company already has an office campus with about 235 workers. The move is expected to happen by Jan. 1 2020.

“Ashland has a long history of innovation and success, including right here in Delaware,” Gov. John Carney said via email. “We’re thrilled they have selected Delaware for their corporate headquarters. This is additional proof that Delaware remains a great place for companies of any size to put down roots, grow, and create jobs.”

The move to Delaware will follow a corporate downsizing at the 94-year-old company that recently fell out of the Fortune 500.

Ashland says it will be “significantly downsizing” its current headquarters in Covington, Kentucky, in advance of the relocation with some of the 48 jobs there being eliminated and others being moved to its facility in Dublin, Ohio.

The remainder will be brought to Delaware, along with employees from its offices in Lexington, Kentucky. About 58 people work at that office, although some of those jobs also will be eliminated or relocated to Dublin, while other employees will be asked to work remotely.

The downsizing is part of a plan Ashland CEO William Wulfsohn announced in May to cut $120 million in expenses. Workers at the two Kentucky offices affected by the move were told of the downsizing on Tuesday.

Ashland saw its stock price jump to a 10-year high of $85.60 per share after the announcement, which coincided with a third-quarter earnings report that showed sales up 12 percent and a $66 million positive swing in net revenue compared to last year.

Founded in Kentucky 94 years ago, Ashland first became a household name here when the company purchased former Hercules Inc. for $3.3 billion in 2008.

Hercules was broken out of the DuPont Co. and once employed 1,800 people at the global headquarters it built in downtown Wilmington. But the company began to falter in the early 2000s after a series of questionable business decisions, leading to its eventual sale.

Ashland later moved its new acquisition out of the city, leaving 125,600 square feet of space vacant in Wilmington’s Hercules Plaza.

Despite the move, Delaware agreed in 2012 to provide Ashland with $10 million worth of taxpayer grants in exchange for the company’s promise to add 300 jobs in five years, bringing its total local workforce to more than 800. The deal was one of the largest economic development incentive packages approved under former Gov. Jack Markell.

But just two years later, Ashland sold its Delaware-based water technologies business to a private investment firm, which renamed the new standalone company Solenis. That business is now headquartered at the 21st Century Plaza in Brandywine Hundred.

The remaining company failed to reach its hiring goal and in 2015 was forced to repay nearly $335,000 of the state grant money it had received up to that point.

The same year, the now-defunct Delaware Economic Development Office helped Solenis win a $1.1 million taxpayer grant to help the company add 122 additional jobs by 2017 – a deal that would have brought its total Delaware workforce to 336. The company exceeded that goal by 31 jobs, state officials said Thursday.

No financial incentives have been offered to Ashland in connection with its impending move to New Castle County, according to the Delaware Prosperity Partnership.

The DPP was created by the General Assembly last summer when DEDO was dissolved and its responsibilities split between the new public-private partnership and the Division of Small Business.

Ashland’s impending relocation marks the first major accomplishment for the new organization since its new CEO Kurt Foreman took the helm in April.

“There wasn’t a lot of selling involved because they already were familiar with Delaware,” Foreman said. “It was more about being ready with the information they were looking for to help them make their decision.”

While Foreman said he is happy to have helped Ashland, he stressed that attracting new companies will not be the sole focus of the partnership.

“We want that to be only one part of our strategy,” he said. “There is nothing better than for those companies we want to bring here to see existing companies in the state grow and thrive. That’s a big part of where our focus is.”

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