Katie Tabeling

3 weeks ago | delawarebusinesstimes.com | Katie Tabeling

WILMINGTON — The ordinance that would cap rent increases in Wilmington failed to pass despite significant appeal from activists and tenants urging action. Ordinance 25-016 as amended would have capped landlords to 5% increases per year or the 12-month average of the consumer price index, whichever is higher. It would have also created a Housing Stability Committee, to monitor rent control policy, collect data on housing costs and recommend long-term solutions.

3 weeks ago | delawarebusinesstimes.com | Katie Tabeling

WILMINGTON — The Buccini Pollin Group (BPG) is working on the next phase of its residential projects in downtown Wilmington and has successfully secured state funds to aid in their efforts. The Delaware State Housing Authority (DSHA) awarded BPG a combined $886,599 in funding reservations for two projects through the Downtown Development District (DDD) program. The DDD offers 20% rebates to property owners and investors who make exterior, interior, and structural improvements.

3 weeks ago | delawarebusinesstimes.com | Katie Tabeling

DOVER — Gov. Matt Meyer has re-established the Delaware Workforce Development Board through an executive order, but this time on a smaller scale with a new office to support its efforts. Established in 2020, the Workforce Development Board was created to evaluate and support Delaware job training efforts. The office works in concert with state agencies and private partners to help identify gaps and fund or support workforce development programs with private partners.

3 weeks ago | delawarebusinesstimes.com | Katie Tabeling

NEWPORT — Help is on the way for the Delaware arm of one of the world’s largest ink pigment manufacturers as it tries to fund maintenance costs for a critical machine located in the First State. Sun Chemical of Newport, a subsidiary of Sun Chemical Corporation of New Jersey which manufactures printing inks and pigments, has secured a state grant to help defray costs in hopes of not losing one of its most critical pieces of equipment.

3 weeks ago | delawarebusinesstimes.com | Katie Tabeling

WILMINGTON — An amended ordinance that would cap rent increases in Wilmington is set for a vote on Thursday night, despite pushback from local landlords and economic development leaders. Ordinance 25-016 would cap rent increases to 3% of the most recent rent base or the 12-month average of the area Consumer Price Index, whichever is lower. The ordinance, if it passes, would not apply to student housing, first time rental units and the first 10 years of a new building.