Loan help for early-stage businesses
The Delaware Small Business Development Center recently received $675k to give business owners technical assistance to prepare them to apply for a loan, as well as recommendations on CDFIs and banks that they partner with. This program is especially for entrepreneurs and small business owners who face challenges when applying for loans.
An April 30 webinar will fill you in on all the details.
➡️ Check out my report for details
Out of Philly: A free student-made app that assesses college costs
40 high schoolers from across Philadelphia gathered every Monday evening at the University of Pennsylvania to work on creating Finiverse, a tool that shows how factors like financial aid might affect the cost of attending various schools, and even estimates how majoring in different subjects might affect repayment plans.
While developing the app, the students learned that public colleges have a lower sticker cost, but often offer less institutional aid than private universities — which provided key context as they went through their own college admissions process.
➡️ Get the details and try the app in Sarah’s report here.
News Incubator: What else to know today
• Delaware chip manufacturer Phase Sensitive Innovations has been granted $706k to relocate to a new facility. [Delaware Business Times]
• Delaware’s jobless rate dropped to below 4% for the first time since 2019. [Delaware Business Now]
• A University of Delaware professor created a smart baby monitor to help identify developmental delays sooner [Delaware Public Media]
• A soon-to-be constructed industrial park in Harrington, aimed at small and medium companies in Kent County, received a $700k grant. [Delaware Business Times]
• If the former Ebert-Palmer School becomes housing, will Southbridge residents get to live there? [Spotlight Delaware]
🗓️ On the Calendar
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