Page 7 - Delaware Lawyer - Spring 2019
P. 7
EDITOR’S NOTE
David McBride
Michael Bowman, currently the State Director of the Delaware Small Business Development Center and Associate Director of the University of Delaware’s Office of Economic Innovation and Partnerships, pulls together multiple devel- opments in his piece, “Delaware’s Goldilocks Economy.” He reports on STAR Campus, where Chemours is a new tenant, the Delaware Prosperity Partnership and other programs that focus on the development of local, small startups.
In “Creating a Sense of Place,” Brittany Forman and Ste- phen Mullin of Econsult, Inc. tell of the challenges and op- portunities for economic development in small to mid-sized satellite cities.
Finally, in “The Secret Is Out,” photographer Bud Keegan and this editor reveal the renaissance of downtown Wilming- ton with new nightlife, from the Washington Street Bridge to Fourth Street and centered on Market Street.
Heather Evans closes this edition with a personal reflec- tion on her father, Charles F. Richards, Jr., who, as a partner at Richards, Layton & Finger, helped continue and develop Delaware as the corporate home of much of American busi- ness and the center for dispute resolution.
David McBride
In the past 20 years, corporations headquartered in Dela- ware have shrunk, major industrial plants operated by General Motors and Chrysler have closed, local banks and insurers have been taken over by out-of-state corporations. The epicenter of the crisis was Wilmington, dubbed Murder Capital USA and abandoned by DuPont. Something had to be done to prevent Delaware from entering into a downward cycle. Fortunately, something was done. The activity often was below the radar of headlines and slow to produce results, but those results are now appearing. There is a renaissance underway and it is becoming visible on the streets of Wilm- ington and at the site of the former Chrysler plant, now the University of Delaware’s STAR Campus. This issue of Dela- ware Lawyer is about what has been happening.
To start things off, former Governor Jack Markell writes about the single most critical element to attracting and grow- ing business in this new age, in“Building a Capable Workforce.”
Any discussion of economic development in Northern Delaware and Wilmington must include The Chemours Company, which credits Markell with playing a role in its decision to remain in Wilmington. In “A Building as Meta- phor,” David Shelton, Senior Vice President, General Coun- sel and Corporate Secretary of The Chemours Company, describes Chemours’ journey from a financially challenged DuPont spinoff to the renovator of the DuPont Building and the anchor of downtown Wilmington.
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