{"id":48003,"date":"2025-04-25T00:40:08","date_gmt":"2025-04-25T00:40:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/48003\/"},"modified":"2025-04-25T00:40:08","modified_gmt":"2025-04-25T00:40:08","slug":"video-dupont-was-once-a-start-up-it-can-happen-again-says-gov-meyer-the-latest-from-wdel-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/48003\/","title":{"rendered":"VIDEO | Dupont was once a start-up? It can happen again, says Gov. Meyer | The Latest from WDEL News"},"content":{"rendered":"

With the clock ticking, Delaware is re-launching the Small State Business Credit Initiative.<\/a><\/p>\n

The U.S. Treasury awarded Delaware $60.9-million in 2023 in three allocations. In order to access the next round of funding, $14-million must end up in the hands of small business owners and entrepreneurs by the end of 2025.<\/p>\n

At The Mill Space<\/a> in downtown Wilmington Thursday, Delaware Division of Small Business<\/a> Director CJ Bell called it “Delaware’s Race to $14-Million.”<\/p>\n

“The goal of this program is to use the form of loans to provide access to capital, to provide direct investments to high-impact start-ups,” Bell said.\u00a0<\/p>\n

SSBCI has already assisted businesses such as WhipFlip<\/a>. “Our goal is to be the supply chain driver of used vehicles at the speed of AI,” WhipFlip Founder and CEO Rober Clappe said.\u00a0<\/p>\n

According to climate tech company Carbon Reform<\/a> co-founder Nick Martin, the funding would help it to expand its intellectual property portfolio.<\/p>\n

“There’s a number of really exciting patents that we have in the pipeline. We really need access to capital to convert those,” Martin said. “Our goal is also to create really high-quality jobs in Delaware.”<\/p>\n

Governor Matt Meyer said the state’s goal is to get this available $14-million out where it could do the most good as soon as possible.<\/p>\n

“We want to make sure we have a nurturing environment so that you have every benefit and opportunity that the big companies have,” Meyer said.<\/p>\n

The Division of Small Business provides partial funding to a bank, credit union or Community Development Financial Institution to help them make small business loans available. Current participating lenders are Del-One Federal Credit Union, True Access Capital and Community Bank in Sussex County DSP is interested in enlisting additional lenders.<\/p>\n

The DSB’s Regional Business Managers work with business owners who are interested in SSBCI by reviewing qualifications. A business owner who is not yet “bank ready” can be referred to the Small Business Development Center for technical assistance.<\/p>\n

21 loans have been supported so far through these programs. Bell says thee is potential for Delaware to develop as a Mid-Atlantic innovation hub.\u00a0<\/p>\n

“Using SSBCI is a critical tool to help us get there.”<\/p>\n

Get WDEL’s top stories sent right to your email.\u00a0\u00a0Click here<\/a>\u00a0to signup for WDEL’s Afternoon Edition.<\/strong><\/p>\n

And get breaking news notifications sent right to your mobile device.\u00a0<\/strong>Click here<\/a>\u00a0to download the WDEL app \u2013 which gives you easy on-the-go access to WDEL’s stream.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"With the clock ticking, Delaware is re-launching the Small State Business Credit Initiative. The U.S. Treasury awarded Delaware…\n","protected":false},"author":2,"featured_media":48004,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3094],"tags":[51,26182,26180,26177,26168,26176,26165,26174,26167,25904,1700,3134,474,26183,7558,26169,1197,26171,26181,26166,26173,26170,26164,26178,26175,16,15,26172,26179],"class_list":{"0":"post-48003","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-business","9":"tag-business-economics","10":"tag-carbon-reform","11":"tag-chris-buccini","12":"tag-cj-bell","13":"tag-community-bank-sussex-county","14":"tag-corporate-finance","15":"tag-del-one-federal-credit-union","16":"tag-delaware-division-of-small-business","17":"tag-economic-development","18":"tag-economy","19":"tag-entrepreneurship","20":"tag-finance","21":"tag-financial-economics","22":"tag-financial-services","23":"tag-governor-matt-meyer","24":"tag-investment","25":"tag-job-creation","26":"tag-nick-martin","27":"tag-private-sector","28":"tag-roger-clappe","29":"tag-small-state-business-credit-initiative","30":"tag-startup-company","31":"tag-the-mill-space","32":"tag-true-access-capital","33":"tag-uk","34":"tag-united-kingdom","35":"tag-whipflip","36":"tag-wilmington"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/48003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=48003"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/48003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/48004"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=48003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=48003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=48003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}