Last week, Harvey Hanna & Associates had the pleasure of convening with residents, officials, and other members of the Wilmington-area community to discuss our current and future plans for the former General Motors plant on Boxwood Road.
Along with representatives of the Delaware Department of Natural Resources and Environmental Control, our engineering firm Apex Engineering, and a number of area elected officials, we heard plenty of positive feedback from residents excited about our plans to create a modern business and distribution campus at the plant property. We also heard several quality-of-life concerns about the changes that would accompany its transformation.
As a local firm with deep ties to New Castle County, we remain committed to maintaining an open dialogue with residents throughout this process, and will schedule future meetings every 4 to 6 months to ensure the highest degree of transparency and public input. While a new business campus will not generate the same level of activity than the GM plant at its peak, it will have far-reaching implications across Wilmington and the rest of the region. By continuing to work together, we can help create thousands of new jobs, and a better, more prosperous future for our community.
Leading Commercial Real Estate Developer Plans to Transform Dormant GM Site Into Modern Business & Distribution Campus
Wilmington, Del. (April 16, 2018) — Harvey Hanna & Associates, Inc., a leading Delaware-based commercial real estate redevelopment firm , today announced it has submitted an exploratory plan for its redevelopment of the former General Motors plant in Wilmington, Del. into a thriving, state-of-the-art business, fulfillment and distribution campus.
The Brownfield Redevelopment plans, provided to the New Castle County Department of Land Use under its Redevelopment Ordinance, call for the demolition of the 3-million-square-foot former automobile manufacturing plant structure at 801 Boxwood Road. Under the plan, Harvey Hanna proposes the construction of a modern campus designed to attract and retain 21st century businesses and jobs, serving as a new economic engine for the region.
“As a Delaware-based firm with deep personal and professional roots in this area, Harvey Hanna knows first-hand the significance that the former General Motors plant property has to Wilmington and New Castle County,” said Thomas J. Hanna, President of Harvey Hanna & Associates. “These plans represent a critical first step in rebuilding this storied property into a modern distribution and business campus that can provide a critical source of jobs and serve as a new and lasting economic engine for the entire region.”
The concept plans call for the complete demolition of all dormant buildings on the 142-acre property, to be followed by the construction of 3 million square feet in new commercial space spread across four buildings with a lower overall footprint than the previous structure. If approved, the buildings would be constructed in multiple phases, with additional green space, improved storm water management and new landscaping buffers added to the new business and distribution campus. The plans are conceptual in nature, and must be reviewed and approved by New Castle County as well as other state regulatory agencies.
The redevelopment of the former General Motors plant – which at its peak employed more than 6,000 people – is the first step in a wider effort by Harvey Hanna to transform underutilized areas of New Castle County, specifically in and around the greater Newport area.
In addition, the firm is pursuing the development of 400,000 square feet of mixed-use commercial transit oriented development nearby the SEPTA rail station in downtown Newport, Del., where future employees at the Boxwood Road property can live, eat, shop and play. Harvey Hanna’s plans for the Newport development also include a Riverwalk trail for walking, biking and other recreation, as well as the re-opening of the Newport passenger rail station. This planned river walk is environed to interconnect with the New Castle County bicycle and pedestrian trail network that is currently under construction.
“When Harvey Hanna purchased this site last year, we always knew our immediate goal was to modernize the former plant property and provide new jobs to the hardworking residents of Delaware,” said Hanna. “However, the resulting economic impact of this transformation also holds the potential to transform the greater Newport area, and position this area for success for decades to come.”
The exploratory plan was created in conjunction with Newport, Del.-based Apex Engineering, a civil engineering firm with nearly 25 years of experience in New Castle County and the surrounding area. In partnership with Harvey Hanna, Apex will analyze and devise plans for the redevelopment, including the preparation of all preliminary and final site plans for review and approval by New Castle County. The firm will also coordinate with both the Delaware Department of Natural Resources and Environmental Control (DNREC) and the Delaware Department of Transportation (DELDOT) to ensure that all applicable environmental and infrastructural standards are met during the redevelopment.
“Apex Engineering is thrilled to begin working on the regeneration of a property that was once one of the great economic drivers in this region,” said Steve Davies, President of Apex Engineering. “We take tremendous pride in this project and are honored to have the chance to play a role in its transformation into a state-of-the-art facility that can bring thousands of jobs back to New Castle County.”
Harvey Hanna acquired the Boxwood Road property in 2017 with the goal of redeveloping its more than 3 million square feet of industrial and office space. The longtime former home of a General Motors automotive plant, the property is strategically located along the I-95 corridor and is set in one of the country’s major population base, making it an ideal setting for distribution, fulfillment and logistics users and businesses. Offering easy access to major markets including Philadelphia, New York City, Baltimore and Washington, D.C, the property is a springboard to multiple major U.S. highways, including I-95, I-295 and I-495.
The property is also equipped with full access to area rail lines, allowing distribution or fulfillment companies to both ship and receive goods from across the region, and is just minutes from the growing Port of Wilmington, which handles more than 400 ship calls and 6.8 million tons of cargo each year.
About Harvey Hanna & Associates, Inc.
Founded in 1998, Harvey Hanna & Associates, Inc. is a Newport, Delaware-based real estate development company with a significant record of success related to the acquisition, redevelopment and repopulation of underutilized properties in the Mid-Atlantic region. Led by Thom Harvey and Thomas Hanna, the company has acquired and developed more than 5.2 million square feet of space, including 2.8 million square feet of industrial space.
Harvey Hanna has deep personal and professional roots in Newport and the surrounding Delaware community, and the company’s comprehensive understanding of both the Boxwood property’s history and the Newport community has helped shape its vision for a first-class commercial campus that will become a critical economic driver for the region.
Harvey Hanna is NOW LEASING its brand new 100,000 SF building at Delaware River Industrial Park that is conveniently located in New Castle, Delaware. The fully improved 45 acre park offers quick access to the entire northeast corridor –Delaware Memorial Bridge, I-95, I-295 and I-495.
The Delaware River Industrial Park is 34 miles from Philadelphia and minutes from the Port of Wilmington, which is the top banana port in the United States. It’s also the nation’s biggest fruit and juice concentrate importer with the largest dock-side refrigeration business.
It is located within a ‘targeted zone’ offering comparably low property taxes and other possible credits and incentive. The brand new park offers modern construction with ample load and trailer storage. Delaware is the rated #1 in ‘business friendliness’ according to CNBC’s 2014
It features 6.45 acres of 100,000 square feet of space zoned “HI”, allowing for a wide array of uses including warehouse, manufacturing, R&D or laboratory. The building has a 32 foot clear ceiling height, ESFR sprinkler system and 4 loading docks.
The park is completely improved with heavy-duty roadways and all utilities including, electric, gas, water and storm water retention. Special improvements at the park include a fire control system with a 312,000 gallon on-site water tank and high flow fire pump.
Delaware is centrally located on the northeast corridor with easy highway access. This, along with Delaware’s lower property taxes and skilled labor force, makes it attractive to the national and regional companies.
“The logistics industry can be a very, very strong source of growth for Delaware because of our workforce. Those people who lost their jobs at Chrysler and GM when those plants closed and the people who were downsized in the Dupont Corp., a lot of those folks are still here. They didn’t go away. If we’re wise about handling it, logistics can really provide a source of employment for those people,” Hanna said.
Harvey Hanna already owns 2.58 million square feet of warehouse, distribution and logistics space in the Delaware, ranging from 5,400 square feet to the 430,000-square-foot former Five Below distribution center in their Twin Spans Business Park in New Castle.
Harvey, Hanna & Associates, Inc. (HHA) is pleased to welcome American Training Driver Academy to the Delaware River Industrial Park in New Castle.
American Driver Training Academy recently celebrated the opening of their new facility by hosting an open house and ribbon cutting celebration on Friday, February 24th with the New Castle County Chamber of Commerce. Local businesses, clients and vendors attended the event which also featured truck demonstrations, door prizes, giveaways, food and refreshments.
“We are excited to welcome American Driver Training Academy to the Delaware River Industrial Park. Their business concept is an ideal fit with its immediate proximity to the Port of Wilmington, Delaware Memorial Bridge and access to the full interstate interchanges of I-95, I-295 and I-495,”said Thomas J. Hanna, COO / managing director, HHA.
American Driver Training Academy recently opened the new training facility by leasing 4,685 sf of office and 1.5 acres of training space at 618 Lambson Lane located at the Delaware River Industrial Park (DRIP) managed by HHA in New Castle, Delaware.
American Driver Training Academy is one of the premier truck driving academies in the region, specializing in CDL-A license truck driving training for drivers in Delaware, New Jersey, Pennsylvania and Maryland. From their experienced trainers to their modern truck fleet and state-of-the-art training center, American Driver Training Academy has a 97% graduate employment rate and offers lifetime job placement opportunities. American Driver Training Academy has placed jobs for graduates with over 100 companies nationwide. Key clients include Homeland Security and the Transportation Safety Administration. American Driver Training Academy also serves as the only on-site certification facility for the TWIC® (Transportation Worker Identification Credential) Card in Delaware on behalf of the Transportation Security Administration. To learn more about American Driver Training Academy, visit: http://www.americandrivertraining.com/
About Harvey, Hanna & Associates- Established in 1997, HHA is a full service Commercial Real Estate Redevelopment Company featuring 3,000,000 square feet of prime location commercial, retail, and industrial real estate in Delaware.
Delaware KIDS Fund 5K had 234 runners and walkers of all ages participate in the Newport race that took place Saturday, August 6th. The race organizers added a second event for beach-goers this year: the inaugural Que Pasa 5K for the Delaware KIDS Fund in Dewey Beach took place the following Saturday, August 13th with 244 runners and walkers participating. The two races raised $35,000.
This is the seventh year for the highly anticipated Delaware KIDS Fund 5K that takes place in Newport each summer and the first year for the KIDS Fund Que Pasa 5K Race. The race was presented by Harvey, Hanna & Associates, Hyatt Place Dewey Beach, My Sherpa, AWE Oil, M&T Bank and Rehoboth Beach Running Co. The events were supported by 54 corporate sponsors , as well as 478 runners and walkers of all ages and abilities.
Delaware KIDS Fund is an acronym for ‘Kids in Distressed Situations’ and helps at-risk children in Delaware who may face violence, abuse, family financial troubles, or other distressing situations. It is a non-profit organization founded by Thomas J. Hanna, VP of Harvey Hanna & Associates, a commercial real estate company. Proceeds from the event go directly to various youth emergency food relief programs throughout Delaware.
Both races had many post-race activities. The Newport race had face painting for children, a moon bounce, on-site massages, race photo booth and music. There was a large variety of food and beverages including beers from the local Twin Lakes Brewery. The Blue Rock’s mascot, Rocky Blue Winkle and University of Delaware mascot, YoUDee cheered runners as they raced towards the finish line.
The Que Pasa 5K post-race festivities took place at Que Pasa Mexican Restaurant and with a large variety of amenities for the kids and music. Again, there was plenty of food and beverages, including a Que Pasa Taco Bar and post-event beach party on The Rehoboth Bay.
“We are immensely grateful to our many sponsors without whom this would not be possible,” said Ryan Kennedy with Harvey, Hanna & Associates. “And we were so excited to bring this race to Dewey Beach where we had another fantastic turnout.”
Fall has officially arrived and the hot days of summer are quickly becoming a distant memory. Many are wistfully reminiscing of days spent at the shore or hanging with friends on the patio.
Sure, the end of summer can be bittersweet. However, I welcome the briskness of cool autumn days and the vibrant colors of changing leaves as far as the eye can see. It’s a nice change from the hot steamy days of summer.
This time of year is perfect to develop a plan to safely maintain your workplace for the approaching weather challenges ahead. Not that I want to drop the ‘snow’ word, but the reality is that at some point in the next few months we will all have to deal with the mess that snow and ice can leave on sidewalks and parking lots. Not to mention, downed powerlines and inconvenient hazards that can make getting to and from work a challenge.
Now is the perfect time to prepare your business and employees for what lies ahead! I get that, as a business owner, your top priority is running your business. That is why we have created this safety checklist to help make sure you’re ready for the season ahead.
Maintaining and providing a safe work environment is important, so here’s a quick checklist to help you get back to business, as usual.
Top 10 Tips to Safely Maintain Your Business Workplace This Winter:
Schedule Fire Drills & Build an Evacuation Plan– Knowing what to do is key to surviving a fire emergency. Conduct routine fire drills to give you and your co-workers the knowledge and confidence to escape safely. Routinely check fire extinguishers.
Monitor Your Space Heaters– Portable space heaters can pose a major workplace safety hazard. Don’t take chances; educate employees about safe space heater practices, such as keeping space heaters out of high traffic areas and doorways to avoid tripping hazards. DO NOT plug any other electrical devices into the same outlet as the heater. Always turn off and unplug every space heater at the end of the work day.
Install Door Mats at All Entrances– Keep the dirt, snow and mud outside by installing quality door mats at your entry way. This will reduce the amount of water, mud and slush tracked into your business, lowering the possibility of slips. Protect your employees and customers. It’s not only the right thing to do, it’s the law!
Salt & Treat Your Entryway– Use ice melting mix solutions (such as salt). This plays a major role in reducing slip-and-fall accidents because it reduces ice. Even a light dusting of snow can lead to slippery conditions. Be sure to stock up early, as supplies can be hard to locate right before forecasted winter storms.
Avoid The Office Thermostat Wars– Consider setting a standard office temperature and designate one person to oversee the thermostat. Be sure to communicate this standard with your employees. To make your case, relay studies on temperature’s effect on worker efficiency!
Check Your Emergency Supplies– In addition to protecting the physical systems in your building, inventory your emergency supplies. Can your building accommodate every tenant overnight or for multiple days in case of a blizzard? Make sure you have plenty of warm blankets, portable heat sources, a first aid kit and extra food in case you get snowed in.
Guard your Technology and Data – Costly power outages due to ice and wind can be critical if you fail to back-up all company and client data daily, either onsite or through a hosted, off-site cloud service. Always check to make sure your back-up system is working properly before a storm hits.
Avoid Electrical Shutdowns – If an outage occurs during business hours, turn off all computers and other equipment as a precaution against the sudden increase in voltage when power is restored. Be sure that all computers and electrical equipment are connected to surge protectors, which absorb excess electrical energy and prevent it from reaching connected equipment once the power is restored.
Properly Maintain HVAC Equipment– Proper maintenance of all HVAC units will lead to the best possible outcome for your building, not only in the winter, but throughout the year adding comfort, improved air quality, extended equipment life and cutting energy costs.
Properly Winterize your Roof– The most common cause of winter damage to a roof is the continuous freeze/thaw cycle which can exacerbate any defects in the roof. While certain conditions are unavoidable, making sure you fix any current leaks, faulty flashing, loose shingles or metal sheets can make your roof better prepared to handle the freeze/thaw/freeze cycle. Also be sure to repair and clean out any drains or downspouts.
Harvey, Hanna & Associates, a commercial real estate management company in Delaware, partners with our tenants to ensure that our properties are ready for hazardous conditions. If you need our help or have questions, please contact us today.
6th Annual Delaware KIDS Fund 5K coming soon! Help support our Delaware KIDS in NEED this summer, a time when they need it most. The race takes place in Newport, DE August 1st at 8:30 am. Sign Up Today!
Run or walk for a good cause, Delaware KIDS Fund is an acronym for ‘Kids in Distressed Situations’. The fund provides goods and services such as; clothing, food, shelter, scholarships, educational grants, counseling and mentoring. This non-profit organization and was founded in 2008 by Thomas J. Hanna, VP of Harvey Hanna & Associates.
The race is presented by M & T Bank, MySherpa, Tile Market of Delaware and Harvey, Hanna & Associates.
Event Features: Post race refreshments, DJ, giveaways, raffle prizes, with plenty of kid friendly activities and a post-race reception!
Overall 1st Place Male & Female Win $200 Cash (Visa Gift Cards) plus DE KIDS Fund 1st Place Medal.
1st Place Finishers in each age group win a special prize plus DE KIDS Fund Medal. Prizes include: Orioles/Red Sox Tickets, UD Football Tickets, Blue Rocks Tickets, First Pitch at a Blue Rocks Game, Hockessin Athletic Club Gym Membership, Fusion Fitness Gym Membership, Cavaliers Golf Club Round of Golf, Rehoboth Beach Running Co. Gift Certificates, Overnight Stays at Christiana Hilton and Hyatt Place Dewey Beach, Restaurant Gift Certificates and much more!
All 2nd and 3rd Place Finishers will receive DE KIDS Fund Medals.
Sign up and join hundreds of runners to support Delaware’s 6th annual KIDS Fund 5K . The run is sponsored by over 40 local businesses, boasts a USATF Certified Course that starts at Route 141 Bridge in Newport, Delaware, goes out to Banning Park and back. Post-race festivities will be stationed across the street from James Street Tavern. Participants receive a tee shirt and a complimentary microfiber towel. Awards will be presented to overall male/female winners, 3 male female in 10 year age groups, 13 and under through 70 and over, plus 3 top male/female walkers.
Congratulations to Albert “Bert” Root of Harvey Hanna & Associates for his recent appointment as President of the CIRC Board. Root has served on the CIRC (Commercial-Industrial Realty Council of New Castle County, Delaware) Board for the last two years as vice-president.
CIRC is a non-profit organization bringing together a group of members with similar interests in commercial and industrial real estate to network and keep current with the latest real estate and business transactions in the Delaware Valley community. CIRC meets monthly except for the months of July and August. The lunch meetings are for networking and socializing. Typically there is a guest speaker that touches on topics of mutual interest to the membership.
Root, Director of Commercial Leasing at Harvey Hanna & Associates, manages and oversees all leasing activity associated with HHA’s extensive portfolio of commercial, industrial and retail properties. He came to HHA in 2012 and has held a variety of positions in the commercial real estate industry.
In addition to his position on the CIRC Board, Root is the Golf Committee Chairman for CIRC’s annual Golf Outing held at Hartefeld National. This years’ golf outing is scheduled for Monday, June 29th.
The golf outing offers a fun-filled day of golf course challenges, barbecue lunch, on-course beverages/snacks, cash raffle, golf prizes and a dinner buffet. A portion of the proceeds goes to The Delaware KIDS Fund, a non-profit organization founded by HHA COO, Thomas J. Hanna in order to assist local area Kids in Distressed Situations.
If someone hits a hole in one on the dedicated ‘hole in one hole’, they win a 7 night stay at the luxurious Hyatt Place Hotel in Dewey Beach with over $200 in food credits for Que Pasa Mexican Restaurant and The Lighthouse!
With the holiday season in full swing, the cold weather has arrived and so will the fun stuff it brings to the Delaware area this time of year. After last winter’s record snow falls, you might think we’re due a break. Well according to the Farmer’s Almanac that’s not to be. They predict that we’re in for another cold, wet and snowy winter.
Now is the time to prepare your business for what lies ahead. Maintaining and providing a safe work environment is just one of your many worries, so here’s a quick checklist to help you get back to business, as usual.
Top 10 Tips to Safely Maintain Your Business Space This Winter:
Schedule Fire Drills & Build an Evacuation Plan – Any fire is dangerous. Knowing what to do is key to surviving a fire emergency. Conducting routine fire drills will give you and your co-workers the knowledge and confidence to escape safely. Fire extinguishers should be routinely checked. To schedule your fire drill today, please feel free to call our Operations and Maintenance Department today at 302-323-9300 Ext. 18.
Monitor Your Space Heaters – Portable space heaters can pose a major workplace safety hazard. Educating employees about safe space heater practices can reduce the risk to employees and facilities. Locate space heaters out of high traffic areas and doorways where they may pose a tripping hazard and be sure NOT to plug any other electrical devices into the same outlet as the heater. Always turn off and unplug every space heater at the end of the work day.
Install Door Mats at All Entrances– Installing quality door mats at your entry way will help keep the dirt, snow and mud outside and clear of your interior walkways. Reducing water, mud and slush that’s tracked into your business reduces the possibility of slips, falls and injury at your work space. Protect your employees and customers.
Salt & Treat Your Entryway– Using an ice melting mix solution (such as salt) plays a major role in reducing slip-and-fall accidents because it reduces ice. Even a light dusting of snow can lead to slippery conditions.
Avoid The Office Thermostat Wars– Consider setting a standard office temperature and name one person to oversee the thermostat. Be sure to communicate this standard with your employees. To make your case, relay studies on temperature’s effect on worker efficiency!
Check Your Emergency Supplies – In addition to protecting the physical systems in your building, inventory your emergency supplies. Can your building accommodate every tenant overnight or for multiple days in case of a blizzard? Make sure you have plenty of warm blankets, portable heat sources, a first aid kit and extra food in case you get snowed in.
Guard your technology and data – Costly power outages due to ice and wind can be critical if you fail to back-up all company and client data daily, either onsite or through a hosted, off-site cloud service. Always check to make sure your back-up system is working properly before a storm hits.
Avoid electrical shutdowns – If an outage occurs during business hours, turn off all computers and other equipment as a precaution against the sudden increase in voltage when power is restored. Be sure that all computers and electrical equipment are connected to surge protectors, which absorb excess electrical energy and prevent it from reaching connected equipment once the power is restored.
Properly Maintain HVAC Equipment – Proper maintenance of all HVAC units will lead to the best possible outcome for your building, not only in the winter, but also throughout the entire year adding comfort, improved air quality, extended equipment life and cutting energy costs.
Properly Winterize your Roof – The most common cause of winter damage to a roof is the continuous freeze/thaw cycle which can exacerbate any defects in the roof. While certain conditions are unavoidable, making sure you fix any current leaks, faulty flashing, loose shingles or metal sheets can make your roof better prepared to handle the freeze/thaw/freeze cycle. Also be sure to repair and clean out any drains or downspouts.
While some of these areas touched upon may fall outside of your immediate control, keeping aware of what it takes to be safe during these next few months can be empowering.
Premier Office Space Available in Heart of Hockessin!
Don’t miss this newly available and recently remodeled office space located in the heart of Hockessin, the fastest growing community in Delaware. This second floor unit offers 2,700 square feet of premier office space and is ideal for a professional office, creative firm, law firm, marketing, medical offices, etc…
Featuring a large reception area, 4 executive offices, 8 work stations in a comfortable bullpen setting, and a common kitchen with elevator and stair access. The space overlooks Valley Road in Hockessin, an area known synonymously for its rolling hills, farmlands and scenic countryside.
Long gone are the days that Hockessin was a mere stop on the Trolley that ran from West Chester to Wilmington back in the early 1900s. It has grown into a thriving community. Hockessin’s population has tripled since 1990. Largely due to the easy commute for residents to Wilmington or Newark.
This 2,700 office space is available immediately in well situated shopping center in Hockessin Crossing Shopping Center on Lancaster Pike and Valley Road. Offering a location subject to high volume traffic and visibility, naturally lending to ultimate customer convenience for Delaware and Pennsylvania consumers. **
Current tenants include: Six Paupers Restaurant, Wells Fargo, Produce for Better Health Foundation, J. Christian Hair Studio, Thompson Cleaners, Children of America School, Polished Nail Salon, Schagrin Gas, BeBarre Fit, Step N Style Dance Studio, Dr. William Gonce, DDS and Yale Academy.
This office is situated at a lighted intersection at 7465 Lancaster Pike, Hockessin Delaware.
Call us to take a tour today! Bert Root | (302) 323-9300**
**First Floor Retail/Office Space also Available (5,302 S.F.)
Harvey, Hanna & Associates, Inc. (HHA) is pleased to welcome Art Guild to the Twin Spans Business Park in New Castle.
Art Guild is currently leasing 23,856 square feet of warehouse, office and showroom industrial space at 200 Anchor Mill Road in the Twin Spans Business Park (TSBP) in New Castle, Delaware.
TSBP is considered by many to be the premier distribution campus in the mid-Atlantic region, featuring 1.85 million square feet of Class A commercial warehouse space spread across 135 acres of land along the Delaware River. Twin Spans further offers superior logistics throughout the mid-Atlantic region and points beyond, with immediate access to I-95, I-295, I-495 and the Delaware Memorial Bridge.
Art Guild specializes in the creation and management of award-winning 3-D marketing, educational and event programs. As an industry leader, Art Guild creates, manages, fabricates and installs trade show exhibits, museum exhibits, lobbies, showrooms, visitor centers and retail displays. Established in the early 1920’s out of Philadelphia as a sign fabricator, Art Guild has gradually expanded their scope of services featuring three locations throughout the U.S. (West Deptford, NJ, Las Vegas, NV and New Castle, DE). Art Guild serves many fortune 500 companies and some of the nation’s most prestigious institutions. Their current client base ranges from Master Card, Campbell Soup Company, DuPont and PayPal , among many customers of large prestige. To learn more about Art Guild, visit the Art Guild online.
“We are excited to welcome Art Guild to New Castle, as they bring a cutting edge business philosophy and model to the industry along with value-adding products, jobs and services to the local economy”, stated E. Thomas Harvey, president, HHA.
Harvey, Hanna & Associates (HHA) is a full service Commercial Real Estate Redevelopment Company featuring 3,000,000 square feet of prime location commercial, retail, and industrial real estate in Delaware.
For Additional Information, Please Contact: Ryan Kennedy, 302-323-9300 Ext. 17 / firstname.lastname@example.org | Harvey Hannah & Associates
Last week we listed ‘Five Top Reasons to do Business in Delaware’ which makes a great case for ‘start ups’ to open their business in the state of Delaware. Well here’s even more incentive, Delaware has the fastest Internet Speeds (16.2 mbps) in the nation which gives Delaware business an edge, making them more competitive than those businesses based in neighboring states!
“In terms of absolute speeds, Delaware had the fastest Internet speeds at 16.2 mbps, followed by just over 14 in Virginia; Washington. D.C. was next with speeds just below 14 mbps. The Internet was slowest in Arkansas, where average speeds were 7.5 mbps.” — Chokshi , Niraj. “These maps show the Internet is getting faster in (almost) every state.” The Washington Post., 30 Sep. 2014.
Not only does a faster internet speed make e-commerce sites more competitive, it makes businesses of all industries more productive, giving them faster access to shared project files allowing for more efficient collaboration.
The Akamai SOTI Report noted that “the global average connection speed increased 21% from the first to second quarter of the year. At 4.6 Mbps, the global average connection speed exceeded the 4 Mbps “broadband” threshold for the first time.”—Akamai SOTI
The State of Delaware is known as the “Corporate Capital of the World,” due to its incorporation of more than sixty percent of the Fortune 500 companies. There are many reasons Delaware is the perfect state to do business, such as its reputation as a ‘pro-business’ state, proximity to viable markets and accessibility to a highly educated work force.
The state has taken a wide variety of measures to help established small businesses and entrepreneurs take their business from the idea phase to start-up to expansion, making Delaware an excellent choice to start a business.
The Delaware Economic Development Office (DEDO) aids entrepreneurs building a business through various state programs designed to help these start-up businesses develop successfully. DEDO has enabled the success of many small businesses through easy access to incentives, grants and the SSBCI program where businesses receive low interest loans.
Governor Markell has made it part of his agenda “to back small business at every phase of development, with great emphasis on development” –Levin, Alan. “Delaware’s entrepreneurs help drive economy.” delawareonline., 04 Oct. 2014.
Here are Five Top Reasons to do Business in Delaware:
Delaware # 1 in Economic Output Per Job – According to the U.S. Chamber of Commerce’s 2014 Enterprising States study, Delaware ranked first in the Economic Output Per Job study and fifth in the New Startup Rate study.
Delaware # 1 in Business Friendliness— CNBC’s 2014 America’s Top States for Business ranked Delaware as the most business friendly state.
Delaware #2 in Business Incubation –The Beacon Hill Institute’s 13th annual State Competitiveness Report ranked Delaware second for business incubation in 2013, thanks to programs such as the Emerging Enterprise Center (EEC) of New Castle County Chamber of Commerce (NCCCC) which creates a nurturing environment to help early stage businesses grow, develop and succeed.
The Kauffman FastTrac program ~ A combined effort between DEDO and Delaware Technical Community College, the Kauffman FastTrac program has trained over 300,00 entrepreneurs nationwide by helping them to develop business plans and guides small-business owners who want to take their enterprise to the next level.
State Small Business Credit Initiative (SSBCI) — The program is designed to enhance access to capital and lower interest rates provided to small business. The plan dedicates $12.1 million to create a new participation program between DEDO, lending institutions and their small business clients and dedicates $1 million to the Delaware Capital Access Program. .
Meanwhile, there a numerous other reasons to do business in Delaware, such as the DEMEP (Delaware Manufacturing Extension Partnership) that helps ‘forward thinking manufacturers’ to remain competitive, the DWIB (Delaware Workforce Investment Board) that offers ‘Employee Training Grants’ or the Brownfield Assistance Program which provides matching grants to owners and developers in order to encourage the redevelopment within the state.
Are you a Delaware Business that has benefited from one of these various programs? Please share with us your story so Delaware can continue to lift up businesses throughout the state and encourage growth and the entrepreneurial spirit!
The New Castle County Chamber of Commerce hosted its 8th Annual County Chamber Charity Challenge at Cavaliers Country Club on September 10th and through a raffle was able to raise $2000 for The Delaware KIDS Fund, a charitable organization which benefits kids in distressed situations and established by HHA V.P., Thomas J. Hanna.
Congratulations to Joe Panchisin, the lucky winner of the raffle grand prize! Joe won a ‘Week stay at The Residences at Lighthouse Cove in Dewey Beach‘. The 2 bedroom luxury condominium overlooks the Rehoboth Bay in Dewey Beach and is part of Dewey Beach Enterprises resort development project.
Dewey Beach Enterprises (DBE) recently announced that the company was ready to move onto the next phase of construction for the resort project, which encompasses the Hyatt Place Hotel; penthouse and bayside residential condominiums; retail stores and restaurants; a future conference center; and an array of public amenities.
Delaware came in second for the 2014 ‘State New Economy Index.
Not too shabby Delaware!
According to the report, Delaware is the most Globalized of states due to the state’s business-friendly corporate law. This serves to entice both foreign and domestic companies and creates a higher-wage traded service sector.
Thanks to the high-wage traded services, along with direct foreign investment and industry investment in R&D, Delaware moved up 4 rankings since 2010.
Massachusetts has been ranked #1 since the conception of the State New Economy index. This is largely due to the state’s concentration of biotech, hardware and software firms supported by widely renowned universities, such as Harvard and MIT.
California ranked #3, largely due to its domination of venture capital (55% of all U.S. Venture Investments), Silicon Valley and high-tech clusters in the southern part of the state.
The State New Economy Index is a report that focuses on measuring the economic structure of states, unlike other reports that assess state economic performance or state economic policy. (According to ‘The Information Technology & Innovation Foundation’, a Washington, D.C. non-profit, nonpartisan think tank at group whose mission is to help policymakers better understand the nature of the new innovation economy and the publisher of the report)
This report focuses on the simple question, “To what degree does the structure of state economies match the ideal structure of the New Economy (a more global one)?”
The report uses five categories; Knowledge Jobs, Globalization, Economic Dynamism, The Digital Economy, and Innovation Capacity.