DSB Partners with SBDC to Support Small Business Loan Program

DOVER, DE – The state’s Division of Small Business (DSB) is partnering with the Delaware Small Business Development Center (SBDC) to provide additional support to small business owners seeking loans from a federal program that DSB oversees in Delaware. DSB has given the SBDC $675,423 in funding to provide Technical Assistance to small business owners for the State Small Business Credit Initiative (SSBCI). SSBCI is a federal program aimed at supporting both small and early-stage businesses who are having challenges obtaining a traditional bank loan, as well as those that are owned by socially and economically disadvantaged persons.

“We selected the SBDC to receive these technical assistance funds because they are uniquely qualified to broaden our reach to small business owners and provide intense individual support to them,” said DSB Director Regina Mitchell. “We are looking forward to seeing this program grow rapidly and getting more funding in the hands of entrepreneurs who need a little extra help to start or grow their business.”

In early 2023, Delaware was awarded $60.9 million from the U.S. Treasury Department to be used over a 10-year period. DSB is distributing the funding across four programs; two of which support small business loans: the Delaware Loan Participation Program (DELPP), and the Delaware Capital Access Program (DCAP).

SBDC will use its Technical Assistance funding to work one-on-one with small business owners and get them better prepared, and in a stronger position to qualify for one of the loan programs.

“Delaware SBDC is committed to helping entrepreneurs gain access to funding through one-on-one technical advising and trainings, emphasizing the importance of understanding financials, accounting best practices, and common legal requirements. We are looking forward to creating access to a program that supports Delaware’s small and/or socially and economically disadvantaged businesses,” noted Sarah Mailloux, SBDC Associate State Director.

DSB and SBDC are co-hosting a webinar for small business owners about the SSBCI loan programs on April 30, from 11 a.m. – 12:15 p.m. Register for the webinar at: State’s Small Business Credit Initiative (SSBCI) Information Session (delawaresbdc.org). Participating program lenders Del-One Federal Credit Union and True Access Capital will also provide information about their roles.

Under the SSBCI initiative, small business owners will meet with one of DSB’s Regional Business Managers to review the loan programs. Based on each owner’s individual situation, they will either be provided a list of our participating lenders to connect with directly, or they will be referred to the SBDC for additional assistance.

More information about the SSBCI program can be found at de.gov/ssbci.

Are you looking to start or grow your own small business? Check out DSB’s free services, programs, and funding opportunities at business.delaware.gov. Not sure where to start or go next? Connect with one of our four Regional Business Managers listed on the DSB homepage today!

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Div. of Small Business – Announces Fall 2023 EDGE Grant Winners

The Delaware Division of Small Business recognized 10 small businesses Tuesday Feb. 6, as winners of the seventh round of the Encouraging Development, Growth and Expansion (EDGE) competition. Awardees in the latest round of the competition include a company looking to develop residential electric vehicle chargers, one developing an improved hand/arm prosthetic that’s easier to use, one developing an adapted mobility device for getting into bed, and one looking to purchase cutting edge computers and streaming equipment for its e-sports events and camps.

Gov. John Carney, Deputy Secretary Kristopher Knight, and Division of Small Business Director Regina Mitchell announced the companies at an event at Delaware Dynamix in Harbeson, located in Sussex County along Rt. 9. Delaware Dynamix is one of the EDGE award recipients for this round.

“Building a strong economy starts with supporting our small business community,” said Governor Carney. “The EDGE grant program provides young businesses with much-needed capital assistance that they may not have access to otherwise. I’m excited to see how this round of EDGE grant recipients use this funding to grow their business.”

“Helping small businesses succeed in Delaware is so important to maintaining a healthy economy,” said Deputy Secretary of State Kristopher Knight. “With the assistance of the EDGE grants, the state is fostering innovation by giving them a much-needed financial boost to make their dreams become a reality.”

Businesses that are less than seven years old and employ no more than 10 full-time employees (or FTE equivalents), are eligible to apply for an EDGE grant. The grants are awarded through a competitive selection process. After thorough internal review, 16 finalists are selected to pitch their proposals to an outside expert panel of judges. Ten companies are selected for awards. Five STEM-based companies will each receive up to $100,000 for eligible expenses while five Entrepreneur Class (non-STEM) businesses will each receive up to $50,000.

“The EDGE competition allows our division to do what it was created to do – help small businesses start and grow,” said Division of Small Business Director Regina Mitchell. “The quality of the fall applications was so strong, it made it more challenging to select the finalists. Each EDGE round continues to show progress in terms of the quality of submissions.”

The first EDGE Grant Competition for 2024 began accepting applications on Feb. 1. They will continue to be accepted until Friday March 1, at 4:30 p.m. Visit de.gov/edge for access to the application and other resources.

EDGE is a matching grant program. The Division of Small Business matches a winning business’s investment on a 3-to-1 basis. The business can spend EDGE grant funds on expenses that help improve the company’s long-term chances of success, such as a marketing campaign to help acquire more customers or purchasing a needed piece of equipment that can increase production capacity.

Including this round, $5.6 million has been awarded to 90 promising Delaware small businesses since EDGE was first launched in 2019 in industries ranging from wearable medical devices to farming to restaurants.

This is the eighth round of funding for the program. Approximately 115 businesses applied for funding in September. Sixteen finalists gave public presentations in November at the University of Delaware’s FinTech building on the STAR Campus. From those, the below recipients were selected.

EDGE Grant Recipients

STEM class

Marin’s Med (Georgetown)
Marins Med is a pioneering prosthetics innovations company, distinguished by their woman-owned status and their Chief Technical Officer (CTO), an amputee and accomplished engineer. Marins Med’s goal with EDGE grant funding is to move through the final stages of research and development prototyping through final design and manufacturing to ensure the innovative ProHensor reaches those with limb loss. Funding will be used to purchase manufacturing equipment and for marketing assistance.

Omni Potential Energy Partners (Wilmington)
OmniPotential Energy Partners will use funding to build a proof-of-concept pilot program of curbside, residential electric vehicle (EV) chargers and install them on Delaware properties. They will use it to finalize their supply chain, identify final business partners, solicit seed customers and tool-up to build and deploy a pilot program of approximately 10 Curbstar devices in the state of Delaware over 12 months. Curbside, residential EV chargers are a potential solution to EV owners who live in multi-family units with street or lot parking only.

RunDNA (Wilmington)
ACE Running LLC (doing business as, “RunDNA”) brings running gait analysis to all levels of runner. Their service leverages innovative camera and software technologies at a competitive price point to provide real time analysis of running gait. This powerful tool is used by running professionals throughout the world to effectively modify a runner’s form to prevent injury and optimize performance. RunDNA’s flagship product is their Helix 3D running gait analysis device. The company’s EDGE award will allow them to expand their motion capture capabilities to walking gait. Funding will be used for purchasing equipment, software licenses, and covering research and development staff costs.

Sindri Materials Corp. (Wilmington)
Sindri Materials is a manufacturer and product development company dedicated to delivering ultra-high quality (UHQ) graphene (carbon) materials and products to market. Sindri can produce graphene that is a completely continuous, large-area sheet that yields electrical performance. With the EDGE grant Sindri will develop a high-capacity graphene manufacturing system. Its product can accelerate drug and vaccine development by optimizing the speed and resolution structural biologists image macromolecules using a ground-breaking new method called cryogenic electron microscopy (the “cryo-em” market). The graphene grids essentially hold the macromolecules in place for imaging.

Studio Charter (Wilmington)
Studio Charter has begun making virtual studios that eliminate the need for costly video productions. These studios can be installed in any 10×15 or larger room at a customer’s home or office. They are permanent studio installations with true cinema cameras that can be run remotely, without a crew, for simple, repeatable genres like podcasts and testimonials. The studios allow recording of cinematic medium-closeups in any location, real or imagined. The goal of Studio Charter is to make video production accessible to anyone. Nonprofits, schools, and government will all finally be able to produce video at a high level and volume. EDGE funding will be used for staff, design, prototyping and materials costs.

Entrepreneur class

Baybird Orthodontics (Smyrna)
Baybird Orthodontics is a minority women-owned business located in Smyrna run by Dr. Sita Patel. The clinic offers a range of orthodontic treatments, including orthodontic appliances, traditional braces, and clear aligners. However, the one service they currently do not provide is 3D printed aligners in house. The EDGE grant funding will be used to purchase a 3D printing system to allow them to produce clear aligners on-site, reducing the cost of orthodontic care for their customers. Funds will also be used to support the aligner machine by providing additional equipment, supplies, and a computer. Marketing and advertising expenses are also included.

Delaware Dynamix (Harbeson)
Delaware Dynamix LLC, which just opened for classes, provides gymnastics instruction and associated activities for children up to age 17, as well as similar opportunities for adults. A market analysis determined a lack of services like theirs within a convenient drive to the Milton, Lewes, and Rehoboth Beach area, thereby supporting the need for such a facility. The owners boast more than 30 years of experience in gymnastics and youth sports instruction. They will use EDGE grant funds for equipment and staffing at their 7000 square foot facility for a Little Ninja program aimed at young boys, and gymnastics and trampoline programming for special needs children.

Futures First Gaming (Middletown/Wilmington)
Futures First Gaming LLC (FFG), is a STEM.org™ Accredited Educational Technology, Media, and Esports Entertainment Company. FFG brings together gamers and esports enthusiasts to compete, build community, and engage in educational opportunities to explore career pathways in STEM and relevant esports disciplines. The company is known for its accreditation in educational technology, media, and esports entertainment. EDGE Grant funding will be used to acquire cutting-edge gaming and streaming computers, software, and furniture for their esports technology workforce training facility. Funding will also allow the company to organize more workforce development trainings, esports events, and esports camps.

The Hive on Loockerman (Dover)
The Hive is a minority-owned member-based business and event center that aims to support entrepreneurs and non-profit founders by providing them with the space, equipment, and resources necessary for their business growth and long-term success. The Hive primarily offers hourly space rentals and a range of business-building services, including corporate event planning, marketing, basic brand development, document printing, and secure shredding. EDGE grant funding will be used for facade improvements and construction to meet code requirements and for design, technology, and equipment upgrades to better serve customers.

The LeGrand Company (Hockessin)
Bed Ledge is an adaptive mobility product designed to assist individuals with decreased strength, coordination, or balance safely lift their legs into bed. The inability to safely navigate in and out of bed leads to increased risk for injury and falls and can be the determinate as to whether someone can safely live in his/her home without assistance. Bed Ledge is the first leave-in-place device that allows the user to move from a sitting position to reclining through incremental movements, thereby decreasing risk of injury and promoting independence. EDGE funding will be used to fund the creation of plastic injection molds and a first production run of 500 units, packaging, and third-party product testing.

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The Division of Small Business is a service-focused state agency committed to helping small businesses start and grow in Delaware. From start-ups to experienced business owners looking to expand, our team of Regional Business Managers can provide you one-on-one assistance and counseling to help you succeed. They can assist with a variety of needs, including: navigating government processes, connecting owners with our many resource partner organizations, and identifying funding opportunities for which you may qualify. See all of the programs and services we offer at business.delaware.gov.


Delaware Day Adventure Begins December 7

Submit photos and win prizes to celebrate Delaware Day between December 7-30, 2023

Delaware’s rich history will be celebrated with fun, adventure, and prizes this year in a contest that challenges visitors to explore an exciting statewide lineup of historic sites in December. This year’s Delaware Day Adventure contest is inspired by the state’s crucial role in the nation’s founding, celebrated each Dec. 7. Visitors who explore the five museums managed by the State of Delaware between Dec. 7 and Dec. 30 and submit photos of their visits will get a chance to win a prize.

Known as “Delaware Day,” the Dec. 7 holiday marks the moment in 1787 when Delaware became the first state to ratify the U.S. Constitution, giving it fame as the “First State” in the nation.

Here are the rules of the Delaware Day Adventure contest, sponsored by the Delaware Department of State’s Division of Historical and Cultural Affairs and the Delaware Tourism Office:

  • Visitors who submit photos from all five sites, with at least one photo taken from inside, will be entered to win a grand prize, including a Delaware-themed prize pack.
  • Visitors who submit photos of at least two sites (either interior or exterior) will be entered to win other Delaware-themed prizes.

For full details and to enter, visit delawareday.delaware.gov/delaware-day-adventure-2023.

The locations of the Delaware Day Adventure include:

Each location will have a Delaware Day Adventure sign with a QR code posted from Dec. 7 through 30. All photos must be submitted through the Delaware Day Adventure webpage by 11:59 p.m. on Dec. 30, 2023. Winners will be notified by January 19, 2024.

For more information, visit delawareday.delaware.gov.


EDGE Competition Reopens Sept. 1 to Benefit Small Businesses

DOVER, Del. – On the heels of a well-attended ceremony to announce winners from the Spring 2023 competition, the Fall 2023 Encouraging Development, Growth and Expansion (EDGE) application period opens Friday Sept. 1. The Delaware Division of Small Business (DSB) will be accepting EDGE grant applications from Sept. 1 through Sept. 29, from promising early-stage businesses throughout Delaware.

In advance of the competition’s reopening, DSB is hosting an EDGE informational webinar on Wed. Aug. 30 at 10 a.m. Interested persons can register through de.gov/edge. For anyone unable to participate, a recording will be placed on the web page later the same day. Additionally, DSB is hosting a companion webinar on how to use its free business analytics tool, SizeUP Delaware, to strengthen EDGE applications on Wed. Sept. 6 at 1 p.m. Registration for this webinar is also available on de.gov/edge. The web page is also where EDGE applications will be made available, starting Sept. 1.

Businesses that are less than seven years old and employ no more than 10 employees are eligible to apply for an EDGE grant.

“We’re proud to be able to offer this opportunity to early-stage small businesses,” said DSB Director Regina Mitchell. “It’s a way to help level the playing field for those that don’t have access to the same level of capital that larger businesses do.”

EDGE grants are awarded through a competitive selection process. Five STEM-based companies can receive up to $100,000 for eligible expenses while five Entrepreneur Class (non-STEM) businesses can receive up to $50,000. This round, DSB is hoping to see a greater number of STEM applications coming from Kent and Sussex counties.

EDGE is a matching grant program. DSB matches a winning business’s investment on a 3-to-1 basis. The business can spend grant funds on expenses that help improve the company’s long-term chances of success, such as a marketing campaign to help acquire more customers or purchasing a needed piece of equipment that can increase production capacity.

Applications for the competition round will be accepted until Sept. 29 at 4 p.m. After several rounds of internal scoring, finalists will be invited to pitch their grant proposals to a panel of expert judges at the end of November. Winners will be notified in early December.

“Small businesses are the backbone of Delaware’s economy” said Secretary of State Jeff Bullock. “The EDGE grants will enable small businesses that might otherwise fail, to have a stronger chance at succeeding.”

Since EDGE launched in 2019, $5.0 million has been awarded to 80 promising Delaware small businesses in industries ranging from renewable energy technology to fitness centers to restaurants. This will be the eighth round of the program since its launch.

Businesses should visit de.gov/edge for eligibility requirements, to download the grant application and to see frequently asked questions. Visit our website at business.delaware.gov to connect with a Regional Business Manager for application assistance.

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The Delaware Division of Small Business is a service-focused state agency, within the Delaware Department of State, that is committed to helping businesses start and grow in Delaware. Our Regional Business Managers can help you navigate government processes, connect with partner organizations that offer resources to small businesses and identify opportunities to access capital.


Three Emerging Delaware Artists Chosen for New Artist Career Development Program

 

Artists will receive professional development, trainings, and $20,000 over two years

 

Statewide, DEL. (August 10, 2023) – Three Delaware artists have been selected for the Artist Career Development (ACD) pilot program which provides two-years of sustained career support for emerging or mid-career Delaware artists, one in each county. The three ACD artists for the program are Stephanie Boateng (New Castle), Guy Miller (Kent), and Hannah Whiddon (Sussex).

“This initiative represents a tremendous opportunity for emerging artists to receive increased funding and jump-start the next phase of their careers as creative entrepreneurs,” said Jessica Ball, Director of the Delaware Division of the Arts. “By supporting their artistic and business practices, we aim to empower these talented individuals to realize their full potential and make a significant impact on the cultural scene in our state. We believe that through this strategic investment, we are fostering a thriving community of artists who will drive innovation, creativity, and collaboration across Delaware.”

The three artists selected will receive $10,000 for two years to advance their artistic and business practices, and to build community connections. In year two, the three ACD artists will continue growing their businesses while planning and executing an arts activity for a community in the artist’s county of residence, in partnership with an arts or community-based organization.

“It didn’t hit me until now how deeply the Division is investing in me and my career,” said Hannah Whiddon, a painter from Lewes, DE, who draws inspiration from the beauty inherent in everyday life and the human form. “The headshots and the various career-focused workshops all support my growth as an emerging artist.”

The application process was competitive, and the Division received letters of intent (LOIs) from 47 Delaware musicians, writers, and visual artists for the three spots in the program. An experienced panel reviewed the 47 letters of intent and selected seven artists to submit a full application.

Four semifinalists have received $1,500 to support professional development expenses including, but not limited to equipment, materials and supplies, professional development, space rental, marketing, and publicity of events/activities, etc.

About the Program

The ACD program includes a hybrid cohort model with some professional development and meetings in-person and others asynchronous focused on the artists’ current and future needs to sustain their work. Courses include:

  • Targeted career development workshops presented by Springboard Arts: Career Planning; Engaging Your Customers; and Artist Working in Community
  • Financial literacy with Elaine Grogan Luttrull of Minerva Financial Arts: Tax Basics for Creative Entrepreneurs; and individual financial coaching
  • Resources from the Delaware Division of the Arts: Delaware Artist Roster, Delaware Arts Summit, Marketing and Communications workshop by program officer, Andy Truscott, and professional headshots by Moonloop Photography, Joe del Tufo

Program Goals

The ACD program was created to expand geographic reach of funded programming and address specific outcomes as outlined in the Delaware Division of the Art’s Strategic Plan:

  • Enhance artists’ career-building skills by facilitating artist connections and providing training opportunities
  • Engage artists by connecting them to one another to enhance their work
  • Encourage greater collaboration among arts organizations and artists statewide

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About the Delaware Division of the Arts
The Delaware Division of the Arts is an agency of the State of Delaware. Together with its advisory body, the Delaware State Arts Council, the Division administers grants and programs that support arts programming, educate the public, increase awareness of the arts, and integrate the arts into all facets of Delaware life. Funding for Division programs is provided by annual appropriations from the Delaware General Assembly and grants from the National Endowment for the Arts, a federal agency. For more information about the Delaware Division of the Arts, visit arts.delaware.gov or call 302-577-8278.

Contact: Andrew Truscott, Program Officer, Marketing and Communications

302-577-8280, andrew.truscott@delaware.gov

The Delaware Division of the Arts, a branch of the Delaware Department of State, is dedicated to cultivating and supporting the arts to enhance the quality of life for all Delawareans. Together with its advisory body, the Delaware State Arts Council, the Division administers grants and programs that support arts programming, educate the public, increase awareness of the arts, and integrate the arts into all facets of Delaware life. For more information about the Delaware Division of the Arts, visit arts.delaware.gov or call 302-577-8278.