Economic Development

Ideas presented at the Reinventing Delaware events came from numerous individuals across the state. Guests were assigned a table and asked to present their idea within two to four minutes with questions from their table. Each table then voted on the best idea at their table. At the culmination of the evening one idea was voted the top idea of the night.

Economic Development

Revitalize abandoned/underutilized industrial sites (EC1116.01) Expand the use of the existing Brownfields program to incentivize the purchase and clean-up of these sites

_________________________________________

Neighborhood Groups (EC1116.02) Incentivize neighborhood groups to pool their resources for the purpose of identifying, prioritizing, and meeting a need that exists in their neighborhood.

_________________________________________

Films to Delaware (EC1116.03) Make Delaware a destination for major films

_________________________________________

Social Impact Bonds (EC1116.04) Propose that we (the State and/or City government) adopt a social impact bond to encourage these three organizations and the employers that hire their graduates to train and employ over 500 people annually two years from now.

_________________________________________

China Exporter at the Port (EC1116.05) Delaware needs to attract a Plastic Manufacturer to export from the Port of Wilmington to China

_________________________________________

Christina and Delaware Rivers (EC1116.06) Let us bring more life back to waterfront properties by making the Christina and Delaware Rivers more accessible to Delaware residents.

_________________________________________

Convert DEDO into a Public/Private  Economic Development Organization housed at UD
(EC1116.07)
Establish an organization that encourages economic growth throughout Delaware and cultivates a new economy by creating and advocating for an entrepreneur/startup friendly business environment.

_________________________________________

Contract and Freelance Workers  (EC1116.08) Provide a compelling benefits package for entrepreneurs and freelance contract workers that would encourage them to establish a presence in DE.

_________________________________________

Purpose Built Communities (EC1116.10) Using Purpose Built Communities’ (PBC) proven model of successfully transforming crime ridden, high unemployment, economically depressed communities into vibrant, high achieving communities in Atlanta and 16 other American cities (Birmingham, Indianapolis, New Orleans, etc).

_________________________________________

Delaware FinTech (EC1116.11) Launch Delaware FinTech – a non-profit trade organization for professionals, entrepreneurs, investors, and support organizations that work in and around the financial technology sector.  The group would help Delaware’s FinTech sector and its regionally-situated professionals advocate, collaborate, expand, improve, and promote its capabilities to a global audience.

_________________________________________

Blockchain Center Development Act (EC1116.12) Blockchain Center Development Act – The Blockchain “distributed ledger” technology platform, with its transparency and speed, promises to have a major impact on several industries, including the financial services and insurance sectors.

_________________________________________

Large and Small Business (EC1116.13) Create an entity that would foster relationships between large and small businesses.

_________________________________________

Delaware Shop Local (EC1116.14) Form an online site called Delaware Shop Local with the help of these new tech programmers from Zip Code Wilmington.

_________________________________________

The Yiqi Investment Bank, Zip Code 19801 (EC1116.15) Delaware needs a Chinese Investment Bank to focus on bringing Chinese money to Delaware

_________________________________________

Smart Cities. Smart Wilmington (EC1116.16) Development of a Smart Cities Institute in Wilmington focused on best practices for Smart Cities worldwide

_________________________________________

Fisker 2.0 (EC1116.17) Bring Fisker back to the Boxwood Road plant.  Henrik Fisker was previously on board with the Delaware location and refurbishment of the Boxwood Road Plant — so why not again?

_________________________________________

Invest in Infrastructure (EC1116.18) Safe and reliable utility infrastructure can be critical in attracting new business and/or manufacturing to the state and investing in infrastructure significantly adds to job creation.

_________________________________________

Reinvent Delaware (EC1116.19) To reinvent Delaware by revitalizing large economically depressed neighborhoods beginning with Wilmington, Murder Town USA

_________________________________________

News Journal Structure (EC1116.20) Spin News Journal out to be a non-profit…. invest more in reporters.

_________________________________________

Textile Study (EC1116.21) Launch a Wilmington based investment in a feasibility study examining the re-invention of the $400B textile and apparel manufacturing industry within the United States.

_________________________________________

Pay-for-Success (PFS) funding mechanism in Delaware to spur economic development.(EC1116.22) Challenges: Job losses & brain drain in Delaware, Investment capital needed. Stimulation of small to mid-sized businesses.

Solution: Pay for success (PFS) Mechanism, initial funding from private sector, managing risk through personal income tax (PIT) payback after job creation.

_________________________________________

Virtual Reality (EC1116.23) Make Wilmington and Delaware the place in the country that opens its arms to creative uses of AR – so Microsoft and others come to Delaware to experiment and test.

_________________________________________

Mobile Team (EC1116.24) Build a Mobile Team of business professionals who go to all the public schools from 4-6 pm and teach workforce readiness skills: IT, time management, effective communications, negotiation, and case studies. Things the kids do not normally get taught day-to-day.

_________________________________________

Medicaid Covered Births (EC1116.25) 45% of birth deliveries in Delaware are paid for through Medicaid. As an indicator of children being born into poverty, the nonprofit community should target this metric in the years to come and seek to reduce this figure.

_________________________________________