economy

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B.F. Rich Windows and Doors is shutting its doors after 60 years of being in business.

The Ogletown company produced energy-efficient doors and windows.

But the Wilmington News Journal reports that the firm has been struggling for almost ten years and never recovered from the Great Recession that began in 2007.

So this week the company informed its 130 employees that it would be going out of business.

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DOVER, Del. (AP/WSCL) - Democrat John Carney has been sworn in as Delaware's 74th governor.
 
Carney and Lt. Gov. Bethany Hall-Long, also a Democrat, took their oaths of office Tuesday morning in a rain-soaked ceremony on the steps of Legislative Hall.
 

Official Photo

Challenges still lie ahead.

That was the assessment of Delaware Governor Jack Markell as he prepares to exit his office next week with the inauguration of Governor-elect John Carney.

During his final press conference touted progress in education and job growth.

But the biggest challenge facing his successor will be a budget shortfall of $350 million.

Markell said that the problem lies in the kind of revenue the state collects noting that money from personal income taxes has gone up.

governor's office

Virginia Gov. Terry McAuliffe is touting his record of a growing and diversifying state's economy.

But he warned lawmakers that progress could be undermined by socially conservative legislation on abortion and transgender issues.

McAuliffe's remarks came last night evening at the annual State of the Commonwealth, kicking off the start of the 2017 legislative session.

The Democratic governor asked lawmakers to work with him on helping the state become less dependent on federal defense spending.

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RICHMOND, Va. (AP) - Virginia Gov. Terry McAuliffe said the state's economy is improving and he won't have to cut as much from the state budget as previously thought.
    
McAuliffe told reporters that he and other state officials are "cautiously optimistic" about the direction of the state's economy, in part because of an increase in state payroll tax revenues in recent months.

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RICHMOND, Va. (AP) - Virginia Gov. Terry McAuliffe said the state's economy is improving and he won't have to cut as much from the state budget as previously thought.

McAuliffe told reporters Monday that he and other state officials are "cautiously optimistic" about the direction of the state's economy, in part because of an increase in state payroll tax revenues in recent months. The governor made the comments following a private meeting with state budget officials and business leaders.

creative commons

ANNAPOLIS, Md. (AP) - Maryland lawmakers will be getting a briefing on the state budget.

Analysts with the Department of Legislative Services will give an overview on Tuesday in Annapolis. They'll be speaking to lawmakers who are on legislative committees that focus on financial issues.

Somerset County Seal

The population of Somerset has begun to decline.

From 2010 through 2015 there was a drop of 2.7 percent according U.S. census data.

The Salisbury Daily Times reports that the only other Maryland county to see its population decline is Allegany at 3.3 percent.

The paper says it is not clear why there has been such a decline.

The county has lost nearly 10 percent of its businesses and employees.

Don Rush

DOVER, Del. (AP) - Legislation to increase Delaware's current $8.25 minimum wage by $2 over four years has passed the state Senate after generating heated discussion among lawmakers.

The bill cleared the Democratically-led Senate on an 11-to-8 party line vote Wednesday and now goes to the House.

To increase the bill's chances, chief sponsor Robert Marshall, a Wilmington Democrat, withdrew a provision that called for cost-of-living adjustments tied to Social Security benefit increases starting in 2021.

Don Rush

DOVER, Del. (AP) - Legislation to increase Delaware's $8.25 minimum wage by $2 over four years has generated sharp discussion in the state Senate.

Bill sponsor Robert Marshall of Wilmington tabled the bill Tuesday after lengthy debate, saying later he didn't know whether it had enough votes to pass.

Supporters say the measure will help struggling low-wage earners. Opponents say it will lead to businesses cutting jobs, hiring fewer workers and even leaving Delaware.

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