small businesses wilmington de

DO YOURSELF A FAVOR!

I pretty much grew up Downtown in my family’s furniture business (H. Feinberg’s).  My parents worked 6 days per week, including Friday nights.  So, in the late ‘60’s and early ‘70’s when I was done with school and afterschool activities, I often found myself in the store.  But I wasn’t just in the store – I was in the neighborhood that was Downtown.  I often ate dinner at the counter at the Federal Bake Shop, where Francis and her sister would feed me and watch over me while my folks were working.  I made my rounds to visit with people that were first my grandparents’ and parents’ friends and just like family, but then became mine – the Simons at Wright & Simon, the Morris’ at A.R. Morris Jewelers, the Glicks at Foley Jewelers, the Jacobs at Lucille’s, the Harts at Al’s Sporting Goods, the Braunsteins, the Govatos’, and the Millers at Millers Furniture, among many others.  Many of these people are still my friends today,  

All of this happened because my grandfather, William Feinberg, famously made a decision in 1965 that renowned Delaware journalist Bill Frank would famously recount in a 1976 News Journal article entitled “The man who believed in downtown” that I still have framed in my home. 

Many do not know that in the 1960’s, Wilmington was seen as being in decline.  Mr. Frank discussed what would come to be known as the “Market Street Decision”, where my grandfather, despite being heavily recruited and incentivized, and unlike so many other Downtown merchants, chose to relocate his business to Market Street from King Street rather than to the suburbs and the new phenomenon of suburban malls.  He was quoted by Mr. Frank as saying “After all, how can I leave the city where I was born (at 6th and Poplar Sts.), and the city where my father started the furniture business (at 301 W. 2nd St.) back in 1901?”  This was rightly perceived as a victory for the vitality of Downtown Wilmington.  I have always been immensely proud of him for putting his money where his mouth was and betting his and my family’s livelihood on Wilmington, and that in large part explains my passion for this city and the Downtown district.

Many people in Wilmington during the latter part of the 20th century used to talk about whether Wilmington’s business district would ever come back.  We really don’t have that conversation anymore.  Through the vision and perseverance of many, Wilmington is back - re-envisioned, strong, and thriving.  Despite the pandemic, new businesses continued to open in 2020 and 2021, many of them Black and/or Female owned including:

And there is an impressive list of exciting things coming soon to Downtown Wilmington including: 

  • Bardea Steak | 608 N. Market St.

  • Boutique Hotel | 519 N. Market St.

  • Crosby Hill Apts. | 517 Shipley St.

  • Saville Apts. | 512 King St.

  • Westover Apts. | 901 Market St.

To this day I still look to shop small and local, and now maybe you understand why.  Nothing against the larger stores or Amazon, but I like to shop where I know it makes a difference.  This is by no means a one-way street – I also get personal service and get to visit with some of my old friends and make new ones.  While the pandemic has certainly taken its toll, growth and renewal is still the path, due to the perseverance of our businesses and so many of you finding ways to adapt and support them.  With the appearance of Omicron this winter, crunch time is here again to support our local businesses as safely as possible.  Please do what you can to safely support our Downtown community and eat in, get curbside or takeout, drink, shop in-store and online, attend shows, stay overnight, purchase gift cards, tip generously, support our nonprofits and make donations.  It will make a huge difference for each and every one of these neighborhood businesses.  At the same time, do yourself a favor – you won’t be disappointed!

Norm Pernick
Senior Advisor
Downtown Visions

New Resources for Small Business Relief & Recovery: January 2021

Downtown Visions is committed to helping our Downtown Wilmington DE establishments get back to business. A number of organizations have created funding opportunities in the wake of the pandemic to ensure our small businesses remain open for years to come. If you have any questions about which fund is right your businesses, don’t hesitate to contact us and we’ll do our best to point you in the right direction.

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DE Relief Grants Program has begun accepting new applications as of January 19th, 2020. This means that small businesses and nonprofit organizations that have not applied in earlier rounds will have the opportunity to apply for this relief program presented by the

For those who have already applied for the DE Relief Grants program, the Division of Small Business is continuing to process applications as quickly as possible.

Wilmington Strong Fund is still accepting applications for $1000 Grants! The Fund has provided in total $117,000 to Wilmington small businesses. The majority of grant funds have been distributed to low to moderate-income, minority-owned, and women-owned small businesses.

  • 67% of awards went to minority business owners

  • 51% went to women-owned businesses

  • 83% of grant recipients have revenues less than $200,000

Economic Injury Disaster Loan deadline has been extended by the SBA to apply for a COVID-19 pandemic December 31, 2021.

Loans are offered at affordable terms, including a 3.75% interest rate for small businesses and 2.75% for non-profit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. All eligible small businesses and nonprofits are encouraged to apply.

At Your Side Grant is a Small Business Grant Program providing grants of $5,000 to $10,000 on a competitive basis. The program will support brick-and-mortar small businesses in designated Main Street districts as they work to adapt to COVID-19 and prepare for the next phases of reopening across the country, while also helping to revitalize and strengthen older and historic commercial corridors.

Applications will open at 12pm on Thursday, January 21 and continue to be accepted through Thursday, January 28 at 7:59pm.

Ascent is a FREE learning program for Women entrepreneurs from the Small Business Administration. Women own or co-own 45% of all businesses in the United States. The majority are small, with great potential for growth in both revenues and job creation. That’s why the Small Business Administration has created Ascent and packed it with in-depth information to help you grow your business!

The Delaware Black Chamber of Commerce is proud to be the newest member of the National Black Chamber family! Joining the National Black Chambers will provide us with a platform to engage, educate and empower, established businesses, business owners, as well as future entrepreneurs. We will commit our resources of people, time, information and capital toward providing opportunities that create wealth and equity within our communities.

Minority Small Business Grants are an important source of money to small business owners and entrepreneurs. Grants to minority-owned businesses are key, not just to the businesses themselves, but to the overall economy. A recent analysis of Census Bureau data from 2017 showed barely 4 in 10 (41%) business owners were white males. Of the 30.5 million total business owners, 6.5 million were owned by men of color. To learn more about what grants are available for minority small business owner click on the link below.

Guide to women entrepreneurs on closing the gap. How to overcome obstacles as a female entrepreneur.

SCORE offers a list of startup resources as you learn what it takes to start a business or find a local mentor to help your business today.

Chamber of Commerce offers a free comprehensive Covid-19 reopening guide for small business owners and entrepreneurs. Included are guidelines and useful reopening resources.

Click to visit our previous blog with more small business assistance resources!


Need help completing your loan applications?

Small Business Development Center

The focus of the Delaware Small Business Development Center (DSBDC), is to develop and support entrepreneurship throughout the State of Delaware by free one-on-one counseling to understand their needs and assist them in a path forward. They offer free assistance to small businesses with business planning, financial services, marketing, and technology. To request a free session with a consultant from their Newark location, complete the form here.

True Access Capital

True Access Capital offers free assistance to small businesses with their loan application package, business planning process, and follow-up services. This assistance helps prepare potential borrowers for the application/underwriting process and it helps existing borrowers remain sustainable, once the loan has been made. To learn more about True Access Capital’s Technical Assistance services, email ctymes@firststateloan.org or complete a Request for Counseling Form

Delaware SCORE mentor

Delaware SCORE has been mentoring new and existing businesses for over 50 years and has a network of over 40 volunteers who donate their time to help entrepreneurs start new or improve existing small businesses and non-profits. SCORE Delaware's 40+ volunteer counselors' combined experience and knowledge could match most Business School faculties. Browse mentor profiles to find your ideal expert. Request a Delaware SCORE mentor.

FREE Holiday Shipping Offered From These Downtown Retailers

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Shop small this holiday season and support your favorite Downtown Wilmington DE retailers! Several establishments are even offering FREE shipping for all online purchases made through the end of the year. Simply shop online at the following local businesses between 11/1/20 and 12/31/20, and they’ll ship your purchases anywhere within the United States for free:

Every small purchase makes a big difference!

Small Business Resources for Relief & Recovery

Downtown Visions is committed to helping our Downtown Wilmington DE establishments get back to business. A number of organizations have creating funding opportunities in the wake of the pandemic to ensure our small businesses remain open for years to come. If you have any questions about which fund is right your businesses, don’t hesitate to contact us and we’ll do our best to point you in the right direction.

DTV_Resources_Graphic.png

At Your Side Grant is a Small Business Grant Program providing grants of $5,000 to $10,000 on a competitive basis. The program will support brick-and-mortar small businesses in designated Main Street districts as they work to adapt to COVID-19 and prepare for the next phases of reopening across the country, while also helping to revitalize and strengthen older and historic commercial corridors.

NCC Winter Ready Restaurant Grants offer independent locally-owned restaurants, as well as Delaware-based franchises, grants of up to $5,000 to winterize their establishments. Any dining establishment or restaurant with an active Temporary Commercial Outdoor Sales permit through the New Castle County Department of Land Use; or an equivalent temporary or permanent permit from the City of Wilmington or other municipality located in New Castle County is permitted to apply. Please submit questions to info@committeeof100.com. Applications are currently being accepted.

City Innovation Ecosystems Commitments Program will bring informal entrepreneurs into the formal economy and providing them with the resources to grow their businesses To support small businesses citywide and to develop a system that levels the playing field for access to resources, Mayor Mike Purzycki and City Council President Hanifa Shabazz formed a partnership with the Pete du Pont Freedom Foundation, and Wilmington Alliance to participate in the National League of Cities (NLC) City Innovation Ecosystems program (CIE). Wilmington Alliance and the Pete du Pont Freedom Foundation will lead the project through the Equitable Entrepreneurial Ecosystem Wilmington (E3, Wilmington). E3 Wilmington’s mission is to build a citywide strategic coalition of partners designed to identify, vet, incubate and accelerate the launch of new businesses, with targeted focus on Black and Brown entrepreneurs.

WEDCO COVID-19 Loan Program is providing loans of up to $25,000 for small businesses impacted by the coronavirus pandemic. Funds may be used to support operating expenses, enabling businesses to stay open; Change how the business operates, such as a sit-down restaurant implementing the new Delaware safety requirements or adding takeout and delivery options; or to Help small businesses restart. To apply, contact the Wilmington Economic Development Corp at info@wedco.org or visit their website for more information.

DE Relief Grants offer small businesses and nonprofit organizations grants of up to $100,000. A joint effort between the State and New Castle County, and administered through the Division of Small Business, DE Relief grants will assist Delaware small businesses and nonprofits impacted by the COVID-19 pandemic. The funds for the program come from the federal CARES Act.  DE Relief Grants can be used for purchasing equipment to make a workplace suitable for COVID-19 safety; refinancing of debt incurred due to COVID-19 (including State of Delaware HELP loans); advertising efforts undertaken as a result of COVID-19; and fixed expenses the applicant accrued during COVID-19.  For more information, including a webinar about the program, and to submit an application, please visit the link below. The program has begun accepting new applications as of January 2021.

Hospitality Emergency Loan Program (HELP) provides funds to Delaware businesses and nonprofits in the hospitality industry that were most significantly impacted by Coronavirus. It will make available no-interest loans of up to $10,000 per business per month. *Must have been open at least one year.

Wilmington Strong Fund is offering $1,000 grants to small businesses located within the City of Wilmington as recovery for COVID-19 and the recent civil unrest. The Fund has provided in total $117,000 to Wilmington small businesses and is still accepting applications. For questions or more information please reach out to GLantieri@westsidegrows.org.

HartBeat of America is a Main Street Grant Program that helps small business owners respond and adapt to the COVID-19 pandemic, and also help to revitalize and strengthen older, historic downtown commercial districts. Grants of $5,000 to $15,000 will be awarded on a competitive and first-come, first-served basis. At least 50% of grants will benefit diverse-owned businesses, as defined by the SBA as a minority, woman, veteran, disabled, and/or LGBTQ-owned.

True Access Capital Small Business Relief/Recovery Loan Program is offering loans up to $20,000 for small businesses unable to take advantage of Federal and State relief programs for operating expenses and retooling to meet safety requirements. Loans are at 3% and may be deferred payment for up to 12 months.   For more information contact Barbra Willis at bwillis@trueaccesscapital.org or call 302-652-6774, ext. 113.

Urban Development Action Grants – The City of Wilmington’s EDO has been working with UDAG to assist businesses impacted by the recent civil unrest. Questions should be directed to Sean Park at (302) 576-2131 or via email.

FINANTA Emergency Loans is a Philadelphia-based nonprofit that serves Delaware and is offering emergency loans from $5,000 to $15,000.

Local Initiatives Support Corporation (LISC) Small Business Relief Grants provide COVID-19 relief for rent & utilities, payroll, outstanding debt to vendors, and technology infrastructure for remote delivery.  The Round 6 application period is now open. Click here to apply. Your application must be submitted by Monday, September 7th, 11:59 p.m. ET.  Before completing the application, please review the Grant Information and FAQ.  Sign up for notifications for the new rounds by clicking the link below.

Victims’ Compensation Assistance Program (VCAP) is for businesses that were damaged or vandalized during civil unrest.  The program assists Delawareans with crime scene cleanups (up to $1,000) and personal safety property (up to $1,500). If you or someone you know is in need of assistance, please call VCAP at (302) 255-1770.


Other Resources

U.S. Small Business Administration (SBA) provides information on the Paycheck Protection Program loan, Economic Injury Disaster Loans, Debt Relief, other resources to support you.

  • Paycheck Protection Program (PPP):  The PPP is an SBA-backed forgivable loan that has helped small businesses and non-profits continue to pay their employees during the COVID-19 outbreak. The SBA is releasing more Paycheck Protection Program funding as of January 2021!

  • Economic Injury Disaster Loans (EIDL):  EIDL helps small businesses with loans that can be used to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disaster.

  • SBA Express Bridge Loans: These loans allow small businesses who already have a business relationship with an SBA Express Lender to quickly access up to $25,000.

Downtown Development Districts (DDD) Rebate Program was created to leverage state resources to spur private capital investment, stimulate job growth, improve the commercial vitality of our cities and towns, and to help build a stable community of long-term residents in our downtowns and neighborhoods. Approximately $12 million in rebate funding is currently available to qualified investors. Additionally, historic tax credits and other local and state incentives are available to investors. Visit DSHA’s to download the new Fall 2020 DDD Rebate Program Guidelines and revised application materials here.

Chamber of Commerce offers a free reopening guide for small business owners and entrepreneurs. Check out the COVID-19 Reopening Guide for Small Businesses.

EDGE Grant matches grants to young Delaware small businesses through on-going rounds of a competitive selection process. STEM-based companies can receive up to $100,000 for eligible expenses, and other businesses can get up to $50,000.

Delaware Capital Access Program and State Small Business Credit Initiative Participation Loan provides financing to businesses deemed too risky for the traditional banking model due to minor collateral or credit issues.

Barclays Bank invites businesses within the City of Wilmington to compete in their annual Barclays Video Pitch Competition, similar to ABC Shark Tank & NCCC Swim With The Sharks. There will be at least five winners with the Grand Prize $5,000, possibly along with a professionally produced video that is intended for marketing.  To apply, you must submit a 1-2 minute video about your business, how it would use the funds, and how it would contribute to our community and customers. The application deadline is September 1, 2020. For more details, please contact Will Minster wminster@westendnh.org302-658-4171 ext 142 or Kristin Bowen kbowen@westendnh.org  regarding the pitch requirements or process.

*Updated as of 1/25/2021. Funds may have since been depleted. Please contact the organizations directly for specific questions.

Crisis Resources for Small Business Owners

Hospitality Emergency Loan Program

To assist hospitality-related businesses in Delaware that have been economically impacted by COVID-19, the Division of Small Business has launched the Hospitality Emergency Loan Program (HELP). This program makes available no-interest loans of up to $10,000 per business per month and is open to businesses with less than $1.5 million in annual revenue and have been operating for at least 12 months.

The loans are intended to help the estimated 2,700 affected Delaware businesses in the hospitality industry cover immediate, unavoidable expenses over the next few months.

Small Business Assistance

Delaware was approved for an Economic Injury Disaster Declaration from the U.S. Small Business Administration. These loans assist small businesses, nonprofits and more, in meeting ordinary and necessary financial obligations that cannot be met as the result of a disaster, in this case, COVID-19.

You can apply for a loan through the program here and to view terms of the loans, interest rates and more, please visit this site.

Please gather or complete these materials for your application which will be available online later this week.

Unemployment Update

The Department of Labor announced adjustments in unemployment rules for hospitality workers due to COVID-19. These adjustments will permit hospitality employees to earn part-time income while collecting benefits, provided employees can demonstrate decreased hours and earnings. The Department of Labor is working to make benefits available within one week of a claim being received.

Learn more here.