DuPont Rises On Plan To Split The Company

Map of Delaware (Photo credit: Wikipedia)

Shares of DuPont Co. rose modestly this morning to above $65.50 — a 13-year high — after last night’s announcement that the Wilmington-based chemical giant plans to spin off its profitable but volatile Performance Chemicals business, and its related fluorochemicals and titanium-dioxide (white-paint-base) factories, including a TiO2 plant at Edge Moor, Del., over the next year and a half. The new company will have sales of around $7 billion a year, vs. $28 billion for what’s left of DuPont.

Read more at http://www.philly.com/philly/blogs/inq-phillydeals/DuPont-rises.html#O1lLQVZKVo1HmYO2.99

Economic Development Coalition Begins Long Journey To Revive Greater Reading

Map of Pennsylvania highlighting Berks County (Photo credit: Wikipedia)

What should Berks County’s economy look like in 10 or 20 years?

That’s what eight economic-development and workforce groups explored when they collaborated on the Ride to Prosperity report three years ago. The group wanted to create a greater Reading where residents are more prosperous and happy to live here, where businesses are more innovative and there’s more opportunities.

To start the work, the group filled the report with specific action items that could be done in three to five years.

Three years later, the group has checked some big items off the weighty to-do list.  Berks Park 78 became shovel-ready and attracted three tenants.  A fast-track development program has moved several projects through an express-lane approval process.  Key players stress the importance of eight economic and municipal groups working together for a common goal: a stronger and prosperous economy.

Read more:  http://businessweekly.readingeagle.com/economic-development-coalition-begins-long-journey-to-revive-greater-reading/