Machine

Wilmington machine company gets 1st state modernization grant

Betsy PriceBusiness, Headlines

A Wilmington machining company will use a new kind of state grant to offset the cost of $1.1  million in equipment upgrades. High-Tech Machine Co. Inc. received $219,525 from the new Modernization Investment Support Initiative, created earlier this year. The company will use the money to make almost $1.1 million in equipment upgrades that are necessary for computer numerical control …

Uvax Bio nanoparticle display platform

Vaccine company Uvax Bio sets $8M expansion in Delaware

Betsy PriceBusiness, Headlines

  A Newark vaccine company will spend $8 million to expand in Delaware, adding 63 jobs over the next three years. Uvax Bio, considered an early stage biopharmaceutical company with cutting-edge vaccine platform technology, has been headquartered in Newark since 2018. where it has five employees. Its platform has produced both COVID-19 and HIV-1 vaccine candidates. The new positions will …