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WILL and COMMITMENT That’S What It’S Going to Take to Bring DEEP DIVE DELAWARE Back Riverside

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WILL and COMMITMENT That’S What It’S Going to Take to Bring DEEP DIVE DELAWARE Back Riverside SPOTLIGHT: Del. can't remain the only state without air service forever September 17, 2019 | Vol. 6 • No. 19 | $2.00 | DelawareBusinessTimes.com 17 Wesley President: We're on the right track 3 WILL AND COMMITMENT That’s what it’s going to take to bring DEEP DIVE DELAWARE back Riverside. Deep Dive on page 7. Neighborhood Revitalization New DSU President is where he's always wanted to be 6 Del. retains 1/2 of Barclays staff asked to move to NJ 32 Photos by Max Osborne Parting Thoughts with Joe Yacyshyn Joe Yacyshyn retires with a legacy of community service and mentoring 35 2 September 17, 2019 DELAWARE BUSINESS TIMES DelawareBusinessTimes.com WE LOVE THE VIEW On Thursday, September 12, WHYY officially opens our new Wilmington location at 605 N. Market Street. WHYY has had a home in Wilmington since 1963 and our new space in the heart of downtown brings us closer to the hub of business and cultural life. While our address may have changed, one thing hasn’t: WHYY’s commitment to sharing in-depth, trusted news and information about issues in the First State on TV, radio, online and at events. Engage with influencers and innovators each month at WHYY’s Lunch Hour! Register at WHYY.org/lunchhour DelawareBusinessTimes.com DELAWARE BUSINESS TIMES September 17, 2019 3 Wesley president Clark addresses rumors, Founded 2014 says school is on track for future success A biweekly newspaper serving Delaware’s business community. Vol. 6, No. 19 dated September 17, 2019 Copyright © 2019 BY PETER OSBORNE by Today Media, all rights reserved. DBT editor This newspaper or its trademarks may not be reproduced in whole or in part in any form or by any means electronic or mechanical, Wesley College President Bob Clark is well aware including photocopying or recording, or by any information storage of the challenges that colleges — from small private and retrieval system now known or hereafter invent without written permission from the Publisher. For licensing, reprints, schools like his to larger university systems — are facing e-prints, plaques, e-mail [email protected]. due in large part to declining enrollment. He’s also heard the rumors swirling lately about his own Dover-based school, but points to a recent observation by Dover CEO/President Robert F. Martinelli Councilman Bill Hare who, when asked if he’s heard Publisher about Wesley’s challenges, responded “You’ve heard Wesley College President Bob Clark. | Photo by Eric Crossan Associate Publisher Fay Steiger that for the last 20 years.” But the talk persists, including complaints about Editor Peter Osborne Wesley redirecting $1.375 million in state funding undergraduate enrollment, like almost all small colleges, Associate Editor Alex Vuocolo earmarked for renovations to the Dover Public Library and it’s been on a decline. Not anything against the Research, Digital, and Mike Rocheleau to help meet operational expenses (Wesley reported schools. It’s just there’s a lot of students that are at the Engagement Editor $49 million in expenses in FY 2016, the most recent point coming out of high school that for whatever Copy Editor Al Kemp data that’s publicly available). Other rumors center reason are choosing to go into higher ed and the on Clark looking to merge with other institutions numbers are smaller. It will be down again this year. Vice President of Charlie Tomlinson We have not been able to turn that around. But the Business Development and on the school’s spending levels. Enrollment has been declining for a few years, glass is half full. On the graduate side, we not only Digital Sales & Karen Martinelli turned around, we’re almost close to vertical. Marketing Manager particularly on the undergraduate side. According to Wesley’s website, its undergraduate enrollment was We focus a lot on the needs of the state as we look Multi Media Lena Thayer at programs and services and the return on investment Account Executives Carol Houseal 1,228 in the fall, down 219 from the year before and 372 from ve years prior. Of those 1,228 students, to the Delawareans we serve. For example, our nursing Program & Events Moriah Canty 1,125 were full time. And Clark concedes it will program is one of the tops in the state and we provide Coordinator drop again when they report numbers next month. a large portion of Delaware’s health care force. Our Marketing & Kierstin Anderson Clark is the former Commandant of the U.S. Naval Masters of Occupational erapy (which Wesley started Events Coordinator Academy and came to Wesley in 2015. As a former when Clark arrived at the university four years ago), Production Manager Donna Hill military ocer, he’s not dicult to nd or talk to, and in is the only one in the region. And that is one of the Art Director Chris Johnson an interview last week, he was open about the challenges most-in-need professions in the country. and the task ahead. Wesley doesn’t have an endowment A lot of that is dictated by the accreditation. For Graphic Designers Eric Bolis example, this last year we had roughly 400-500 folks Rosalinda Rocco to get it through tough times, so he is pursuing other Shelby Mills options to preserve an institution he sees as critical to vying for 40 slots. Our certication exam pass rate was well over 90%, which is an order of magnitude Director of Digital Strategy Greg Mathias the state. higher than the national average. Our rst class from Founding Publisher Sam Waltz Early in the interview, he referred back to his military experience and the importance of “making sure your our master’s of occupational therapy program just Today Media, A Martinelli Holdings LLC team feels they have a voice and they’re empowered,” went through theirs and the pass rate was 100%. President Robert F. Martinelli quoting from “Meditations” by Marcus Aurelius when How do you accomplish your mission? First of Vice President Ralph A. Martinelli he said, “What does not benet the bee does not benet all, you have to be scally ecient. You look around Secretary-Treasurer Richard Martinelli at everything from how do you do consumables to the hive either.” what type of lights you use across the board. You In Memoriam at’s where his conversation with DBT Editor Peter Chairman Angelo R. Martinelli (1927-2018) have to expand revenue sources because small schools Osborne began. It has been heavily edited for length are tuition-driven. When undergraduate enrollment Advertising Information and clarity in the paper. [email protected] goes down, revenue goes down. Your expenses at the What’s your mission and how do you plan to 302.504.1276 least are going to go up a little bit with in¡ation. at accomplish it? Provide our students the best educational Subscription Information model doesn’t work. We’re looking for partnerships, experience possible so that they can make a positive DelawareBusinessTimes.com/Subscribe collaborations, and changing our business model. 800.849.8751 contribution to the communities that then they’ll go on to How do you buck the trend of other schools closing serve and then meet the educational workforce needs of our To submit press releases or story ideas down? To be frank, a lot of people would say that on [email protected] city, state, and region while providing a pathway through paper, “Wow, they’re much better o¢ than this little partnerships for alums to remain and prosper in our state. Daily Newsletter school in Delaware.” Sign up for our daily newsletter, delivered to your e-mail I think the narrative around higher education today I knew exactly what I was getting into when I came inbox at DelawareBusinessTimes.com/Newsletter. is wrong. It doesn’t re¡ect really the desired e¢ect that here. What Bill Hare said about Wesley having challenges Events we as a society want. For me, it’s what we do. And that’s for the past 20 years, that is part of the school story. The Delaware Business Times hosts a number of events what I meant in terms of pathways through partnerships, each year. View the schedule and register for events For all practical purposes it’s basically revenue-driven. keeping kids here. A lot of people don’t realize this, at DelawareBusinessTimes.com/Events But I also understood the opportunities. I saw the but over 50% of my students are Delawareans. But people here, the faculty, the sta¢ who have dedicated even more important, more than 80% of my graduates their lives to these young men and women. A lot of our stay here. So, talk about a return on investment. e Delaware Business Times (USPS 21760, ISSN 2639-8087), students, second generation, a lot of our students come Vol. 6, No. 19 dated September 17, 2019 is printed 26 times per year folks that come to Wesley and get educated with the here because they may have tried somewhere else and by Today Media, 3301 Lancaster Pike Suite 5C, Wilmington DE 19805 partnerships and the support that surrounds our state. and is available by subscription for $39 per year. Periodicals postage they succeed. So, we change lives. So, how do we buck paid at Wilmington, DE and additional mailing offices. Single copy/ at’s a great thing about our state. It’s small, it’s that trend? We have to be a little bit more proactive back issues are available at the cover price of $2 plus $2 shipping and inclusive and it’s family. e students then stay here and than reactive.
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