With construction workers deemed essential in Delaware, the University of Delaware’s FinTech building started construction in April while most projects in nearby states were shut down. The $38 million project on the school’s Science Technology and Advanced Research Campus in Newark remains on target for a November 2021 completion. University staff has been in charge of monitoring the contractors to make sure they are following the state’s health guidelines.
The six-story, 100,000 square-foot building will house labs and centers for the university’s College of Engineering and Alfred Lerner College of Business and Economics and the school’s Office of Economic Innovation and Partnerships. Delaware’s Small Business Development Center will move there, and there will be space for startups, as well. The goal is for the building to be a center for financial technology and a place where students, faculty, and local entrepreneurs can collaborate.