The Port of Blyth (PoB) and Delaware Prosperity Partnership (DPP), the lead statewide economic development organization for Delaware, have signed a cooperative agreement to leverage the strengths of both organizations to foster innovation, facilitate market expansion and enhance workforce capabilities.

The five-year memorandum of understanding (MOU) outlines areas of action for a partnership that will enhance the visibility of both DPP and the Port of Blyth while also supporting economic growth for Delaware and the North East of England.

The agreement aims to drive mutual benefits through potential economic development, knowledge sharing, promotion and consulting services.

“The Port of Blyth is one of the leading ports in the world that really know how to handle companies in the energy transition space, and DPP is eager to tap into its expertise,” said Kurt Foreman, President and CEO of DPP.

“Formalizing our cross-Atlantic relationship will allow DPP to leverage the port’s considerable capabilities and experience and enhance our ability to assist companies from Delaware and abroad, build further connections and, where possible, aid in creating more jobs and more revenue both here and overseas.”

Representing DPP at the signing on-site was DPP Global Advisor David Smallman, who worked with DPP Director of Innovation Noah Olson to craft the agreement.

Representing the Port of Blyth was PoB CEO Martin Lawlor.

“We look forward to working together with DPP to share best practices and explore new markets,” said Lawlor.

“The signing of the MOU reflects a strong commitment to building a collaborative framework that prioritizes mutual benefits, innovation, and sustainable growth for both the Port of Blyth and DPP.”