Articles in category: Connecticut News
The relicensing process with the Federal Energy Regulatory Commission also includes the Turners Falls Hydroelectric Project, also owned by Connecticut-based FirstLight.(Read Full Article)
Quincy, Mass.-based Grossman Cos. in partnership with Summit Development and Ameritas Life Insurance Corp., has purchased 349 Lake Road in Killingly, Conn. for $3.2 million. The property, near I-395 and the Massachusetts and Rhode Island borders, includes 40 acres of developable land and a mostly vacant, 210,000-square-foot industrial building. Plastics Color & Compounding, the previous owner, purchased the parcel in 1999 for $5 million, according to real estate tracker The Warren Group.(Read Full Article)
Site Selection magazine has selected Northeast Utilities among the annual Top Utilities in Economic Development, based on the following mix of objective and subjective criteria.(Read Full Article)
A new list of the world’s top 25 biotechnology companies, by market cap, includes four from New England. The list, compiled by Genetic Engineering and Biotechnology News, also includes companies from New England, California, India, Germany, Ireland and Switzerland.(Read Full Article)
Mayor Rahm Emanuel of Chicago, Mayor Tom Barrett of Milwaukee and Mayor Karen Freeman-Wilson of Gary each committed to take part actively in a Tri-State Alliance being formed by the Chicagoland Chamber of Commerce to remain competitive in a global economy. citiwire.net reports similar regional alliances are "modeling smart approaches" similar to this Tri-State Alliance, including the Hartford-Springfield Economic Partnership's (HSEP) Knowledge Corridor. The article uses the New Haven-Hartford-Sprigfield Rail project as an example of these smart approaches because it will link the Knowledge Corridor's business, educational and cultural opportunities as far south as New York and ...(Read Full Article)
Sales of existing homes in the Northeast increased by 10.6 percent in the second quarter compared to a year ago while median prices fell, according to the National Association of Realtors. The upward trend in volume is reflected in all regions of the U.S. But a lack of inventory, notably in lower price ranges, is limiting buyer choices nationwide, according to the NAR’s latest quarterly report. At the end of the second quarter, there were 2.39 million existing homes available for sale, 24.4 percent…(Read Full Article)
Every state has natural trading partners. Texas sends a lot of stuff to neighboring Mexico. Michigan favors Canada. The state of Washington likes to send its products across the Pacific.
The Atlantic economy features a lot of trade in high-tech gadgets: computers and electronics, aviation equipment and pharmaceutical devices.
But New England doesn't just trade across the Atlantic. Mayer pointed out that Europe has also heavily invested in New England companies: major banks in New England are European-owned, the largest supermarket, Stop and Shop, is Dutch-owned. European companies have also started buying up Boston-area biotechs.(Read Full Article)
Connecticut's biggest utility is using a helicopter to help string new high-voltage transmission lines for a Connecticut and Massachusetts transmission line upgrade.(Read Full Article)
Team New England's Dave Driver helped coordinate state and regional marketing efforts at the international Farnborough (U.K.) Air Show, a business-to-business event in England featuring 1,500 exhibits from 16 states and 46 countries vying for new aerospace business. The show hosted 300,000 visitors with some $72 billion worth of contracts signed as of the end of the five-day event. Specifically, Driver accompanied Connecticut Economic & Community Development Commissioner Catherine Smith and 14 Conn. manufacturers in search of new aerospace contracts and overseas companies that want to launch new operations in the United States. Connecticut firms showcased their ...(Read Full Article)
- A new terminal with 19 gates has been proposed for Bradley International Airport, significantly expanding the regional airport serving Connecticut and western Massachusetts. (Read Full Article)
Congratulations to the NWCT Regional Planning Collaborative - the 2012 recipient of the Connecticut Light and Power Co. Award for "outstanding contribution to main street revitalization"
The Northwestern Connecticut Regional Planning Collaborative (NWCT) has been recognized by the Connecticut Main Street Program for its commitment to main street revitalization. The eight communities in the collaborative are concerned about the vibrancy of their downtowns have come together to demonstrate the grassroots interest, professional planning and Connecticut Main Street Program's principles at work.Over the last six months, the NWCT has also raised an additional $51,000 to carry out Village Center Vitality initiatives in its member towns and has worked with local business groups and stakeholders to: Secure $32,000 in new funding to support local ...(Read Full Article)
Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology-based innovation and economic development, today announced that it is now accepting applications from entrepreneurial teams interested in participating in the fall TechStartSM Accelerator Program. Applications will be accepted through August 15, 2012. For more information about TechStart, visit www.ctinnovations.com/TechStart.(Read Full Article)
388 Acre Expansion Creates Opportunity for Growth of Duty Free Business Activities around Bradley International AirportWindsor Locks, Windsor & East Granby, CT – The newly expanded Foreign Trade Zone 71 (FTZ 71), located adjacent to Bradley International Airport, in Windsor Locks Connecticut, recently grew to 405.5 acres from its existing 17.5 acres, creating the opportunity to attract larger businesses into the region and facilitating the growth of existing businesses within the zone. For more details about the expansion, visit Griffin Land's news at http://www.grifland.com/grif_land_news_FTZ71.html.(Read Full Article)
- Western Massachusetts Electric Company employees will be departing early Monday morning to assist the hundreds of thousands of customers who remain without power in the wake of fierce storms that passed through the Midwest and Mid-Atlantic regions on Friday. (Read Full Article)
The biopharmaceutical company Alexion Pharmaceuticals has become the fourth company to take advantage of a state job creation incentive program.(Read Full Article)
Gov. Dannel Malloy announced the First Five program, which offers in incentive for the first five companies to bring 200 jobs or more to Connecticut, after taking office.
Alexion, a company with its current global headquarters in Cheshire, has outgrown its existing space and will establish its global headquarters at a new facility to be built in New Haven by 2015.
Malloy said the company will relocate its existing Connecticut workforce of more than 350 employees to the facility once ...
Conference hotel rooms filling fast – register and reserve yours now! July 24-26Mohegan Sun, Uncasville, Conn. Participate in one-on-one meetings with federal agency representatives and learn about their specific research and product needs for the coming yearHear insights from program managers from DOD, DOE and NIH – the three largest SBIR agencies, accounting for more than 75% of SBIR funding – regarding agency priorities, budgets and moreGain a better understanding of the impact of SBIR ReauthorizationPresent your innovations directly to major corporations and organizations looking for technology and manufacturing partners PARTNERS INCLUDE:PPG Industries and Department of Agriculture have confirmed their participation. Two ...(Read Full Article)
In an effort to support Connecticut's two-year, $27 million Still Revolutionary campaign and re-branding initiative, Northeast Utilities, in partnership with CBIA and the MetroHartford Alliance, is sponsoring a contest, !nnovateCT, to celebrate the revolutionary inventions of Connecticut’s residents and companies. Please take the time to submit your innovations or submit innovations you know of, even if they aren't your own. Submissions from all over the State are eligible and winners will be chosen monthly. It doesn’t matter if your innovation was 115 years ago, 15 days ago or 15 minutes ago – if it was created in ...(Read Full Article)
Share on emailShare on printShare on redditMore Sharing Services Hartford-Springfield Groups Land $4.9 Million Grant for Health Care Training
Connecticut and Massachusetts economic groups recently received a $4.9 million federal grant to train nurses and other health workers as hospitals evolve and demand for services increases.
The U.S. Department of Labor gave the grant jointly to the Capital Workforce Partners in Hartford and the Regional Employment Board of Hampden County in Springfield, Mass., to develop a training program for nurses, medical coders and technical positions.(Read Full Article)
Presentation from the Hartford-Springfield Economic Partnership 2012 “State of the Region” Conference
"State Collaboration and Our Region's Future," The Hartford-Springfield Economic Partnership 2012 "State of the Region" Conference was held today. Conference highlights included addresses by Gregory Bialecki, Secretary, Massachusetts Executive Office of Housing and Economic Development and Catherine Smith, Commissioner, Connecticut Department of Economic & Community Development.(Read Full Article)
- Leaders from Western Massachusetts and Connecticut meet for the 2012 State of the Region conference in Enfield, Connecticut. (Read Full Article)
Connecticut On-line Computer Center Inc. has landed an additional $500,000 in equity financing, according to federal documents. The Avon, Conn.-based provider of IT services for banks and credit unions amended its first offering of $1.09 million filed in April.(Read Full Article)