Nov. 25, 2024Edition

Energy

🔒After awarding $48.4M in benefits, PURA temporarily suspended energy storage incentives program

Connecticut’s Energy Storage Solutions (ESS) program is one of two state initiatives that provide incentives to developers of battery energy storage facilities.The other program, a 400-MW procurement through the state Department of Energy and Environmental Protection, has not yet approved any projects.But the ESS program, geared toward small-scale commercial and residential projects, has been so […]

Education

🔒Three priorities for Congress in the lame duck session

After a long and brutally divisive election season, Congress now returns to Capitol Hill for the final...

Banking & Finance

🔒Bordonaro: Lawmakers must protect fiscal guardrails

Connecticut received some positive economic news earlier this month when analysts projected a rosier outlook for state...

Energy

🔒As CT plans for clean-energy future, 800 MW of battery energy storage is in pipeline – but projects face regulatory hurdles and delays

More than two dozen large-scale battery energy storage projects have been quietly proposed across Connecticut, and are...

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Economic Development

🔒Randy Salvatore recruits sons to modernize, streamline his growing multifamily development empire

Randy Salvatore was a high school senior in 1986 when he bought his first rental property.Salvatore, then...

Economy & Labor

🔒As population ages, CT’s chronic disease hospital sector set to double in size with new market entrants

A recent land sale in Waterbury’s East End has set the stage for a noteworthy increase in...

Manufacturing

🔒CT is home to one of U.S.’ last remaining wool textile mills; American Woolen’s CEO wants to build a garment industry cluster in Hartford

“The fiber pool in America is bigger than you think,” says Jacob Long, gesturing to the enormous...

Education

🔒Former gymnast’s path to founding $16M (and growing) virtual medical assistants business had twists and turns

When Beth Lachance was a student at Bristol Eastern High School, she was a nationally ranked gymnast...

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Politics & Policy

🔒Lamont to decide on reelection bid after legislative session ends

Gov. Ned Lamont says he’s in no rush to decide if he will seek a third term...

Politics & Policy

🔒As he prepares for his 7th year as governor, Lamont determined to maintain budget restraints

As the Connecticut General Assembly prepares for its 2025 legislative session, Gov. Ned Lamont says he has...

Health Care

🔒New Haven construction company finds niche converting defunct nursing homes into market rate apartments

Connecticut’s housing shortage is forcing developers to find creative ways to build new stock.While the office-to-apartments trend...

Economy & Labor

🔒New Britain-based Stanley Black & Decker warns Trump’s tariffs could cost it $200M a year

New Britain toolmaker Stanley Black & Decker announced details of its plan to mitigate higher costs from...

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Manufacturing

🔒Raising cash for growth, Kansas-based Enjet Aero completes $6.3M sale-lease back of Manchester industrial building

A Kansas aerospace manufacturer that acquired Manchester-based Spartan Aerospace in 2022 recently sold that company’s 66,000-square-foot industrial...

Banking & Finance

🔒CT cannabis company secures $40M revolving credit facility from ‘major commercial regional bank’

Are federally insured banks warming up to the cannabis industry? A recent deal announced by a major cannabis...

Energy

🔒CT startup raising $2.5M to develop heavy-duty fuel cell engine

A Groton-based company developing a fuel cell engine for heavy-duty vehicles – an emissions-free alternative to a...

Energy

🔒Developers behind Noble Gas brand buy Orange industrial property slated for redevelopment

A development team that has ambitious plans to grow their rapidly evolving line of service stations has...

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