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CT’s Jackson Lab bet delivered high-paying jobs, but broader commercialization payoff remains unclear

The Bar Harbor, Maine-based nonprofit has exceeded the hiring targets tied to nearly $290 million in state support for its Farmington genomic medicine facility, but Connecticut has yet to receive any royalty payments and direct startup creation has been limited to two spinouts.

🔒Hartford factory conversion seeks reset amid financing challenges

A defaulted $4 million city-backed loan and mounting costs have stalled Carlos Mouta's plan to convert the vacant former Whitney Manufacturing building into 235 apartments and commercial space, though Hartford officials say they remain committed to the Parkville redevelopment.

On Guard: CT companies beef up executive security as threats intensify

Connecticut insurers are among the companies expanding executive protection programs amid a heightened threat environment, with corporate boards increasingly treating those measures as governance safeguards rather than executive perks.
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Latest Stories

🔒Three-story mixed-use office building in Greenwich trades for $5.23M

A three-story mixed-use retail-office building in Greenwich has sold for $5.23 million, according to the town’s land records. CB Owner LLC, controlled by Brittany Bragg,...

NextEra-Dominion deal would put CT’s Millstone nuclear plant under new ownership

Connecticut’s largest power plant would change hands under a merger announced Monday, in which Florida-based NextEra Energy would acquire Dominion Energy, the owner of the Millstone Power Station in Waterford.

🔒East Hartford seeks $9M state grant to aid conversion of riverside office tower

East Hartford officials are angling for a $9 million state grant to help turn a vacant office tower overlooking the Connecticut River into hundreds...

🔒CT manufacturer expanding for submarine production boom

Defense production growth is fueling expansion at Oxford manufacturer RBC Bearings.

Movers & Shakers

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Career Opportunities

Project Development/Sales

Borghesi Building & Engineering, Co., Inc.
,
Torrington, CT
Base salary plus commission. Range $70,000-$170,000 per year.

Chief Financial Officer

Hoffman Auto Group
,
East Hartford, CT
$250,000.00 - $400,000.00
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Hartford seeks to fill key leadership posts as city enters new fiscal phase

Hartford Mayor Arunan Arulampalam’s administration is seeking to fill three key leadership positions as the city advances major initiatives and prepares for significant financial...

🔒Ansonia shopping center acquired in $8.4M deal

The 175,000 square foot center at 403-495 Main St. and 75 Tremont St. has struggled with vacancies in recent years.

New First County Bank CEO Mhatre focuses on digital investment, community banking model

New CEO Nitin Mhatre is preparing to upgrade Stamford-based First County Bank's digital banking capabilities and expand its use of artificial intelligence as the community lender competes for younger customers against larger institutions.

🔒Stratford approves cannabis company’s plan to build cultivation facility

The Stratford Zoning Commission has approved a West Hartford-based cannabis company’s plan to build a cultivation facility in Stratford adjacent to a production facility...
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Upcoming Events

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Latest Poll

Was CT’s roughly $290 million investment in The Jackson Laboratory worth it?

Fourteen years after Connecticut committed roughly $290 million to lure The Jackson Laboratory to Farmington, the nonprofit has exceeded its hiring targets and expanded its research footprint in the state.

But Connecticut has yet to collect any royalties from the lab’s intellectual property, and only two spinout companies have emerged — one now based in California, the other defunct.

Tell us what you think.

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County News

Hartford County

Banks remain bullish on apartments even as they keep closer eye on exposure risks

Some Connecticut lenders are scaling back new apartment deals amid concerns about concentration risk after multifamily loans more than doubled as a share of banks' overall portfolios over the past six years.
New Haven County

🔒Private equity-backed funeral home operator expands in CT as industry consolidation builds

Maine-based Milestone Funeral Partners recently acquired four Connecticut funeral homes, part of a broader national consolidation trend as aging family-owned operators face mounting pressure from rising costs and a lack of succession options.
Fairfield County

🔒Westport investment firm backs Shelton software company in acquisition deal

Westport-based Balance Point Capital Advisors has invested in Shelton software company The Edge as part of the business’ acquisition by California private equity firm...

Thought Leadership

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At Dime Bank, Times Change, Values Don’t

Since our founding back in 1869 to present day, Dime has provided loans, credit and other funding to many local companies and organizations across all of CT and beyond. From the railroads, local towns and school districts of yesteryear to the healthcare facilities, manufacturers and local business expansions of today, Dime has been there.