August 21, 2023 - Hartford Business Journal

Banking & Finance

🔒Amid industry growth in CT, colleges launch new fintech programs

Financial technology has been increasing in popularity as banks and other financial institutions look for ways to beef up their services, while businesses and consumers desire simpler ways to manage their funds — whether it’s using Kabbage for getting a loan, or Zelle for sending cash.Worldwide, the fintech industry generated $9 billion in revenue in […]

Economy & Labor

🔒Federal, state gov’ts put noncompete agreements in regulatory crosshairs

Perhaps the biggest development in employment law in 2023 is the federal government’s proposal to ban noncompete...

Banking & Finance

🔒Regulatory changes allow credit unions to broaden membership fields

Rocky Hill-based Nutmeg State Financial Credit Union is the first member-owned cooperative to attempt to expand its...

Banking & Finance

🔒Amid strong growth, KeyBank CEO Gorman sees more opportunity in CT; predicts ‘soft landing’ for economy

Nearly seven years after KeyBank gained a Nutmeg State presence through its $4.1 billion acquisition of First...

Banking & Finance

🔒Here’s how one CT business used an ESOP as a buyout strategy

In 2019, Rich Harper was anticipating retirement, and seriously contemplating the future of his successful HVAC sales...

Economic Development

🔒Private equity investment, lucrative membership model spur CT car wash boom

A local business owner recently bought and then sold a Hamden car wash property within six months,...

Economy & Labor

🔒More CT employers embrace apprenticeships to tackle labor shortages

After years of steady growth, Bethel-based Blackstone Industries now has 80 employees with room to add a...

Health Care

🔒LiveWell bets $50M campus renovation will pave way for future of dementia care

While many elder care facilities are struggling financially or even closing, dementia-focused LiveWell is in the midst...

Politics & Policy

🔒Arulampalam says homeownership, small business support, downtown amenities, and faster permitting could jump-start Hartford’s growth

Arunan Arulampalam has momentum heading into Hartford’s Sept. 12 mayoral primary vote, despite having the least political...

Banking & Finance

August 21, 2023Edition

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