August 7, 2023 - Hartford Business Journal

Economy & Labor

🔒CT should invest $500M in summer/‘Opportunity Youth’ programs to boost talent pipeline

Connecticut is facing a substantial gap in its state labor force: our employers urgently need more residents prepared for the workforce.Presently, thousands of young people are not actively participating, including those who are finishing high school and not planning for college, or disconnected from education and employment entirely — years after high school completion.Helping connect […]

Politics & Policy

🔒Could downtown Hartford see its first homeownership opportunities in more than a decade?

While Hartford has added thousands of market-rate apartments to its downtown in recent years, there have been no new multifamily homeownership opportunities in more than a decade. That could change.

Politics & Policy

🔒Attempt to build and sell downtown Hartford condos ends with rentals — for now

While no condos have been added to downtown Hartford in well over a decade, there was a recent attempt.

Arts & Culture

🔒CT theater audiences return for Broadway hits, but ‘middle-of-the-road’ shows create ticket-sale challenges

Post-pandemic audiences are returning in various degrees to Connecticut’s largest presenting houses — The Bushnell in Hartford, Palace Theater in Waterbury and Shubert Theatre in New Haven.

Real Estate & Construction

🔒Lindsey Fortunato breaks mold by becoming CEO in male-dominated construction industry

Lindsey Fortunato grew up hearing about the family’s construction business around the dinner table every night. More than three decades later, she is CEO of Berlin-based Fortunato Construction.

Politics & Policy

🔒Eric Coleman sees lower energy costs, workforce development, arts and entertainment as keys to city’s future

A strong corporate base that invests in downtown Hartford and its neighborhoods is key to the city’s future revival, said Eric Coleman, Democratic candidate for city mayor.

Real Estate & Construction

🔒Slow residential market hurting real estate, banking, ancillary industries

The lack of residential homes for sale is having a negative impact on multiple industries, not just...

Real Estate & Construction

🔒With mortgage lending volume down, banks pivot to other products, services

Lower demand for residential mortgage loans and refinancings has prompted Connecticut banks to focus their efforts on other products and services — such as home equity and construction loans or even commercial lending — to weather the downturn.

Energy

🔒‘Serial Capital Raisers’: CT fuel cell companies need cash to keep pace with fast-growing technology

Connecticut’s two largest fuel cell companies are raising capital, or anticipating the need to do so, as the United States lurches into an emerging global clean-hydrogen market.

Bioscience

🔒Capital Crunch: Lack of IPO activity slows growth of CT’s bioscience, tech industries

A tiny flurry of Connecticut IPO activity in June of this year — as Branford-based biotech Azitra raised $7.5 million, and Westport’s Intensity Therapeutics sold shares worth $16 million — only served to highlight how quiet the markets have been so far in 2023.

Economic Development

August 7, 2023Edition

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