February 3, 2023 - Hartford Business Journal

Advertising, Media & Marketing

🔒‘Message, I care’: Actions, not words, make valuable community connections

Looking back at President George H.W. Bush, most would agree he was a remarkably effective leader in deed — but not in word. Bush often joked, at his own expense, […]

Economic Development

🔒Tightening money supply dampens development prospects

The effects of the tightening money supply, in concert with the economic challenges that led to it, are prompting some developers to pause or retool their plans.

Insurance

🔒With Goldman Sachs roots, Global Atlantic Financial Group bullish on Hartford expansion

Last year, New York-based Global Atlantic Financial Group added 325 workers across its nine offices, including 75 new hires in Hartford. It currently has about 240 employees who report to the Gold Building, but after the next hiring wave it will have over 300.

Manufacturing

🔒From dirty radiator shop to 78K-sq.-ft. newly acquired industrial space, Joining Industries rose from humble beginnings

Last year, Joining Industries — the parent of three separate companies — bought two buildings with more than 78,000 square feet of combined space to house a growing workforce of 110 employees.

Economy & Labor

🔒New ad campaigns, college programs aim to bolster CT’s manufacturing workforce

As industries continue to search for workers to fill open positions, the state recently launched a new marketing campaign it hopes will encourage more people to consider fields such as manufacturing.

Retail

🔒Changing of the Guard: Meet the lobbyist backing package stores in their toughest political fight yet

In her second year leading Old Saybrook-based Hughes & Cronin Public Affairs Strategies and the Connecticut Package Stores Association, Jean Cronin is facing perhaps one of her biggest political fights yet.

Economy & Labor

🔒As labor shortage drags on, companies continue to ramp-up employee benefits

With workforce shortages still plaguing countless industries — Connecticut employers reported 102,000 job openings in November — some companies are continuing to ratchet up employee perks, including offering benefits that remain far out of reach of most workers.

Health Care

🔒Support grows for association health plans as small employer insurance costs soar

ConnectiCare’s recent exit from the state’s fully insured small group health insurance market may have given new impetus to an old idea that’s previously hit serious opposition at the state Capitol: association health plans.

Sports & Outdoors

🔒Recreational sports facilities sprout in Greater Hartford

Connecticut has a number of venues for watching live sporting events like Rentschler Field, the XL Center,...

Accounting

🔒Accounting firms struggle to attract, retain talent as tax season opens

Demanding hours, increasing complexity of tax law changes and more desire for work-life balance — especially among early-career employees — have all been contributing factors in the accounting sector’s workforce woes.

Accounting

🔒Effective tax rate on cannabis companies ‘can be fatal’; proposed bill would offer relief

Cannabis retailers’ effective tax rate can be as high as 80%, said Sarah Westby, co-chair of Shipman & Goodwin’s cannabis industry practice. That’s largely because marijuana companies are unable to deduct their business expenses — such as rent and employee salaries — from their state and federal tax returns.

Accounting

February 3, 2023Edition

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