February 5, 2024 - Hartford Business Journal

Energy

🔒Bordonaro: Public fights between PURA, utility companies reflect challenges of industry regulation

What type of relationship should exist between a regulator and the regulated?It’s an age-old question that local, state and federal governments often struggle with.It’s no different in Connecticut, where ongoing fights between the Public Utilities Regulatory Authority (PURA) and the state’s two large utility companies, Eversource and United Illuminating (UI), have taken center stage.Most reasonable […]

Accounting

🔒Accounting merger activity heats up as aging partners eye retirement, firms look for growth

As founding partners in small accounting firms age, they are faced with few options for retirement.Some can...

Health Care

🔒Johnson Memorial Hospital eyes $17.8M Enfield surgical center, to be partially owned by physicians

After completing a $6 million renovation and reopening its cancer center in Enfield last summer, Johnson Memorial Hospital has proposed a more than $17 million upgrade to its nearby surgery center.

Manufacturing

🔒$1.8B Kaman Corp. deal reflects private equity’s growing interest in CT manufacturers

Connecticut manufacturers have become hot targets for one of the most aggressive capital investors in recent years:...

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🔒Business travel’s ripple effect

Connecticut’s hospitality industry continues to feel the impact of the slow return of business travel. “In 2023, there...

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🔒$30M Bradley Airport hangar project aims to capitalize on increased corporate jet use, despite business travel’s slow recovery

Of all the “new normals” that the pandemic brought us, one that stubbornly continues to linger is...

Casino Gaming

🔒XL Center sports gambling lounge on pace for six-figure deficit in first year; gamblers wagered nearly $1M through Dec.

A long-awaited sports betting lounge that opened on the western edge of the XL Center in downtown...

Politics & Policy

🔒Commerce Committee eyes bills to address state’s workforce shortage, expand student-entrepreneur visa program

With a short legislative session set to get underway this week, the business community will keep close...

Bioscience

🔒Wiggin and Dana launches general counsel outsourcing services for cash-strapped startups

Law firm Wiggin and Dana recently launched a new service aimed at helping early-stage companies navigate the hot and cold extremes of starting a new business.

Manufacturing

🔒Waterbury manufacturer Seidel pushes back against offshoring with major local expansion

For Waterbury-based Seidel Group, the answer to a long-running trend of manufacturing migrating to Asia and south...

Economic Development

🔒New DECD chief O’Keefe: Post-pandemic trends offer CT major growth opportunities

Daniel O’Keefe, the former tech investment executive recently appointed acting commissioner of the state Department of Economic and Community Development, said recent population and economic gains have Connecticut poised for future growth.

Real Estate & Construction

🔒CBRE: Greater Hartford office tenants added 81,944 sq. ft. of net space in 4Q

Although battered by the post-pandemic shift to remote work, Hartford County’s office market managed to chalk up...

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🔒Led by former U.S. submarine force commander, Groton’s ThayerMahan at forefront of autonomous maritime surveillance technology

Maritime surveillance technology company ThayerMahan, based in Groton, recently secured $20 million in funding from private investors, while its annual revenues approach $100 million.

Economic Development

🔒$70M addition approved for Baker Hollow Logistics Center in Windsor

A real estate development firm has won town approval to construct two industrial buildings totaling 420,000 square...

Economic Development

🔒Lamont admin. plans to consolidate innovation investor CTNext into state agency; $450K lined up for employee severance

The General Assembly created the quasi-public economic development agency CTNext in 2016 with the aim of investing...

Economic Development

🔒Lexington Partners plans ‘eye-opening’ $425M redevelopment of Westbrook Outlets into apartments, townhomes, commercial space

The Westbrook Outlets could soon be demolished to make way for a roughly $425 million development mixing...

February 5, 2024Edition

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