Jan. 13, 2025 - Hartford Business Journal

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🔒5 to Watch: Meet top CT leaders we expect to make headlines in 2025

Each year, Hartford Business Journal identifies leaders we expect to make headlines in the year ahead. Here are 5 to Watch in 2025.

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🔒Check out HBJ’s 2025 economic forecast

Hartford Business Journal's first issue of 2025 includes an economic forecast section containing outlooks for the year ahead...

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🔒Economic Survey: HBJ readers more optimistic about 2025

How far will interest rates go down in 2025? What impact will a second Trump administration have...

Economic Development

🔒Waste stream innovator USA Waste & Recycling spends $14.5M on property for expansion/evolution

About a decade ago, Enfield-based USA Waste & Recycling passed on a chance to buy an industrial...

Manufacturing

🔒CT manufacturers urged to embrace all-digital future, or risk being ‘run over’

“I’m going to apologize in advance — there are a lot of acronyms in this space,” said...

Banking & Finance

🔒Here’s how state Treasurer Russell has reformed the state’s pension fund investment strategy

When he was growing up in New Haven and West Haven, State Treasurer Erick Russell said, his...

Real Estate & Construction

🔒Norwalk data center operator grows into $100M business; CT’s high electricity prices prevent in-state growth

Bob DeSantis is bullish about the future growth of data centers.He should be. His Norwalk-based company, 365...

Economy & Labor

🔒McKinney: Federal tariff and immigration policies could stall economic growth

The year ahead represents a transition from a Democratic to Republican White House.The Biden administration’s focus was...

Manufacturing

🔒Supply chain issues will pause Electric Boat’s hiring frenzy in 2025; new President Rayha focuses on creating ‘agility’ within company

Mark Rayha has stepped up to the president’s office at General Dynamics Electric Boat just as the Groton-based submarine builder experiences an inflection point in its now years-long expansion.

Economic Development

🔒Kooris to lead Municipal Redevelopment Authority in first multifamily housing investments

A new quasi-public state agency armed with $60 million to spur multifamily housing in Connecticut downtowns and...

Health Care

🔒New St. Francis Hospital President Powell-Stafford focuses on recruitment, technology investment

The Governor’s Workforce Council published a report in 2020 stating that Connecticut requires about 3,000 new nurses...

Health Care

🔒Agwunobi returns to UConn Health, aiming to reduce system’s reliance on state aid

Like a boomerang, Dr. Andrew Agwunobi is back in his former role as CEO of UConn Health...

Nonprofits

🔒Leading Community Foundation for Greater New Haven, DuBois-Walton aims to ‘create pathways for economic growth and stability’

Karen DuBois-Walton’s new Audubon Street office, where she sits as president and CEO of The Community Foundation...

Economy & Labor

🔒Carstensen: Stagnation looms for CT economy

Connecticut employment is still below 2008 levels, and only 9,000 up from June 2018.By comparison, the nation...

Economy & Labor

🔒Rassekh: Expect slower job/economic growth in 2025

Connecticut’s economy is affected by the economic policies of the federal government. If the incoming administration imposes...

Energy

🔒Does CT have a zero carbon energy future? Yes.

The bulk of New England states, including Connecticut, have significant zero carbon energy goals to be achieved...

Economy & Labor

🔒Flaherty: Baby boomer retirements will impact CT’s growth prospects

Connecticut’s total employment has more than fully recovered from the COVID-19 lockdown, with private sector employment achieving...

Economy & Labor

🔒Lanza: Expect ‘slow-to-no’ CT job growth in 2025

The Federal Reserve’s two-year assault on rising prices has had its intended effect as the topline inflation...

Banking & Finance

🔒Inflation may soon rise again; savvy investors will be prepared

The short-term outlook for the economy is strong with a near-term recession less likely. Inflation is decelerating, unemployment...

Real Estate & Construction

🔒With elevated office vacancy rates, 2025 will continue to be a tenant’s market

There were no surprises in 2024, as the Greater Hartford office market performed as anticipated.The vacancy rate...

Real Estate & Construction

🔒Tight industrial inventory means steady demand, continued high rents into 2025

Demand for Connecticut industrial and logistics space has cooled over the past two years, especially for the...

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🔒Transfer Act and PFAS: two issues to watch in 2025 for commercial real estate industry

As a small state with a long industrial history, Connecticut has relatively high concentrations of brownfields and...

Economic Development

🔒Supported by strong demand/government incentives, multifamily riding high into 2025

Multifamily market experts foresee no letup in housing demand or development interest in 2025, at least under...

Real Estate & Construction

🔒Continued rough going for office market in 2025, although some see reason for hope

Experts expect the pandemic-induced embrace of remote work to continue to weigh down the office market in...

Banking & Finance

🔒Lower interest rates could boost loan demand in 2025; lenders eye AI, cybersecurity investment

Interest rate uncertainty dominated the headlines in 2024.The topic is likely to get a lot of attention...

Banking & Finance

🔒Trump tax cuts likely to be extended or made permanent — with some potential changes

Change is coming to Washington, D.C. this month, as Donald Trump is once again sworn in as...

Health Care

🔒Future federal support for Medicaid, Obamacare to weigh heavily on healthcare industry in 2025

As we enter the new year, certain trends will have a major influence on the healthcare sector...

Economy & Labor

🔒How will potential tariffs impact CT manufacturers/supply chains? It’s a key issue in 2025

The change of administration in 2025 along with wider global instability brings questions and uncertainty for Connecticut...

Education

🔒New leadership, AI adoption key trends impacting higher-ed industry

Connecticut colleges face numerous challenges, including recovering financially from the pandemic and the need to grow enrollment...

Jan. 13, 2025Edition

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