January 8, 2024Edition

Politics & Policy

🔒Multifamily experts see adversity, selective opportunity in 2024

Connecticut’s population grew by tens of thousands of residents during the COVID-19 pandemic, exacerbating an existing housing shortage and prompting residential property values and rents to soar.That made multifamily housing an attractive investment vehicle for developers and landlords, with some municipalities — like Hartford and New Haven — eagerly embracing new developments in a bid […]

Logistics

🔒Amid tight industrial space market, Windsor Locks logistics company eyes new 80,000-sq.-ft. warehouse

In an effort to say “yes” to more clients, the owners of Windsor Locks-based Multi-Mode Logistics recently...

Real Estate & Construction

🔒Industrial real estate availability to remain tight in 2024

Industrial real estate experts predict financing challenges for new development and strong demand for warehouse space will...

Energy

🔒Rate case ignites political, legal battle as electric utility UI scrambles to recover investment costs axed by regulator

United Illuminating, an electric company based in Orange that serves more than 341,000 customers in Connecticut, is...

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Insurance

🔒New Aetna President Kane embraces insurer’s history and future: ‘There are no plans for Aetna to leave Hartford’

Add Brian Kane to the long list of people struggling to find a home in Connecticut.“There’s literally...

Education

🔒Maduko, president of fledgling CT community college system, eyes fiscal stability, enrollment boost

John Maduko acknowledges the entire Connecticut State Community College system, from students to faculty and staff, have...

Politics & Policy

🔒New Hartford Mayor Arulampalam’s economic development agenda: make city more approachable for business

As newly inaugurated Hartford Mayor Arunan Arulampalam begins his first term, his early economic development strategy is...

Health Care

🔒Duncaster CEO Papa to lead major independent living expansion in Bloomfield

Connecticut’s population is aging, creating increased demand for senior-living options, a trend that shows no signs of...

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Manufacturing

🔒As third-generation CEO of family-owned Lee Co., Marietta Lee eyes growth in space industry, other sectors

More than 20 years after joining her family’s manufacturing business as an assistant facilities manager, Marietta S....

News

🔒Fred Carstensen: Will CT revive its comatose economy?

Congratulations to Gov. Ned Lamont and the legislature: They have put Connecticut’s fiscal house in order. But fiscal...

News

🔒Fred McKinney: Expect moderate growth, lower interest rates in 2024

In baseball, a player who is unsuccessful in hitting the ball 67% of the time over their...

News

🔒Rassekh: CT’s economic outlook provides reason for optimism

We should be optimistic about the economic outlook for Connecticut in 2024.The main reason for optimism is...

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News

🔒Flaherty: Growing CT’s labor force key to 2024 economic outlook

Connecticut’s overall employment reached pre-pandemic levels in 2023, with the unemployment rate (3.5% at the end of...

News

🔒Lanza: CT will add 10,000 jobs in 2024 — here’s why

Despite an extraordinary five-point surge in interest rates to combat inflation, the U.S. economy defied gravity in...

Real Estate & Construction

🔒Hartford’s office market reset will require ‘more patience’ in 2024; vacancies likely to increase

Last year was the 25th anniversary of the original “Six Pillars of Economic Development,” a plan to...

News

🔒Office market faces major headwinds in 2024; isolated, premier locations could rebound

Greater Hartford’s struggling office market will continue to experience increased vacancies in 2024, as the post-pandemic shift...

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Economy & Labor

🔒Economic Survey: HBJ readers more optimistic about 2024

Will the Fed lower interest rates in 2024? Is there still a threat of recession? Will the...

Banking & Finance

🔒Managing higher interest rates, deposit growth key focus areas for banks in 2024

Connecticut banks have faced several challenges over the past year, but the high-interest rate environment tops the...

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🔒Key considerations for values-based investing in 2024

In the last few years, there has been a surge in the popularity of values-based investing. At a...

Health Care

🔒Boosting workforce pipeline, new facilities, flexible care delivery key trends in 2024

In the new year, Connecticut healthcare leaders say they will be focused on finding new ways to...

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🔒Employers in 2024 will seek to add value, minimize costs for health benefits

Employers will be challenged to absorb higher healthcare cost increases in 2024. However, with inflation stressing their employees’...

Manufacturing

🔒For manufacturers, workforce, technology and supply chain resilience are focus areas in 2024

The U.S. is expected to have 2.1 million unfilled manufacturing jobs by 2030, according to a recent...

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🔒PFAS will be increasing concern for manufacturers in year ahead

As we head into 2024, here are three trends that manufacturers of all sizes should be watching.Environmental...

Education

🔒AI, DEI, flexible degrees, campus expansions key focus areas for higher ed in 2024

Connecticut college leaders this year say they will focus on growth in innovation, including artificial intelligence, in...

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Cannabis

🔒New cannabis businesses set to launch in 2024, while sector keeps eye on federal reforms

The state’s recreational cannabis market got off to a slower-than-expected start in 2023, but the industry expects...

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🔒CT will need a lot more (green) juice to achieve clean energy goals

Connecticut is one of five New England states (other than New Hampshire) that has agreed to lower...

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🔒AI will transform legal industry in 2024, beyond

As we enter 2024, a key question looms large in the legal industry: Will artificial intelligence (AI)...

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🔒Neurodiversity in the workplace should be an employer focus in 2024

As we kick off 2024, employers are trying to predict employment trends for the upcoming year.The past...

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🔒Empowering teams for the long run: transitioning to a coaching management model

In today’s workplace, managers grapple with the challenge of nurturing and maintaining employee engagement, a task made...

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🔒5 to Watch: Meet top CT leaders we expect to make headlines in 2024

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

News

🔒In 2024, CT startups and stalwarts must confront VC funding gap, rising labor costs

The state of Connecticut unveiled its “Make it Here” campaign in 2023 with a video highlighting what...

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