June 26, 2023Edition

Small Business

🔒Tips for creating a successful business succession plan

Creating a family business succession plan requires careful consideration and thoughtful planning. Here are some best practices to keep in mind: Start early: Begin the succession planning process well in […]
Energy

🔒Here’s a plan to lower Hartford’s energy costs, make city the ‘clean energy capital’

Many financial challenges face Hartford residents and business owners. One that clearly outpaces the others is the unstable, unpredictable and unfair rise of energy costs.
Banking & Finance

🔒Amid great wealth transfer, Hildreth leads Bank of America Private Bank’s CT market

Despite lackluster population growth for more than a decade, Connecticut remains a popular market for wealth management firms, lured by the state’s vast base of high-net worth individuals.
Banking & Finance

🔒Cutting costs; increasing prices; renegotiating contracts; closer scrutiny on financials — Here’s how CT businesses are coping with inflation

While the pace of inflation slowed during the month of May, businesses continue to face pressure from...
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Economic Development

🔒Growing CT e-commerce auto-parts dealer eyes new Milford HQ

A Connecticut developer is looking to buy three Milford office properties owned by sandwich franchise giant Subway,...
Education

🔒With $35M state bonding allocation, UConn eyes new nursing school, expanded downtown Hartford presence

UConn is eyeing a new, larger home for its School of Nursing, which is outgrowing its current...
Health Care

🔒Growing cosmetics company Young Pharmaceuticals readies new Wethersfield HQ, with eye toward additional expansion

A growing beauty-products company, Young Pharmaceuticals, is weeks away from occupying a new 20,000-square-foot office building headquarters on 21 acres in Wethersfield.
Cannabis

🔒Cannabis delivery services could help jump-start CT adult-use sales

After coaching high school football across CT for two decades, winning eight state championships, John Cochran recently launched a cannabis delivery service, Green Coach Delivery. It serves the towns of Manchester, East Hartford, Glastonbury, South Windsor and Vernon.
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Manufacturing

🔒Vertical integration, strong company culture helped LesserEvil conquer pandemic

LesserEvil survived the COVID-19 pandemic in better shape than many competitors because it’s a vertically integrated company, according to CEO Charles Coristine.
Banking & Finance

🔒Nearing $100M in annual revenues, CT’s LesserEvil expands organic snack foods line, readies new in-state manufacturing plant

LesserEvil has become one of the country’s largest organic snack foods producers. This year, it’s on track to exceed $100 million in revenue, and the business is growing.
Health Care

🔒A new wrinkle to telemedicine: virtual-care clinics

All patient-doctor interactions take place virtually at a new business Dr. Jasdeep Sidana launched earlier this year, a medical office called DOCSNow at 926 Chapel St., in New Haven.
Politics & Policy

🔒DiPentima: Despite lack of tax cuts, legislative session offers ‘positives’ for businesses

CBIA President and CEO Chris DiPentima said the lack of business tax cuts in the recently passed two-year, $51.1 billion budget is “baffling and frustrating,” especially given the state’s strong fiscal position, and bipartisan agreement on the need to grow the economy.
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Economic Development

🔒Facing higher construction costs and interest rates, some developers turn to affordable housing projects

Lewis Brown, principal of affordable housing developer Honeycomb Real Estate Partners, expects to launch a $26 million transformation of the run-down West Hartford Inn into 44 affordable apartments this fall.
Agriculture

🔒With $150M raised, Enko brings artificial intelligence to pesticide development

Jacqueline Heard's startup company is at the heart of the data-driven agriculture movement, applying artificial intelligence to developing a new generation of pesticides that she hopes will meet the tough challenges facing farmers who must feed a growing world population.
Politics & Policy

Sign Pro sues Southington, claiming harassment

Signage business Sign Pro Inc. is suing its hometown of Southington and the municipality's chief building official, claiming it has been subjected to repeated harassment while trying to do business locally, costing it “hundreds of thousands of dollars.”
Economic Development

Bear’s Smokehouse BBQ buys Windsor Locks industrial facility for expansion

The owners of Bear's Smokehouse BBQ have purchased a Windsor Locks industrial kitchen facility at 24 King...
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