March 6, 2023 - Hartford Business Journal

Economic Development

🔒Food court, modeled after Hartford’s popular Parkville Market, planned in Farmington office building

When Sheila and Michael Reiner bought a Farmington office building at 17 Talcott Notch Road in 2012, they never envisioned one day carving out 3,200 square feet of office space for a food court. The nondescript building, which spans 34,000 square feet and was built in 1982, contains several tenants, including an accounting firm, medical […]

Economic Development

🔒Massive Rentschler Field logistics center development inks Wayfair, Lowe’s as tenants

Home-improvement giant Lowe’s and online home-goods retailer Wayfair will occupy two massive logistics buildings under construction in...

Insurance

🔒Make sure your business has adequate insurance to cover property, other damages

Opinion: Relying on crowdfunding after a loss begs the question of whether your organization has adequate risk management strategies.

Real Estate & Construction

🔒CT must lift restrictive apprenticeship hiring ratios to fill open trades jobs

Opinion: Our workforce in the trades is graying and retiring in great numbers, and the next generation is ill-prepared to fill the void, leaving thousands of potential job openings in Connecticut.

Banking & Finance

🔒Banks keep closer eye on office property loans amid sector’s slow recovery

Some Connecticut banks are seeking to insulate themselves from the struggling office real estate market that’s been battered by employers’ post-pandemic embrace of hybrid or remote work.

Accounting

🔒Rising interest rates, economic uncertainty complicate M&A outlook, but deals market still active

Connecticut has seen a number of notable small- to midsize mergers to kick off 2023, possibly signaling a healthier M&A environment for businesses and private equity firms in the year ahead.

Arts & Culture

🔒Front Street could land two new tenants amid recovery

Infinity Music Hall’s slow recovery in the last few years mirrors the experience of Hartford’s broader Front...

Arts & Culture

🔒After contemplating closure during pandemic, Infinity Music Hall Hartford owners in search of a rebound

As people continue to get over their fears of COVID-19, the co-owners of Infinity Music Hall plan to book more performances and recruit more corporate support in the year ahead, with hopes of returning to profitability in the next 12 to 24 months.

Energy

🔒New $100M state fund aims to attract, scale climate technology startups

In July 2020, Connecticut joined 14 other states and the District of Columbia in pledging to combat...

Retail

🔒As Enfield officials mull struggling mall’s future, former MassMutual campus could see new life

Enfield leaders continue to grapple with the uncertain future of the town’s sprawling mall property, just as a promising new vision for the vacant MassMutual campus has shed light on the town’s broader economic development aspirations.

Cannabis

🔒Bugs in Buds? As CT’s marijuana industry preps for growth, cannabis quality comes into sharper focus

Cannabis quality has been a conversation topic and area of concern for some consumers and state lawmakers, especially as the state’s marijuana industry preps for a major growth spurt following the January launch of recreational sales.

Advertising, Media & Marketing

🔒In new GM role, NBC CT’s Guerrero seeks out younger, more diverse audience

When Hank Guerrero appears on video conference to chat about his new role as general manager at...

Nonprofits

🔒Shaky stock market doesn’t deter Hartford Foundation from record grant-making year

Hartford Foundation President and CEO Jay Williams said several factors led to last year’s growth in grants and fundraising, including an increase in corporate donations fueled by a major Hartford employer.

Hospitality & Tourism

🔒Improving CT hospitality market kick-starts new hotel development

The Hartford Hotel & Conference Center in East Hartford fell on hard times before its 2020 closure,...

Manufacturing

🔒CT’s biomedical, pharmaceutical hub lures German manufacturer’s innovation center

When billion-dollar German specialty chemicals manufacturer Roehm — maker of acrylic sheets and other acrylic plastics — began...

Economic Development

104-unit, mixed-use apartment development targeted for Bristol’s Center Square Village

A Southington-based developer is proposing a mixed-use apartment development with more than 100 units on an empty...

March 6, 2023Edition

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