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May 29, 2023Edition

🔒Bordonaro: CT pension fund investments need greater oversight

Jeffrey Sonnenfeld, the senior associate dean for leadership studies and a professor at Yale University’s School of Management, is known for his provocative research.Last year, shortly after Ukraine was invaded in February, he published a list of U.S. companies doing business in Russia, putting pressure on them to exit the country or face potential public […]

🔒One CT town adopts development moratorium; another lifts temporary ban

Some Connecticut municipalities are rethinking their zoning regulations as developers continue to propose new multifamily and industrial...

🔒Shifting property tax burdens provide businesses, commercial landlords some relief, leave homeowners to pay more

East Hartford Mayor Michael Walsh heard many concerns from businesses and residents during his town’s state-mandated property...

🔒After 2015 law revision, more CT municipalities use tax increment financing to spur new development

A new version of an old economic development tool — tax increment financing — is gaining traction...
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🔒Following untimely death of patriarch and co-founder, family-run BioSafe’s next generation thrust into leadership

The untimely death of Rob Larose, president and CEO of BioSafe Systems, a 25-year-old, family-run chemical company headquartered in East Hartford that he had founded with his father, left his daughter and her brothers — executives at BioSafe, which has more than 70 employees — with more than just their own personal grief to process.

🔒Amid broader industry shortage, CT college pharmacy programs see declining enrollment

A little more than a decade after the University of St. Joseph (USJ) launched its highly touted...

🔒Hartford Athletic adds fan perks, new events to grow attendance, revenues

The Hartford Athletic soccer club entered its fifth season this year with higher-profile staff recruits, upgraded fan...

🔒German company expansions reflect European country’s strong trade, business ties to CT

Over the past several years, Germany has established itself as Connecticut’s largest export partner, further building on...
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🔒CT companies find lucrative market for high-end sneakers, designer fashion

While the slow death of in-store retail shopping has been eulogized ad nauseam for more than a...

🔒$6.5M CRDA loan sought for $45.4M renovation of two historic downtown Hartford state office buildings

The Capital Region Development Authority (CRDA) is considering a $6.5 million loan for a planned $45.35 million...

🔒CT Lottery Corp. will relocate Rocky Hill headquarters, other offices to Wallingford this summer

When Gregory Smith was hired to lead the Connecticut Lottery Corp. five years ago, the organization was...

🔒Woodbridge pharma company ChemWerth eyes overseas expansion

Acting as a broker between foreign manufacturers and U.S. drug companies, Woodbridge-based ChemWerth has grown from one...
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🔒Investors raise red flags over CT’s regulatory environment, as utilities overseer Gillett touts benefits of new ratemaking scheme

Under a new framework developed by PURA Chair Marissa Gillett, utilities' requests for rate increases will be evaluated based on whether they achieve public policy outcomes rather than whether the cost increases are “prudent and reasonable"

Rocky Hill warehouse complex proposed

A Cheshire-based real estate investor is proposing a new four-building warehouse complex totaling 120,000 square feet in...
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