May 31, 2021Edition

🔒Buy or sell? The transaction market is hot, with opportunities abound

Even though the current climate is considered a buyer’s market, the uptick in activity and plethora of buyers also make it a good time to sell.

🔒Bordonaro: CT should end extended jobless benefits this summer; rebuilding labor force creates new opportunities

Editor's Take: As more low-wage workers re-enter the labor force in the coming months it presents a great opportunity for the state and private sector to promote and market the higher-paying, non-college degree jobs that are available in key sectors of the economy.

🔒CT must lift ban on the direct sales of electric vehicles

Other Voices: SB 127 is not a threat, but an opportunity to open up healthy competition and allow consumers to buy any EV they want without having to leave the state to pick it up.

🔒Glastonbury’s Kelser Corp. finds growth opportunities with increasing cyber threats

Kelser Corp. has seen increasing demand for its services with the recent shift to remote work and increasingly sophisticated cyber attacks.
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🔒With high occupancy rate and new, exclusive tenants, Westfarms mall counteracts retail’s brick-and-mortar struggles

U.S. malls have taken a beating during COVID-19, but Westfarms in West Hartford seems to be an outlier. In fact, the 1.3 million-square-foot mall’s occupancy rate prior to and throughout the pandemic has remained at 95% and it was even able to add new retailers over the last year, despite being forced to close for two months in the spring of 2020.

🔒Despite hot housing market, Greater Hartford apartment boom rolls on

Major newly constructed or proposed apartment projects have been springing up across the region in recent months, whether it’s in the suburbs of Farmington and Bloomfield or the cities of Hartford and New Britain, a sign that developers still have significant appetites for new market-rate and highly-amenitized rental units.

🔒Liberty Bank targets Hartford commercial market for next big growth opportunity

As the COVID-19 pandemic recedes, Connecticut’s largest mutual bank is pursuing a commercial loan incursion into Hartford and the surrounding region.

🔒Large-scale batteries, once hobbled by cost, ready for ‘prime time’

Large-scale batteries, once viewed as too expensive to be practical, are now transforming the way some utilities and tech companies think about power distribution.
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🔒CT healthtech companies CareCentrix, Signify Health in bitter legal dispute over trade secrets

A dispute between CareCentrix and Signify Health is raising questions about the legal parameters and limitations of trade secrets and non-compete agreements.

🔒CT’s aging business owners increasingly turn to private equity buyers

As a large number of executives at Connecticut’s privately-held companies — 80% of which are family-owned, according to UConn’s Family Business Program — reach retirement age, an increasing number are selling (or considering selling) their businesses to private equity firms, experts said.

🔒Cigna employee concerns highlight challenges of supervising remote workers

For a group of call-center representatives who work for Cigna, remote work policies endorsed by the Bloomfield-based insurer have pushed them over the edge.

🔒As pandemic recedes, CT markets itself as a potential remote work hub

Several of Connecticut’s public and private economic development organizations — including the Department of Economic and Community Development (DECD), AdvanceCT and MetroHartford Alliance — have strategies and marketing plans in place to promote Connecticut as a satellite location for companies located in larger nearby cities.
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🔒First Tee’s Christy Miller runs for a cause

In her spare time, First Tee Connecticut Development Director Christy Miller helps raise money for important charities by running races across the state and country.

🔒Companies should take baby steps when experimenting with AI technology

Companies across industries increasingly view artificial intelligence as potentially transformative to their business, but at least one AI expert says they may want to pare down expectations in the short term.

🔒Robotics, virtual technology guide dentistry into high-tech future

Dentists across Connecticut are increasingly incorporating technology into their practices like 3D printing to shape crowns and bridges.
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