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September 30, 2019Edition

🔒Community Notebook — September 30, 2019

  Business leaders learn about CT offshore wind opportunities Industry leaders recently gathered at the offices of McCarter & English LLP in Hartford to learn about recent developments moving Connecticut toward becoming a major hub for offshore wind generation. McCarter Renewable Energy Partner Kimberly Frank moderated the panel discussion, which featured Liz Burdock, CEO and […]

🔒Will Opportunity Zones help low-income communities? Only time will tell

The Tax Cut and Jobs Act of 2017 is the defining economic law passed by the Trump administration. Most of the attention and focus of the law has been on cuts in corporate taxes and taxes on high-income individuals. Some would argue that the law cuts taxes for every taxpayer, but the nonpartisan Tax Policy Center estimates that taxpayers with over $733,000 in income can expect a $50,000 reduction in their taxes.

🔒Generosity is an important leadership, life trait

Would you ever agree to house a stranger for a week? If so, would you be willing to sleep in the kids’ room so that the guest could use yours? Even if I said yes to the first question, I’m pretty sure my response to the second would be “no way.” Yet, last month I was that stranger. I volunteered to join others building houses in one of Guayaquil, Ecuador’s poorest barrios. A local family hosted me and the parents gave up their bedroom so that I could sleep more comfortably. Now that’s what I call “extravagant hospitality.”

🔒The KPI craze: Making sense of marketing metrics

Ages ago, John Wanamaker, the founder of Macy’s, said: “Half of the money I spend on advertising is wasted. The trouble is I don’t know which half.”
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🔒Lamont’s “earn-as-you-go” incentive strategy bears watching

Connecticut’s use of economic incentives to stir job growth has been controversial in recent years.

🔒For university endowments, stock market isn’t the only risk

For higher-education officials, a good year of stock market returns and fundraising is cause for celebration.

🔒CT university endowments riding post-recession growth wave as tuition continues to rise

Connecticut university endowments are riding record highs, but it's far from a magic bullet to the ever rising cost of higher education.

🔒CT’s largest commercial landlord upping investments in state ‘hungry’ for biz

Last year’s sale-leaseback of JCPenney’s sprawling Manchester distribution center signaled more than an ownership change for one of New England’s largest warehouses.
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🔒Nonprofits must demonstrate value and worth

Few nonprofits operate from a clear understanding of which donors find them valuable. And fewer possess a refined and articulated understanding of their worthiness that inspires donor loyalty and advocacy. The equation is essential for all nonprofits and donors to understand and pursue, as we move into this rich season of giving.

🔒CT nonprofits developing for-profit arms as charitable giving stalls

Hartford nonprofit Harc Inc. is looking for an economic lifeline amid turbulent times for charitable giving.

🔒Deal Watch: Catapult re-signs Hartford space; Courier Express’ Hartford space

Catapult Learning Inc. signed a long-term lease to continue operating at its High Road learning facility.

🔒The Borden luxury apartments ready for Wethersfield debut

The developer of Wethersfield’s newest luxury apartment community, The Borden, says the project expects to receive on Oct. 1 official town approval for tenants to begin occupying the first 39 — 24 studio- and 15 one-bedroom — units on the Silas Deane Highway.
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🔒Some CT communities put self-storage facilities on pause

Self-storage facilities, a development staple nationwide in recent years amid shrinking household spaces and limited realty-investment opportunities, are losing luster with some Connecticut communities.

🔒Hartford Baking Co. pres. Kluger discusses pivot from finance to biz owner

In his three years working for Moody’s Investors Service, Scott Kluger saw the peak and plunge of the financial sector. That’s what happens when your career in finance spanned from 2006 to 2009.
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