Hartford Business Journal

12/24/2024

A 52,402-square-foot Bloomfield industrial building hosting manufacturer HISCO Pump has sold for $1.6 million.

A 52,402-square-foot Bloomfield industrial building hosting manufacturer HISCO Pump has sold for $1.6 million. The sale of 2 and 4 Mosey Drive, which was recorded Nov. 13, means HISCO has a new landlord, but operations have continued seamlessly, said Matthew Montineri, principal of the limited liabi...

12/24/2024

West Hartford gun maker C**t has been awarded a $12.4 million follow-on contract to make additional weapons to be supplied to Israel.

West Hartford gun maker C**t has been awarded a $12.4 million follow-on contract to make additional weapons to be supplied to Israel. The latest award is a modification to a $26.7 million contract given to C**t in May of this year to produce M4A1 carbines, silencers and flash suppressors. The M4A1 i...

12/24/2024

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12/24/2024

The sluggish office market is having a significant impact on office property values. Here's the most recent example: ⬇️

The sluggish office market is having a significant impact on office property values. The most recent example is a 191,128-square-foot Norwalk office building at 535 Connecticut Ave. The six-story property, built in 1988 and sitting on 1.71 acres, sold in September 2018 for $16.5 million, according t...

12/24/2024

As 2024 comes to a close, it's time to reflect on the year's most important moments in Connecticut business! Join us for the Hartford Business Journal's daily countdown of the top stories of 2024. ⬇️

2024 is almost in the rear view mirror, but there were numerous stories across Greater Hartford and Connecticut that stood out. As we wrap up the year, here is a look back at some of the most read stories on HartfordBusiness.com over the last 12 months. This is a countdown, so please check back to s...

12/24/2024

For providers, frustration stems from the reality that people are continuing to die of drug overdoses in Connecticut and that an intense demand for services remains, even as a large pot of money sits in the bank.

In November 2023, Wheeler Clinic CEO Sabrina Trocchi sent in several funding proposals to the Opioid Settlement Advisory Committee, or OSAC, an entity charged with determining how best to distribute hundreds of millions of dollars the state has reaped from opioid litigation settlements.

12/24/2024

Officials say the state’s Medicaid program hasn’t been covering certain weight loss drugs, despite a state law passed last year that requires it to do so.

Officials say the state’s Medicaid program hasn’t been covering certain weight loss drugs, despite a state law passed last year that requires it to do so.

12/24/2024

Legislation concerning student loan repayment assistance, paid sick days and absentee ballots are among over a dozen laws that will take effect in Connecticut on Jan. 1.

Legislation concerning student loan repayment assistance, paid sick days and absentee ballots are among over a dozen laws that will take effect in Connecticut on Jan. 1. Laws are passed by the Connecticut General Assembly during each year’s legislative session or in a special session. They typical...

12/23/2024

The Social Security Fairness Act, which repeals provisions that reduce benefits for thousands of public service workers in Connecticut, moves to President Joe Biden’s desk after the U.S. Senate passed the bill early Saturday in the final hours of the session.

The Social Security Fairness Act, which repeals provisions that reduce benefits for thousands of public service workers in Connecticut, moves to President Joe Biden’s desk after the U.S. Senate passed the bill early Saturday in the final hours of the session.

12/23/2024

Raw milk’s popularity has grown in Connecticut and elsewhere, despite recent headlines that have stirred even more controversy than the typical internet-driven debate over whether raw milk is a miraculous health food or a seriously dangerous product.

https://ow.ly/fPQI50Uw6vK

By 11:30 a.m. on a recent Thursday, the raw milk that Bishop’s Orchard in Guilford receives weekly from Baldwin Brook Farm in Canterbury was just about gone. The dozen or so raw milk regulars, who are acutely aware of the delivery schedule, had picked up their bottles. The remaining nine half-gall...

12/23/2024

Connecticut has a film industry supported by one of the state’s largest business tax credit programs.

Connecticut’s towns and streets have been a backdrop for movies and TV shows for a long time. The Connecticut Tourism Office has created a list of Christmas movies filmed across the state in a movie trail that includes 22 films. Connecticut has a film industry supported by one of the state’s lar...

12/23/2024

Xerox will buy printer maker Lexmark International, one of the Norwalk company’s suppliers, in a $1.5 billion deal. It will acquire the company from its current owners, China’s Ninestar Corp., PAG Asia Capital, and Shanghai Shouda Investment Centre.

Xerox will buy printer maker Lexmark International, one of the Norwalk company’s suppliers, in a $1.5 billion deal. It will acquire the company from its current owners, China’s Ninestar Corp., PAG Asia Capital, and Shanghai Shouda Investment Centre. Xerox says the acquisition of the Kentucky-bas...

12/23/2024

A Pennsylvania-based buyer recently paid $2.4 million for a 25,561-square-foot industrial building on 1.4 acres in an industrial area of Hartford’s South Meadow’s neighborhood.

A Pennsylvania-based buyer recently paid $2.4 million for a 25,561-square-foot industrial building on 1.4 acres in an industrial area of Hartford’s South Meadow’s neighborhood. A limited liability company affiliated with Hartford-based real estate investment firm Staypoint sold the property at 2...

12/23/2024

The former general counsel of Stamford-based Webster Bank has pleaded guilty to charges in connection with an embezzlement scheme, in which he pocketed about $7.4 million from multiple financial institutions.

The former general counsel of Stamford-based Webster Bank has pleaded guilty to charges in connection with an embezzlement scheme, in which he pocketed about $7.4 million from multiple financial institutions. James Blose, 56, stole from the banks in multiple ways, including in commercial loan transa...

12/23/2024

Late-night snackers will soon have a new haunt in downtown Hartford: a cookie shop that’s open into the wee hours of the morning.

Late-night snackers will soon have a new haunt in downtown Hartford: a cookie shop that’s open into the wee hours of the morning. Insomnia Cookies, which offers in-store pickup and delivery options until as late as 3 a.m., will open on Jan. 4, 2025, in a 1,500-square-foot storefront at 247 Asylum ...

12/23/2024

A trio of new restaurants under construction have West Hartford residents wondering when they will open, with two close to doing just that.

A trio of new restaurants under construction have West Hartford residents wondering when they will open, with two close to doing just that. One of the most anticipated restaurants is Sally’s Apizza, which is being constructed within the Jordan’s Furniture store at Westfarms mall. While the store...

12/23/2024

The United Way of Central and Northeastern Connecticut has a new downtown Hartford home, and it’s a homecoming of sorts.

The United Way of Central and Northeastern Connecticut has a new downtown Hartford home, and it’s a homecoming of sorts. United Way has signed a 10-year lease to occupy 10,000 square feet of space at One State Street, a 24-story, high-rise building that is owned and occupied by Hartford Steam Boil...

12/23/2024

Connecticut is set to secure federal funding in the form of disaster aid, direct relief for farmers and submarine investments from a year-end federal spending package.

Connecticut is set to secure federal funding in the form of disaster aid, direct relief for farmers and submarine investments from a year-end federal spending package. Those funds — and the paychecks of thousands of federal employees — were all at stake with the imminent threat of a shutdown. Bu...