Hartford Business Journal

11/02/2024

Calling all powerful women in business in Connecticut!🗣

Nominations for our 2025 Top 25 Women in Business Awards are NOW OPEN! 🙌

To nominate click here: https://ow.ly/QVg750TTNb9

11/01/2024

Chase Bank eyes shoreline town for latest expansion

JPMorgan Chase Bank, which has aggressively opened new branches in Connecticut in recent years, is eyeing Old Saybrook as its next expansion market. The New York-based bank has notified the Office of the Comptroller of the Currency that it plans to open a branch at the northwest corner of Boston Pos...

11/01/2024

Former Rite Aid pharmacy building in Waterbury to become bank branch

Bank of America, the largest bank operating in the state based on deposits, has informed federal regulators it will be relocating its only full-service branch in Waterbury. Bank of America has notified the Office of the Comptroller of the Currency that it will close its branch at 992 Cooke St. on Ap...

11/01/2024

CT sending fire suppressions devices to towns for ballot drop boxes

Secretary of the State Stephanie Thomas has notified town clerks Thursday that the state is shipping them fire suppression devices to place inside absentee ballot drop boxes, with the expected delivery Thursday and Friday. Her office says the action is “pro-active” and not a reflection of threat...

11/01/2024

70 fires and just short of a drought – why is this happening in CT?

Connecticut has faced some 70 wildfires since Oct. 21. One firefighter has died and others have been injured. The fire magnitudes have varied. The Hawthorne fire in Berlin is the biggest to date — 127 acres as of Wednesday afternoon. Their causes vary too, but the underlying conditions for each ar...

11/01/2024

Hartford, E. Hartford promise hard look at combining jobs, services

On a bridge spanning the river that divides their communities, the young and recently elected mayors of Hartford and East Hartford outlined a commitment Thursday to find ways to share services, a simple concept long viewed as political folly in Connecticut. Mayor Arunan Arulampalam, 39, of Hartford....

10/31/2024

Cigna, Hartford HealthCare reach new agreement

Just hours before their existing agreement was set to expire, Cigna Healthcare and Hartford HealthCare have reached an agreement on a new contract. A spokesperson for Hartford HealthCare confirmed the deal in an email Thursday afternoon.

10/31/2024

New grocery store chain to open in Waterbury

A new budget-conscious grocery store is coming to the Wolcott Street retail district in Waterbury. Price Rite Marketplace has signed a 10-year lease, with options to renew, on a roughly 34,000-square-foot space in a large retail plaza at 881 Wolcott St., according to Lorraine Tartaglia, principal of...

10/31/2024

Here’s how stormwater drainage is impacting a major Hartford development plan

Hartford officials believe the installation of a roughly mile-long pipe through an area south of Bushnell Park will accelerate the transformation of 20 acres of underused buildings and parking lots into a vibrant mixed-use neighborhood.

10/31/2024

CT retirement benefit debate looms large over next term

Connecticut will dedicate more than a tenth of its budget this year toward retirement benefits for state employees, past and present. While candidates say it doesn’t come up frequently during forums or door-to-door chats with voters, there’s a good chance the next General Assembly will vote on t...

10/31/2024

UConn to receive $500K gift from Travelers to support downtown Hartford student housing

The UConn Foundation announced Thursday that it will receive $500,000 from insurer Travelers Cos. to help cover room and board costs for UConn students who live at a planned 200-bed residence hall on Pratt Street in downtown Hartford. UConn’s Board of Trustees in May approved a plan to lease space...

10/31/2024

Prominent developers sell 300-unit Bridgeport apartment complex for $107.5M

A 300-unit multifamily property in Bridgeport, built by two prominent development companies, has been sold for $107.5 million. The Canfield Park at Fairfield Metro is a two-building, 332,000-square-foot complex at 215 Alfred St. It was built and sold by Norwalk-based Spinnaker Real Estate Partners a...

10/31/2024

Hoping for apartment redevelopment, Waterbury moves to sell 23,000-sq-ft downtown office/retail building

Waterbury officials are hoping to find a buyer interested in redeveloping a city-owned, 23,000-square-foot office and retail building in the heart of its downtown. The city purchased the 1986-vintage building at 20-30 Bank St., along with a neighboring 62,690-square-foot commercial building at 21 We...

10/31/2024

Airbus CEO courts Connecticut supply chain companies

The CEO of Airbus in North America, Robin Hayes, met with representatives from 60 Connecticut aerospace supply chain companies in Hartford Wednesday, looking to deepen relationships in the state. “Commercial aviation in the world will double in the next 20 years, and so there's a huge future need,...

10/30/2024

Developer set to build Waterbury rehab hospital pays $1.8M for site

A roughly 4.5-acre Waterbury property that will be redeveloped into a 42-bed, 55,000-square-foot inpatient rehabilitation hospital sold for $1.8 million. Florida-based Catalyst Healthcare Real Estate on Monday purchased the property, located at the corner of Reidville Drive and Harpers Ferry Road. T...

10/30/2024

Ticket sales for our 2024 Hartford Healthcare Heroes Awards ends tomorrow! 🦸‍♀️

Click here to purchase your tickets 🎟️ https://ow.ly/Q13O50TUBU5

Sponsored by: Anthem Blue Cross and Blue Shield, Hartford HealthCare, Trinity Health Of New England, InterCommunity, Inc., UHY US

10/30/2024

SBA lending in CT increased 18.3% in FY 2024; M&T Bank, TD Bank are top lenders

For a second straight year, the U.S. Small Business Administration’s Connecticut District Office said it saw a significant jump in lending activity. The SBA’s Connecticut District Office said it facilitated 1,058 traditional loans over the last 12 months, an 18.3% increase from a year earlier, a...

10/30/2024

Meet one of our 2024 Healthcare Heroes:
St. Francis Hospital (Trinity Health Of New England), Injury Prevention Team
Winner Category: Healthcare Prevention

https://ow.ly/8LWr50TSSrT

10/30/2024

CT Apartment Assoc.: Forget rent caps, focus on expediting permit review process to jump-start housing

In Connecticut, there are many communities that fight against the development of multifamily housing. According to the Connecticut Apartment Association (CTAA), that’s a major roadblock to solving the need for more housing in the state.

10/30/2024

Meet one of our 2024 Healthcare Heroes:
St. Mary's Hospital (Trinity Health Of New England), Safety Quality & Performance Improvement/Intensive Care Unit
Winner Category: Healthcare Prevention

https://ow.ly/cAkc50TSQPW

10/30/2024

CCSU debuts new Cybersecurity Hall, partners with biz to keep pace with ever-evolving cybersecurity threats

Seven years ago, Central Connecticut State University didn’t offer a cybersecurity course. By 2019, the state university enrolled 49 students in a newly formed cybersecurity program. Now, as the school unveils a dedicated Cybersecurity Hall featuring specialized labs and equipment, the program has...

10/30/2024

Hartford-area arts organizations look to boost funding reserves as federal aid ends

Rabbi Donna Berman knows a thing or two about living hand-to-mouth. When she was hired in 2001 as executive director of the Charter Oak Cultural Center in Hartford, the organization was a financial mess and on the verge of closing. Cultural center officials credit her with breathing new life into th...

10/30/2024

Sponsored Content: Learn from VISTECH what cybersecurity secrets every business should know.

Sponsored Content: Let’s face it: Hackers are constantly evolving, looking for their next victim, and it could be you. But here’s the secret: staying ahead of them isn’t as hard as it seems.

10/30/2024

Sikorsky receives European contracts totaling more than $2B

The U.S. government has awarded Stratford-based helicopter maker Sikorsky a foreign military sale contract to provide 35 UH-60M Black Hawk helicopters to the government of Greece. The deal is part of a $1.24 billion contract modification for European helicopter sales signed off by the Department of....