Business leaders say these 5 things will affect Connecticut’s economy in 2019

Monday, February 11, 2019

Connecticut business owners and executives gathered in Hartford at an annual economic outlook meeting, buoyed by good economic news last year, but wary about slower growth in the state than in the U.S. and whether it it will extend into 2019. Following are five factors that will have an impact on economic growth in Connecticut, according to presentations before the audience of more than 450. Read full article. 
February 7: Electric Boat Begins a Century of Submarine Building

Thursday, February 07, 2019

For over 100 years, Electric Boat has been the primary producer of submarines for the United States and allied countries around the world.  From its headquarters and shipyard in Groton, Connecticut, and auxiliary shipyards located in Quonset, RI and Newport News, VA, Electric Boat has designed and built dozens of technologically-advanced submarines for the U.S. Navy, beginning with the Navy’s first-ever formally commissioned submarine, the USS Holland, in 1900. Click here for the full article 
PERSPECTIVE: Connecticut’s Women-Owned Immigrant Businesses Contribute to the Community

Wednesday, February 06, 2019

Diversity in business helps fuel success. According to a Harvard Business Review article, if diversity is not present within the workplace leadership, women are 20% less likely than Caucasian men to be endorsed for their ideas (Sherbin, 2014). This is why the increase of women in leadership roles is so crucial to growth and development. Read full article. 
New Tax Credit of $500 Annually for 5 Years Offered to STEM Graduates Working in CT

Monday, February 04, 2019

Passed by the state legislature over a year ago as part of the 2017 state budget compromise, a new tax credit aimed at keeping college graduates in the technology fields in Connecticut – and attracting young professionals to the state – becomes effective this year. It is a “refundable personal income tax credit for college graduates who are employed in the state; receive, on or after January 1, 2019, a bachelor’s, master’s, or doctoral degree in a science, technology, engineering, or math (STEM) field; and live in Connecticut or move here within two years after graduating.”  The credit is $500 and...
History Revisited: Remembering two Thames River attractions

Tuesday, January 29, 2019

Historical, commercial and cultural sites along the banks of the Thames River have drawn the attention of thousands of visitors over the years, from not only the local area, but from throughout the country. In recent years, the Thames River Heritage Park Foundation instituted a water taxi service to help visitors access the many historic and cultural destinations on both the New London and Groton sides of the river. The seasonal taxi, which transports passengers among several landing sites in New London and Groton, would, on most occasions, take short excursions up and down the Thames River to provide a riverside...
Pfizer exec touts Groton R&D site’s recent successes

Tuesday, January 29, 2019

 A top Pfizer executive told businesspeople Monday that the pharmaceutical giant’s research and development laboratories here are enjoying a boom period. “R&D is really running hot at Pfizer these days,” John Burkhardt, the Groton labs site director and vice president of global drug safety research and development, said during a luncheon meeting of the Chamber of Commerce of Eastern Connecticut at the Groton Inn and Suites. Click here for the full article 
Brewing Up the Perfect Beer

Friday, January 18, 2019

Outer Light Brewing Company celebrating 4th anniversary with new custom drink It’s testing and tasting season at the Outer Light Brewing Company! The young business, which is about to celebrate four years in Groton, has celebrated each anniversary by debuting a brand new beverage. Co-founder Tom Drejer describes the process as part science and part art form.   “It’s like being a chef. At Outer Light Brewing, we all have an understanding of how certain flavors and ingredients blend together. We use that experience and knowledge to figure out how to brew the best-tasting beer possible. You also have to work within the...
Electric Boat official: Employment will be ‘pretty stable’ for the next several years

Monday, January 14, 2019

While the outlook for Electric Boat continues to be positive, it will be a challenge over the next couple of years to sustain the workforce, now at 17,050 employees, until construction starts on a new class of ballistic missile submarines, the president of the company said Monday. Jeff Geiger, in giving his annual company update to a room full of local and state officials at the Mystic Marriot, said employment at EB will be "pretty stable" over the next three to four years, then hiring will ramp up again with the workforce likely exceeding 20,000 employees in the mid-2020s. Click here for...
New executive director talks about Mystic Museum of Art

Monday, January 14, 2019

When V. Susan Fisher read about the opening for a new executive director at the Mystic Museum of Art, she felt an immediate connection. “I think I may sound Pollyannaish … because the remarkable thing, when I saw the job listing, was that it seemed to say, ‘Susan, this is you. Take it now. Don’t think about it. Just do it,’” she says, sitting in her office at the Mystic Museum of Art, where she started working as the executive director at the end of 2018. Click here for the full article 
Sift bakery plans major expansion in Mystic

Monday, January 14, 2019

Adam Young, whose Sift Bake Shop has become a tourist destination since he won Food Network's "Best Baker in America" title last year, is planning to sweeten his surroundings by this spring as he quadruples the size of his building in downtown and adds 160 seats inside and outside. Young, who is expected to close on the purchase of the Water Street building where Sift is located later this month, said this week that he has completed nearly all the approvals required to move ahead with the project, which should start within two weeks. Only a site plan approval by the Historic District Commission awaits. Click here for...
New training programs aim to match Connecticut manufacturers with workers

Friday, January 11, 2019

With thousands of manufacturing jobs to fill in Connecticut now and in the future, and not enough qualified workers to fill them, industry employers, state community colleges and job training agencies are trying to fill the employment pipeline. Gateway Community College and the New Haven-based Workforce Alliance are about to launch a program that would take unemployed and under-employed workers, provide them with an intensive five-week training course and then help them find jobs. The first five-week session of classes is scheduled to start in February and with a Dec. 7 registration deadline, about 35 people have put in applications, said...
General Dynamics Wins $347M Deal for Virginia-Class Submarines

Wednesday, January 09, 2019

General Dynamics Corp. 's GD business unit, Electric Boat, recently secured a modification contract in relation to the Virginia-class submarine program. Per the terms of the deal, the shipbuilder will offer fiscal 2019 lead yard support, development studies and design efforts for the Virginia-class submarines.  Details of the Deal  Valued at $346.5 million, the contract was awarded by the Naval Sea Systems Command, Washington, D.C. Under the agreement, lead yard support will maintain, update and support the Virginia class design as well as related drawings and data for each Virginia class Submarine (including technology insertion) throughout its construction and post-shakedown availability period. Continue to full article
America’s Best States to Live In

Friday, January 04, 2019

Each U.S. state has its advantages and shortcomings. Often, Americans live in the state they grew up in because it is familiar and feels like home. Other personal factors are often behind why people live in a certain state. However, there are several more objective factors that drive people to — or away from — a certain state, and can be used to help assess just how livable a state is. These factors include an area’s economy, job market, crime rate, health care, and more. Sometimes the best way of measuring these factors is to look at an outcome that best...
Connecticut ranked as fifth most charitable state

Wednesday, January 02, 2019

Giving Tuesday was a day when folks dug deep into their hearts and gave money, time, or gently used items to the charitable cause of their choice. And, according to the financial website WalletHub, a lot of Connecticut residents took on that philanthropic task. In its latest survey, the site ranked states from most to least charitable, based on such factors as volunteer rate and share of income donated to share of sheltered homeless. Connecticut scored as the fifth most charitable state, and had the third highest percent of state residents who donated money to charity. It also had the eighth highest number...
CT: Groton Air Traffic Control Tower Named 'Facility of the Year'

Monday, December 31, 2018

GROTON -- At the air traffic control tower at Groton-New London Airport, there's a collective 163 years of experience. The five air traffic controllers come from backgrounds in the Army and the Navy and at air traffic control towers in Boston and at Bradley International Airport, among other posts. "We all have the same level of training, and it's unique that we're working together," Chet Moore, air traffic manager at Groton-New London Airport, said in a recent interview. Continue to full article
With Filipino restaurant, Groton couple seeks to fill void

Friday, December 28, 2018

Groton — Raymond and Prescilla Go knew it was a gamble to open a restaurant that has an unfamiliar format and serves cuisine unfamiliar to many in the area, but a month and a half in they're feeling good. Prescilla said their customer base so far is about 40 percent Filipino, but they've been coaxing the other 60 percent into trying dishes new to them, like pork blood stew. As it turns out, they like it and return for more. "They could be African-American, or white American; it doesn't matter to them," Prescilla said. The couple opened Raymond's Pinoy Kusina at 928 Poquonnock Road,...
Meiser among those to be honored by Mystic Chamber

Thursday, December 27, 2018

Restaurateur Dan Meiser will receive the Joyce O. Resnikoff Excellence in Tourism Award at the Greater Mystic Chamber of Commerce 2018 Annual Gala, Jingle and Mingle, Celebration of Giving on Dec. 6 at the Mystic Marriott. Meiser first opened Oyster Club, called the Best Upscale Restaurant in Connecticut by the Connecticut Restaurant Association, and one of the Best Oyster Bars in America by Travel & Leisure Magazine. Along with his executive chef partner, James Wayman, he opened the Engine Room and, in 2017, Grass & Bone, a butcher shop and restaurant. Finally, Meiser and his wife, Jane, are developing the 250-year-old Stone Acres Farm into a 63-acre destination, with its...
Report: state climbs a notch in economic performance

Wednesday, December 26, 2018

The state’s economy edged up slightly from 40th to 39th place during 2017, but it remains one of the last states still coming out of the great recession, according to the state Department of Labor.  The DOL report, issued last week, found that Colorado had the best overall economy in 2017, the most recently available data, while Alaska scored at the bottom.  Connecticut’s rating of 128.7 was its best score in seven years, but still below the U.S. value of 139.1, according to the report. The report examined each state and Washington, D.C. using quarterly census employment and wages program, annual average unemployment rates from local statisticts. The...
The Influences, Impacts, and Implications for the CT Energy Market

Tuesday, December 25, 2018

As a follow-up to her recent presentation to the Connecticut Power & Energy Society’s 2018 Conference, Alissa DeJonge, CERC’s Vice President of Research, shares findings and considerations for the Connecticut energy sector in this episode of CERCONOMY.  Reviewing the influences, impacts, and implications of the state’s population, demographics, and other major state industries on the Connecticut energy sector, Alissa’s perspectives on the energy industry consider the new energy choices that both businesses and residents have, and the affect they are having on the energy market. Continue to full article
Connecticut program to assess growth potential for shellfish industry

Monday, December 24, 2018

Work on a project to maximize commercial shellfish harvesting levels is getting underway at the University of Connecticut Avery Point campus in Groton. A $75,000 grant from U.S. Department of Agriculture’s Natural Resources Conservation Service will enable Connecticut Sea Grant to use geographic information system technology to show what parts of Long Island Sound can best support the growth of shellfish. Geopgraphic information system technology takes layers of information and data and converts them into maps and three dimensional scenes. Work on the project is just getting underway. A report that identifies the best areas for shellfish bed restoration will be released in two years. Continue to full article
At first-ever U.S.-Australia defense summit, contractors share need for skilled workers

Friday, December 14, 2018

Despite activity not seen in decades due to increased military spending at the federal level, finding and retaining a skilled workforce remains a huge challenge, executives from Connecticut's big defense contractors said Tuesday morning. They were speaking at the first-ever U.S.–Australia defense summit, a two-day event hosted at the Mystic Hilton by U.S. Rep. Joe Courtney, D-2nd District, and Anne Evans, director of the U.S. Department of Commerce Trade Office in Connecticut. This year marks the 100th anniversary of diplomatic relations between the U.S. and Australia. Courtney referred to Australia as a “key ally and partner” for the U.S. in the Indo-Pacific...
Housing as a Component of Economic Development

Wednesday, December 12, 2018

In this episode of CERCONOMY, VP of Municipal Services, Courtney Hendricson, and President & CEO Bob Santy, discuss the topic of housing as a critical component of local economic development - a follow-up to their presentation at the Connecticut Housing Coalition Conference. With populations changing, municipalities need to consider the importance of housing to local economic development. Housing makes up approximately 70% of a town's assets, and town services are supported by property taxes, so it is critical that municipalities take a more inclusive approach and make investments where the demands are. Continue to full article
Preparing Our Communities to Be Competitive in the Business Recruitment Process

Monday, December 10, 2018

The months of September and October always represent periods of transition and change on the calendar. September marking the unofficial end of summer, as people prepare to return to school and work. October, often times, represents an upcoming change in elected officials and preparation for changes in policy. In these months, we also tend to enjoy nature at its best, and bare witness to its worst; as leaves begin to showcase a myriad of colors in the north, while our coastal counterparts in the south prepare for the environmental threats posed by tropical storms and hurricanes. But what remains a constant,...
Connecticut, New York Get Top Marks On Energy Efficiency Scorecard

Monday, December 03, 2018

The American Council for an Energy-Efficient Economy has released its annual State Energy Efficiency Scorecard. The scorecard ranks states in a variety of categories including utility savings, combined heat and power, and building energy codes. Connecticut placed fifth in the country, a spot higher than last year. New York ranked sixth. ACEEE Executive Director Steve Nadel says there are many benefits to adopting energy-saving policies like “...reducing energy bills for consumers and businesses, there are the emission reductions whether its greenhouses gases or other emissions such as fine particulates, there are economic development benefits…” Continue to full article
The Oyster Club

Saturday, December 01, 2018

Mystic Staple Wins Connecticut Restaurant of the Year Award Mystic’s Oyster Club is still a young company. The business opened its doors just seven years ago, which makes its rise to prominence in the restaurant world even more impressive. CEO Dan Meiser was named Restaurateur of the Year in 2016. And in December 2018, the Oyster Club earned the title of Restaurant of the Year for the East Region by the Connecticut Restaurant Association. “It’s an incredible honor to be nominated again,” Meiser reflected. “For us, it’s humbling because there’s so many amazing restaurants and chefs in this state. We’re proud to...
Defense, aerospace continue to be keys to state’s economy

Friday, November 30, 2018

The defense and aerospace industries may be the key to leading Connecticut out of its job-growth doldrums, according to a Fitch Ratings review of the 2019 Defense Authorization Act. The 2019 defense budget includes several billion dollars for projects that will impact Connecticut, including $10.6 billion to purchase 77 F-35 Joint Strike Fighters. Connecticut-based Pratt & Whitney, a subsidiary of United Technologies, is part of the partnership that makes the fighters. Continue to full article
Reinventing the Double Bass

Tuesday, October 30, 2018

Local company to launch a product that could revolutionize the musical world The double bass, with its ability to hit the lowest notes, plays a critical foundational role in orchestras and jazz bands.  But lugging the massive stringed instrument around is not easy. The double bass can stand as tall as 6 feet and typically weighs about 25 pounds. Musicians can’t just put it in their carry-on bags when traveling. Upton Bass has a solution to this problem. The local company, based in Mystic, has a product that could revolutionize the classical music industry. Founder Gary Upton has created a double bass...
Congressman Joe Courtney Tours New ThayerMahan Facility in Groton

Wednesday, February 13, 2019

On Friday, 1 February 2019, Congressman Joe Courtney (CT2) visited the headquarters of ThayerMahan Inc.  ThayerMahan recently completed a facility expansion which includes engineering spaces and its new state-of-the-art Autonomous Systems Operations Center. Congressman Courtney, who was recently elevated to Chairman of the influential House of Representatives Seapower and Projection Forces subcommittee, is a strong advocate of the Navy in general and undersea forces in particular. Click here for the full article 
Mystic Cheese: Modular shipping containers are being repurposed for food production.

Monday, February 04, 2019

The so-called “cheese pods” that have helped the Mystic Cheese Co. grow are actually upcycled containers, now being used by food producers across the country. On a 900-acre family-run dairy farm in Lebanon, Connecticut, two shipping containers sit among the barns and fields. Inside, in what is probably one of the smallest cheese-production facilities in the country, Brian Civitello creates cheeses that are winning the hearts of professional and home chefs alike. Click here for the full article 
‘Most modern sub in the world’ is commissioned

Monday, February 04, 2019

Ninety-two-year-old World War II veteran Richard "Dick" Hackley handed over the watch Saturday to Lt. Ben McFarland, a sailor assigned to the Navy's newest submarine. Hackley served as a radar operator on the USS South Dakota (BB 57), among the most decorated battleships of the war. McFarland, known as a plank owner, is among the first to serve on the fast-attack submarine USS South Dakota (SSN 790), which was commissioned at the Naval Submarine Base before a crowd of about 1,400 people. Another 800 watched on a screen from nearby Dealey Center on base. Click here for the full article
USS South Dakota: The Navy's newest submarine

Friday, February 01, 2019

Usually, the crew of a newly commissioned submarine run onto the boat. But, frigid temperatures are keeping the crew off the USS South Dakota under a heated tent for Saturday's ceremony. That's when the USS South Dakota becomes the Navy's newest submarine. Click here for the full article 
Connecticut DOT restores Shore Line East service

Tuesday, January 22, 2019

Six weekday trains will be restored to the Shore Line East schedule to replace scheduled bus service that has been operating since April 2018, the Connecticut Department of Transportation (CTDOT) announced earlier this week. In addition, two Friday-only trains now will operate every weekday to provide riders more travel options, department officials said in a press release. Click here for the full article 
See inside state's new namesake ship: USS South Dakota submarine

Thursday, January 10, 2019

For the first time in decades, a U.S. Navy ship named for the State of South Dakota is getting ready to join the fleet.     The future U.S.S. South Dakota, a 377-foot Virginia-class attack submarine, was featured in recent footage and imagery distributed by the Department of Defense in advance of the vessel's commissioning Feb. 2 in Groton, Connecticut.  Click here for the full article 
Where To Go In 2019 (and where to avoid)

Tuesday, January 08, 2019

In Reykjavik they’re dealing with a 25 percent year-over-year increase in tourists. Venice plans to charge day-trippers a tax to enter the city in an effort to curb the hordes of tourists. The daily number of visitors to Machu Picchu is double the number that UNESCO recommends. Barcelona residents were all but telling tourists “wish you weren’t here” in demonstrations targeting overtourism. Click here for the full article 
For many job seekers, manufacturing pipeline is a welcome gift

Monday, January 07, 2019

Most of the 18 students in the design engineering class are settled into their seats and working with the NX software when one man wanders in late, looking more dressed-up than most, in a button-down shirt, tie and suspenders. Instructor Cecil Carter stops to ask, "How was the interview, was it good?" The man replies with a thumbs-up. A woman later walks in, is asked a similar question and nonchalantly replies, "I got it." Carter doesn't seem to mind the tardiness, because the reason people are late is exactly why they're in this five-week, 150-hour course: to get a job, typically at...
Education center receives Navy grant to train people to build submarines

Wednesday, January 02, 2019

An education center in Rhode Island has been awarded a grant from the U.S. Navy to train people to build submarines. The Westerly Education Center says it received $750,000 from the Office of Naval Research to boost its capacities and equipment for workforce training and education in Rhode Island and Connecticut. Click here for the full article 

Friday, December 21, 2018

Today, Congressman Joe Courtney (CT-02) announced the award of a $62,100 federal Economic Development Agency (EDA) grant to the Naval & Maritime Consortium (formerly known as the Connecticut Undersea Supply Chain Consortium). The consortium, a partnership between the University of Connecticut and Thames River Innovation Place, is a network of companies that collectively addresses challenges, shares solutions, collaborates on opportunities, and capitalizes on the growing undersea supply chain. “Our region and our state are preparing for tremendous growth in submarine construction work in the coming years – and we need a robust supply chain to help meet the challenge,” said Courtney. “It’s all hands on...
Orsted, Eversource tout proposal, plans for New London

Friday, December 14, 2018

When Orsted built the world's first offshore wind farm in 1991, the turbines generated less than half a megawatt of electricity and stood 115 feet tall with a 115-foot rotor diameter. In the Orsted-Eversource joint proposal to deliver the state about 800 megawatts from an offshore wind farm in federal waters south of Martha's Vineyard, roughly 100 8-megawatt turbines could tower more than 600 feet above the water — double the height of the Statue of Liberty — with a 538-foot rotor diameter. If the state selects the proposal in its zero-carbon electricity auction, Orsted might consider an even larger, 10-megawatt turbine still in...