Gov. Malloy announces big increase in Connecticut jobs

Wednesday, December 05, 2018

Gov. Dannel Malloy announced an increase in job growth across Connecticut. In the last year, 23,000 private sector jobs have been created.  It’s the biggest one-year gain since 2011. Following a Bond Commission meeting, Malloy said the news was a win. The commission also approved $10 million to build more affordable housing units, and $300 million toward roads and infrastructure.  Continue to full article
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
Connecticut Home Sales and Prices Take Off

Wednesday, November 14, 2018

HARTFORD: Continuing good news for home sellers and Realtors Single-family home sales in Connecticut increased in July on a year-over-year basis. Price improvement was also part of the story as the median sale price hovered at a five-year high, according to the latest report from The Warren Group, publisher of The Commercial Record. A total of 3,942 single-family homes were sold in Connecticut last month, compared to the 3,686 homes sold in July 2017 – a hefty 7 percent increase. The median single-family home price increased 4.1 percent on a year-over-year basis to $280,000, the median sale price remained unchanged from June. Sales momentum...
State Strategies to Help Businesses Launch and Expand

Wednesday, November 07, 2018

Innovative approaches to regulation can boost opportunities for growth State governments can undermine opportunities for investment and job creation when businesses spend too much time or money on inefficient regulatory processes, or when new business projects get delayed because firms don’t understand how to comply with the rules. To address this challenge, state policymakers can focus on two types of reforms. First, they can improve the efficiency of regulatory systems so businesses can comply with the rules in a less costly and time-consuming manner. Second, they can partner with businesses to increase compliance as well as economic opportunity. Together, these changes form a powerful economic development strategy...
New England’s Regional Defense Industry Collaboration

Monday, November 05, 2018

The new organization, funded with a $1.5-million grant from the department of defense, will coordinate the growth of defense-related business across the six-state region. Connecticut, Vermont, New Hampshire, Maine, Massachusetts and Rhode Island have received a joint grant of $1.5 million from the U.S. Department of Defense’s Office of Economic Adjustment to create the New England Regional Defense Industry Collaboration. Over the next 18 months, the funding will be used by the organization to coordinate the growth of defense-related businesses across the six-state New England region. The primary goals will be to aid small and midsize businesses in meeting new cybersecurity requirements...
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...
Designs unveiled for consolidated middle school in Groton

Friday, December 14, 2018

Architects this week unveiled design plans for the approximately 155,000-square-foot new consolidated middle school proposed at the former Merritt Farm property near Fitch High School. Superintendent Michael Graner said the Permanent School Building Committee and a group of educators, from teachers to administrators of both middle schools, worked hard with the architects to ensure the design for the new middle school meets the needs of both the arts and humanities program currently at Cutler Arts and Humanities Magnet Middle School and the Science, Technology, Engineering and Math program at West Side STEM Magnet Middle School. Click here for the full article 
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...
Destination Location: News 8 Visits Mystic

Thursday, December 13, 2018

Let's head to Mystic this morning! Today's Destination Location is actually a village located in two towns:  Groton and Stonington, right along the picturesque Mystic River. It's one of the most popular destinations in New England. Visitors flock to its shops, restaurants and spots like Mystic Seaport, but tourists and locals alike love the town's beauty. Watch the video above to see what our viewers had to say! Click here for the full article 
Destination Location: News 8 Visits Groton

Wednesday, December 12, 2018

  Today's destination location is the submarine capital of the world! You'll find Groton between the Thames and Mystic rivers. The town is named after Groton in England but got its nickname when the Electric Boat Division of General Dynamics made 74 diesel submarines for the Navy during World War II. Its shoreline location makes it a popular tourist spot during the summer but the locals love it year round. Watch the video above to hear what they had to say! Continue to full article    
Groton business owner directs improv toward scientists, ‘others who want to have fun’

Friday, December 07, 2018

"The sky is green today," asserted Bridget K. Brown, owner of StoryMatters LLC. Ignite Program Manager Emma Palzere-Rae replied, "Yes, and it looks like it's going to rain."  "The rain will come down in poodles." "Yes, and my cat will be doubly upset." Anyone remotely familiar with improvisational comedy knows that "Yes, and..." is the first rule, meant to signify that a participant should always accept the premise of another participant, and then expand on it. But Brown's style of improv is not about comedy.  "We're not trying to teach you how to be a character. We're not trying to teach you how to be...
Holiday sights, sounds fill Mystic

Friday, December 07, 2018

Mystic — Shoppers and revelers took to the streets of downtown Mystic on Tuesday for the Holiday Stroll & Luminara. Click here for pictures from the event
Lamont launches economic revitalization tour in southeastern CT

Wednesday, December 05, 2018

Gov.-elect Ned Lamont launched a series of strategic economic development tours Friday with a visit to Connecticut’s southeastern corner, saying the region exemplifies the state’s potential for growth. Lamont and Lt. Gov.-elect Susan Bysiewicz, along with the region’s state legislative delegation, met with business, labor, education and municipal leaders, as well as representatives of the tribal casinos and regional economic development boards. Click here for the full article 
SeCTer breakfast focuses on region’s ‘strengths and opportunities’

Wednesday, December 05, 2018

As president of the Eastern CT Workforce Investment Board, John Beauregard hated giving presentations from midway through the Great Recession until about 2014. He said he would walk into a room and be "a wet blanket." But he was happy to be at Port 'N Starboard for the annual breakfast of the Southeastern Connecticut Enterprise Region (seCTer) on Wednesday, bringing news about the positive ways in which the local economy has "decoupled itself from the state." Click here for the full article 
Meet the U.S. Navy's Deadliest 'Stealth' Submarine Ever

Wednesday, November 28, 2018

Navy developers tell Warrior the service is already making substantial progress in building a new 84ft section into Block V Virginia-Class attack submarine for the purpose of massively increasing firepower. The US Navy is arming a new fleet of attack submarines with stealthy “quieting” systems, new weapons, next-gen sonar and additional advanced undersea warfare technologies to enable its future boats to execute massive land-attacks, perform “covert insertions” of forces and conduct reconnaissance missions undetected. Click here for the full article 
Why Losing Out on Amazon HQ2 Isn't So Bad for Cities

Monday, November 19, 2018

After a yearlong and very public deliberation over the location of its second headquarters, Amazon this week disappointed some policymakers when it announced that it would split HQ2 into two locations, one in New York City and the other in the Washington, D.C., metro area. In choosing New York and D.C., Amazon opted for two cities that have led the economic expansion since the end of the last recession in 2009, far outpacing the rest of the nation in job growth. The decision drew the ire of politicians at the state and federal levels, along with others who had called on the tech giant...
Groton air traffic control tower named ‘facility of the year’

Thursday, November 15, 2018

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. Click here for the full article 
Connecticut’s economy growing at faster pace

Wednesday, November 14, 2018

Connecticut's financial picture appears to be brightening somewhat, Gov. Dannel P. Malloy's budget director told state lawmakers Tuesday. The state's economy is "growing at a much faster pace than it has (over) the last eight years," Ben Barnes, Office of Policy and Management secretary, told the General Assembly's Appropriations Committee. The news comes as Malloy prepares to leave office in January. A new consensus revenue report released Tuesday shows gradual, projected declines in some other state revenues, including payments from the tribal casinos and the cigarette tax. However, there's a gradual projected increase in revenue for the state's main transportation account over...
In first trip as governor-elect, Lamont talks economic development in New London

Wednesday, November 14, 2018

In his first trip since winning the gubernatorial election, Ned Lamont stopped at the Garde Arts Center midday Friday for a meeting with local elected officials and business leaders, and then visited Electric Boat. The meeting was closed to the media but Lamont and Lt. Gov.-Elect Susan Bysiewicz afterward spoke to reporters about the discussion of advanced manufacturing, tourism, gaming, energy and offshore wind. Click here for the full article 
Naval & Maritime Consortium launches

Wednesday, November 14, 2018

Economic development and workforce professionals, higher education leaders and elected officials gathered at the University of Connecticut at Avery Point on Thursday evening for the launch of the Naval & Maritime Consortium. Previously known as the Connecticut Undersea Supply Chain Consortium, it is a Thames River Innovation Place project that involves a partnership with UConn. Funded by the public-private network CTNext, TRIP is a collection of programs designed to spur innovation in Groton and New London. Click here for the full article 
Officials eye growth for Groton-New London, Bradley airports

Wednesday, November 14, 2018

The Connecticut Airport Authority's executive director sees the potential for growth at Groton-New London Airport, calling it one of the airports in the state that shows the most promise. Not only is Groton-New London the only one of the five general aviation airports in the state that has the certification to handle commercial service, but its location in an area with a unique mix of companies and the casinos also is a plus, the executive director, Kevin Dillon, said Tuesday. Click here for the full article 
Pfizer’s Groton facility plays key role in recent FDA approvals

Tuesday, November 13, 2018

Pfizer Inc. is on a roll, gaining U.S. Food and Drug Administration approval of three anti-cancer drugs in the last two months. Lorbrena, the most recently approved of the three, got the nod in early November, Pfizer has announced, following clinical trials that demonstrated its effectiveness in treating non-small cell lung cancer among patients with a specific gene mutation. In October, the FDA approved Talzenna for certain breast cancer patients, and in September it approved Vizimpro, a first-line treatment for patients with metastatic non-small cell lung cancer. As with virtually all Pfizer products, the drugs were developed, in part, at the New...
$850 Million. Nearly 2,000 Jobs. Electric Boat Looks To Expand Its Groton Shipyard

Wednesday, October 24, 2018

Electric Boat plans to spend $850 million to significantly expand its Groton shipyard as the Navy picks up the pace of submarine construction and design to face down threats from China and Russia. The subsidiary of General Dynamics Corp. is building two Virginia-class attack submarines a year and is designing the ballistic Columbia-class submarines to be ordered from 2021 to 2035, replacing the aging Ohio-class subs. To keep up with demand for the two submarine programs, Electric Boat projects it will need 18,000 workers by 2030. The workforce reached 16,500 last year, the most in 25 years. Click here for the full article
10 Best New England Christmas Towns

Friday, October 19, 2018

Nestled along the banks of the Mystic River, the historic downtown of Mystic, Connecticut, is the perfect place to celebrate the holiday season. Don’t miss the lighted boat parade (including Santa’s arrival by tugboat) to kick off the season, and Mystic Seaport’s Lantern Light Tours, running weekends from Thanksgiving through Christmas. Click here for the full article