Your stories are Connecticut’s stories

From the Commissioner’s Desk

As you will see in this issue of The Business Edge, there has been a lot of positive economic development news in recent weeks. For example, major corporations like Stanley Black & Decker, Terex, XPO Logistics and Xerox are continuing to invest and grow in our state.

But there is a lot of great news that we at the state level – and the general public – may not know about. That’s where you come in.

If you have success stories or events that need promoting, just let us know by emailing them to decd@ct.gov. We will try to feature them on our social-media channels – Twitter (@CTDECD), Facebook (@CTDECD) and LinkedIn (search for “Connecticut Department of Economic and Community Development”).

By the way, if you’re not one of the more than 18,000 people following us on social media already, join us – our channels are filled with news of interest to the business community.

As 2017 draws to a close, I’d like to thank all of you, our partners and collaborators, for making Connecticut the best it can be and for helping us spread the word about all the great things happening in our state. We value your contributions and look forward to working with you in 2018. Happy Holidays!

Stanley Black & Decker to open a manufacturing research center in Hartford

Stanley Black & Decker, a pillar of Connecticut’s manufacturing history, announced plans to open a facility in Hartford designed to propel it and industry into the future.

The Advanced Manufacturing Center of Excellence, which it will call Manufactory 4.0, will focus on the use of data and the “internet of things” – digitally operated building systems – that will accelerate the company’s “smart factory” initiative. The center will house about 50 experts in new manufacturing technologies who will train personnel from other companies in those technologies. Already, three of Stanley’s 30 U.S. manufacturing facilities have begun implementing these technologies.

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13 companies commit to grow and create or retain 4,500 jobs with state support

Thirteen companies in a variety of sectors and sizes have committed to creating 1,594 new jobs and retaining 2,949 jobs with support approved by the State Bond Commission. The support helps companies pay for building improvements, new equipment and relocation expenses.

Among them: Women’s Integrated Network, which committed to bringing 58 jobs and creating up to 46 more in its move from New York; Preferred Display, which committed to retaining 80 jobs and creating 80 more as it moves some of its operations from New Jersey; and Henkel, which committed to retaining 678 jobs and creating 266 more in moving one of its divisions from Arizona.

Get the details

Connecticut rolls out the red carpet for medical-technology firms from ‘Startup Nation’

Connecticut has begun attracting technology startups from Israel, and is working to bring more. One example of these efforts occurred recently in Hartford, where state and city officials, joined by representatives of some of the region’s largest employers, hosted a delegation of medical-technology firms.

A handful of companies from what is sometimes known as “Startup Nation” has already begun putting down North American roots in Connecticut. DECD and Connecticut Innovations have supported some of those companies with low-interest loans. An Israeli official with the delegation said he is trying to organize another such trip in 2018.

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Innovation Places projects under way after completing funding agreements with CTNext 

Four Innovation Places teams are proceeding with development of plans to attract talent after completing grant agreements with CTNext, which is overseeing the initiative. CTNext is a Connecticut Innovations subsidiary created to foster entrepreneurship.

Innovation Places are four localities where businesses and local leaders are coming together to create dense, vibrant areas that will attract the talent high-growth companies seek. The four awardees – New Haven, Hartford-East Hartford, Stamford and Thames River (the New London / Groton area) – were selected from 12 communities across the state that applied.

See their plans

Helping businesses be more successful.

Questions or Request? Please email us at: Info@WindhamChamber.com

Windham Region Chamber of Commerce
1010 Main St., P.O. Box 43
Willimantic CT 06226
Phone: (860) 423-6389
Fax: (860) 423-8235

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