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 firstname.lastname@example.org. 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.
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.
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.
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.
At its recent annual meeting, Windham Hospital announced the addition of two new board members, and seven corporators who will help govern and guide the facility. Outgoing board chair Dennis Hannon passed the leadership of the board on to long-time corporator and board member Lin Klein, PhD. Klein, a faculty member in the School of […]
Willimantic CT- Eastern Connecticut State University will be hosting the Second Annual Campus Sustainability Week from Oct. 1-7. The Institute for Sustainable Energy (ISE) will host numerous events for students, faculty and staff designed to promote sustainable actions throughout the state’s higher education institutions. This weeklong celebration is being coordinated by the Connecticut Alliance for […]
WILLIMANTIC—Willington resident Codi Bierce and Columbia’s Nicole Moore are the recipients of the Auxiliary to Windham Hospital’s Anne L. Card Memorial Scholarship for 2014. The scholarship, named in honor of the late Anne L. Card who was a 50-plus year member of the Auxiliary and a dedicated volunteer at the hospital, awards two $1,000 scholarships […]