CT News Junkie

A Connecticut news site that understands the usual media offerings just…aren’t…enough.

Economic Development

February 9, 2018

Lawmakers Unhappy With Move To Make Second DECD Job Permanent

by Christine Stuart | Feb 9, 2018 5:30am
Posted to: Economic Development | Labor | State Budget

Screengrab of DECD website
HARTFORD, CT — The Department of Economic and Community Development is looking to make the position of Community Development Assistant Administrator a permanent position in the agency.

Continue reading "Lawmakers Unhappy With Move To Make Second DECD Job Permanent" »

February 1, 2018

OP-ED | When It Comes to Transportation Funding, We’re On Our Own

by Susan Bigelow | Feb 1, 2018 7:00pm
Posted to: Analysis | Economic Development | Opinion | Public Safety | State Budget | Taxes | Transportation | Trade, Transportation, Utilities Sector

notsuperstar via shutterstock
Gov. Dannel P. Malloy announced his support for tolls on Connecticut highways this week as part of a package to raise revenue for our creaking transportation system. The usual suspects are angry, but they have no right to be. We’re out of other options.

Continue reading "OP-ED | When It Comes to Transportation Funding, We’re On Our Own" »

January 25, 2018

OP-ED | Good News is Hard to Take

by Susan Bigelow | Jan 25, 2018 7:48am
Posted to: Analysis | Economic Development | The Economy | Opinion

U.S. Bureau of Economic Analysis
Connecticut’s economy grew by 3.9 percent during the third quarter of 2017, ranking us as one of the fastest-growing economies in the entire nation.

Wait, no, that can’t be right. Can it?

Continue reading "OP-ED | Good News is Hard to Take" »

January 22, 2018

Lawmakers Wary Of Move To Make DECD Job Permanent

by Christine Stuart | Jan 22, 2018 4:42pm
Posted to: Arts | Economic Development

Christine Stuart / ctnewsjunkie
HARTFORD, CT — (Updated Jan. 23) The job description says it’s a “unique management position” for someone “who has a passion for the arts, culture or preserving the historic assets of Connecticut.”

But critics say it would make permanent a position in the Department of Economic and Community Development at a time when the state is facing massive budget deficits.

Continue reading "Lawmakers Wary Of Move To Make DECD Job Permanent" »

January 12, 2018

DC NEWS JUNKIE | Trump Touts QPoll’s Upbeat Finding on Economy

by Peter Urban | Jan 12, 2018 5:29am
Posted to: Business | Real Estate | Congress | DC News Junkie | Economic Development | The Economy

Devesh Khanna via Shutterstock
President Donald Trump turned to the Quinnipiac University Poll on Thursday to highlight the public’s view that the U.S. economy is on the right track.

“In new Quinnipiac Poll, 66% of people feel the economy is “Excellent or Good.” That is the highest number ever recorded by this poll,” he tweeted.

Continue reading "DC NEWS JUNKIE | Trump Touts QPoll’s Upbeat Finding on Economy" »

December 19, 2017

Malloy Looks To Commission To Help Preserve His Legacy, Jump Start Legislature

by Christine Stuart | Dec 19, 2017 5:29am
Posted to: Economic Development | The Economy | State Budget | Pensions | Taxes | State Capitol | Transportation

Christine Stuart  / ctnewsjunkie HARTFORD, CT — Gov. Dannel P. Malloy is hoping a 14-member group of business leaders can help him convince the legislature to make some tough, but necessary progress in his final year in office.

Continue reading "Malloy Looks To Commission To Help Preserve His Legacy, Jump Start Legislature" »

December 1, 2017

OP-ED | For Sale: Old Building Full of Ghosts

by Susan Bigelow | Dec 1, 2017 10:00am
Posted to: Analysis | Business | Real Estate | Economic Development | Opinion | Hartford

susan bigelow / ctnewsjunkie
This week the state Bond Commission voted to borrow $40 million for upgrades to the XL Center, in the hopes of tricking some poor sap into buying it. Good luck with that.

The newly passed state budget authorized the cost of the upgrades and the purchase of the nearby atrium and retail space, all in an effort to make the building attractive enough to investors to sell it by 2019. I haven’t found any evidence of private investors going around buying up aging arenas, but maybe the people who came up with the budget know something I don’t. Who can say?

Continue reading "OP-ED | For Sale: Old Building Full of Ghosts" »

November 27, 2017

Wall Street Watches As Budget Gaps Continue To Pop Up

by Christine Stuart | Nov 27, 2017 5:30am
Posted to: Business | Economic Development | Workforce Development | The Economy | State Budget

Courtesy of Moody's HARTFORD, CT — At least one Wall Street rating agency is worried about Connecticut’s newly projected revenue shortfall.

Continue reading "Wall Street Watches As Budget Gaps Continue To Pop Up" »

November 21, 2017

Business Owners Report Mixed Outlook

by Christine Stuart | Nov 21, 2017 11:10am
Posted to: Business | Economic Development | Workforce Development | The Economy | Manufacturing Sector

ctnewsjunkie file photo HARTFORD, CT — Connecticut businesses are reporting a mixed outlook for their firms, according to a survey released Monday by the Connecticut Business & Industry Association.

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November 20, 2017

State Bond Commission Poised To Approve Money To Remediate Blight

by Christine Stuart | Nov 20, 2017 1:40pm
Posted to: Business | Real Estate | Economic Development | The Economy | Manufacturing Sector | Environment | Hartford

Christine Stuart / ctnewsjunkie HARTFORD, CT — Standing outside the site of a former manufacturing company on Homestead Avenue, Gov. Dannel P. Malloy announced Monday that the state planned to dole out another $13.6 million to clean up blighted and contaminated properties known as brownfields.

Continue reading "State Bond Commission Poised To Approve Money To Remediate Blight" »

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