CT News Junkie

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July 16, 2018

Senator Questions $10M for Company Coming to West Hartford

by Christine Stuart | Jul 16, 2018 4:00am
Posted to: Business | Economic Development | The Economy | Technology sector | Financial Sector | Jobs | West Hartford

Christine Stuart / ctnewsjunkie

HARTFORD, CT — While he was “cautiously optimistic,” Senate Republican President Len Fasano has serious concerns about the state’s decision to give Seven Stars Cloud $10 million to bring its headquarters to the former University of Connecticut campus in West Hartford.

Continue reading "Senator Questions $10M for Company Coming to West Hartford" »

July 3, 2018

Financial Technology Firm Eyes Former UConn Campus

by Christine Stuart | Jul 3, 2018 2:07pm
Posted to: Business | Economic Development | The Economy | Technology sector | Financial Sector | West Hartford

Christine Stuart / ctnewsjunkie

HARTFORD, CT — The greater Hartford region is fast becoming a “technology hub” and the latest addition to that innovation ecosystem may be Seven Stars Cloud, a Chinese company hoping to use artificial intelligence and blockchain technology to transform financial markets.

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July 2, 2018

From Tool Manufacturing Hub To Data Center

by Christine Stuart | Jul 2, 2018 3:54pm
Posted to: Business | CT Tech Junkie | The Economy | New Britain

Christine Stuart / ctnewsjunkie

NEW BRITAIN, CT —  An old dilapidated Stanley, Black & Decker factory in downtown New Britain is in the midst of being transformed into a high-performance computing and data center for the 21st Century.

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June 29, 2018

House Sinks Courtney’s Bid for Three-Sub Buy in 2022

by Peter Urban | Jun 29, 2018 4:05am
Posted to: Business | US Foreign Policy | Congress | DC News Junkie | The Economy | Manufacturing Sector | Federal Budget | Jobs | Manufacturing | Military Spending | National Security

NITED STATES NAVY / WIKIMEDIA COMMONS

The House this week overwhelmingly rejected an amendment proposed by Representative Joe Courtney that would have allocated an additional $1 billion within the Defense appropriations bill to the Navy to allow for the service to begin ordering three Virginia-class submarines a year starting in 2022.

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June 22, 2018

Connecticut’s Neighbor Is On The Verge of Paid Family Medical Leave

by Christine Stuart | Jun 22, 2018 11:30am
Posted to: Business | Child Welfare | Health Care | Insurance | Jobs

HARTFORD, CT — Massachusetts Gov. Charlie Baker, a Republican, has signaled he’s open to signing legislation that would create a 12-week paid family leave and 20-week paid medical leave program.

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June 14, 2018

Connecticut Adds Jobs In May, But Economist Says It’s Still Moving ‘Sideways’

by Christine Stuart | Jun 14, 2018 12:40pm
Posted to: Business | Jobs | Labor

Courtesy of Gov. Malloy's office

HARTFORD, CT — If the 4,100 jobs Connecticut gained in May hold up through 2018, then the state will have recovered 81 percent of the jobs lost in the 2008 recession.

Continue reading "Connecticut Adds Jobs In May, But Economist Says It’s Still Moving ‘Sideways’" »

June 11, 2018

Poor People’s Campaign Calls For $15 Minimum Wage

by Christine Stuart | Jun 11, 2018 4:58pm
Posted to: Business | The Economy | Equality | Jobs | Labor | Nonprofits | State Capitol

Christine Stuart / ctnewsjunkie

HARTFORD, CT — It’s the fifth Monday that Bishop John Selders and a group of community advocates gathered outside the Legislative Office Building in Hartford to reignite the Poor People’s Campaign.

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New Haven-Hartford-Springfield Train Line To Debut

by Jack Kramer | Jun 11, 2018 4:00am
Posted to: Business | Economic Development | Jobs | Transportation | Rail | Berlin | Enfield | Hartford | Meriden | New Haven | Newington | North Haven | Wallingford | West Hartford | Windsor | Windsor Locks

Contributed by Emily Woodward Tracy

(Updated 11:00 p.m.) HARTFORD, CT — New rail service announcements have become routine as Connecticut’s reliance upon trains has increased over the years, but the debut of the $755 million Hartford Line has brought with it some added buzz.

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June 6, 2018

Malloy Vetoes Small Manufacturing Tax Credit Bill

by Christine Stuart | Jun 6, 2018 6:34pm
Posted to: Business | The Economy | Manufacturing Sector | Taxes | State Capitol

Christine Stuart / ctnewsjunkie

HARTFORD, CT — Gov. Dannel P. Malloy vetoed a bill Wednesday that would allow owners or shareholders of pass-through entities like S corporations, partnerships or limited liability companies to use the manufacturing apprenticeship tax credit against their personal income tax liability.

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June 1, 2018

Jobs and Transportation Top Bond Commission Agenda

by Christine Stuart | Jun 1, 2018 12:54pm
Posted to: Business | Economic Development | The Economy | Financial Sector | Federal Budget | Town News | Jobs | Manufacturing | Military Spending | National Security | State Budget | State Capitol | Transportation | Wall Street

Christine Stuart / ctnewsjunkie

HARTFORD, CT — The state Bond Commission approved $233.5 million in general obligation bonds Friday, including $1.5 million for a Massachusetts manufacturing company to relocate to Putnam, $9 million for PriceWaterhouseCoopers LLP to expand in Stamford, and $35 million to help Electric Boat in Groton ramp up for production of Columbia class submarines.

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