Category: Business

Governor Lamont announces six Connecticut manufacturers receiving grants for new additive manufacturing equipment

HARTFORD, CT – Governor Ned Lamont, the Connecticut Department of Economic and Community Development, and the Connecticut Center for Advanced Technology (CCAT) announced last week that six manufacturers in Connecticut will be receiving a total of $600,000 in grants to facilitate the adoption of additive manufacturing in their operations. Under the Additive Manufacturing Adoption Program…

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Connecticut Attorney General Tong warns consumers in the state to be vigilant of price gouging ahead of Hurricane Henri

Hartford, CT – As Hurricane Henri heads for Connecticut, Attorney General William Tong is warning Connecticut consumers to be vigilant of price gouging and price hikes. During states of emergency, price gouging is illegal and this includes in demand items such as generators and gas. “Price gougers take advantage of our fear. We’re all worried…

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Eversource Increases Number of Possible Power Outages as Connecticut Braces for Hurricane Henri, restorations could go 8 to 21 days

Company to declare an Emergency Response Plan Level 2; 50 to 69% of customers could lose power; restorations could go 8 to 21 days BERLIN, Conn. (August 21, 2021) – With Hurricane Henri expected to make landfall early Sunday morning along Connecticut’s shoreline, Eversource is increasing the number of possible outages the storm could cause.…

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First County Bank Expands Commercial Lending Division

STAMFORD, CT – First County Bank expands its commercial banking division, with the hiring of Tripp Moore and Robert O’Brien, as Vice President, Commercial Banking Officers. Moore and O’Brien, who have over 30 years of combined commercial lending experience, will be responsible for developing new commercial relationships for the Bank by providing customized lending and…

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Murphy, Pallone call for investment in coastal resiliency projects to combat climate change and create jobs

WASHINGTON, CT – U.S. Senator Chris Murphy (D-Conn.) and U.S. Representative Frank Pallone, Jr. (NJ-06) wrote to President Biden on Friday requesting support for living shoreline coastal resiliency projects that will help coastal communities combat climate change and rebuild the economy. President Biden’s American Jobs Plan specifically calls for investment in nature-based infrastructure to maximize…

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Governor Lamont announces Connecticut receives first credit rating upgrade in more than 20 years

HARTFORD, CT – Governor Ned Lamont on Wednesday announced that Moody’s Investors Service has upgraded Connecticut’s General Obligation bonds credit rating from “A1” to “Aa3,” making it the first credit rating upgrade the state has received since February 2001. “This upgrade from Moody’s is the first for our state in more than 20 years and…

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Payroll jobs post slight January 2021 decline (-100): unemployment rate at 8.1% on newly benchmarked data

WETHERSFIELD, CT – Connecticut payroll employment was essentially unchanged in January 2021, dropping just 100 jobs (‑0.01%) after a revised 4,600 (‑0.3%) decrease in December 2020. This is the third monthly job loss after six consecutive seasonally adjusted monthly jobs gains. Statewide employment is now 127,300 (-7.5%) positions lower than a year ago at 1,570,700…

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