Business New Haven August 2015

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CBIA survey Reveals Ct Biz Exports Up Annual Survey of States Exporters Released

The vast majority (89%) of Connecticut businesses engaged in international trade are small and mid-size enterprises employing fewer than 500 workers. Transportation equipment, industrial machinery, and computer and electronic equipment top that list of state exporters. Recently, the Connecticut Business & Industry Association (CBIA) surveyed businesses with export potential, reaching 140 com-panies that participated.

With a signifi cant concentration of service export-related business excluded from the survey, results revealed that Connecticut achieved record export levels in 2013, with trade in commodities reaching $16.5 billion and contributing to an all-time high of $2.3 trillion in U.S. exports. Mirroring the national trend, Connecticut companies with export potential engaged in international trade have seen a surge in export numbers from 35% reporting export activity in 2007 to 79% currently reporting export activity. Most of those surveyed report increased sales and profi ts to be their primary motivation in entering foreign marketswith some respondents attribut-ing almost a quarter of revenue to export activity.

Continued on page 9

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On the ReCORD

Brian Kench is the new dean of the University of New Haven School of Business. A Massachusetts native, Kench has a Ph.D. in economics from the University of Connecticut. UNH has grown from 1,700 students to 4,600 undergraduate and 1,800 graduate students in the past decade. Kench was previously chair of the economics de-partment at the University of Tampa in Florida. He comes to UNH as the busi-ness school has recently been accredited by the AACSB [Association to Advance Collegiate Schools of Business] Editor and Publisher Mitchell Young inter-viewed Kench for On The Record

We hear a lot about small busi-nesses creating jobs. How do you see that sector going forward?

Small business owners do create jobs, but the percentage of new businesses that are small businesses is declin-ing. Larger businesses are expanding and in terms of innovation, we think it probably does come from larger busi-nesses. Entrepreneurship is an impor-tant piece of the American economy and we ought to be able to incentivize folks to start [businesses].

We had this great recession that is a big part of it, folks are struggling, the demand side is yet to come back, so economic growth is not great. If you look at what the potential GDP would be if we were using our resources fully versus where we are, there is an enormous gap that still persists.

Do economists think this is a function of the global nature of our economy or is this some-thing structurally wrong with what were doing in the U.S.?

There is a global demand issue. If you look at China and what theyve done with their currency; they are facing a challenge in their country. The de-mand isnt there for jobs meanwhile inventories are increasing. Thats a big deal because the growth rate was [previously] around 10-11% for China and now around 7%, which is a huge

drop for them. Its not only a drop for them, its a drop for all the other coun-tries around the world where [China] is buying their products and using their services. When Chinas economy slows, the rest of the world feels it. It is a potential to further slow down U.S. economic growth.

On the supply side it is education. If you are going to compete globally, you have to have a well-educated work force.

Thats what we think about what were doing here: providing the kids with skills they need to compete, thats my mantra. We will provide the kids that come through the University of

New Haven College of Business with the skills they need to compete in the marketplace.

There is no question that if you have a good solid college education, you will be better prepared in the workforce and you will have a higher standard of living going forward. Those that have no high school [diploma] or just high school took the brunt of the unemploy-ment crisis [during the recession]. That screams: if you get an education youll be better off in the long run.

The U.S. is said to have a 70% consumption-driven economy, there are three hundred million

people in the U.S. and six bil-lion in the world, does it make sense that were the consumer of the six billion instead of us being a production-driven economy?

Heres the good news. Its sixty-eight, sixty-nine now [laughs], its going in your direction. What we do know is, if the consumer slows down that the economy will slow. It is no surprise that every politician would like to see the growth rate rise so we want to incentivize the consumer to spend more.

How much does this really help the economy if all that happens is we get something cheap that was made in China from a big box store?

Individuals are always tying to opti-mize their own happiness, whether they are buying their pants from China or New Haven, theyre making a rational decision to purchase some-thing. When they have an opportunity to purchase it for a few dollars less, it frees up their budget to buy other things. It is a net plus, potentially you could buy things at a local farmers market that you wouldnt be able to afford otherwise. The same story would go for lower gas prices, youre still likely to buy the same amount of gasoline, but it frees up your budget to buy other things. So trade with China or India is a net plus to the local economy because the consumer has more money to spend.

Should we be trying to not be at sixty-nine or seventy percent [consumer], to be more of a production-driven economy like Germany?

This gets to the long run issue, maybe we have a savings issue. In the U.S., the savings rate actually went up in the recession. If you want to encour-age savings, the trade-off is you are discouraging consumption. Then you will have a lower growth rate. But if you do encourage savings you are less

A New Economic ModelUNH Dean Wants Students To See Business

Through An Economic Lens

Continued on page 6

Individuals are always tying to optimize their own happiness

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5august 2015

Very hard to know where to start ... As a lifelong resident, and of a family with many generations here, I have witnessed the erosion of this state as fiscal power house. I have seen manufacturing decline and along with it, good paying jobs . The family company I worked for - now closed - contrib-uted to this Connecticut economy since 1874 , but now it is not producing machine parts or jobs ..... It is lost. And My company is hardly alone .... Bullard, Winchester, Geometric Tool, High Standard, Marlin, Mossberg, Avco, Bridgeport Brass, New Britain Machine, New Haven Trap Rock, not to mention the vendors that those companies sup-ported .... New Haven Heat Treat, Bridgeport Gear and Worm, Hawley Hardware, Bamber Tool, Flagg Industrial Supply, Hamden Deep Hole Drill. And there are many more, as these examples are off the top of my head.

Manufacturing and busi-ness have been a conve-nient whipping boy for Connecticut government to use .... Need money? Well lets burden busi-ness rather than regular taxpayers... A familiar refrain for many years. Many great companies have fled the state as a result. Pratt and Whitney

recently accepted a $400 million dollar bribe from the state to stick around for a few more years, merely postponing the inevitable. Sikorsky, recently sold by United Technologies , and how long do you think it will take for them to leave for a more advantageous situation in another state? Too big to move out ? Ask North Haven what hap-pened to its tax base when Pratt and Whitney aban-doned its 1,000,000 square foot factory several years ago. And now, since the re-cent proposed tax increase on business, Governor Cuomo is trying to get General Electric to move to New York with tax rates lower than Connecticuts.

Connecticuts situation is not good ..... The so called recovery has been slowest to come here, unemploy-ment is among the worst to recover in the country, people continue to flee the state, heading south and west for places with lower cost of living, our children leave for college and dont return after graduation if they are lucky enough to find a job, the state contin-ues to issue debt as a des-perate measure to cover its spending levels; lets put tolls on the highway, lets permit more casinos lets increase gas taxes. The ef-fort is more about increas-ing revenue, rather than trimming costs. Politicians

with their coiffed hair and tailored suits want more programs, investigations, and establish comissions to get to the bottom of this situation. They make compelling arguments..... But I think we need more restraint. I think the pen-dulum needs to swing the other way.

No one in the state wants to eliminate a hand up for people in need .... Its not our way. But proper responsible management, and common sense should prevail ... Business must respond to competition and markets, government does not. Business pays taxes, and will continue to do so, but they also pay divi-dends, much of which con-tributes to pension funds and 401 Ks, provides jobs to employees, buys support services such as venders, suppliers, lawyers, and accountants, all of whom pay taxes.

I worked for over 40 years at my familys business, a proud manufacturer since 1874, and now I am faced with a decision... Leave the state to be more able to af-ford my retirement, or stay and find another job in a state that does not provide the atmosphere that would foster more jobs....

David Holbrook The Herrick and

Cowell Co.

G.E. Courted By New York, Texas, Florida...

States Asked To Pitch In Subsidy Beauty Contest To Lure Company

When Connecticut lawmakers passed more than $1bil-lion in tax hikes

this year, General Electrics CEO Jeff Immelt got vocal. Although legislators rolled back around $178 million and postponed other taxes, G.E. was concerned that the State was creating an un-friendly climate in which to do business. Immelt announced that GE would be exploring options for an out-of-state move.

GE has 5,700 employees in Connecticut, chiefly in the Norwalk offices of the GE Capital finance arm that the parent is shrinking to focus on manufac-turing operations. About 800 workers are located at Fairfield headquarters in Fairfield.

Ripe for the plucking, New York governor Andrew Cuomo has come courting, inviting GE to move headquarters 30 miles away to Westchester County. Currently, GE is the largest property tax payer in the town of Fairfield, but property taxes in New York are higher than in the nutmeg state. GE was incorporated in New York and since 1992, New York has given GE almost $27 million in subsidies, yet still had to weather numerous GE layoffs and envi-ronmental clean-ups that GE left unfinished in the state.

State Sen. Brad Hoylman, a Manhattan Democrat who signed a letter to the company, said in a statement, I think this develop-ment is all the more reason why GE should want to do right by the people of New Yorkpossibly its new homeand complete its cleanup of the Hudson River.

GE is also purported to be look-ing at Atlanta and Dallas as poten-tial new homes. Governor Malloy made a recent presentation to the company, along with other states, including Georgia and Texas, all of whom were invited to pitch their locations and whatever ben-efits packages of tax cuts and sub-sidies they could cobble together to lure the manufacturing giant. Word is still out on who won the beauty contest.

Its not just the states vying to pla-cate G.E.s notorious tax-dodging strategy that remains an integral part of the companys bottom line, regulatory filings show that during the recession between 2006-2011, G.E. accumulated $26 billion in American profits, and received a net tax benefit from the I.R.S. of $4.1 billion.

At a time when Connecticut is shedding manufacturing jobs, however, recent numbers reveal that G.E. was actu-ally a bright spot, according to Manufacturers News Inc., an Illinois-based data company that compiles and publishes in-dustrial directories and data-bases. with the opening of GE Industrial Solutions Advanced Manufacturing Lab in Plainville, CT.

To Leave or Not To Leave, That is the.....LeTTer To The edITor}GoVerNMeNT

CPA Firm Merges Bigger

Hamden Firm Merges With Regional Player

The 30-person Hamden firm Weinstein & Anastasio, P.C., oper-ating since 1927, is set to merge with Whittlesey & Hadley, P.C., a regional accounting firm with offices in both Connecticut and Massachusetts, in September. Weinstein & Anastasio, P.C. pro-vides a broad range of accounting, audit, tax and business consulting services to closely held businesses in a variety of industries, as well as to high net worth individuals

throughout New England and New York.Founded in 1961, Whittlesey & Hadley, P.C. provides accounting, audit, tax, technology and busi-ness consulting services to clients primarily throughout the north-east, with access to a worldwide network of resources through PKF North America. The firm has served closely held businesses, including manufacturing, con-struction, distribution, real estate, financial institutions, healthcare, government and technology in-dustries, as well as the nonprofit sector, the firms largest niche focus.

}SMALL BUSINeSS

new York Governor Andrew Cuomo has come courting Ge.

Will GE remain an engine for Connecticuts economy?

WWW.ConntaCt.Com6

reliant on foreign funds to supply the investment [in the U.S.], whether it is business investment or general invest-ment. If youre the politician that is going to decrease consumption in the current period you are less likely to be re-elected.

How could we best encourage savings?

403D plans [retirement plans for certain organizations] are vehicles, 457 Plans [plans for government em-ployees], you could expand IRAs and avoid the tax consequences and that would encourage people to save more and discourage them from consuming more. I would suggest the political group wouldnt want to do that because there is a short-term cost to getting the long-term benefi t.

The big economics question today and one probably thought about by your students is in-come inequality. Is there an eco-nomic belief that addresses this that is not political?

I would say the lack of education drives the whole damn thing. Is there a non-political answer? Theres a tradeoff of effi ciency and equity and thats a value judgment. You have to start with a belief that it should either be fair or it should be effi cient. Its a trade off- we

could be perfectly equal, you could be perfectly effi cient or you can be some-what in the middle.

Is there a cultural change that youve seen among the students in terms of which direction they see things going in terms of eq-uity or effi ciency?

There is a distribution [of ideas], there are folks that come in with stories theyve heard through high school. What we try to do, through the intro-duction to economics, is provide a lens through which they can see the world that perhaps is different than the way theyve seen the world before.

The main model for that is the effi -ciency model, which is if we can get the pie to be as big as possible, then it is question of how you divide the pie up to meet some of the inequities.

We do talk about the failure of markets and the potential solutions that can cor-rect those failures, but it is based on a view that is toward effi ciency.

You said your job is to prepare students for career success?

To equip them with the skills they need to compete.

Economists dont do that, that would be like your hospitality school, or marketing, etc.

[interrupts] I would totally disagree, an Economics training allows you to

see the world in a framework that is different from every other discipline. I dont care what you doyou will come at the problem with an economic viewpoint. If you go into Hospitality, or Management, Marketing or English, you will be able to analyze problems in a much different way.

We have some evidence [from our program at the University of Tampa]. It has a history that is very similar to the University of New Haven. Tampa was almost bankrupt twenty years ago, it had 1,800 students, and it now has 8,000. We [economics department] started with fi ve faculty members and twenty students and I left [the depart-ment] with fourteen faculty members and 200 students.

Here it was a ten-year window, [UNH President] Steve Kaplan came in ten years ago with 1,800 students, he grew it over ten years to seven thousand stu-dents. And were here to see the col-lege of business fulfi ll his drive.

Are there certain careers now that are more attractive?

A student should come into [college] with an open mind to see the kinds of things that spark them and allow them to explore. You can go to payscale.com and see the list of the top hundred jobs. I am happy to tell you economics train-ing gets you toward the top of the list. Petroleum engineering is at the top of the list but I would suggest that wont stay at the top as were having a global glut in petroleum. But Engineering,

these guys over here [pointing to the Tagliatela School of Engineering], we are going to try and blend with Engineering.

We hear this buzzword of inter-disciplinary learning, how much of that is really going on?

Economics is an interdisciplinary science. I am looking at some of the undergraduate engineering students. We have a lot of very highly skilled pro-ductive engineering [students]. Were beginning next fall an MS Finance Program, and I know that engineering students make great masters of fi nance students. And we have the folks down here in Southern Connecticut that are known worldwide for that type of skill and we have Wall Street right here. This is a natural interdisciplinary ap-proach, but it is two separate programs.

}PUBLISher Continued from page 3 theres a trad-eoff of effi ciency and equity and thats a value judgment. You have to start with a belief that it should either be fair or it should be effi cient.

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We have a trading floor, that is a classroom that has the [trading] tech-nologies, and it is a gorgeous facility.

For a while fianc careers were among the hottest, the reces-sion changed that, but what is the state of those jobs today?

We are seeing a rebound, but the reces-sion was devastating to the finance sec-tor. The evidence is that some of those jobs are coming back. Well have a MS Finance program that will train the stu-dents to be able to pass the level one of the CFA [Chartered Financial Analyst] exam and also have them Bloomberg certified, and that, for a resum in the fianc field, is something you have to have to get through the door.

Through your academic career as both a student, and profes-sor, what do you see in terms of what motivates students most to do well, beyond I have to go to college?

The heart of the enterprise is faculty. You dont get through the gate unless you are an excellent teacher, that helps provide the spark. Then you are sell-ing experiences, so you have to build the experiences. [At Tampa] we had the Adam Smith Society, and we subsi-dized ten to fourteen students to go to Washington to see what economists do other than teach.

We had them go to the Treasury Department, the Congressional Budget Office, eventually we did it for enough

years that the kids were so inspired they moved there and started working there. When I left, we had UT trained economists with no additional Masters program working at the Federal Reserve, at the Congressional Budget Office, at the Treasury Department, the Environmental Protection Agency.

Excellent faculty and then we have to provide the experiences. We have a lot of experiences here that are very good for students.

We saw that the UNH Business School received an AACSB [Association to Advance Collegiate Schools of Business] accreditation this past spring what does that mean?

There are nearly seven thousand busi-ness schools around the world, fewer than five percent are AACSB accredit-ed. For recruiting there will be a bump because we have it, but we have to sell experiences and opportunities and show educational excellence. We have to make the link to an eighteen year old student in high school, if you come here youre going to get an economics degree [for example] and the kids that have done this have done x, y and z.

What are the other majors?

Sports management, hospitality and tourism management, management, marketing, finance, economics, and accounting.

Sports management was a pretty hot idea for students for a while, is that still the case?

Sports management is a robust major. Of course, we have ESPN in the state and we have a lot of folks that have majored here and have gone on to be-come very high profile folks at sports organizations, sport attorneys. There is a market out there for it and real op-portunities for internships.

How do you see things different-ly in the Florida and Connecticut economies?

The housing bust was absolutely dev-astating [in Florida], the Case Shiller Home Price Index showed a fifty per-cent drop, they lost hundreds of thou-sands of jobs. Particularly bad in the Tampa Bay economy and it wasnt until this month that they recovered the jobs they had in 2007.

That economy is coming along a lot faster than the growth rates here. I havent done an in-depth study in Connecticut, but Ive looked at some of the numbers and its just not great. It hasnt had the bounce back Florida had, there are people still moving to Florida, no income taxes, but there are property taxes, higher sales taxes.

There will be a lot of discussion in the national election about taxes, but the question we con-tinue with is if we should be moving away from taxing work and productivity [income taxes]

and move to more consumption taxes, whether carbon taxes or just consumption in general?

Yes, would be the short answer. But if you tax consumption youre going to get less of it and that does lead to slower growth. You get wrapped up in the political debate about consump-tion being regressive, but you could institute gaps the first thousand [of spending] etc.

There was a proposal in 2004 at the Federal level that you could effectively get a consumption tax within the exist-ing tax code by simply lifting the cap off of the traditional IRA. What youre doing is if you dont put money in your IRA it will all be taxed in a progressive way. Money you want to save you [put in the IRA] so its not going to be taxed. All of your labor will not be taxed if you choose to save it. Simple nice little one-line code, but nobody liked it.

Because who are the people who have money to save?

Your point is right; with a tax on con-sumption youll get less of it and it will lead to more savings. The one thing that leads to economic growth going forward is higher savings because it leads to investment. BNH

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9august 2015

}CBIA TrAde Continued from page 1Companies surveyed looked to Asia for the future of their export markets, cit-ing current free trade agreements like NAFTA to have been helpful, and sup-port for the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) with the European Union is high.

When asked how relationships were forged and deals brokered with over-seas partners, surveyed companies reported a variety of resources used including web inquiries and cold calls (62%), trade shows and meetings (57%), agents/trade representatives (49%), and recommendations from business colleagues (34%).

Companies were also prompted to look at barriers to international trade and

what sort of local environment or sup-port system would be most useful for dealing with foreign markets. Barriers cited included loss of intellectual prop-erty, payment delays and trade and regulatory restrictions with the largest barrier cited to be a lack of knowledge of foreign markets. Respondents, when asked what help theyd like to see in strengthening their export activity, reported wanting help making connec-tions with customers, access to better market research, finding foreign repre-sentatives, and assistance with export documentation.

CT Job Numbers Better and Not So BetterJuly Figures Show Lower Unemployment, Recovery ProgressDepartment of Labor statistics released for the month of July show positive growth for Connecticut with the addition of 4,100 jobs, 3,000 of those in the private sector. This puts the States private sector at a recovery rate of 97% (108,000 of 111,600) jobs lost dur-ing the recession. The private sector now needs just an additional 3,400 positions to reach full, pre-recession recovery.

Unemployment also dropped three points to 5.4%, the lowest its been since May 2008. The national unemployment rate is currently 5.3%, a tenth of a percentage point below Connecticut.

Six of the states 10 major industry sectors added jobs, led by the business and professional services sector, with 2,700. Others gain-ing included: Education and health services (1,600 jobs); Financial activities (1,100); Government (1,000); Manufacturing (600); Other services (100). Concurrently, some sectors saw declines, like construction and mining, information, leisure and hospitality, and trade, transportation and utilities.

Company Location # of workers

Date(s) of

Layoffs

Closing Yes/No

Closing Date

Union Yes/No

Union Ad-dress

Atlantic and Pacific(A&P)

Ten CT locations 444

11/12 - 11/26 Yes Yes

UFCW Local 371

RBS Stamford 50 10/5 No

Higher One, New Haven 29 No No

AxisPoint Health Wallingford 45 9/30 Yes 9/30/15 No

Community Dev. Institute Head Start

Waterbury, Naugatuck 56 8/31 No

Not Indi-cated

Quest Diagnostics Wallingford 80

8/31 - 9/12 No

Not Indi-cated

KLX, Inc. Stratford 32 9/4- 10/31 YesNot Indi-

cated No

RBS Securities Stamford 2 7/24

Yes(ABP Group)

Not Indi-cated No

RBS Stamford 21 7/24 No No

RBS Stamford 1 7/17 Yes(ABP Group)Not Indi-

cated No


First Student Bethlehem 36 6/30 Yes 6/30/15 Not Indi-cated

RBS Stamford 2 6/19 Yes (ABP Group)Not Indi-

cated No


454 Life Sciences Branford 28 5/31 Yes

End of 2015 No

RBS Stamford 12 5/18 Yes (ABP Group)Not Indi-

cated No


United Airlines, Inc.

Windsor Locks 69 5/17 No Yes

Machinists & Aerospace

SSC Disability

Services, LLCShelton 47 4/3 No Not Indi-cated

RBS Stamford 5 4/6 Yes (ABP Group)Not indi-

cated no

Acuity Lighting Wallingford 93 4/5 Yes 4/5/15

Not Provided

454 Life Sciences Branford 50

3/31 - 6/30 Yes

End of 2015 No

RBS Stamford 14 3/16 Yes ABP (group) Not

indicated No

Auditors: UConn Burdened CT With $77M In Unnecessary Interest CostsClaim UConn Ignored Legislative Directive On FinancingBy Keith M. Phaneuf

The University of Connecticut bur-dened the state with an estimated $77 million in unnecessary interest costs when it secured financing 19 months ago for a new ambulatory services cen-ter in Farmington, the state auditors of public accounts reported recently.

The legislature enacted, and Gov. Dannel P. Malloy signed, a measure in 2011 that directed UConn to develop a new ambulatory center in partnership with private developers.

Instead it used financing authority granted by the legislature in 1987 to help the university health center fi-nance capital projects with greater ef-ficiency, securing

a $203 million loan with an annual interest rate of 4.81 percent from the Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF).

In response to the auditors, UConn wrote that whether state bonds should be issued to refinance the universitys loan is not a university decision to make. The university respectfully of-fers that the auditors of public accounts should provide its recommendations to the legislature and executive branch offices.

Citing an opinion from the attorney generals office, the auditors added that the borrowing approach UConn took for the ambulatory center project ex-poses the state to the same level of risk as would a standard bond issuance, but at far higher costs.

State Office of Policy and Management Secretary Benjamin Barnes, Malloys budget chief, said the universitys deci-sion was proper.

Barnes added that the borrowing done by the Health Center was done for its physician practices and was backed by revenue from those practices. It was a private action by the health center as a hospital with physician practices, not as a function of the universitys (or states) academic or research charges.

This borrowing may fall within the broad powers granted the University of Connecticut Health Center Finance Corporation, the auditors added, however, in addition to the excessive interest costs involved, the propriety of issuing this promissory note without obtaining specific legislative approval seems questionable, given the existing legislative directive to proceed with a public-private partnership.

Edited and reprinted with permission from ctmirror.org

WWW.ConntaCt.Com10

Amazon Comes To Wallingford Type A Job-Seekers Brush Off Your ResumsAmazon.com is known for making employees cry at their desks, accord-ing to a recent report by the New York Times, in which employees describe a corporate culture of high pressure, low tolerance management styles. Why not try it out for yourself?

The company is adding a second fa-cility to its Connecticut operations. A 173,000-square-foot facility at 29 Research Parkway in Wallingford is slated to open in the coming months. The fi rst facility is in Windsor and will remain open.

The distribution center will ultimately employ hundreds and hundreds of people, according to Amazon.com Spokesman Aaron Toso. When asked whether the Wallingford facility would utilize drones, Toso had no comment. Best to watch the skies, anyway.

Research Group Funded By Coke

Under Fire Blumenthal Urges Universities To Disclose

Any Coca-Cola GrantsBy Alban Murtishi

U.S. Sen. Richard Blumenthal, D-Conn., wrote recently to three university presidents, urging them to make public any grant arrangements be-tween their schools and The Coca-Cola Company.The move comes after multiple health offi cials wrote letters published in The New York Times condemning what they described as misleading research per-formed by professors at those schools (West Virginia University, the University of South Carolina and the University of Colorado) for the Global Energy Balance Network (GEBN), a health research group funded by Coca-Cola.

I am asking them to assure that the research done on their campuses will be unbiased and un-bought, impartial and objective, Blumenthal said.

The Times published an article Aug. 9 saying that Coca-Cola provided $1.5 million to the GEBN, its website is reg-istered in Coca-Colas name, and since 2008 Coca-Cola funded $4 million in research by two professors who found-ed GEBN in 2014. GEBNs research stressed the importance of exercise over reduced sugar and calorie con-sumption in combatting obesity.

Energy balance is not yet fully under-stood, the GEBN website says, but there is strong evidence that it is easier to sustain at a moderate to high level of physical activity (maintaining an ac-tive lifestyle and eating more calories). Not many people can sustain energy balance at a low level of physical activ-ity (maintaining a sedentary lifestyle and eating fewer calories), as attempts to restrict calorie intake over the long term are likely to be ineffective.

Research is a good thing, Blumenthal said Tuesday. Unfortunately the history of research funded by companies that make sug-ary soft drinks is that they are fi ve times more likely to fi nd no connection between sugary soft drinks and weight gain, when abundant science, and com-mon sense, indicate that there is a con-nection between consumer sugar and weight gain.


}reGULATIoN JoBSI am asking them to assure that the research done on their campuses will be unbiased and un-bought, impartial and objective,

Editor & PublisherMitchell Young

Editorial AssistantRachel Bergman

Design ConsultantTerry Wells

Graphics ManagerMatt Ford

Publishers AssistantAmy Kulikowski

PublishersRepresentativeRobin KroopnickRobin Ungaro

ContributorsRachel BergmanJessica GiannoneAmy Kulikowski

Emili LannoDerek Torrellas

PhotographySteve BlazoDerek TorrellasLesley Roy

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White House Hopes to Boost CT Aerospace, ShipbuildingFed Adds State To Special Manufacturing Communities List

By Ana RadelatThe Obama administration has given Connecticut special status when it comes to seeking federal grants that would help the aerospace and shipbuild-ing sectors.

The White House on Wednesday said all eight Connecticut counties are now a Connecticut Advanced Manufacturing Communities Region, led by the Department of Economic and Community Development.In a statement, Gov. Dannel Malloy said the designa-tion will allow the state to accelerate and enhance our initiatives to boost innovation, worker skills, supply-chain capabilities, infrastructure investment and job creation.Since assuming office in 2009, Preside

nt Obama has singled out the nations manufacturing sector as a driver of economic development. The designa-Continued on page 11

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safety training school Opens In Beacon FallsMedEd Academy has opened its doors in the South Main Street Industrial Park in Beacon Falls located at 141 South Main Street.

The company provides on-site fi rst aid, CPR, and other safety training to businesses and agencies throughout Connecticut.

Additionally, MedEd offers classes and programs in its state of the art train-ing facility in Beacon Falls. For fi rst response professionals, the company offers EMT, CEVO Emergency Vehicle Driving, as well as OSHA compliance programs. Also offered by MedEd is NRA pistol safety programs, which is a prerequisite for Connecticut pistol permitting.

the Old Man Prefers to stay At seaCrewtoo, an online social network for seafarers and a part of KVH Industries, Inc., (Nasdaq:KVHI), has published the results of its second Crewtoo Seafarers Happiness Index report.

This second quarterly report shows a seafarer satisfaction level of 6.44 on a scale of 1 to 10, up 0.02 from the in-

augural survey published in May this year.

One surprising issue detailed in the second report is that seafarers some-times dread port calls because of the increase in workload caused by the many audits and inspections when a ship is in dock. This increase in work-load at port also caused a drop in sat-isfaction levels towards shore leave, as the amount of work often eats into the time available for relaxation.

In addition, a number of seafarers noted that getting ashore costs them at least $100USD, which presents a major barrier to taking shore leave.

Answers to the survey are received from across all ranks and nation-alities including seafarers from the Philippines, U.K., Poland, Croatia, Germany, U.S., Canada, India, and Turkey, as well as a number of African nations.

traffi c A sign Of Recovery?According to a re-port by Texas A&M Transportation Institute and the traffi c monitoring fi rm INRIX, traffi c congestion around Connecticuts met-ropolitan areas is among some of the worst in the nation, with the Bridgeport/Stamford region ranking 2nd worst, just behind Honolulu for urban areas of its size.

The Urban Mobility Scorecard says congestion was down during the reces-sion, but now almost all regions have higher traffi c congestion than before the 2008 crash.

Ct Biz Makes Fast Growth listInc. Magazine re-leased its annual Fast Growth List, a ranking of the fastest growing companies in the U.S., which listed three nutmeg busi-nesses in the top 500 and fi fty in the top 5,000. The list mea-sures revenue growth from 2011-2014,

and did not include subsidiaries of foreign corporations. The list included companies like Branford-based Peri-Ship, New Haven-based Continuity, Hamden-based Votto Vines, Madison-based Clarity Software Solutions, Shelton-based KeeClean Management, and New Haven-based Square 9.

Glastonbury schools Mulls iPad PlanAfter 18 months of research ended in early 2013 Glastonburys Director of Educational Technology Brian Czapla said we came to the conclusion that to really provide the best learning en-vironment for our students today and tomorrow was through a 1-to-1 tablet initiative and we settled on iPad.

More than two years later, his lat-est summer plan for technology in Glastonburys elementary schools has a large focus on Apples tablet device.

According to the surveys teachers and staff of the elementary schools, opinions were mixed. 33% supported a plan for a full set of iPads for students to use during school hours, around 19% found only a partial amount of 10 per classroom would be better; and 14% preferred a full set of laptops instead. Partial classroom iPads would cost around $820,000 with full classroom laptops coming in around $1.9 million.

AlMAnAC The projects are expected to generate enough electricity to power 13,000 homes for a year.

One of Connecticuts fastest growing rms, measured by Inc. Magazine.

$165 Million Powers Up Projects For Connecticut Solar Energy CompanyMiddletown: First Niagara has lit up Renewable Energy with $16 5milion to fi nance 127 solar panel projects in ten different states, from Maine to California.

Together the projects are ex-pected to generate 85 Giga watts of electricity, enough to power 13,000 homes for a year.

This new fi nancing is the sixth round for Greenskies by First Niagra in the past four years.

First Niagara is pleased to con-tinue developing its relationship with Greenskies, a solar indus-try leader both in Connecticut and across the region,

Peter J. Thomas, vice president and senior relationship manager at the bank said, . this particu-lar fi nancing vehicle allows the company to leverage additional capital and accelerate the dis-tribution of green renewable energy throughout not only New England, but the entire nation.

Greenskies is a seven-year-old company that designs, builds and maintains photovoltaic solar systems for corporate clients,

municipalities and government agencies, educational institu-tions and utilities throughout the United States.

Robert Landino CEO of Centerplan Companies and the 2014 Buisness New Haven Businessperson of the Year is Chairman of the Board of Greenskies. Centerplan has developed Landmark Square a retail and offi ce develop-ment in Middletown, an apart-ment complex on College and Crown Streets, in downtown New Haven, the new offi ces for Continuum of Care on Rte 34 in New Haven and the DoNo retail, commercial and residen-tial development that includes a stadium for the minor league baseball team the Yardgoats [formerly the New Britain Rock Cats] in Downtown Hartford. Art Linars SR [father of State senator Art Linares] is vice Chairman of the Board, and Senator Linares is a board mem-ber of Greenskies as well.

State Wants To Step Up Support for BusinessesConferences Held To Educate Business Leaders About Available PerksThe CT Department of Labor, in collaboration with eleven other State agencies, is sponsoring a series of September Employer Step Up Conferences throughout Connecticut. Locally, there will be one in Middletown (September 10th at Middlesex Community College), New Haven (September 15th at Gateway Community College), and Bridgeport (September 24th at Housatonic Community College).

Employers from all sectors (and of all sizes) interested in learning about hiring incentives, tax credits, job creation programs, and low interest fi nancing opportunities are invited to attend a free Step Up conference being pre-sented by the Connecticut Department of Labor.

Conferences are held from 8 to 10:30 a.m. with registra-tion and continental breakfast beginning at 7 a.m.

Presentations, which begin at 8 a.m., will inform attend-ees about Subsidized Training and Employment Program wage incentives, the Small Business Express Program, fi nding and recruiting qualifi ed employees, guidelines for becoming a State of Connecticut vendor, help when fi ling taxes, training grants for an employers existing workforce, apprenticeship programs, available tax credits, energy sav-ing incentives and other avenues for savings and support from the S tate.

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Well, thats the goal of the Clean Energy Communities Program.

The Program works with the collaboration of Energize

Connecticut, a partnership of the states Energy Effi ciency Fund [CEEF], Connecticuts Clean Energy and Investment Authority [CEIFA], The Department of Energy and Environmental Protection [DEEP], and Connecticut utilities Eversource and United Illuminating along with their natural gas subsidiaries; Connecticut Natural Gas and the Southern Connecticut Gas Company.

One hundred and forty seven Connecticut cities and towns have signed onto the pledge, a fi rst step in the program. Seventeen of the munic-palities are in UIs service area.

Senior Business Development Professional of The United Illuminating Company Sheri L. Borelli offered, enthusiasm is impressive by all who participate in the Pledge.

In signing the Pledge, the community commits to a plan to reduce municipal building energy consumption 20% by 2018. The second step is to fulfi ll the Pledge by adhering to a Municipal Action Plan (MAP) that outlines plans

on energy use solutions on a year-to-year basis.

Only Milford and Wilton have com-pleted this second step and four other communities are half way there, includ-ing Bethany and Fairfi eld.

After getting to second base, the eli-gible community is ready for the third

step; Energy Points. Points are accrued towards Bright Idea Grants. The City of Milford earned a $15,000 Bright Idea Grant last year towards energy-saving projects. Easton earned two Bright Idea Grants and earned an energy audit.

The Park City Moves Its Green Agenda ForwardAcross Connecticut Bridgeport, the states largest city, is seen as a failed crime-ridden city with violent crime at three times the state average, and unemployment at 8.5%, almost twice as high as the rest of Connecticut.

But that is not the full story. This old line manufacturing city is trying to re-envision itself with a commitment to green energy that until now is un-matched in Connecticut, and in some cases anywhere in the U.S.

In November, the city will reach an initial goal of clean energy generation to power 19,000 homes when its most recent clean energy effort powers on.

The United Illuminating Company is installing 9,000 solar panels that will generate 2.2 MW [Megawatts] of en-ergy and a 2.8 MW fuel cell.

The solar array will be the largest in the state and take up an eleven acre site at the top of the landfi ll that runs alongside the citys Seaside Park, sit-ting on a 2.5 acre city owned site near the landfi ll.

Turning Connecticut GreenCan cities in the Blue state go green?

By Jason Bogdan and Mitchell Young

W LOCATIONAERIAL VIEW OF BLACK ROCK HARBOR

SOLARGENERATION

FACILITIES

FUEL CELLGENERATION

and UIFACILITIES

EXISTINGACCESSROAD

Placement of the solar panel near Bridgeport Seaside Park did meet some local opposition.

15august 2015

The fuel cell will be built and managed by Fuel Cell Energy with headquarters in Danbury and manufacturing opera-tions in Torrington.

Brett Broesder, Bridgeports spokes-man, said the 2.8 MW fuel cell and 9,000 solar panels are on schedule to begin running sometime around late November to early December.

Mayor Bill Finch added, This project is creating 21st century jobs, bring-ing millions of dollars in revenue for Bridgeport, and ensuring our kids and grandkids breathe cleaner air.

The United Illuminating Company will pay $7 million in tax revenue to the city over its 20-year lease.

Bridgeport had already earned leader-ship in green energy generation as the home to a 14.9 mw Fuel Cell facility in downtown Bridgeport along Interstate 95. Fuel cells powered by natural gas are considered to have zero emissions of Carbon or other pollutants.

Owned by Dominion Energy and also built by Fuel Cell Energy, the facility began operations in December of 2013. When built, it was the largest fuel cell plant in the world and remains the larg-est in the U.S.

Fuel Cell Energys South Korean part-ner and its largest shareholder, the $2.2 billion POSCO Energy, put a 59 megawatt Fuel Cell facility on line in December 2014, making it the largest in the world.

Fuel Cell Energy Inc. operates and maintains the facility under a service contract with Dominion. FCE supplied fi ve direct Fuel Cell stationary fuel cell power plants and an organic rankine turbine that converts waste heat from the fuel cells into additional electricity. Dominion sells the output of the fuel cell power station to Connecticut Light & Power under fi xed power purchase agreements.

In February, the U.S. Environmental Protection Agency honored Mayor Finch with its Individual Leadership Award for his demonstrated leader-ship in responding to climate change and through engaging with his commu-nity and other offi cials. Mayor Finchs priorities have included promoting energy initiatives, enhancing sustain-ability efforts and making Bridgeport one of the greenest cities in America.

In spite of the accolades, the solar proj-ect was not without controversy.

Freshman Bridgeport Councilman Rick Torres opposed the plan and was one of the most vocal opponents. A con-tingent of city residents agreed with Torres and didnt want the solar panels near Seaside Park and wanted the landfi ll to be converted to parkland. At a public forum discussing the project, Torres cited a Norwalk landfi ll that had been converted to parkland.

Torres and opponents argued they were for renewable energy, but were against the site. The Sierra Club supported the project and in the end Bridgeports Councils voted for the plan.

Going World-Size Big In Beacon FallsThe largest Fuel Cell Power Plant in the world will soon sit on eight acres of a twenty-fi ve acre former sand mine in Beacon Falls. The 63.3 Megawatts gen-erated by the plant could take as many as 300 acres for solar panels accord-ing to William Corvo, president of CT Energy & Technology, the developers of the plant.

O&G Construction, owner of the sandpit, will build the plant powered by fuel cells from Fuel Cell Energy of Danbury, which will also manage the plant. Its Torrington manufactur-ing facility will build the fuel cells. Currently, Fuel Cell Energy has 500 employees in Connecticut.

Corvo has said he expects that over the life of the plant, state and local govern-ment will receive $90 million in taxes. The company will be seeking a tax agreement from Beacon Falls to help facilitate long-term power purchase agreements.

Business New Haven rst reported on the plant in May. On July 7th, the companies submitted detailed plans to the town of Beacon Falls and the

Bridgeport had already earned leadership in green energy generation as the home to a 14.9 mw Fuel Cell facility in down-town Bridgeport along Interstate 95.

At 66 MW the Fuel Cell Power Plant in Beacon Falls willl be a time be the larest int he world.

WWW.ConntaCt.Com16

Connecticut Siting Council is now reviewing those plans. Unlike many power plant proposals, including a natural gas power plant in nearby Oxford, the Beacon Falls proposal has received minimal opposition from the community. The small footprint, the zero emissions and relative safety of fuel cells is likely to lead to a quick ap-proval from the Siting Council.

Connecticut is one of twelve states permitting energy created by fuel cells to meet the standards for renewable energy. The designation as renewable energy is driven by what is considered the zero emissions of fuel cells, which only emit water and heat as part of the energy creation process. The fuel cell park will use that heat to produce elec-tricity, as well.

Connecticut utilities are required to purchase 27% of all electricity under the states renewable energy standard by 2020.

Fuel Cell Energys largest shareholder and customer is Posco, a South Korean power producer and steel company. The 59 Megawatt project in Pohang, South Korea that Fuel Cell and Posco built is still a fraction of the 3000 mega-watts Posco produces in South Korea.

The fuel cells for the Pohang plant were manufactured at Fuel Cells Torrington manufacturing facility.

Fuel cells fueled by market rate natural gas typically create energy at a cost of between 9 and 12 cents per kilowatt. Coal burning plants produce at 12 cents per kilowatt and new natural gas plants produce at around 6 cents per kw.

Posco is building a highly automated manufacturing facility in South Korea under license from Fuel Cell Energy with the hope of driving down the costs of fuel cells. Fuel Cell Energys CEO Arthur Bottone Jr. has said that Posco will share some of their ad-vanced manufacturing technology with the company.

Born as Free as the Wind BlowsMany environmentalists and alterna-tive energy developers have presented wind power as the perfect alternative energy source; a fuel and carbon free technology.

Connecticuts Department of Energy & Environmental Protection (DEEP) says of wind energy that it is smart, clean, and relatively cheap.

Europeans and mid-western farms have been using wind power for centuries, giant offshore wind farms have been constructed off Britain and Norway and wind turbines have been popping

up throughout America in recent years as well.

In a normal wind year the wind power capacity installed in Europe would pro-duce enough to supply 8% of the EUs electricity consumption.

For Connecticut, however, DEEP also notes the drawbacks, that it can take an awful lot of wind turbines to generate enough electricity to meet our needs.

In New Haven, the printing company Phoenix Press installed Connecticuts first industrial wind turbine in 2010, 121 foot tall at the hub, [each blade is 35 feet long]. The wind turbine is named Gus(t) [by a local student] and designed to produce 100,000 kilowatts annually, enough energy to power 30% of the printing companys needs. The turbine sited near the printing compa-ny, visible from the Quinnipiac Bridge, received no challenges to its placement from the nearby residential community.

That experience, however, is not typi-cal for the placement of wind turbines in densely populated parts of New England.

Perhaps the most controversial wind turbine installation in the country has been Cape Wind, a $2.6 billion dollar proposed development in Nantucket Sound off Cape Cod. The offshore wind farm is rated at potentially 454 mega-watts sourced from 130 turbines each standing at 258 feet tall [at the hub] and with the top height of the blade tips to 440 feet above the water.

First proposed in 2004, the plan faced stiff opposition throughout the Cape Cod region including from then Senators Ted Kennedy and John Kerry and governor Mitt Romney. Eventually, the Commonwealth of Massachusetts Siting Council approved the project in 2005 and it received federal approval in 2010 as well.

Massachusetts under former Democratic Governor Deval Patrick or-dered Northeast Utilities and National Grid, the utilities serving the public, to buy more than half of the potential out-put at just under 20 cents per kilowatt, double the market rate at the time.

Todays electricity rates fueled by the expansion of Natural Gas supplies are much lower and the political environ-ment with a new Republican Governor in Massachusetts has changed, as well. Eversource and National Grid have backed out of their purchase agree-ment, putting the project in doubt of going forward.

In the beautiful, historic and very quiet

town of Colebrook in Northwestern Connecticut, a storm of controversy has just settled down after several years over a very small wind farm on a mountaintop cleared for the wind turbines.

After several years of court fights reaching the Connecticut Supreme Court, two wind turbines are said to be going up on Rock Hall Road in Colebrook. The Connecticut Siting Council approved six turbines for two sites in Colebrook, although the Army Corp of Engineers is yet to approve the second site. BNE Energy of West Hartford is the developer of what is au-thorized to be three 1.6 MW GE Wind Turbines at the site. According to the Waterbury Republican newspaper, one turbines construction is held up by the lack of a power purchase agreement for its energy.

Another proposal for turbines by BNE in Prospect was denied by the Siting Council.

BNE obtained fifteen million dollars in financing from Webster Bank last spring that will allow them to go for-ward with the installation of the two 322 foot towers and turbines.

FairWind Connecticut, a Colebrook region citizens group, mounted what some see as a ferocious attack on wind power. However, the group says, we are concerned about the serious social, health and economic impact that the unregulated installation of wind tur-bines may have near busy roads and in or near residential neighborhoods in our communities, adding that regula-tions should be put into place before any wind farms or wind turbines are approved for installation in the State of Connecticut.

It is a fight, however valiant, that was both won and lost by the group. In April 2014, the groups legislative lobbying was eventually joined by then Attorney General Richard Blumenthal, with ef-forts resulting in regulations to control the placement of wind turbines.

The regulations included set backs designed to keep industrial turbines away from residential areas. The set-back the group won was that a turbine had to be 1.5 times the distance of its height from a residential area, al-though the group sought 2.5 times the distance. The setback requirements do not apply to the Colebrook project retroactively, however, those turbines are expected to be 1800 feet from a residential area.

Joyce Hemingson, President of FairWind Connecticut, said at the time the conversation with legislators will continue. The regulations passed are not perfect, but do give protections that were not there when we started.

In its lobbying efforts, the group cited the decision by a Massachusetts judge that two 397-feet-tall indus-trial wind turbines in Falmouth be shut off from 7 p.m. to 7 a.m. Monday through Saturday and shut off all day on Sundays and three major hol-idays Thanksgiving Day, Christmas Day, and New Years Day.

Executive director of the Siting Council, Melanie Bachman, was sur-prised by the ferocity [FairWindCT] brought upon us. The council eventu-ally approved the Colebrook project and Connecticuts Supreme Court up-held their decision.

BNE executives Paul Corey and Gregory Zupkus have posted on Facebook we are available to talk to you and answer any questions you may have however neither returned numer-ous calls from Business New Haven and appear similarly unavailable to local media, as well.

However, Colebrooks First Selectman Thomas McKeon confirmed, construc-tion of the turbine on Flagg Hill Road is currently ongoing with a working crane and materials on site.

In new haven, the printing company Phoenix Press installed Connecticuts first industrial wind turbine in 2010

Six Wind Turbines have been approved by the Connecticut Siting Council for Colebrook.

17august 2015

ReAl estAte

PeoplePaula Feeney, Vice President and Director of Business Development for Pearce and Pearce Plus, its subsidiary for relocation and senior ser-vices, has been honored as a Connecticut 2015 Women of FIRE (Finance, Insurance and Real Estate) by The Commercial Record and its publisher The Warren Group. Feeney is responsible for marketing to and servicing

all corporate, community and business accounts both compa-ny-wide and for the subsidiary.

soldA three building industrial complex at 152 Old Gate Lane in Milford recently sold for $1,925,000. Steven Inglese, principal of the New Haven Group, a commercial real estate brokerage firm, represented the seller, Smith Construction in the sale. He procured the buyer, a New York based private investor.

John M. Cuozzo, Jr. of Press/Cuozzo Realtors recently sold 1633 Whitney Avenue, a 1,707 square foot auto repair facility set on .34 acres. Cuozzo was the sole broker representing the Seller, Sunny Rae Corporation, and the Buyer, Prashant and Varsha Mehta.

Joel Galvin, GRI, CCS and Senior Commercial Associate in the North Haven office of Pearce Real Estate, has sold a 19,000SQ FT office building in Wallingford for $875,000. Galvin represented the seller, RCR Enterprises, LLC. The buyer, John Hall, is consider-ing converting this medical/professional building, located at 50 South Main Street, to a mixed use complex.

Stephen Press, SIOR of Press/Cuozzo Commercial Services brokered the sale of 20 Peck Street, North Haven. The two buildings, totaling 3,830 S/F, a former day care facility, are set on .61 acre. Stephen Press, SIOR, represented the Seller, K & J

Holding, LLC and Lou Proto of The Proto Group repre-sented the Buyer, Lauren Grogan who will renovate the structures for day care use.

O,R&L Commercial sold the Northeast Technology Center located at 15 & 35 Northeast Industrial Rd. in Southern CTs bioscience cor-ridor. The properties consist of three interconnected R&D/Flex buildings on two separate tax lots together measuring 97,000+ SF on 5.63 acres lo-cated just off I-95 in Branford. The buyer was SH NETC Branford, LLC. who paid $10,500,000.

For saleThe building and property at 1168 Whalley Ave. are for sale, with Levey Miller Maretz acting as the exclusive agents hired to market the site. The property, which currently houses a CVS Pharmacy, includes a 9,850-square-foot building and adjacent parking

lot with 40 spaces on 0.7 acres. CVS existing lease expires at the end of 2017.The site, which is owned by Super Crown Realty, is listed for $3 million. The highly visible property sits along one of the busiest streets in New Haven, near Whalley Avenues intersection with Dayton Street.

leasedIn a deal brokered by Levey Miller Maretz. Woodbridge Jewelry Exchange has leased the 800-square-foot building at 1663 Litchfield Tpke. The business is owned by Shawn Palmer and Christopher Frazao. Steve Miller, prin-cipal at Levey Miller Maretz, represented the tenants as well as the landlord, KFP Family Limited Partnership. It pre-viously was home to Connelly Gold & Diamond Exchange.

Chris OHara, Senior Vice President of Coldwell Banker Commercial NRT com-pleted a Lease Representing

Bic Consumer Products Manufacturing Co., Inc. (BIC), provider of stationary, lighters and shavers, at 500 Bic Drive, Milford. The facil-ity will be used to service its warehouse/manufacturing needs. The 624,000 SF prop-erty is represented by Joe Coci; owned and managed by MDC Milford Associates, LLC (MDC). Bic formally owned the complex, sold and relocated in 2008 and is now relocating back into 51,579 SF as a result of continued growth. The facility will be used to service its warehouse/manufacturing needs.

Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, leasing broker for Hamden Center II, recently completed a lease to FC USA Inc., the parent company of GOGO Worldwide Vacations, at Hamden Center II, 2321 Whitney Avenue. The long-term lease is for 2,664 sf. Steve Inglese, SIOR, rep-resented the tenant on this transaction.

The Geenty Group, Realtors, leased 1,000 SF unit in a multi-tenanted flex building at 2344 Foxon Road, North Branford. The Landlord is Cooper Partners, LLC, and the Tenant is Jessica Alvarez-Hawke dba REZ-TEK, LLC. Jeffrey Hawke is the Vice President. The Tenant is a woodworker who specializes in custom kitchen cabinetry. Kevin Geenty SIOR was the agent for the Tenant, while Bill Clark, also of The Geenty Group, was the agent for the Landlord.

Stephen Press, SIOR, co-principal of Press/Cuozzo Commercial Services, and Joel Nesson, senior commer-cial advisor at Press/Cuozzo, have leased two floors at 3208 Whitney Avenue. Hamden. Press, the listing broker, represented 3208 Whitney Avenue, LLC, and Nesson rep-resented the tenants, Richard A. Chernes, LLC, and Boyhen Associates, LLC, and Tomanelli Counseling on these long-term leases.

The Tenant is a woodworker who specializes in custom kitchen cabinetry.

GOGO Worldwide Vacations has signed a longterm lease at Hamden Center II.

BIC is leasing 51,529 square feet for manufacturing and warehouse needs.

Mike Richetellis Colonial Realty Acquires nutmeg Proper Realty.

Colonial Properties, Inc. has acquired Nutmeg Property Realty. Nutmeg was founded and run by Al Melotto in 2005 and had been located in Milford, focusing primarily on resi-dential real estate services. Melotto and residential agents Carole Annicelli, John Vigliotti and Aileen Magda have all joined Colonials staff

Whalley Avenue, New Haven CVS building is for sale, and is being handled by Levey Miller Maretz of Woodbridge.

WWW.ConntaCt.Com18

MAnuFACtuRInGAdam equipment Constructing new Building in OxfordScale Maker Tips to Favor Oxford Over Danbury

U.K.-based global manufacturer of scales and balances, Adam Equipment, has recently an-nounced their planned move for their U.S. headquarters from Danbury to Oxford. On July 15th, both company officials and Oxfords town leaders gathered in a groundbreaking ceremony held at the new site in Fox Hollow Industrial Park.

We are delighted to welcome this company to its new home in our beautiful town, Oxford First Selectman George Temple said.

President of Adam Equipment, Tom Storey, finds that the new location in Naugatuck Valley is beautiful, and meets all budget-ary and logistical needs. In its close proximity to I-84, he says itll allow his company to stream-line the shipping and receiving process.

The 21 employees are preparing for the move, which is currently slated for completion by the end

of 2015. In the purchased 5.7-acre plot of land at the corner of Fox Hollow and Jacks Hill roads, the new 29,300-square-foot pre-engineered structure will contain Adam Equipments office and warehouse.

Adam established its U.S. head-quarters in New Milford in 1998, before moving its five employees in 2002 to the Danbury location, a 4,744-square-foot building on Commerce Drive, which was reno-vated and expanded in 2007, tri-pling the size of Adams building space to 11,000 square feet.

Adam Equipment designs and manufactures precision balances and scales for worldwide distri-bution in the laboratory, medi-cal, education, industrial, food, animal/veterinary and jewelry markets.

The location that Bilco vacated on Water Street will be sold to developers of the mall in West haven.

Axel Plastics To Build New Facility in Monroe

NY-Based Speciality Chemical Producer Expands to CT From NYC

According to the Bridgeport Regional Business Council (BRBC), a facility to house Axel Plastics Research Laboratories, a U.S. based manufacturer of mold releases and additives for plastics, rubbers, and urethanes is cur-rently in motion.

BRBC adds that the location is set to be established at 50 Cambridge Drive in Monroe and will have a capital investment of $7 million for a 40,000 square foot facility.

Monroes First Selectman, Steve Vavrek, has said that the towns location in Fairfield County, close to New Haven with access to highway routes I-84 and 95 was appealing to Axel, which is a privately owned company headquartered in Woodside, New York. Its still affordable, and weve got a great school system and park system, he added.

As for when Axel will be fully settled in its new branch, Were hopefully going to see a groundbreaking by the fall, if not early spring, Vavrek said, although the company has owned the Monroe property for two years.

Axel is a manufacturer of proprietary mold releases and process aid additives for plastics, rubbers, and urethanes producing brand names like XTEND, MoldWiz, PasteWiz and CleanWiz. The Connecticut location will be a manufacturing facility.

Bilco Companys new headquarters Opens In new havenLong-Planned Move To Vacate West Haven Waterfront Property CompletedIn earuly August, The Bilco Company, manufacturer of specialty access prod-ucts, held a ribbon-cutting ceremony to signify its official move from West Haven to New Haven where it was originally founded.

The company now resides in the former Starter Corporation headquarters at 370 James Street, a 42,240-sq. ft. four-story of-fice complex building. Bilco leased 12,000-sq. ft. of office space. Bilcos manufacturing facilities are located in Zanesville, Ohio, and Trumann, Ark.

The location that Bilco vacated on Water Street will be sold to develop-ers of the proposed outlet mall in West Haven. State and West Haven city officials worked with Bilco to find a location in West Haven, but were unsuccessful in that search.

According to Senior Account Executive of Catalyst Marketing Communications, Krysten DAmato, its new location suits the com-panys needs for the near future. There are 65 employees in New Haven, and at present time they are fully staffed to meet current needs.

Adam Equipment, Oxfords newest manufacturer makes a more than a dozen different types of scales from health to pallet scales.

Once known for its basement bulk heads, today Bilco manufactures specialized access ways for customers around the world.

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Yale engineer Creates shape-shifting GPsYale University engineer Adam Spiers, a postdoctoral associate in the robotics lab of associate professor Aaron Dollar, worked on a London-based interactive produc-tion of Flatland. Based on Edwin A. Abbotts 1884 story of a two-dimensional world, the production took place

in an old church in London. The sighted and visually impaired audience members were kept in complete dark-ness most of the time as they wandered through the space four at a time while a spoken narrative and sound effects told the story.

Guiding them through the darkness were handheld, shape-shifting cubes that Spiers designed and created with 3-D printing technology,

called the Animotus. The top half of the cube twists to direct users toward their next destination and extends forward to indicate the dis-tance to reach it. Rather than look at the device, as with a smartphone, users know where to go by feeling the changing shapes.

The simple idea is that when youve arrived at your target destination, it be-comes a little cube again, said Spiers, who specializes in the field of haptics, the sense of touch.

Spiers thinks the Animotus has potential to guide pedes-trians and hikers while allow-ing them to fully appreciate their surroundings.

Id like to try this out for the outdoors hook it up to Google Maps and see what happens, he said.

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By Arielle Levin BeckerMore than 7,000 custom-ers of Connecticuts health insurance exchange must provide additional documentation to maintain their coverage or the tax credits that subsidize their premiums a process that has already led to confusion and, in some cases, lost coverage or subsidies, exchange CEO Jim Wadleigh said recently.

By law, health insurance exchanges created under Obamacare must verify certain information about their custom-ers, including citizenship or immigra-tion status and income. In Connecticut, a contractor, Xerox, handles the pro-cess, but if the company is unable to verify information, customers must provide additional documentation within 90 days. If that doesnt happen, their coverage or subsidies could be terminated.

Among the issues:

Some customers have lost coverage and have only learned about it after going to the doctor or trying to fill a prescription. Wadleigh said the ex-change has been hearing about 50 to 75 cases like this per week, and said the customers were terminated because

they did not send in the re-quired information.

Customers have com-plained that they have sent in the requested documents but still receive notices that they need to submit information.

A backlog in processing documents submitted for verifica-tion actually led some customers to remain enrolled or receive subsidies longer than they qualified for, accord-ing to the state Department of Social Services, which jointly administers the eligibility system with Access Health. DSS said verifications are now caught up for documents submitted since March, but Wadleigh said there are still about 16,000 cases pending at Xerox.

There are currently more than 7,000 customers who have not submitted any of the documents needed for them to maintain coverage, Wadleigh said.

A recent survey of customers found that many do not read the mail they get from Access Health, he said.

For most of 2014, state and federally run exchanges did not cut off custom-ers coverage, even if they didnt pro-vide proof of citizenship or immigration status, income or other information.

Access Health initially planned to begin terminating coverage of those whose information could not be verified and who hadnt provided documentation last December, but delayed it because of concerns about causing confusion during the ongoing sign-up period for 2015 coverage.

Access Health began cutting off cov-erage for those who had not submit-ted documentation in February.

If a customer submits a document, Access Healths system receives a notice that effectively puts the case in a safe harbor that prevents the person from having coverage or subsidies cut off until the document is processed, Wadleigh said.

To address problems related to the verification process, Access Health is hiring 10 additional staff to handle calls about lost coverage and discon-tinued subsidies, and is requiring cus-tomer service staff to work overtime and weekends to address customer issues as quickly as possible. The ex-change has been working to reinstate coverage for those who called after finding it was cut off, Wadleigh said.

Starting in September, customers will receive robo calls from the exchange if they are within three to four weeks of having their coverage terminated because documents have not been submitted.


Thousands Of Obamacare Customers At Risk Of Losing Coverage Or Subsidies

Lack of Documentation Cited As Reason

Wades father is considered close to Malloy and the Post calls him a major democratic fundraiser.

Call For Wade To Step Away From Anthem DealSome Say Former Cigna Exec May Not Be Best Suited To Weigh In On MergerDoes Connecticut Insurance Commissioner Katherine Wade have a conflict of interest in reviewing the $48 billion Anthem Cigna Merger?

Some state legislators believe she does, like State Sen. Kevin Kelly, R-Stratford, ranking member of the General Assemblys Insurance and Real Estate Committee, who told the CT Post, we should try to avoid the appearance of a conflict of interest. I would hope that she would be able to figure that out on her own.

Wade is a former senior executive at Cigna and was appointed in March to the $160,000 a year political appointment.

Wades father is considered close to Malloy and the Post calls him a major Democratic fundraiser.

Wades husband is currently chief counsel for Cigna, and according to the Post, her mother is on the CIGNA payroll as well.

Wade has refused calls to recuse her-self and has not ben generally available to the media on the subject.

Attorney General George Jepsens wife is also an executive at CIGNA and Jepsen has said he will not be directly involved in decisions regarding the merger.

CT Childrens Medical Center and HART Team UpIn an agreement with Harvard Apparatus Regenerative Technology Inc. (HART), Connecticut Childrens Medical Center has entered into a pre-clinical collabora-tion to develop a process for repairing or replacing the esophagus to treat life-threat-ening conditions.

Such conditions include esophageal atresia (EA), a birth defect in which the esophagus, or gullet, would end in a blind-ended pouch without connecting to the stomach. If a baby is born with EA, indicated with a portion of the tube-like organ missing, he or she will have trouble

swallowing while feeding and may even have breathing is-sues. It currently affects 1 in every 2,500 to 3,500 babies.

Dr. Christine Finck, Chief of the Division of Pediatric Surgery at Connecticut Childrens, and her research team aim to focus on using the patients cells to repair or replace the esophagus. Using HARTs principles of regener-ative medicine, Dr. Finck says the procedure has shown significant potential.

Jim McGorry, President and CEO of HART, says, We are proud to continue and expand our collaboration with Connecticut Childrens Medical Center to develop new treatment options for children.

Connecticut Childrens has 1,100 medical staff members in over 30 specialties; also serving as the primary teach-ing hospital for the University of Connecticut School of Medicine.

Harvard Apparatus Regenerative Technology Inc. is a biotechnology company that develops bioengineered organs for life-threatening conditions. Their set technol-ogy is initially focused on re-storing function to the airway or esophagus for patients.

Anthem/Cigna Deal Has Blue Hurdles To MeetThe Indianapolis Business Journal based in Anthems hometown reports a poten-tial snag in the $54 billion purchase of Cigna by Anthem Insurance.

Anthem is the second largest healthcare insurer in the coun-try and the Blue Cross, Blue Shield brand and network is a big part of that success.

Anthem uses the Blue Cross Blue Shield brand in fourteen states and the association requires that 80% of the com-panys revenue in those states and 66% nationally must come through the Blue plans. In several states, by

incorporating the Cigna busi-

ness, the company will fall significantly under that thresh-old, according to the a report by CRT Capital Group, which estimates that the combined revenue will only meet a 64% level.

In Connecticut, where Anthem is the states largest health plan, the revenue is just at the 80% level.

Anthem execs told the news-paper that they expect to make modifications to meet the targets, including switch-ing some Cigna business to Anthem.

Anthem CEO Joe Swedish told investors in a news-paper conference call that Anthem has about three years before it must be in compliance, adding, we are a Blue organization, and we will abide by those rules.

21august 2015

WhOs WhAt WheRe

Oona Robinson has been named senior vice president, deputy chief financial officer and head of financial planning and analysis at Webster Bank. Robinson comes to Webster from Citigroup where she most re-cently was treasurer of its OneMain Financial sub-sidiary, Citis 1,100-branch consumer lending net-work. Robinson earned her MBA from Columbia University.

Hoffmann Architects, an architecture and engineer-ing firm specializing in the rehabilitation of building exteriors, has promoted Erin L. Kesegi, AIA to Project Architect. Kesegi is a former Project Manager with the firm. Her recent projects include exterior envelope rehabilitation at the Yale University Art + Architecture Building (Rudolph Hall); Fairfield, Connecticut public schools; Travelers Plaza in Hartford; and the University of Connecticut Avery Point Library. She lives in New Haven, Connecticut.

The Devon Rotary Club awarded the Oliver Andrus Award this year to Greyson Schwing, owner of Antelope Web, a local online marketing and web design company located in Milford. Schwing currently serves on Devon Rotarys Board of Directors as the Club Service Director, handles the clubs press and media exposure, and oversees Devon Rotarys monthly service at Beth-El Shelters soup kitchen. This annual award is presented to Schwing for being the clubs choice for Rotarian of the Year and is recognition for excep-tional service.

Michael Szekeres joined Webster Bank as senior vice president, director of

infrastructure technology. Szekeres is responsible for all elements of infrastruc-ture across the bank, and shared infrastructure with HSA Bank. Previously, he worked for De Lage Landen, a Philadelphia financial leasing company, where he was director of infrastructure strategy and development. A graduate of Penn State University, Szekeres is based in New Britain.

Preston C. Tisdale of Koskoff, Koskoff & Bieder has been named to the board of directors of the Public Justice Foundation. Headquartered in Washington, D.C., Public Justice is involved in civil rights cases, anti-bullying campaigns, food safety, health, and the environ-ment, and consumers and workers rights. Tisdale received his Juris Doctorate at the New York University School of Law and was admitted to the bar in 1980. Previously, he was on the board of the Center for Childrens Advocacy. He is a past Chair of Connecticuts largest YMCA, the Central Connecticut Coast YMCA and a Past President of the Ralphola Taylor Community Center - YMCA.

Secretary of the State, Denise Merrill named attorney and longtime Connecticut League of Women Voters leader Christine Horrigan of Litchfield as the new elec-tion monitor for Hartford. This is a new position created by the General Assembly in June 2015. Horrigans role will be to ensure that the election is properly managed in compliance with the law. Horrigan has been an at-torney in Connecticut for

more than 25 years, includ-ing nearly eight years as a volunteer election law and campaign finance special-ist for the Connecticut League of Women Voters from 2004-2011. Horrigan is a certified election moderator.

The Kennedy Center elected new officers and six new board members. The following officer

Business New Haven August 2015

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