CT tax revenue in free fall, adding $1.1B in red ink for next 2 years

Plummeting state income tax collections are experiencing their worst decline since the last recession, falling $450 million below anticipated levels for April — one-and-a-half times the free...

Appeals court blocks Anthem-Cigna merger

A federal appeals court on Friday agreed with a lower court that Anthem's proposed $54 billion merger with Cigna would be anti-competitive, ending a two-year campaign to complete a marriage between...

The Hartford's 1Q net up 17%

The Hartford posted a 17 percent increase in profits for the first quarter, buoyed by strong growth in its commercial and personal lines of business.

 
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Economic incentives oversight bill clears a hurdle

Connecticut's Finance, Revenue and Bonding Committee has unanimously approved a bill that would evaluate the efficacy of the state's economic development investments and incentive programs.

GOP offers alternative budget — but has much work still to do

Republican legislators unveiled a two-year budget plan that rejected controversial proposals to pass teacher pension costs onto towns and to expose nonprofit hospitals to local taxation.

Torrington woman sentenced 21 mos. for Medicaid fraud

A Torrington woman will spend 21 months in federal prison for defrauding Connecticut's Medicaid system of about $1.6 million, prosecutors say.

Simsbury Bank's 1Q net nearly doubles

The parent of Simsbury Bank & Trust almost doubled its first-quarter net earnings as its commercial- and consumer-loan portfolios continue to grow.

Barnes Group's 1Q net jumps 33%

Bristol industrial and aerospace manufacturer the Barnes Group Inc. said Friday its first quarter profits increased 32.8 percent on higher sales of aerospace equipment, nitrogen gas and molding...

Windsor SS&C's 1Q sales, net surge

SS&C Technologies Holdings Inc. saw first-quarter revenue and net income surge for the Windsor vendor of investment and financial software-enabled services and software.

Nix's, Front Street settle rent dispute

The owner of Front Street's Nix's Hartford restaurant, which has been facing eviction for months, said Thursday that his eatery will remain open after reaching a settlement with his landlord over...

Electricity demand could peak higher this summer

Summer electricity demand in New England this year could reach a higher peak than last summer, New England's grid operator said Wednesday.

Nonprofit solar installer enters CT market

The Connecticut Green Bank has established a new partnership with a nonprofit solar installer, which revealed its first Connecticut project on Thursday.

Greenskies to build solar array in hometown

Greenskies Renewable Energy has signed a contract with its home city of Middletown to construct a ground-mounted solar array.

 
 
 
Lists

Largest Small Business Express loan recipients

Ranked by amount of funding and jobs created, FY 2016

RankCompanyJobs created
1Northwest CT Public Safety, Waterbury46
2New England Auto World, Derby30
3Ashley HomeStore, Manchester21
4Chip's of Trumbull, Southbury17
5Carbone's Hospitality LLC, Rocky Hill15

Source: Connecticut Department of Economic and Community Development (DECD), with special thanks to Jim Watson


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