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Economic Development

St. Francis' $15M fundraising campaign aims to grow cancer care

Patricia Daddona |

St. Francis Hospital and Medical Center is kicking off its $15 million Hope & Healing fundraising campaign to expand and transform the Smilow Cancer Hospital Yale-New Haven.

CT's $1.5M woos Canadian mobile-pay vendor

Connecticut has finalized the terms of its $1.5 million investment in a Canadian mobile-payments vendor who plans to open its first U.S. office in the state.

Bloomfield in running for $78.5M Trader Joe's distribution hub

Patricia Daddona |

Trader Joe's is considering locating a $78.5 million regional distribution facility in Bloomfield and bringing with it 675 new jobs, a prospect the town mayor welcomed Thursday.

Trump's Carrier deal draws hugely divided reactions

CNNMoney | 2

It took just one tweet Tuesday for the deep divide over President-elect Donald Trump to flare again.

Manchester's Lydall acquiring overseas company for $58M

Patricia Daddona |

Manchester-based Lydall Inc. is acquiring the overseas firm MGF Gutsche GmbH & Co. for approximately $58 million in cash, the industrial filtration company announced Wednesday.

Two CT radiology groups establish joint venture

Patricia Daddona | 1

Two Connecticut radiology companies have formed the Charter Radiology Network, a management services organization that will enable them to work together toward the Affordable Care Act's "triple aim"...

Workforce Development Conference to explore filling skills gap

Andrea Comer |

Connecticut's economic outlook will continue to remain murky as the state faces the imminent retirement of baby boomers and the exodus of young people.

Despite struggles, opportunities exist in CT’s construction industry

Luke S. Ebersold | 1

Connecticut's construction industry has recovered somewhat in recent years from the Great Recession of 2008-09, though the pace of that recovery remains slower than the national average.

Hartford ballpark surety insurer sues former developer

Patricia Daddona |

The Arch Insurance Co. has filed a federal lawsuit against the former Hartford ballpark developer to recover what it describes as more than $8.4 million in losses as it pursues completion of the...

Sacred Heart to buy former GE HQ for $31.5M

Patricia Daddona |

Sacred Heart University said Monday it has agreed to purchase General Electric's 66-acre former global headquarters in Fairfield for $31.5 million.

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