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July 16, 2015

HEDCO chief Hamilton retiring in Aug.

Samuel C. Hamilton, who has run the city of Hartford’s small-business development and financing arm HEDCO Inc. for three decades as president and CEO, is retiring, effective Aug. 31, authorities say.

Hamilton’s longtime lieutenant, Fernando G. Rosa, will succeed him, HEDCO board Chair Barbara J. Randolph said Wednesday.

Located at 15 Lewis St. downtown, the 40-year-old former Hartford Economic Development Corp. provides loans, incubator space and training to small businesses and non-profit organizations around the state, with an emphasis on helping businesses in urban neighborhoods and entrepreneurs who may not be served by commercial lenders.

“Sam has been indispensable to HEDCO’s 40 years of growth,’’ Randolph said in a statement. “He has combined a solid foundation of business savvy with a high level of integrity, an engaging personality and a way of working with a wide variety of people, from banking executives and State commissioners to people who are just beginning to launch their businesses. The board is happy to know he’ll be taking some time for himself, but we will miss his wise counsel and steady hand.”

Rosa has been deputy executive director since 1995. Also, Kim B. Hawkins will be promoted to vice president and chief operating officer from her role as director of The Business Resource Center.

A Manchester resident, Hamilton plans to spend more time with Sandy, his wife of 49 years, and remain active with his church and fraternal organizations.

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