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January 9, 2023

Business, affordable housing advocates see common foe in CT’s high housing costs

Michael Puffer

Connecticut, already a high-cost state, has seen housing prices explode during the pandemic. This has prompted business leaders to team up with affordable housing advocates and others around the issue and to develop policy proposals that incentivize affordable housing.

Daum takes reins of DECD’s new multimillion-dollar economic development programs, incentives strategy

Hanna Snyder Gambini

Alexandra Daum, in her new role as commissioner of the Department of Economic and Community Development, plans to continue the work started by her predecessor in building, sustaining and promoting Connecticut.
Prolific Hartford area developer Kenny will debut, kick-start major apartment projects in 2023

Michael Puffer

Long one of Connecticut’s most prominent multifamily developers, Martin J. Kenny and his business partners in 2023 will deliver hundreds of apartments in West Hartford and begin work on hundreds more in Cromwell.
New to CT, Trinity Health regional CEO Carter takes reins amid challenging healthcare environment

Andrew Larson

Trinity Health Of New England’s President and CEO Montez Carter is new to Connecticut, but has worked for the Catholic healthcare system for more than a decade.
In first full year as UConn president, Maric’s focus is on climate change, fundraising and research

Robert Storace

Newly-minted UConn President Radenka Maric has ambitious goals and plans — related to climate change, business partnerships, research and fundraising — as she leads the state’s flagship university into 2023.
Cannabis entrepreneurs Ray, Hercules hope to strike gold in 2023

Skyler Frazer

With the state’s adult-use cannabis industry set to launch Tuesday, dozens of entrepreneurs are hoping to carve out a piece of the multimillion-dollar industry through new dispensaries, grow operations and everything in between.
Fred Carstensen: Is CT’s economy finally recovering? Possibly, but jury’s still out

Fred Carstensen

The rainy day fund is full, giving the state a nice cushion against future deficits. The state budget is delivering large surpluses that are going to reduce the challenging unfunded mandates Connecticut faces.
Fred McKinney: U.S., CT economies should expect slowdown, possible recession in 2023

Fred McKinney

Predicting the future is something we all do, but it is easier to be wrong than right most of the time.
CT’s long-term growth will depend on improving business climate

Don Klepper-Smith

The National Bureau of Economic Research, the organization that makes the official call on U.S. business cycles, has not yet declared the U.S. in a recession, largely because the agency didn’t want to impact the midterm elections.
Budget stability breeds optimistic economic outlook for CT

Farhad Rassekh

In the absence of exogenous shocks (such as a war or another jump in oil prices), one can be optimistic about the Connecticut economy in 2023.
Despite macroeconomic pressures, CT’s underlying economy is strong

Patrick Flaherty

Following national trends, interest rate hikes are having an effect on Connecticut’s housing market.
Storm clouds hover over U.S., CT economies

Steven P. Lanza

As the U.S. economy continues to flirt with a recession in 2023, Connecticut will surrender some of the gains it has made in its ongoing recovery from the COVID-19 pandemic.
Amid increasing vacancy rates, Hartford office market prepped for a reset

John McCormick and Anna Kocsondy

The reset button has been hit on Greater Hartford’s office market, its corporate employers and governing municipalities.
In 2023, employers will seek out amenity-laden office space

Greg Bordonaro

Many major Greater Hartford employers — UnitedHealthcare, Prudential Financial and Voya Financial — announced plans to significantly shrink their office footprints in 2022, as they continued to embrace remote or hybrid work coming out of the pandemic.
Economic turbulence expected to tighten multifamily housing market

Michael Puffer

Veteran developer Martin J. Kenny, of Hartford-based Lexington Partners, said apartments are probably among the safest investments during periods of high inflation, but he sees a heightened number of projects going underwater as interest rates and construction costs soar.
Industrial real estate market remains hot, but threat of slowdown looms

Greg Bordonaro

The industrial commercial real estate market has been hot in Connecticut for years, and 2022 was no different, but there are some signs of a slowdown.
As banks battle for talent, interest rates will weigh heavily on commercial loan demand in 2023

Greg Bordonaro

Through the first three quarters of 2022, the 31 banks headquartered in the state saw slightly higher profitability and sizable increases in assets, deposits and loans.
Hospitals, other providers face financial headwinds, pressure to rein in healthcare costs

Robert Storace

The healthcare industry often changes at a slow pace, and one issue that remains a problem is workforce shortages.
Labor shortage, inflation will weigh heavily on CT manufacturers in 2023

Skyler Frazer

As Connecticut manufacturers look to 2023, the labor shortage will continue to be a top-of-mind issue.
Colleges focus on new business partnerships, degree programs to address workforce shortages

Robert Storace

Many Connecticut colleges in 2023 will continue to focus on bouncing back from declining enrollment and financial challenges brought on by the pandemic, which forced universities to significantly expand online and hybrid learning opportunities.
Here’s how to better manage your employees’ performance in 2023

Kayla West and Abby Warren

Following a global pandemic and resulting tight labor market, and with a potential recession on the horizon, employers should consider focusing on active performance management for a number of important reasons.
2023 economic forecast: Ignore the headlines

Andrew Lattimer

Recession is a word that comes up consistently in conversations about the 2023 economy. But this year’s outlook is far more complex than “will there be a recession or not?”
Despite headlines, crypto will gain traction in the mainstream business community in 2023

Justin Wilcox

There’s a saying in the cryptocurrency community: Build in the bear, get rewarded in the bull.
Tips for retaining workers in a still-tight labor market

Meg Galistinos

The U.S. labor market is at an inflection point.
CT cannabis industry to reach full steam by end of 2023

Andrew C. Glassman and Matthew D. Glennon

Based on what we are hearing from the Connecticut Department of Consumer Protection (DCP), Connecticut’s recreational cannabis industry is on-track to be fully up and running by the end of 2023.

Today's Poll

Poll Description

Gov. Ned Lamont recently suggested that Connecticut’s energy future may include an expansion of “modular nukes,” which are small, advanced nuclear reactors that have a power capacity of up to 300 MW per unit.

As incoming President Donald Trump says he is going to reduce tax incentives for wind power, Lamont told the Hartford Business Journal that he would be open to supporting the expansion of nuclear capacity in Connecticut.

Offshore wind projects have faced hurdles, including construction delays and cost overruns. In comparison, some experts say nuclear energy – which does not emit air pollution, but produces nuclear waste – is a better option to meet growing demand.

64 Votes
0 Comments

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