January 8, 2024

5 to Watch: Meet top CT leaders we expect to make headlines in 2024

Each year, Hartford Business Journal identifies leaders we expect to make headlines in the year ahead. Here are 5 to Watch in 2024:

Economic Survey: HBJ readers more optimistic about 2024
Rate case ignites political, legal battle as electric utility UI scrambles to recover investment costs axed by regulator

Andrew Larson
Deal Watch

Deal Watch
Amid tight industrial space market, Windsor Locks logistics company eyes new 80,000-sq.-ft. warehouse

Michael Puffer
Deal Watch

Deal Watch
Industrial real estate availability to remain tight in 2024

Michael Puffer

New Aetna President Kane embraces insurer’s history and future: ‘There are no plans for Aetna to leave Hartford’

Greg Bordonaro

Add Brian Kane to the long list of people struggling to find a home in Connecticut.
Maduko, president of fledgling CT community college system, eyes fiscal stability, enrollment boost

Michelle Tuccitto Sullo

John Maduko acknowledges the entire Connecticut State Community College system, from students to faculty and staff, have been through “a lot” in recent months.
New Hartford Mayor Arulampalam’s economic development agenda: make city more approachable for business

Michael Puffer

As newly inaugurated Hartford Mayor Arunan Arulampalam begins his first term, his early economic development strategy is focused on making city government easier for businesses to approach.
Duncaster CEO Papa to lead major independent living expansion in Bloomfield

Hanna Snyder Gambini

Connecticut’s population is aging, creating increased demand for senior-living options, a trend that shows no signs of slowing.
As third-generation CEO of family-owned Lee Co., Marietta Lee eyes growth in space industry, other sectors

Skyler Frazer

More than 20 years after joining her family’s manufacturing business as an assistant facilities manager, Marietta S. Lee became CEO of The Lee Company in 2023, representing the third generation to lead the organization.
Fred Carstensen: Will CT revive its comatose economy?

Fred Carstensen

Congratulations to Gov. Ned Lamont and the legislature: They have put Connecticut’s fiscal house in order.
Fred McKinney: Expect moderate growth, lower interest rates in 2024

Fred McKinney

In baseball, a player who is unsuccessful in hitting the ball 67% of the time over their career will be a first-ballot Hall of Famer.
Rassekh: CT’s economic outlook provides reason for optimism

Farhad Rassekh

We should be optimistic about the economic outlook for Connecticut in 2024.
Flaherty: Growing CT’s labor force key to 2024 economic outlook

Patrick J. Flaherty

Connecticut’s overall employment reached pre-pandemic levels in 2023, with the unemployment rate (3.5% at the end of September) as low as it has been in over 30 years (the last time it was lower was in November 2001).
Lanza: CT will add 10,000 jobs in 2024 — here’s why

Steven P. Lanza

Despite an extraordinary five-point surge in interest rates to combat inflation, the U.S. economy defied gravity in 2023, in turn adding lift to Connecticut’s economy.
Hartford’s office market reset will require ‘more patience’ in 2024; vacancies likely to increase

John McCormick & Anna Kocsondy

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Office market faces major headwinds in 2024; isolated, premier locations could rebound

Michael Puffer

Greater Hartford’s struggling office market will continue to experience increased vacancies in 2024, as the post-pandemic shift to hybrid and remote work continues to play out, experts said.
Multifamily experts see adversity, selective opportunity in 2024

Michael Puffer

Connecticut’s population grew by tens of thousands of residents during the COVID-19 pandemic, exacerbating an existing housing shortage and prompting residential property values and rents to soar.
Managing higher interest rates, deposit growth key focus areas for banks in 2024

Greg Bordonaro

Connecticut banks have faced several challenges over the past year, but the high-interest rate environment tops the list.
In 2024, CT startups and stalwarts must confront VC funding gap, rising labor costs

Frank Milone

The state of Connecticut unveiled its “Make it Here” campaign in 2023 with a video highlighting what can be “made” in the Nutmeg State: a family, pizza, championship team and submarine, to name a few.
Key considerations for values-based investing in 2024

Rosa Y.C. Chen

In the last few years, there has been a surge in the popularity of values-based investing.
Boosting workforce pipeline, new facilities, flexible care delivery key trends in 2024

Michelle Tuccitto Sullo

In the new year, Connecticut healthcare leaders say they will be focused on finding new ways to attract workers, expanding their footprints, and continuing efforts to provide care outside of traditional settings.
Employers in 2024 will seek to add value, minimize costs for health benefits

Meg Galistinos

Employers will be challenged to absorb higher healthcare cost increases in 2024.
For manufacturers, workforce, technology and supply chain resilience are focus areas in 2024

Skyler Frazer

The U.S. is expected to have 2.1 million unfilled manufacturing jobs by 2030, according to a recent analysis by consulting and accounting firm Deloitte.
PFAS will be increasing concern for manufacturers in year ahead

Megan Baroni, Abby Warren and Jeff White

As we head into 2024, here are three trends that manufacturers of all sizes should be watching.
AI, DEI, flexible degrees, campus expansions key focus areas for higher ed in 2024

Hanna Snyder Gambini

Connecticut college leaders this year say they will focus on growth in innovation, including artificial intelligence, in addition to issues like sustainability, diversity, and campus expansion projects.
New cannabis businesses set to launch in 2024, while sector keeps eye on federal reforms

Skyler Frazer

The state’s recreational cannabis market got off to a slower-than-expected start in 2023, but the industry expects further growth in the year ahead.
CT will need a lot more (green) juice to achieve clean energy goals

Lee D. Hoffman

Connecticut is one of five New England states (other than New Hampshire) that has agreed to lower its greenhouse gas emissions by over 80% by 2050.
AI will transform legal industry in 2024, beyond

Richard D. Harris

As we enter 2024, a key question looms large in the legal industry: Will artificial intelligence (AI) render lawyers and paralegals obsolete?
Neurodiversity in the workplace should be an employer focus in 2024

Jarad Lucan and Claire Pariano

As we kick off 2024, employers are trying to predict employment trends for the upcoming year.
Empowering teams for the long run: transitioning to a coaching management model

Kathie McCarthy

In today’s workplace, managers grapple with the challenge of nurturing and maintaining employee engagement, a task made more complex in the hybrid or remote work settings that are increasingly commonplace.

Today's Poll

Poll Description

CVS Health, parent company of Hartford health insurer Aetna, recently told employees it will cut 1% of its workforce, or about 2,900 employees.

The job cuts will mostly impact corporate jobs and are part of a broader $2 billion cost-cutting effort.

Meantime, CVS’ board of directors is performing a full assessment of the company, which has struggled financially in recent quarters, including the possibility of breaking it up, according to the Wall Street Journal.

This is the latest round of layoffs for CVS and Aetna. Just over a year ago, CVS said it would cut about 5,000 jobs nationwide, including hundreds of jobs at Aetna.

380 Votes
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