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- Jan. 13, 2025
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Each year, Hartford Business Journal identifies leaders we expect to make headlines in the year ahead. Here are 5 to Watch in 2025.
Norwalk data center operator grows into $100M business; CT’s high electricity prices prevent in-state growth
Bob DeSantis is bullish about the future growth of data centers.
CT manufacturers urged to embrace all-digital future, or risk being ‘run over’
“I’m going to apologize in advance — there are a lot of acronyms in this space,” said James Brino, addressing a classroom of manufacturing executives and engineers at the Connecticut Center for Advanced Technology in East Hartford.
Supply chain issues will pause Electric Boat’s hiring frenzy in 2025; new President Rayha focuses on creating ‘agility’ within company
Mark Rayha has stepped up to the president’s office at General Dynamics Electric Boat just as the Groton-based submarine builder experiences an inflection point in its now years-long expansion.
Kooris to lead Municipal Redevelopment Authority in first multifamily housing investments
A new quasi-public state agency armed with $60 million to spur multifamily housing in Connecticut downtowns and around mass transit hubs will begin to fund its first projects this year.
New St. Francis Hospital President Powell-Stafford focuses on recruitment, technology investment
The Governor’s Workforce Council published a report in 2020 stating that Connecticut requires about 3,000 new nurses every year to meet the needs of the state’s aging population.
Agwunobi returns to UConn Health, aiming to reduce system’s reliance on state aid
Like a boomerang, Dr. Andrew Agwunobi is back in his former role as CEO of UConn Health — which includes the 234-bed John Dempsey Hospital in Farmington and its dental and medical schools — at a time of significant change.
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Leading Community Foundation for Greater New Haven, DuBois-Walton aims to ‘create pathways for economic growth and stability’
Hanna Snyder GambiniKaren DuBois-Walton’s new Audubon Street office, where she sits as president and CEO of The Community Foundation for Greater New Haven, is in familiar territory.
Carstensen: Stagnation looms for CT economy
Fred CarstensenConnecticut employment is still below 2008 levels, and only 9,000 up from June 2018. By comparison, the nation has added 10 million jobs since June 2018.
Rassekh: Expect slower job/economic growth in 2025
Farhad RassekhConnecticut’s economy is affected by the economic policies of the federal government. If the incoming administration imposes high tariff rates, imports will fall and the value of the dollar in world markets will rise, hurting the U.S.
McKinney: Federal tariff and immigration policies could stall economic growth
Fred McKinneyThe year ahead represents a transition from a Democratic to Republican White House.
Flaherty: Baby boomer retirements will impact CT’s growth prospects
Patrick FlahertyConnecticut’s total employment has more than fully recovered from the COVID-19 lockdown, with private sector employment achieving all-time highs during 2024.
Lanza: Expect ‘slow-to-no’ CT job growth in 2025
Steven LanzaThe Federal Reserve’s two-year assault on rising prices has had its intended effect as the topline inflation number has dropped back to Earth, while the labor market has cooled considerably.
- Expert corner
Expert cornerInflation may soon rise again; savvy investors will be prepared
Rosa Y.C. ChenThe short-term outlook for the economy is strong with a near-term recession less likely. Inflation is decelerating, unemployment is low, and corporate earnings are solid.
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With elevated office vacancy rates, 2025 will continue to be a tenant’s market
John McCormick & Anna KocsondyThere were no surprises in 2024, as the Greater Hartford office market performed as anticipated.
Tight industrial inventory means steady demand, continued high rents into 2025
Demand for Connecticut industrial and logistics space has cooled over the past two years, especially for the enormous warehouses previously desired by nationally recognizable tenants.
Transfer Act and PFAS: two issues to watch in 2025 for commercial real estate industry
Gary O’Connor and Steven J. Stafstrom Jr.As a small state with a long industrial history, Connecticut has relatively high concentrations of brownfields and other sites requiring environmental remediation.
Supported by strong demand/government incentives, multifamily riding high into 2025
Multifamily market experts foresee no letup in housing demand or development interest in 2025, at least under current conditions.
Continued rough going for office market in 2025, although some see reason for hope
Experts expect the pandemic-induced embrace of remote work to continue to weigh down the office market in 2025, but some see reason to hope this trajectory could change.
Lower interest rates could boost loan demand in 2025; lenders eye AI, cybersecurity investment
Interest rate uncertainty dominated the headlines in 2024. The topic is likely to get a lot of attention in the year ahead as well.
Trump tax cuts likely to be extended or made permanent — with some potential changes
Andrea HarringtonChange is coming to Washington, D.C. this month, as Donald Trump is once again sworn in as president and Republican majorities take over in the House and Senate.
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Future federal support for Medicaid, Obamacare to weigh heavily on healthcare industry in 2025
As we enter the new year, certain trends will have a major influence on the healthcare sector in 2025.
How will potential tariffs impact CT manufacturers/supply chains? It’s a key issue in 2025
The change of administration in 2025 along with wider global instability brings questions and uncertainty for Connecticut manufacturers, and these factors may drive some of the dominant trends to watch in the coming year.
New leadership, AI adoption key trends impacting higher-ed industry
Hanna Snyder GambiniConnecticut colleges face numerous challenges, including recovering financially from the pandemic and the need to grow enrollment at a time when the state is graduating fewer high school students.
Does CT have a zero carbon energy future? Yes.
Lee D. HoffmanThe bulk of New England states, including Connecticut, have significant zero carbon energy goals to be achieved in the next 15 to 25 years.
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The General Assembly’s Labor and Public Employees Committee has raised a bill seeking to regulate the use of production quotas for warehouse workers.
The bill contains placeholder text that seeks to “limit the extent to which certain warehouse distribution centers can require their employees to meet unreasonable production quotas,” while also adding that it seeks to allow “individuals participating in a labor dispute to be eligible for unemployment benefits” and to “protect workers’ rights.”
2025 Charity Event Guide
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
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Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
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2025 Book of Lists
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
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2025 Charity Event Guide
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
-
Subscribe
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
-
2025 Book of Lists
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
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