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Banking & Finance
CT’s $8K per person in bonded debt leads the nation, report finds
Keith M. Phaneuf, CT Mirror November 27, 2024Though Connecticut’s massive pension debt dominates the headlines, its tab for school construction, transportation work and other bonded initiatives also ranks among the heaviest burdens in the nation.
Keith M. Phaneuf, CT Mirror November 27, 2024
Bordonaro: Lawmakers must protect fiscal guardrails
Greg Bordonaro November 25, 2024Connecticut received some positive economic news earlier this month when analysts projected a rosier outlook for state budget revenues in the next few years.
Greg Bordonaro November 25, 2024
Lt. Gov Bysiewicz talks budgets, affordability at ‘In the Room’
Andrew Brown, CT Mirror November 22, 2024Like many Democratic officials, Lt. Gov.
Andrew Brown, CT Mirror November 22, 2024
Lamont warns ‘fixed costs’ will consume all revenue growth in next CT budget
Keith M. Phaneuf, CT Mirror November 21, 2024The Lamont administration threw cold water Wednesday on legislators’ hopes that the state would pump more dollars next year into education, social services, child care and other core programs.
Keith M. Phaneuf, CT Mirror November 21, 2024-
Sponsored ArticleMiddle market shaken, but not broken, by COVID-19
By Matthew E. Hummel, KeyBank Commercial Banking Team Leader September 4, 2020Each quarter, KeyBank surveys 400 middle market business executives (defined as those companies within the $10 million to $2 billion range) to understand the impact of current macroeconomic conditions and government policies on the business
By Matthew E. Hummel, KeyBank Commercial Banking Team Leader September 4, 2020 
CEO of activist hedge fund among 4 new CVS Health board members
David Krechevsky November 18, 2024CVS Health, the parent company of Hartford health insurer Aetna, said Monday it has appointed four new members to its board, including Larry Robbins, CEO of activist hedge fund Glenview Capital Management, which holds a large stake in the company.
David Krechevsky November 18, 2024-
Lamont moves to tighten CT spending despite projected surplus
Keith M. Phaneuf, CT Mirror November 15, 2024Gov. Ned Lamont has ordered mid-year budget cuts from public colleges and universities while warning all agencies to tighten their belts — despite projections Connecticut’s budget will close next June 30 a whopping $1.6 billion in the black.
Keith M. Phaneuf, CT Mirror November 15, 2024
CT Green Bank and NYC bank acquire new loans through Small Business Energy Advantage program, bringing total to $100M
Andrew Larson November 14, 2024Two banks have purchased a total of $100 million in loans issued through the Small Business Energy Advantage (SBEA) program, which provides loans that are initially funded by utility company Eversource Energy to help small businesses reduce their
Andrew Larson November 14, 2024
Social Security bill to raise benefits for some CT retirees clears House
Lisa Hagen, CT Mirror November 14, 2024The U.S. House overwhelmingly passed a bill that could raise Social Security benefits for tens of thousands of people in Connecticut who worked in public service as well as their families.
Lisa Hagen, CT Mirror November 14, 2024
Projected tax revenues surge, but CT can’t spend most of windfall
Keith M. Phaneuf, CT Mirror November 13, 2024State government’s controversial budget controls will force legislators to save $2.5 billion in the next biennial budget — nearly 50% more than they expected to withhold from education, health and child care, and other core programs, analysts proj
Keith M. Phaneuf, CT Mirror November 13, 2024
Will Trump win spur CT to cut taxes on working families?
Keith M. Phaneuf, CT Mirror November 12, 2024When assessing Republican Donald Trump’s presidential win last week, Gov. Ned Lamont said his fellow Democrats, nationally, lost sight of the economic woes plaguing the middle class.
Keith M. Phaneuf, CT Mirror November 12, 2024
Retired CT banking commissioner, former SBA chief and his deputy launch small business lender
Michael Puffer November 11, 2024Boosting small business lending to Connecticut’s Hispanic community was a top goal for Bernard Sweeney during his decade-long run leading the U.S. Small Business Administration’s Connecticut office.
Michael Puffer November 11, 2024
With new state incentive, second business industrial development corp. launches in New Haven
Michael Puffer November 11, 2024Business and industrial development corporations (BIDCOs) are small private lenders focused on lending to disadvantaged communities, and they’ve been a rarity in Connecticut.
Michael Puffer November 11, 2024
CT cannabis company secures $40M revolving credit facility from ‘major commercial regional bank’
Greg Bordonaro November 8, 2024Are federally insured banks warming up to the cannabis industry? A recent deal announced by a major cannabis company based in Connecticut could indicate the answer is yes.
Greg Bordonaro November 8, 2024
Nonprofits say poor CT families missed $120 million in tax relief
Keith M. Phaneuf, CT Mirror November 8, 2024Like many single parents, Sarah Desenclos struggles at times to make ends meet.
Keith M. Phaneuf, CT Mirror November 8, 2024
West Hartford financial advisory firm, with $6.6B in assets, merges with Boston company
Greg Bordonaro November 6, 2024A West Hartford financial advisory firm with $6.6 billion in assets under management has merged with a Boston company, according to an announcement.
Greg Bordonaro November 6, 2024
Stamford investment firm owner accused of wire fraud, money laundering after extradition from Brazil
Harriet Jones November 5, 2024A Stamford man extradited from Brazil has appeared in court in Hartford on charges stemming from an alleged investment fraud scheme. Justin C. Murphy, 49, plead not guilty to 23 counts and was released on a $250,000 bond.
Harriet Jones November 5, 2024
Today's Poll
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.
2022 Giving Guide
This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
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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.
Subscribe
2024 Book of Lists
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
Read Here-
2022 Giving Guide
This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
-
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.
-
2024 Book of Lists
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
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