CT Nonprofits Ponder Impact of Proposed United Technologies Merger, Corporate Relocation

CT Nonprofits Ponder Impact of Proposed United Technologies Merger, Corporate Relocation

One of the many questions surrounding the pending merger between United Technologies and Massachusetts-headquartered Raytheon is what happens next year?  Will the merged company, Raytheon Technologies, continue to support nonprofit organizations in Connecticut to the extent that UTC has, in many instances, for decades. Among those wondering is Special Olympics.

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UConn Earns Defense Industry Dollars, Research Designation

UConn Earns Defense Industry Dollars, Research Designation

Connecticut’s economic dependence on the defense industry is evident not only across the industry, but at the state’s flagship university. In recent months, the University of Connecticut has been re-designated as a National Security Agency/Department of Homeland Security Center of Academic Excellence in Cyber Defense Research and landed a four-year, $5.4 million contract with the Air Force

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Soda Tax in Doubt (Again) As CT Legislative Session Nears Conclusion; Study Finds Sales Drop When Prices Climb

Soda Tax in Doubt (Again) As CT Legislative Session Nears Conclusion; Study Finds Sales Drop When Prices Climb

In February, USA Today suggested that “Connecticut may become the first state in the country to tax sugar-sweetened beverages if Gov. Ned Lamont has his way.” With two weeks remaining in the legislative regular session, and budget negotiations within sight of their goal, the tax may be left behind.

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Connecticut-based Health Plans Boost State’s Economy, Study Finds

Connecticut-based Health Plans Boost State’s Economy, Study Finds

A recent study on economic impact of Connecticut-based health plans indicates they have a significant influence on the state’s economic health.  The health plans – all household names in Connecticut – provide $15 billion a year in positive economic output, according to a study by the Connecticut Economic Resource Center (CERC).

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Greater New Haven Economic Update Reflects Trends

Greater New Haven Economic Update Reflects Trends

The population change in the New Haven region’s municipalities (between 2010 and 2016) was negligible - an increase of 0.14%. The largest population losses during the six-year period were in Meriden (-665) and West Haven (-592) while the largest increases were in Milford (+671), New Haven (+626) and Hamden (+516). A draft economic development report, open for public comments through May 26, has the data.

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Banks, Regulated by Federal Government, Obliged to Say No To Marijuana Businesses - States Urge Congress to Act

Banks, Regulated by Federal Government, Obliged to Say No To Marijuana Businesses - States Urge Congress to Act

Attorney General William Tong has joined a bipartisan coalition of 38 states and territorial attorneys general urging Congress to pass the federal Secure and Fair Enforcement (SAFE) Banking Act or similar measures that would give legal marijuana-related businesses access to the federal banking system. Today, banks say no to marijuana-related businesses due to the ongoing conflict between state and federal law.

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