More Passengers Flying at Bradley; Atlanta Growing As Top Destination

If you’re flying out of Bradley International Airport (BDL), you’re probably flying to Atlanta.  According to data from the United States Department of Transportation, the top five destinations from Bradley are Atlanta, Baltimore, Charlotte, Orlando, and Chicago. If a recent trip to the airport has left you with  the impression that the terminal in Windsor Locks has been more crowded than it used to be, you’re right. More people are flying in and out of BDL in recent months, as compared with the same period a year ago.

The other destinations reaching the top ten from Bradley are Detroit, Fort Lauderdale, Tampa, Philadelphia and Washington, DC.  In eight of the top ten destinations, with the exception of Detroit and Philadelphia, the number of passengers grew during the past year (October 2013 through September 2014) as compared with the previous 12-month period.

Recent additions to their schedules by carriers operating at Bradley may be influencing the numbers.  United started daily nonstop service to Houston in October. JetBlue added flights to Tampa and Fort Myers and expanded service to Washington, DC earlier in the year and Southwest has added flights to Atlanta, heightening competition with Delta.

The total number of “enplanements” has increased at Bradley in month-over-month comparisons for the first five months of the fiscal year that began on July 1, 2014, according to data provided on the Bradley airport website.  The number of passengers arriving on flights at Bradley were up 11.59 percent in July from the same month the previous year, and up 12.62 percent in August, 9 percent in September, 4.7 percent in October, 3 percent in November.  Data for December has not yet been published.

Between July 2013 and June 2014, the most popular months for travel from Bradley were the months of  April (258,756), May (257,627) and December (255,144). If recent trends continue, this spring may bring record-setting months to the airport.

During the first six months of 2014, about 2.9 million passengers used Bradley. That was a 10.6 percent increase from the 2.6 million passengers who used the airport in the first half of 2013, according to published reports.

Southwest carries the largest percentage of passengers at Bradley, 26.4 percent. Delta is next with 16 percent, followed by JetBlue at 12.1 percent, US Airways with 9 percent and American with 7.7 percent.  An assortment of smaller carriers carry 28 percent of the passengers, arriving and departing, at Bradley.

The on-time performance of the airlines at Bradley remained virtually identical between November 2013 and October 2014, at 81 percent, compared with 82 percent a year ago.  Among flights that have been delayed, the average duration of the delays has declined, from just over to just under an hour.

Bradley International Airport is the second largest airport in New England. According to the most recent economic impact analysis, Bradley contributes $4 billion in economic activity to the state of Connecticut and the surrounding region, representing $1.2 billion in wages and 18,000 full-time jobs.

Eight Communities to Receive Funds to Support Downtown Improvement Initiatives

Connecticut Main Street Center (CMSC), the downtown revitalization and economic development non-profit, is awarding eight organizations and municipalities a total of $80,000 in 2015 Preservation of Place grants.  The grants will be used to provide Bridgeport, Canton, Hartford, New Milford, Newtown, Putnam, Torrington, and Windsor Locks with targeted resources to increase their capacity to plan for preservation and revitalization initiatives in their downtowns and neighborhood commercial districts. The Preservation of Place grant program provides a source of funding for new initiatives that can be integrated into, and leverage, comprehensive Main Street preservation and revitalization programs.  The funds are meant to be flexible to meet individual community need.

The 2015 recipients of Preservation of Place Grant funds are:

• Bridgeport Downtown Special Services District for a feasibility study of the creation of a regional food hub and community supported agriculture in downtown Bridgeport
• Town of Canton for a comprehensive market study and brand strategy for Collinsville
• Hartford Business Improvement District for the creation of a community vision plan for a six block area of the Asylum Hill neighborhood
• Town of New Milford for a historic downtown New Milford branding & marketing program
• Town of Newtown for the Sandy Hook Village Signage & Wayfinding Design Plan
• Town of Putnam for Downtown Putnam design guidelines & standards
• City of Torrington for a Downtown Torrington market study & branding/imaging program
• Town of Windsor Locks for the historic train station reuse study

"Historic preservation and the revitalization of our Main Streets create jobs, bring vacant buildings back on the tax rolls and add value and vitality to adjacent buildings and neighborhoods," said John Simone, CMSC President & CEO.

"The diversity of locations, from the Northwest Corner of Connecticut to New London, matched with the diversity of projects, from creative placemaking in urban open spaces to organizational and leadership development that will improve the management function in downtown, will allow each community to respond to their greatest current need, actively creating their direction of growth," he added.

Since 2008, CMSC has awarded $446,130 through the Preservation of Place grant program to twenty four Connecticut communities, leveraging over $1 million in local Main Street initiatives.  The program receives support from the State Historic Preservation Office with funds from the Community Investment Act. A year ago, a total of $70,000 in grants were awarded to Bridgeport, Canton, Essex, New London, Norwalk, the Northwest corner, and Willimantic.

The mission of Connecticut Main Street Center is to be the champion and leading resource for vibrant and sustainable Main Streets as foundations for healthy communities. CMSC is dedicated to community and economic development within the context of historic preservation, and is committed to bringing Connecticut's commercial districts back to life, socially and economically.

Boston Will Be U.S. Hope for 2024 Olympics; CT Could Provide Assist

Boston’s selection by the U.S. Olympic Committee (USOC) as the United States representative in the sweepstakes to host the 2024 Summer Olympic Games could be good news for Connecticut. The USOC will hope to convince international Olympicsvoters to bring the Summer Games to America after a 28-year gap.  The International Olympic Committee will award the Games in 2017. The U.S. last hosted a Summer Olympiad in Atlanta in 1996; a Winter Olympics in 2002.  St. Louis hosted in 1904 and Los Angeles held the Games in both 1932 and 1984.

USOC board members chose Boston, with its promise of frugality and temporary, reusable venues, over Los Angeles, San Francisco and Washington.  Boston joins Rome as the only other city that has officially decided to bid. Germany will submit either Hamburg or Berlin, with France, South Africa and Hungary among those also considering bids, according to published reports.

The Connecticut Convention & Sports Bureau (CCSB), the state’s official meetings and sports event sales and marketing organization, “supports Boston’s bid for the 2024 Olympics,” Interim President H. Scott Phelps told CT by the Numbers last fall.

CCSB officials noted that if the Olympic Games decide to come to Boston, “it could be great for tourism in nearby Connecticut as well, as spectators and competitors would be encouraged to come visit our State’s attractions,” adding that “there might be opportunities for our state to host pre-Olympic competitions and … athletes.”

Even before Boston’s selection by the USOC, at least one Olympics observer suggested that Connecticut may have an Olympic supporting role to play.  Rosanna Garcia, associate professor of marketing in the D’Amore-McKim School of Business at Northeastern University in Boston, who has attended the past eight Summer Olympics, sees the city turning to Connecticut and Rhode Island to host some events.

“With more than 300 events that typically occur at the Olympics, many cities around Massachusetts, and even Rhode Island and Connecticut, will need to partner with the International Olympic Committee to host these events,” Garcia points out.

“Many preliminary competition events would need to take place outside of the main Olympic Park areas so events may occur as far away as Connecticut. This also is an opportunity for more people to get involved with the Olympic Spirit,” Garcia adds.

America's last two attempts to land the Games were unsuccessful - fourth-place finishes for New York seeking the 2012 Games that went to London and Chicago which had hoped to be selected for 2016.

Boston focused on its ability to use universities throughout the area to house events and athletes.  It touted a walkable, technology-based Olympics and said as many as 70 percent of its venues would be temporary, and the schools would pay for many of the venues, then take them over after the Games, according to reports on the city’s bid.

Last fall, a promotional video advocating a Boston bid was released, and a website was launched. With an eye toward innovation and efficiency, the video highlights Boston’s bid “to create a sustainable model for hosting the Olympic and Paralympic Games that can become the blueprint for future host cities.”

It is the first time that Boston has prepared a bid to host the Games, and it is being led by an organization called the Boston 2024 Partnership, a nonprofit organization formed to prepare the bid materials. The group is governed by a 36-member executive committee, and has launched a series of subcommittees aimed at master planning, fundraising, outreach, and engagement.

Organizers note that no tax dollars have been spent on Boston 2024, and tax dollars will not be used to build venues or pay for the operation of the Games. Public investment will be confined to roadway, transportation and infrastructure improvements, most of which are already planned and are needed with or without the Olympics.

“Regardless of whether or not Boston wins the Olympics, the City’s bid has helped to elevate the Boston and other New England brands to sports event planners from all over the world,” Connecticut officials added.

https://www.youtube.com/watch?v=IiNItLCJ1jI

40 Years Ago, Transportation and Fiscal Austerity Highlighted Inauguration Day

On  inauguration day, Connecticut’s incoming Governor would be “commuting by train to the Capitol for the inauguration to dramatize the need for more mass transit,” local news media reported. The Governor-elect was Ella Grasso, and the year was 1975.  She took the train from her hometown of Windsor Locks into Hartford.

Four decades later, transportation will once again be center-stage on inauguration day, as Governor Dannel Malloy has indicated in the weeks prior to taking the oath of office for a second time that transportation will be a leading issue of his second term. 

The Wall Street Journal has reported that a White House economic analysis from July 2014 found that 41 percent of the state’s roads were in poor condition, noting that Connecticut was tied with Rhode Island with the highest percentage of poor roads.  The state is also in the midst of improving the New Haven - Springfield rail corridor, poised to launch a revitalized "Hartford line."

Grasso, according to news reports of the day, also took the opportunity “to emphasize the need for fiscal authority in the face of projected money problems for the state.”

Dollars and sense were also central to the first inaugural address of Governor William A. O’Neill on January 7, 1981.

Published reports indicated “that he favored cutting spending rather than increasing taxes to eliminate a deficit in this year's budget. But he said that balancing spending with existing revenues would be even harder for the fiscal year beginning July 1.”

Speaking before a joint session of the State House of Representatives and Senate, The New York Times reported that Mr. O'Neill said: ''Government at all levels faces increasingly tough decisions, finding itself forced to do more with less. It seems we have only one choice: Curb spending and control taxation.''

O’Neill, who had succeeded to the office just a week earlier upon Grasso’s resignation due to ill health, said 'To maintain a budget balance, we can raise taxes or cut spending even further,'' he said. ''I do not want to raise taxes.''

Later in his term, O’Neill would respond to the collapse of the Mianus River Bridge on I-95 in Greenwich on June 28, 1983, which exposed a poor record of road and bridge maintenance in the state, with creation of a Special Transportation Fund to set aside money to maintain and repair the state's bridges.

That same year, the legislature agreed to eliminate tolls from Connecticut roads, in part due to a horrific accident in January at the Stratford toll station that killed seven people and galvanized public opinion.  The state had collected tolls at 14 locations - eight on the Connecticut Turnpike between Greenwich and Plainfield, three on the Merritt and Wilbur Cross Parkways, and at three bridges in the Hartford area. The tollbooths generated $66 million a year, The New York Times reported that year.

On January 9, 1991, former U.S. Senator and newly elected Governor Lowell P. Weicker said in his inaugural address that “The people of Connecticut have sent us here to do the right thing: to face up squarely to the facts of a state in fiscal trouble.'' Describing the state as ''rudderless,'' he said ''A deficit has taken control of our lives, coloring all else as it climbs beyond comprehension, sapping our confidence, humbling our visions. The past is not worth the best of our courage and creativity. That belongs to the future. 'So let's get this deficit business done, and fast.''

Although he did not propose it on day one, he would soon recommend imposition of a state income tax in Connecticut, which was approved in August 1991 by a reluctant state legislature and signed into law.  Just a few weeks later, Gov. Weicker signed legislation increasing transportation fees by $6 million, clearing the way for dozens of stalled road and bridge projects.  The New York Times reported that the $6 million” will raise the state transportation fund to $63 million” and “insure enough money to pay for road projects for the next six years.”

Nominations Sought for Women of Innovation as Efforts to Boost Representation in STEM Fields Intensifies

The Women of Innovation® awards gala, held annually, recognizes Connecticut women accomplished in science, technology, engineering, math and those who are involved in their community.  As the January 16 nomination deadline for this year’s 11^th annual event approaches, organizers at the Connecticut Technology Council are urging state residents to nominate their peers, colleagues, mentors and students, teachers and business leaders, research associates and inventors. A study last fall for the U.S. Small Business Administration found that “the gender gap persists for women in STEM fields. Women have increased their representation in STEM graduate enrollment, but that increase has been uneven across STEM fields,” the report found.

“While women have achieved parity for PhDs in biological and medical sciences, their enrollment continues to lag in some of the most entrepreneurial fields, such as bioengineering, mechanical, and civil engineering and materials science,” the report pointed out.

Last month, the White House urged women in the technology fields to share their stories as a way of attracting more women to the STEM disciplines. “When it comes to inspiring young women to pursue careers in STEM fields,” the White House website explained, “research has already shown us what works: Providing early, hands-on experience and encouragement; sharing the stories of positive role models in these fields (like the women whose stories we share); and illustrating the broad impact of roles in these fields.”

In Connecticut, the Women of Innovation awards recognizes women who have demonstrated and sustained accomplishment in their field, from students to business owners.  Women can be nominated for awards in eight categories:

• Research Innovation and Leadership
• Academic Innovation and Leadership
• Entrepreneurial Innovation and Leadership
• Large Business Innovation and Leadership
• Small Business Innovation and Leadership
• Youth Innovation and Leadership
• Collegian Innovation and Leadership
• Community Innovation and Leadership

The awards event is "a time for like-minded, successful women to get together and celebrate their accomplishments” – and it provides a reminder that women are excelling in fields where their ranks have traditionally been slim.  The awards will be presented at the annual Women of Innovation Gala on Wednesday, April 1 at the Aqua Turf Club in Southington.  Presenting sponsors include Boehringer Ingelheim, Covidien, Day Pitney and United Technologies.

Keynote speaker for the event will be Maggie Wilderotter, Chairman and Chief Executive Officer, Frontier Communications, headquartered in Stamford.  Wilderotter serves on the boards of Xerox Corporation and Procter & Gamble Company and on the boards of a number of non-profit organizations. Frontier Communications Corporation  offers broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses and home offices and advanced communications for medium and large businesses in 27 states.It recently began offering services in Connecticut for the first time.

The SBA report also found that “women are more likely to start firms that provide research and consulting services and are less likely to start firms in semiconductor and aerospace manufacturing, navigational instruments or communications equipment, which may correlate with lower reported rates of R&D activities for women STEM PhDs.”

As Connecticut seeks to promote growth in the bioscience and related technology fields, the SBA findings may be of particular note, including that “High-tech women-owned businesses may also be less likely to locate in geographic regions where they can take advantage of regional clustering of highly skilled labor and knowledge spillovers.”  The report found, however, that “female STEM PhDs value the independence of self-employment more than their male counterparts.”

The White House Office of Science and Technology Policy notes that “Supporting women STEM students and researchers is not only an essential part of America’s strategy to out-innovate, out-educate, and out-build the rest of the world; it is also important to women themselves.”

Women in STEM jobs earn 33 percent more than those in non-STEM occupations and experience a smaller wage gap relative to men, according to the Office.  “Increasing opportunities for women in these fields is an important step towards realizing greater economic success and equality for women across the board.”

Flu Increasing in Connecticut, As Official Data and Marketing Ads Differ on Severity

Sometimes, the numbers just don’t add up.  How can a city with a population of 125,000 have 156,598 incidences of the flu reported – in just one week?  That question was posed, in a letter to the editor published in the Hartford Courant, by H. Wayne Carver, Connecticut’s former Chief Medical Examiner. Carver noticed a full page ad in the newspaper which ran on Christmas Day, asserting the number of flu incidences “reported in Hartford.”  That ad ran again on New Year’s Day and Sunday, January 4, promoting Puff’s tissues, and offering a 25 cent coupon to "soften the blow.”  Puffs is a product of Procter & Gamble.

A visit to the Puffs website reveals a national interactive map which can provide the incidence flu merely by typing in the name of a town or zip code.  The result for Hartford? “Current cold and flu levels in HARTFORD are MILD.  Mild means that 3% to 8% of the population is sick.”  One does not need to be a math major to determine that 8 percent of 125,000 is not 156,598. And for a city of 125,000, how can this statement, on the Puffs facebook page, be accurate:  "FYI, Hartford. 156,598* of you have the flu."

So, where did the numbers come from?  The small print in the ad cites ”FAN Data, IMS Health, Affected Population in Hartford for Week Ending Saturday, December 6, 2014.”

IMS Health is a Danbury-based global company that provides information, services and technology for the healthcare industry.  IMS’s Flu Activity Notification (FAN) program is, according to the company website, “a comprehensive program that measures the total affected population with upper respiratory illness at the national level down to 135 markets.”

Within the past week, spurred by new data from the Centers for Disease Control and Prevention, increases in flu incidence around the nation, including Connecticut, have been reported.  The state Department of Public Health (DPH) reports a total of 444 positive influenza reports for the current season. Influenza was reported in all eight Connecticut counties: New Haven (141 reports), Fairfield (137), Hartford (68), Litchfield (30), New London (24), Middlesex (22), Windham (13), and Tolland County (9).

According to the CDC, widespread influenza activity was reported by 36 states, including New York, New Jersey and Massachusetts, in addition to Connecticut. As of last week, a total of 180 hospitalized patients with laboratory-confirmed influenza have been reported in Connecticut, DPH data indicates, with 19 associated with Type A (H3N2) influenza, 153 with Type A (subtype unspecified), and 8 with Type B. No flu-associated deaths have been reported to date in Connecticut, although the CDC reports more than a dozen deaths nationwide.

Public health numbers and marketing numbers are vastly different, with DPH reporting that “Connecticut influenza activity has been increasing during the last several weeks," but at levels in the hundreds statewide, not tens of thousands in a single city.  Advertisements for Puffs tissues in other major markets include these triple-digit numbers:  904,564 in Philadelphia, 369,631 in Detroit, 132,047 in Milwaukee, 157,298 in Kansas City and 348,801 in Columbus

“FAN provides critical status levels for each regional market area, reflecting seasonal severity and potential spread rate of illness throughout the season. With consumers only purchasing cough-cold and flu-related products when afflicted, this data is vital for maximizing ROI on promotions, marketing, product placement, and supply chain. The FAN program offers retailer-specific reporting as well, designed to each retailer’s specific trading area and distribution network,” the IMS website indicates.

The website goes on to explain that “For today's consumers, managing health is often a do-it-yourself project. IMS Health provides the most in-depth and reliable information and tools available to monitor health and make informed decisions about care.”

Founded in 1954, Danbury, Connecticut-based IMS is now the largest vendor of U.S. physician prescribing data, according to the company’s website. IMS pays pharmacies for anonymized prescription data, which it sells to drug makers curious about individual doctors’ prescribing habits.

IMS Health Global Headquarters remain in Danbury, at 83 Wooster Heights Road. The company website lists more than two dozen locations throughout the United States and in Canada, Japan, China, Latin America, Asia Pacific, North Europe and Africa, South Europe and the Middle East, Central Europe and Eastern Europe.

Company President Ari Bousbib points to IMS Health’s 10,000 professionals as their “most valuable asset. They include clinicians, epidemiologists, technologists, software engineers, data scientists, health informatics specialists and services experts—all with a deep understanding of customers and local markets around the world.”

The company does consulting work and trend analysis of the drug business. That portion of the company is growing faster than its data business, driving the 4.1 percent increase in the company’s total revenue last year, according to published reports. IMS Health became a public company last April, following four years as a private company.  As a corporation, IMS Health has made support for cancer prevention, treatment and research a focus of corporate philanthropy efforts.  That support has included major contributions to the Connecticut-based Hole in the Wall Gang Camp, for children with cancer.

Diversity Appears Lacking On Boards Leading Connecticut’s Technology Efforts

As Connecticut steps up its push into technology fields, seeking increased economic activity and more jobs, two of the organizations often associated with propelling opportunity for entrepreneurs and existing tech businesses appear to be less than representative of the state’s diverse population. The Connecticut Technology Council, a statewide association of technology oriented companies and institutions, has 49 individuals on their Board of Directors, according to the Council website.  Based on a cursory review, among the 49 members of the board,  one is African American, two are Asian, and six are women. The seven officers of the organization are all white males. 

Connecticut Innovations, a quasi-governmental organization, has 13 appointed members on its Board of Directors, along with four ex-officio members. Among the appointed members, none are women, none are African Americans, one is Hispanic, and one is Asian American.   Eleven of the 13 appointed members are white males, a review of the website reveals.

The Connecticut Technology Council provides leadership in areas of policy advocacy, community building and assistance for growing companies.  Speaking for over 2,000 companies that employ some 200,000 residents, the Council seeks to provide a strong and urgent voice in support of the creation of a culture of innovation, the organization’s website explains.

This includes working to position Connecticut as a leader in idea creation, workforce preparation, entrepreneurial aptitude, early stage risk capital availability and providing on-going support and mentoring to high potential firms.

The mission of the Connecticut Technology Council is “to build an interactive community of innovators and their supporters that can leverage these great advantages to create a thriving economy, job growth, a global reputation for entrepreneurial support, and a lifestyle that attracts the best and brightest people to come here and retains the young people who have grown up here.”

Since its founding in 1994, the CTC has had the continued support of the state’s leading corporations, which have enabled CTC to stimulate and facilitate the growth and awareness of technology-based companies throughout Connecticut.  The CTC currently lists 10 major sponsors – including corporations, businesses and law firms – and 28 supporting sponsors.

Members include investors, startups, established public and private companies, university and private industry researchers, government agencies, academic institutions, local development agencies, and senior executives from a wide range of industries.

Connecticut Innovations (CI), a quasi-governmental organization created in 1989 to provide strategic and operational insight to companies to push the frontiers of high industries such as energy, biotechnology, information technology photonics, plays a key role in the deployment of the state’s efforts toward supporting innovation and entrepreneurship.  The Connecticut Development Authority was folded into CI three years ago.

Connecticut Innovations’ Board of Directors includes four women serving in ex-officio capacities - all by virtue of the elected or appointed positions they hold:  State Treasurer Denise Nappier, Department of Economic and Community Development Commissioner Catherine Smith, Deputy Secretary of the Office of Policy and Management Karen Buffkin, and Board of Regents for Higher Education Director of Innovation and Outreach Gail Coppage.  Among the appointed members of the Board, none are women, none are African Americans, one is Hispanic, and one is Asian American.

The 17-member board is composed of nine members appointed by the governor and four appointed by the leadership of the General Assembly, as well as four ex-officio members who serve by virtue of their positions with the state: the State Treasurer, Commissioner of the Department of Economic and Community Development, the President of the Board of Regents for Higher Education, and the Secretary of the Office of Policy and Management (or their designees).

Connecticut Innovations’ Board of Directors is responsible for developing the overall strategic framework from which the organization creates policies and initiatives to help it succeed. The board is responsible for adopting an annual plan of operation and budget, overseeing the organization’s financial activities, including its investments, and overall governance of Connecticut Innovations. 

Connecticut Innovations’ board of directors announced earlier this month that Claire Leonardi has resigned as chief executive officer. Leonardi’s last day will be January 8, 2015, which will allow her to assist with the transition and help the board name a successor, according to a CI news release.  Leonardi led CI for three years, and her accomplishments include its consolidation with the quasi-public Connecticut Development Authority, absorbing CDA.

CI was also in the news earlier this fall, when the quasi-public put on hold its investment and entrepreneurial programs until early next year because it lacked sufficient state funds to cover additional commitments, according to published reports.  Funds were allocated by the State Bond Commission last month.

The State Department of Economic and Community Development (DECD) and CI have created an Innovation Ecosystem called CTNEXT. As a public-private partnership, CTNEXT catalyzes public and private resources to better support the formation, growth and attraction of companies with high growth potential, according to the state’s Economic Development Strategy report, published earlier this year.  That document notes that “Diversity of people is also a critical prerequisite to innovation.”

Whittlesey & Hadley Joins BlumShapiro Among Nation’s Top 200 CPA Firms

Whittlesey & Hadley, P.C., one of the area's largest regional accounting firms, ranks #192 in the Inside Public Accounting (IPA) fifth annual ranking of the Top 200 public accounting firms in the United States.  It is the firms’ debut appearance on the industry ranking list. West Hartford-based BlumShapiro was the highest ranked Connecticut headquartered public accounting firm, ranking at #56, up from #68 a year ago.  BlumShapiro and Whittlesey & Hadley are the only Connecticut-based firms among the top 200.

Inside Public Accounting (IPA), founded in 1987, is published by The Platt Group. The Platt Group publishes both the award-winning Inside Public Accounting newsletter and the award-winning National Benchmarking Report.

The top 10 firms – ranked by U.S. net revenue - include some well-known national names, and large regional firms not well known by businesses and consumers outside their regions.  The top 10 are:  Deloitte, PwC, Ernst & Young, KPMG, McGladrey, Grant Thornton, BDO USA, Crow Horwath, CliftonLarsonAllen, and CBIZ  & Mayer Hoffman McCan.  CohnReznick, which has a footprint in Connecticut (including a recent consolidation of suburban offices in downtown Hartford) ranked at #11.

Whittlesey & Hadley’s managing partner, Drew Andrews says, “We are pleased to see our firm join this prestigious list of growing CPA firms in the United States. This ranking represents our strategic plan to expand our professional services and talented team throughout the northeast.”

BlumShapiro was also named among the fifty “Best of the Best” by the publication, a category described as firms that “show strong growth and profitability, and rank high on numerous key metrics, they also demonstrate an enviable culture. These Best of the Best firms are at the top of their game.”

“We are honored to be recognized for this prestigious award,” said Carl Johnson, BlumShapiro Firm Managing Partner.  “To be distinguished as one of the best firms … is a testament to the teamwork, leadership and vision of all employees at BlumShapiro,” said Johnson. BlumShapiro is the largest regional accounting, tax and business consulting firm based in New England, with offices in Connecticut, Massachusetts and Rhode Island.

According to the publication, net revenue at Whittlesey & Hadley grew by 7.9 percent from the previous year; at BlumShapiro up 6.5 percent.

“With more than 540 firms participating in the IPA annual Survey and Analysis of Firms this year, along with many CPA firm associations contributing to the search to identify the IPA 200, this (is) the definitive ranking of the nation’s largest public accounting firms,” said Kelly Platt, principal of The Platt Group, the publisher of IPA.

Among the industry trends cited by the publication are tighter margins, leadership changes, globalization, new regulations, acquisition pressures, evolving technology, cultural shifts, fierce competition, and commoditization of services (firms struggling to differentiate in the marketplace).

Three firms earned positions in the Top 100 for the first time, and 12 firms – including Hartford’s Whittlesey & Hadley – debut on the Top 200 list.

Other industry trends, as highlighted by Inside Public Accounting:

• Cultural shifts – Younger employees often have different motivations and expectations than their elders at the firm. Up-and-comers who have “the right stuff” aren’t willing to wait the traditional 12 to 15 years to become partner and will challenge the firm to re-think normal career paths.
• Lack of diversity among partners – The ever-diversifying population – in age, ethnicity, language and gender – is not reflected in the makeup of the owners of accounting firms and change is glacially slow.
• Work environment challenges – Technology makes it possible for professionals to work anytime, anywhere. Balancing the needs of the individual with the needs of the firm, colleagues and clients can be tricky.

The IPA 200 are also engaged in acquisitions to grow in size, scope and capability, with 21 mergers reported for the group last year, adding more than 200 staff and more than $22 million into the aggregate numbers of the group.

Nonprofits Across CT Have Economic and Jobs Impact, New Database Shows

The interactive webpage was constructed and database developed prior to Election Day as a means of providing information about nonprofit organizations that their supporters could use to reach out to legislative candidates to advocate for the many charitable organizations in their local districts.  With the winning candidates now determined, the database may prove even more helpful in advocating for nonprofit organizations in what promises to be a tight state budget in 2015. The database, developed by Connecticut-based Blueprint for Impact, is an “advocacy tool” providing a range of data and information, broken down on interactive maps by Senate district and by House district.   Nonprofit organizations provide a wide variety of services throughout local communities, including some supported with state funds.  

Among the categories of data available are the number of employees working in the nonprofit sector along with the total compensation paid to those employees and the payroll taxes paid and total revenue of nonprofits within each district.

In addition, the site reports on the value of grants made by nonprofit organizations, and the average age of the nonprofits operating in each district. The age of each nonprofit is the number of years since the IRS ruling on tax-exempt status was provided. In Connecticut, there are many nonprofits that have been tax exempt for over 50 years. Older organizations may be more influential in their community.

The points on the map were organized by NTEE category. NTEE is the National Taxonomy of Exempt Entities, which categorizes nonprofits based on their social purpose.

The mission of Blueprint for Impact is to “help nonprofits use data to rethink, reboot, and scale their social impact. We direct our impact into each of those three aspects.”  Christopher D. Brechlin  is the Founder of Blueprint for Impact, a registered Benefit Corporation based in Hartford, that offers a collection of data tools, services, and expertise specifically for nonprofits.

The data used to populate the maps was accessed using the National Center for Charitable Statistics (NCCS) Enhanced Extract of IRS Financial Data, 2013. NCCS allows users to download data processed by the IRS during calendar year 2013 as submitted on forms 990, 990EZ, and 990PF. All data is therefore “as is,” or as it was reported on the forms to the IRS.

Economic Development Awards Recognize Innovation, Growth and Jobs

There are some economic development gems in Connecticut that have somehow managed to largely escape public attention, even as their businesses have grown and employment levels increased.  The companies were among 20 recipients at the annual Connecticut Economic Resource Center "Celebrate Connecticut" program, which recognizes "a broad range of individuals, companies and programs that have uniquely contributed to economic growth in Connecticut." Recipients ranged from individuals, including Waterbury Mayor Neil O'Leary and North Haven First Selectman Michael Freda, to the Seymour Fish Bypass, Durham Agricultural Fair Association (the largest fair in North America managed entirely by unpaid volunteers), and Five Point Gallery in Torrington.  But the bulk of the honorees were businesses - more small than large- with solid economic development stories to tell.  Among them:

Tower Laboratories is a leading provider of effervescent products in the United States and supples to distributors worldwide.  The company provides the fizz and bubbly sensation that gives products an edge, both in effectiveness and product appeal.  Located in Centerbrook in Middlesex County, they develop and man;manufacture over-the-counter medications, prescription pharmaceuticals and personal care, beverage and household products.

Belimo Air Control USA employees 300 people in Danbury, and recently moved into newly constructed headquarters.  Belino's products are essential components of the HVAC systems that keep indoor air comfortable, healthy, efficient and safe.  Prominent customers are not only in the U.S, but worldwide.

Polamer Precision is an advanced contract aerospace manufacturing firm that has just completed a 152,000 square-foot facility in New Britain.  The company will employ 83 highly skilled workers in this new facility, which will allow the company to increase its output and handle larger contracts.  It will also feature the largest industrial solar power generation system in Connecticut.

Recognized programs and organizations  include the Rowley Spring Adult Education Diploma and Certificate Program, Billings Forge Community Works, Northwest Connecticut Manufacturer's Coalition, the Southeastern Connecticut Cultural Coalition, Fiddleheads Natural Food Co-op and the Putnam Business Association's First Fridays event.

"These awards pay tribute to the hardworking people and successful programs and projects that are stimulating new jobs and investment in our economy,” said CERC President and CEO Robert Santy. “CERC is proud to recognize the 2014 honorees and the many successes making a positive impact on our business environment.”  The awards were presented by state Economic and Community Development Commissioner Catherine Smith and Shelly Saczynski, Chair of the CERC Board.

Officials noted that a number of the businesses receiving awards began in local basements or with homegrown talent and have grown to successful enterprises.  Danbury-based Mediassociates, for example, has seen 30 percent growth over the past 10-plus years and was highlighted as one of the top 3,000 fastest growing privately owned businesses in America by Inc. magazine.  Datto, Inc., headquartered in Norwalk with nearly $50 million in revenue in 2013, and more than 300 employees, began in a basement as nothing more than an idea.

Among the innovative programs recognized was the Stamford 2030 district, a private-sector-led initiative of 23 property owners and managers and community and professional partners working toward the goal of cleaner and greener commercial and large-scale buildings.  Stamford is the first city in New England and the tri-state region to establish a District, and one of only a handful nationwide.  The initiative is led by Connecticut Fund for the Environment and the Business Council of Fairfield County.

The 20 award recipients, two in each of 10 regions across the state, were:

North Central Billings Forge Community Works CareCentrix

South Central First Selectman Michael Freda Alexion

Southeast Fiddleheads Natural Food Co-op Southeastern Connecticut Cultural Coalition

Middlesex Tower Laboratories, Ltd. Durham Agricultural Fair Association

Waterbury / Naugatuck Waterbury Mayor Neil M. O’Leary Seymour Fish Bypass (Paul Pawlak Fish Bypass)

West Mediassociates Belimo Air Control USA Inc.

Southwest Datto, Inc. Stamford 2030 District

Central Polamer Precision Rowley Spring Adult Education Diploma and Certificate Program

Northeast Putnam Business Association First Friday's Event Plainfield Renewable Energy – A Leidos Company

Northwest Five Point Gallery Northwest Connecticut Manufacturer's Coalition

In addition, CERC awarded its Customer Service Award,named for the late Connie Maffeo, to Donna Wertenbach, President and CEO of the Community Economic Development Fund.

Connecticut Economic Resource Center, Inc.  is a nonprofit corporation and public-private partnership that provides economic development services consistent with state strategies, leveraging Connecticut’s unique advantages as a premier business location.