New Wallingford Rail Station Opens Ahead of Next Year's Hartford Line Expansion

The next step in the development of the Hartford line, which will significantly expand daily passenger rail service between New Haven and Springfield, takes place on Monday with the opening of a newly constructed passenger station in Wallingford. The Connecticut Department of Transportation (DOT) will officially open the new CTrail Hartford Line Wallingford Station to the public on Monday afternoon. The new station is located at 343 North Cherry Street, approximately one mile north of the existing station.

It will be opening in advance of the May 2018 launch of CTrail Hartford Line passenger rail service. Gov. Malloy and state officials announced last month that a one-way trip between Hartford and New Haven will run $8 when the expanded commuter service gets underway next spring. A trip along the entire length of the rail line — Springfield to New Haven — will cost $12.75.

The Wallingford station features amenities “aimed at providing a high-quality passenger experience,” officials point out, including high-level platforms on both sides of the track as well as elevators, stairways with an overhead pedestrian bridge to cross the tracks, and canopies covering approximately 50 percent of the platform length. There will be parking for approximately 221 vehicles in two surface parking lots at the station. There is also a passenger information display system, security cameras, electric vehicle charging, and bicycle racks. Limited seating on the platform is also available.

Construction began in December 2014 and cost approximately $21 million.  New rail stations in Meriden and Berlin are under construction, and are expected to come on line prior to the launch of the expanded passenger service in the spring. DOT officials have previously indicated that all stations will be compliant with the Americans with Disabilities Act, and none of the stations will have bathrooms.

Once underway, the new daily service will mean that from New Haven to Hartford, trains will increase from six to 17 per day. Between Hartford and Springfield, trains will increase from six to 12 per day. A new station in North Haven station is currently being designed, and is not due to be built and open until 2020. Stations in Enfield, Newington, West Hartford, Windsor and Windsor Locks stations are also part of the Hartford Line plans. Trains will arrive at stations in New Haven, Wallingford, Meriden, Berlin and Hartford every 45 minutes during peak hours and every 60 to 90 minutes during off-peak periods.

The DOT is accepting comments on the new fares through Nov. 27 by email (dot.hartfordlinecomments@ct.gov) or mail.  In addition, there will be three public comment forums: at 5 p.m. on Nov. 13 at the New Haven Hall of Records; 4 p.m. on Nov. 14 at Capital Community College in Hartford; and 5:30 p.m. on Nov. 15 at the Pioneer Valley Planning Commission in Springfield.

There is more than a rail station at work in Wallingford.  The town has completed a Transit-Oriented-Development (TOD) Plan that features shifting existing industrial development to the north, freeing up space for mixed-use and retail development in Downtown, officials said. The existing Parker Place apartment complex near the station offers a precedent for TOD and is expanding 200 units. The Town is also making efforts to encourage and support TOD by creating a new Town Center zoning district and reducing off street parking requirements. Transit-Oriented-Development refers to a high density, pedestrian oriented, mixed-use development located within a short walk of transit stations. TOD plans are also anticipated at the other stations along the Hartford line.

Varied Economic Development Projects, People and Programs to be Celebrated by State

The Connecticut Economic Resource Center, Inc. (CERC) has named top economic development projects, programs and leaders from throughout the state to be honored at the annual CELEBRATE CT! event on November 30, 2017 at The Bushnell in Hartford. The 21 honorees were selected by economic development officials in each of 10 regions across Connecticut for their contribution to the state’s economy – such as consistent or growing employment levels, playing a critical role in changing the character of its community or civic engagement, strong public/private collaboration to encourage new investment, or leadership resulting in growth or improvements.

The honorees include initiatives, businesses, organizations and individuals that are widely known in their communities, and some that are less well-known.  Reflecting the growth of the craft beer industry in Connecticut, the honorees include three breweries: Stony Creek Brewery in Branford,  Beer'd Brewing Company in Stonington, Alvarian Beer Company in New Britain. 

“These awards acknowledge key people, programs and projects that are stimulating new jobs and investment in our economy,” said CERC President and CEO Robert Santy. “They are well earned and well-deserved, and CERC is proud to recognize the 2017 honorees and their noteworthy accomplishments that are having a positive impact on Connecticut’s business environment.”

The 2017 honorees also include the UCONN Hartford Campus, which began operations this fall in downtown Hartford, the long-running Goodspeed Musicals, and the Heirloom Food Company in Danielson, an organic cafe and juice bar.  The state's increased emphasis on rekindling the manufacturing industries is reflected in the selections of Pegusus Manufacturing and Hurley Manufacturing.

This is the eighth year the event is being hosted by CERC, a nonprofit corporation and public-private partnership that provides economic development services, working closely with an extensive network of state, regional, local and utility partners to leverage Connecticut’s unique advantages as a premier business location.

Nearly 200 economic development and business professionals from around the state are expected to attend CELEBRATE CT! (To register or sponsor the event, visit www.cerc.com/celebratect)

The 2017 CELEBRATE CT! award honorees:

• Capitol Region/Hartford Joining Technologies UCONN Hartford Campus
• Central/New Britain Alvarium Beer Company Jasko Development LLC
• South Central/New Haven Stony Creek Brewery Mike Freda (for Amazon Fulfillment Center, North Haven)
• Southeastern/New London Beer’d Brewing Sean Nugent (for Preston Riverwalk)
• Lower CT River Valley/Middlesex Goodspeed Musicals Pegasus Manufacturing
• Naugatuck Valley/Waterbury Basement Systems Bristol Centre Square Project
• West/Danbury-Fairfield BRT General Corporation Ferguson Library (1 Million Cups) Inspira Marketing Group
• Metropolitan/Bridgeport Corvus Capital Partners LLC Future Health Care Systems
• Northeastern/Windham Heirloom Food Company Thompson Branding Plan
• Northwest Hills/Torrington Hurley Manufacturing Whiting Mills

CT Among States Most Vulnerable to Identity Theft and Fraud, Analysis Finds

Identity theft and Connecticut seem to go hand-in-hand, according to a new analysis of the prevalence of identity theft across the country. Connecticut ranked among the most vulnerable, at number 10 for identity theft and fraud and number 7 in identity theft complaints per capita. The credit-monitoring site WalletHub released a study this month identifying the states most vulnerable to identity theft and fraud. Analysts compared data for all 50 states and the District of Columbia across eight key metrics, ranging from identity theft complaints per capita to average amount lost due to fraud.

"Connecticut ranked #2 when it comes to Identity Theft in particular. It has the 2nd highest combined rate of identity theft complaints per capita and amount of losses per complaint (in dollars),  WalletHub Analyst Jill Gonzalez told CT by the Numbers. The data sets for the study included identity-theft complaints per capita and average loss amount due to fraud.

The most vulnerable top 10: California, Rhode island, Washington DC, Florida, Georgia, Michigan, Nevada, Texas, New York, and Connecticut.

WalletHub noted that according to the Identity Theft Resource Center’s most recent Data Breach Report, 2017 is on track to register the highest number of data breaches since the center began tracking them in 2005.  Major data breaches this year include Equifax, which potentially impacted more than 145 million Americans.

"The metrics which show truly alarming results in Connecticut's case are Identity Theft Complaints per 100,000 Residents (ranking 7th at 137.90) and Average Loss Amount Due to Online Identity Theft, calculated as the Total Reported Amount Paid / Total Number of Complaints Stating the Amount Stolen (ranking 5th at $12,174.48),” Gonzalez said.

A breakdown of the rankings found that Connecticut was:

• 7th in identity-theft complaints per capita
• 5th in average loss amount due to online identity theft
• 25th in fraud and other complaints per capita
• 23rd in state security-freeze laws for minors’ credit reports
• 24th in compliance with the REAL ID Act. The REAL ID Act establishes minimum security standards for license issuance and production.

The WalletHub analysis included three areas of data:  Identity Theft (47.5 points), Fraud (47.5 points) and Policy (5 points).

Among the policy measures, the state ranked tied for first in the Identity Theft Passport program metric.

"Identity Theft Passport programs help victims of identity theft reclaim their identity,” Gonzalez explained.  “When presented to a law-enforcement agency, for instance, an “identity-theft passport” allows a victim to prevent his or her arrest for offenses committed by an identity thief."

Data used to create the WalletHub ranking were collected from the Federal Trade Commission, Internet Crime Complaint Center, Federal Bureau of Investigation, Department of Homeland Security and National Conference of State Legislatures.

Innovation Drives Start-Up Businesses to Receive CTNext Funding

When CTNext, described as state’s leading resource for entrepreneurial support, distributed $54,000 to five Connecticut-based businesses at the annual CTNext Entrepreneur Innovation Awards, they instantly became five to watch. The fledgling businesses are among a growing number of start-ups that are being encouraged by state and private funding sources as Connecticut seeks to become a place where innovation, often driven by millennials, can thrive.  Such financial support aims to increase the odds of a business succeeding, while at the same time making it more likely that the company founders would stay in the state, at a time when many millennials are heading elsewhere.

The companies, selected from 10 that sought the CTNext funding of $10,000 per company, were:

• FallCall Solutions (Stratford): Creating a telemonitoring system for Apple Watch and other mobile systems for elders and caregivers
• Rumble Helmet (Bridgeport): Developing a smart bicycle helmet that has embedded features designed to communicate the cyclist’s intentions to other road users
• Sitrep (Cheshire): Creating a system for better communication of heating, ventilation and air conditioning (HVAC) problems
• Deo2Go (Norwalk): Creating a topical delivery device that can be filled with a variety of products, such as deodorant, lip balm and sunscreen
• EZ ICE: Manufacturing a kit for a custom and portable backyard ice rink that can be assembled in under an hour, with no tools and on any surface

For the second consecutive EIA, Deo2Go took home the $2,000 Crowd Favorite award. Rumble Helmet won an additional $2,000 as Judges’ Favorite, at the awards ceremony held in Hamden.

Rumble Helmet, founded in January 2017, is a smart bicycle helmet that has an embedded adaptive light system consisting of front flash light, back light, turn signals, and uniquely designed sidelights to communicate the cyclists' intentions to other road users, according to a GoFundMe page, now seeking financial support. The light system can be activated using hand signals. The smart helmet can detect vehicle presence in the cyclist's blind spot. Moreover, it can be paired with a mobile navigation application. This invention has a utility patent and design paten granted.  CEO Reem AlAttas, a University of Bridgeport Ph.D. candidate, is a co-founder.

Sitrep, based in Cheshire, was founded in 2014 to “develop monitoring systems that are intuitively usable.”  Principals are Harland Christofferson, Gary Martin and Michael Byrne.

The mission of Stratford-based FallCall Solutions, LLC is “to become the premier innovator in simplified communication solutions for the geriatric population and their caregivers.” The company website explains that the company aims to maximize elder independence and caregiver peace of mind by “building software based solely on the needs of the consumer rather than the trying to create and introduce new ecosystems into our customers’ lives.”

EZ ICE began in 2010 as a small Rhode Island company constructing ice skating rinks in families’ backyards in the Providence and Boston Suburbs, according to the company’s website.

Since launching the Entrepreneur Innovation Awards in 2014, CTNext has now held 13 total events in the state, awarding a total of $642,000 to 58 unique companies.  All companies – including the most recent selections - must be registered with the Secretary of the State’s Office in Connecticut before receiving any grant dollars from CTNext.

“It’s exciting to see the innovative ideas moving toward commercialization by our state’s entrepreneurs, and we are so pleased to be able to provide support to help progress those ideas to the next level,” said Glendowlyn Thames, Executive Director of CTNext.

Population Health Topics to Be Focus of Statewide Public Health Conference

“From Patient to Population Health - Disparities Matter” is the focus this year as the Connecticut Public Health Association (CPHA) expects approximately 300 public health practitioners from around the state to gather at the CPHA Annual Meeting and Conference, being held on October 30. The day-long conference will include more than 30 sessions on various public health topics, along with two keynote speakers and a range of professional development opportunities for attendees.  The keynote speakers will be Mark Masselli, Founder/President/CEO of Community Health Center, Inc., based in Middletown, and State Senator Doug McCrory of Hartford, Democratic Deputy President Pro Tempore, elected to the Senate this past year. 

Conference objectives include:

• Understand how public health policies and programs influence health disparities throughout life for patients and populations.
• Identify evidence-based strategies that can reduce health disparities and improve community health outcomes
• Influence health policies in state and country through disparities research and dissemination of evidence
• Promote the formation of collegial professional networks and the exchange of ideas among members of the public health community

Among the topics to be discussed in sessions throughout the day are youth suicide prevention, pregnancy screening in community-based settings, addressing the needs of people with complex social and health needs, substance abuse, health disparities, healthy eating and hunger, and nutrition education.  Sessions will also focus on early intervention, asthma, drinking water safety, intimate partner violence, and the impact of Federally Qualified Health Centers in improving health outcomes.

Represented among the presenters are the Community Health Center Association, UConn, the state Departments of Public Health and Mental Health and Addiction Services, the Connecticut Data Collaborative, Institute of Living, March of Dimes Foundation, Western Connecticut Health Network, Connecticut Hospital Association and the State Innovation Model Program Management Office.

A welcome address, via video, will be offered by U.S. Sen. Chris Murphy.

The Connecticut Public Health Association, which celebrated its 100^th anniversary last year, has been committed to improving the quality of the public health profession and advocating for policies and programs that promote health and prevent disease.  The organization provides professional development and education, public health advocacy, mentorship and communications to members and the public. This year’s conference is being held at AquaTurf in the Planstville section of Southington.

Award-Winning Accelerator Prepares for Next Cohort of Start-up Businesses

reSET, a Hartford-based non-profit organization supporting entrepreneurs, has opened applications for its highly regarded business accelerator program for 2018. Tailored for impact-driven businesses but available to early-stage ventures across all industries, reSET’s Impact Accelerator was a winner of the U.S. Small Business Administration Growth Accelerator Competition, and was the only Connecticut accelerator to receive the award, in 2015. Running from next January through May, the five-year old program will provide entrepreneurs with access to the knowledge and resources they need to grow their businesses and impact. Applications are being reviewed on a rolling basis; the final deadline is December 8, 2017.  Applicants are not limited to the Hartford area or Connecticut; in previous cohorts, participants have been from other states and nations.

reSET is a nonprofit organization whose mission is advancing the social enterprise sector. Its strategic goals are threefold: to be the “go-to” place for impact entrepreneurs, to make Hartford known as Impact City, and Connecticut the Social Enterprise state. reSET meets entrepreneurs wherever they are in their trajectory and aims to help them take their businesses to the next level.

The accelerator program has graduated 80 businesses to date. Recent participants have experienced success in advancing their businesses, including competitor acquisition, venture capital investment, and nationwide sales and recognition. 

Among the businesses are Almasuite, CareerPathMobile, Phood, Pelletric, Eureeka, Save America, and Genius Box. Kate Pipa, co-founder of Genius Box, which develops and sends science kits to elementary and middle-school age children, credits the Impact Accelerator with helping her business gain traction.

“reSET’s Impact Accelerator was a great stepping stone for getting introduced to and more involved in Connecticut’s startup scene.  Just being in reSET’s community allowed for access to workshops, mentors and service providers to answers questions and provide advice on different challenges that can come up when starting your business.”

Over the course of four weekend summits during the accelerator program, participants selected for the 2018 cohort will be connected to customers and industry-specific mentors. Up to 20 entrepreneurial teams will have access to:

• 20+ optional workshops covering a range of topics in business and social enterprise
• Numerous structured and unstructured opportunities to engage with investors and advisors
• 1-year reSET membership (includes access to co-working, programming and the on-site Entrepreneur-in-Residence)
• Exclusive discounts on business software packages and other resources

The accelerator will be free for accepted entrepreneurs and no equity will be taken from their operations. Graduates will also have an opportunity to compete for $20,000 in unrestricted funding at a culminating Venture Showcase in Spring 2018.

“As an entrepreneur myself, I have experienced the ups and downs of launching a new business,” said Jeremy Szechenyi, reSET’s Programs Manager. “Between reSET’s physical office and programs, we give entrepreneurs the resources and network that is critical to surviving and bringing their work to the next level.”

An information sessions will be held at reSET  (1429 Park Street, Hartford) on October 26 from 12:30-1:30pm, and November 15 from 5:30-6:30pm.  The sessions will be informal and meant to address prospective candidates questions.

reSET serves all entrepreneurs, but specializes in social enterprise ― impact driven business with a double or triple bottom line. In addition to providing co-working space, accelerator and mentoring programs, reSET aims to inspire innovation and community collaboration, and to support entrepreneurs in creating market-based solutions to community challenges.

Cybersecurity Remains Top Business Concern As Risks Mount; State Task Force Formed to Investigate

National Cybersecurity Awareness Month, marked annually in October, is sandwiched this year between one of the largest reported data breaches in history and the busiest online shopping period of the year. Now, the Connecticut Better Business Bureau says a new study shows small businesses are having difficulty calculating the cost versus risk of strengthening protection of their vital information.  And state and federal authorities have formed a new statewide task force to investigate cybersecurity crimes. The study, conducted by  the Council of Better Business Bureaus concludes that while most small businesses are aware of specific threats, the majority are at odds about how to prevent becoming a victim.

"Awareness of the potential and perceived cybersecurity threats is a crucial starting point," according to Connecticut Better Business Bureau spokesman Howard Schwartz. "The study shows that most small businesses are strengthening their data protection to some degree, however, it concludes they must place more emphasis on employee education to prevent cybercrime."

In an online survey of 1,100 businesses in North America, The State of Small Business Cybersecurity in North America finds 81 percent of small businesses use basic data protection tools such as antivirus software, and 75 percent protect their systems with firewalls. The downside is that the report reveals less than half of respondents concentrate on employee education, which is considered by the authors to be one of the most cost-effective prevention tools.

The most compelling reason for small businesses to take stronger cybersecurity measures, BBB points out, is because half of the study's respondents said they could not remain profitable for more than one month if their essential data was stolen.

Even though small businesses may be easier targets for determined cybercriminals, data breaches at the largest commercial, industrial and government networks yield information that is of much greater value because of stolen information's quantity and content, officials point out.  BBB urges businesses to train employees about data security protocols, because firewall and antivirus protection are not sufficient if your employees don't know how to detect and steer clear of suspicious online activity.

The Connecticut Business and Industry Association (CBIA) points out that “getting hacked can destroy customers’ trust and cost companies millions of dollars in legal fees, investigations, damage control, and lost income,” adding that “too many companies underestimate this threat or simply don’t know how to protect themselves until its too late.”

CBIA is holding free webinars for CBIA member companies this fall, with sessions upcoming on Oct. 25, Nov. 15 and Dec. 15.

The State Director of the Connecticut Small Business Development Center, Emily Carter, points out that for many small business owners, cybersecurity doesn't extend beyond using antivirus protection.  "It's something they think is only a threat for large corporations and big brands, but that's inaccurate," she explained.  SBDC recommends that small businesses train employees on best practices upon hiring and regularly provide training on cybersecurity.  SBDC has developed a workbook that lists resources that small business owners can access for free training, and a step-by-step guide to create a cybersecurity plan for their business.

“One of the most important things an employer can do for their business in the fight against cyber terrorism is to educate their employees," said Lynn Souza,  CEO of KyberSecure, with Connecticut offices in Fairfield and Rocky Hill.  "Cybersecurity is the responsibility of everyone, and end users are the gate keeper.  Teach them how to spot fraudulent emails, remind them weekly to be vigilant, and post cybersecurity information in public spaces.  Warren Buffet was quoted as saying ‘It takes 20 years to build a reputation and 5 minutes to ruin it.  If you think about that you’ll do things differently.’  However I like to change that just a bit and say ‘It takes 20 years to build a reputation and one click to ruin it. If you think about that you’ll do things differently.'  Teach your employees to always ask before clicking on anything and empower them with the tools and training they need to help protect your business,” Souza added.

Last July, Gov. Malloy announced a cybersecurity strategy for the state that included business among other sectors, and this week United States Attorney Deirdre M. Daly and representatives of federal, state and local law enforcement announced the formation of the Connecticut Cyber Task Force to investigate complex crimes in cyberspace.  The state strategy indicated "person, agency,organization and business in Connecticut faces some degree of vulnerability. You are affected whether you are a major corporation or the convenience store down the block."  It warned that "today’s firewall is tomorrow’s soft spot. Cyber risks are inherently complex and changing."   One of the key areas of focus for the Task Force is "to identify and disrupt criminal organizations that use computer intrusions to defraud companies of their money and information."

The Connecticut Cyber Task Force will be based at the FBI in New Haven. It includes representatives from the FBI, Drug Enforcement Administration, U.S. Secret Service, U.S. Postal Inspection Service, Homeland Security Investigations, Internal Revenue Service – Criminal Investigation, Defense Criminal Investigative Service, Connecticut State Police and 11 police departments from across the state, including the Bridgeport, Bristol, Fairfield, Greenwich, Hartford, New Canaan, New London, Norwalk, Stamford, Torrington and Westport Police Departments.

“The broad reach of cyber criminals can be felt almost every day in Connecticut,” said U.S. Attorney Deidre Daly.  “Day after day, we learn of companies, municipalities, educational institutions, hospitals, public utilities, nonprofits and citizens being targeted by bad actors.  These cyber criminals seek to disrupt our work, steal our intellectual property, compromise the personal or financial information of employees, customers and citizens through dedicated denial of service (DDOS) attacks, spear phishing campaigns, ransomware and malware attacks and other computer hacks or cyber intrusions.”

Adds Carter, "Cybersecurity is becoming a bigger and bigger issue, and it's not going anywhere."

Business owners can learn more about cybersecurity steps they can take through "5 Steps to Better Business Security" at bbb.org/cybersecurity. BBB also offers these tips to help protect personal and financial data while doing business and browsing online:

• Look for HTTP"S" - You will find it in your web browser's address bar. The "s" stands for secure and it will be accompanied by a padlock icon. That means the business is using technology to secure information between your digital devices and its website. Avoid using free wireless connections for shopping - Scammers can set up a fake wireless network with a legitimate-looking name in a coffee shop, restaurant, library, airport, hotel or anywhere else. Unless you verify the name of the establishment's real network, a hacker can burrow into your computer. Experts also recommend avoiding conducting any commerce or logging on to your accounts using a free public wireless network.
• Greeting cards can come at a high price - It's not unusual to receive an online greeting card at this time of year, but you can lessen the chances of downloading a virus if you confirm with senders that they emailed the card link to you. Clicking on a fake holiday card can cause big trouble and infect your computer.
• Educate your family - Explain why it is potentially dangerous to click on email or social media links or attachments, unless they are absolutely certain the sender is legitimate. Use the same caution on websites when clicking on hyperlinks or downloading files.
• Update and scan - Antivirus and firewall software do not provide sufficient protection unless you update it and scan your computer or smart device regularly.

Enfield, Backed by Western Mass., Goes After Amazon HQ2

The State of Connecticut is throwing its muscle behind Hartford and Stamford in their bids to become the home of Amazon’s second headquarters.  The Economic Development Council of Western Massachusetts, however, has issued a letter supporting a bid by the town of Enfield. In addition to Enfield, the cities and towns of Bridgeport, Fairfield, New Haven and Stratford submitted a joint proposal; Danbury also applied.

The bid by Enfield is perhaps the most ironic, as the Boston Globe pointed out in a front page article .  The central location being proposed is currently the Enfield Square Mall, which has seen its anchor stores – Macy’s, JC Penney’s and Sears – leave in recent years, followed by numerous smaller retailers.  The proposal is on the agenda of the next town Economic Development Commission, scheduled for Wednesday morning.  The Enfield proposal suggests Hartford, West Hartford, Windsor, Meriden and New Haven and Springfield as "potential satellite campuses" and stresses Enfield's place at the center of the Knowledge Corridor, which runs from Springfield to New Haven.

“It’s a scene repeating itself in dying suburban malls around the country,” the Globe reported, “a sweeping economic disruption known as the Amazon effect.”  Industry analysts have predicted that 20 percent of the 1,200 shopping malls in the U.S. will “meet their demise,” the Globe indicated.

Amazon.com has received 238 proposals from cities and regions across North America.  Amazon said Monday that 54 states, provinces, districts and territories in the United States, Canada and Mexico were represented in the bids. The number of applicants underscores the interest in the contest, which Amazon announced last month. The world’s largest online retailer said it would invest more than $5 billion and create up to 50,000 jobs for “Amazon HQ2”. The deadline for submitting proposals was last Thursday.

"There are no state boundaries for our region's workforce, company supply chains and students," Rick Sullivan, president and CEO of the Economic Development Council, wrote in a letter supporting Enfield.  The town is along the so-called "Knowledge Corridor," the economic region that includes Springfield as well as Hartford and New Haven, and follows the Interstate 91 corridor in Massachusetts and Connecticut.  The corridor is expected to benefit from the introduction of regular commuter rail service, being introduced next year; the Enfield proposal provides Amazon with a map of the new Hartford Line rail route.

The Enfield bid touts its proximity to higher education, Bradley International Airport and major highways, as well as arts and culture. Also highlighted are major businesses located in the community, including Lego, MassMutual, Brooks Brothers, and Eppendorf, according to published reports. The Enfield proposal opens with a stylized newsletter of the future, including facts about Enfield and the region, led by the headline “Internet Retail Giant Pumps Life Back into Dying Mall!”

"With a population of nearly 50,000, Enfield’s 33 square miles are at the center of the New England Knowledge Corridor, Enfield provides quick and easy access to several US Highways, airports and rail systems," the 12-page Enfield proposal explained.  "Tax Increment Financing (TIF) districts are being created in Enfield and surrounding towns to support new development and growth. Abatements and Regional Revenue Sharing are all available to sweeten the deal. Connecticut has the lowest corporate tax rate in the North East."

After having received more than a dozen potential bids, state economic development officials opted to promote Hartford and Stamford as its leading candidates to land the headquarters, developing a website to promote the two regions, under the headline “The Talent You Need.  The Lifestyle They Want.”  The submission noted that "if Connecticut were a country, we’d be the sixth most productive in the world—ahead of Germany, Japan and Hong Kong."

A letter of support jointly signed by the state’s seven-member Congressional delegation and included with the state’s submission did not indicate a preferred location in the state, advocating “full support of Connecticut as the home of your second headquarters.”  A similar letter was signed by legislative leaders of both political parties, along with the co-chairs of the state’s Commission on Economic Competitiveness.  That letter noted that “Connecticut has already made a major commitment to Amazon, with facilities in Windsor and Wallingford, and another planned for North Haven.”

The Hartford bid was supported by the Mayors of Hartford, East Hartford, and West Hartford, along with Chip Beckett of Glastonbury, Chair of the Capital Region Council of Governments.  A joint letter was included in the state’s overall package.  A similar letter supporting Stamford came from that city’s Mayor.

An additional letter of support for the state’s bid was signed by 57 business leaders from throughout the state, accompanied by another from nearly three dozen higher education leaders from public and private institutions.

It was, some have suggested, a show of unity that has been generally lacking during the four months that the state has operated without an approved state budget, the longest such period in the state’s history.

Some communities, most notably the joint proposal by the cities of Bridgeport and New Haven, along with their immediate suburban neighbors, didn’t make the state cut, but submitted proposals nonetheless.  The Enfield proposal touts the entire region, along the I-91 corridor.  Locations in Enfield, including the mall, are suggested, as are other communities north and south of the state line that could host various divisions of an Amazon headquarters, according to reports on the proposal.

Portions of artists renderings included in State of Connecticut proposal advocating for Stamford and Hartford.

Attracting International Start-Up Ventures to CT Takes State's Money and Business' Commitment

Connecticut’s efforts to attract innovative, early stage, start-up companies from around the world will be front and center on Friday at VentureClash, the state’s $5 million global investment challenge.  The mission is simple:  to provide early-stage companies worldwide with an opportunity to grow their business in Connecticut. Connecticut Innovations (CI), the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, is the driving force behind VentureClash, which has attracted companies in digital health, financial technology, insurance technology and the Internet of Things.

The nine finalists, from seven countries, will present in front of a panel of expert judges, at the competition to be held at the Yale School of Management.  The challenge will provide one top winner with a $1.5 million investment. Up to two second-place winners will each receive a $1 million investment, and up to three third-place winners will receive awards worth $500,000 each.

Applications opened in March.  To be eligible, companies must have been in business for at least 12 months, have paying customers or customers who are actively testing the applicant’s product, and be focused in digital health, financial technology (Fintech), insurance technology (InsureTech) or Internet of Things (IoT).

Companies seeking the VentureClash funding must also “be willing to establish a Connecticut presence, which applies to domestic and international applicants,” according to the competition’s criteria.

Tim Armstrong, CEO of Oath, will be the keynote speaker at the event. Oath is a global digital and mobile company that reaches more than one billion global consumers and partners with the world’s leading global brands. Oath owns close to 50 mobile and internet brands, including Yahoo, AOL, HuffPost, TechCrunch, Tumblr and other leading brands as well as global commerce and advertising platforms that support thousands of partners across the globe.

The VentureClash finalists are:

• Bought By Many – A U.K.-based interactive members-only service, Bought By Many offers targeted insurance opportunities designed to help individuals find the right insurance efficiently and customized to their needs.
• Buzzmove – Buzzmove is the United Kingdom’s only price-comparison and instant-booking platform for all services related to moving and the right level of insurance needed to cover moving-related services.
• Davra Networks – Based in Ireland, Davra Networks provides a complete Internet of Things (IoT) platform that allows customers to define, build and bring to market vertical-specific IoT applications while collecting and easily sharing data.
• EAVE – U.K.-based EAVE is developing the next generation of hearing protection and communication technology utilizing noise cancellation and speech enhancement to eliminate noise-induced hearing loss.
• FRISS – Based in the Netherlands, Friss uses proprietary analytics software to provide state-of-the-art solutions in the fields of fraud, risk and compliance for the insurance industry.
• Peek Health, S.A. – Based in Portugal, Peek Health offers powerful three-dimensional preoperative planning software for orthopedic surgery that aims to help the surgeon better treat the patient while reducing costs and surgical times.
• SCADAfence – Based in Israel, SCADAfence is a pioneer in securing mission-critical industrial networks from cyber threats, reducing the risk of connecting multiple devices in industries like manufacturing, utilities, oil and gas.
• Tellspec – Headquartered in Toronto, Canada, Tellspec is a data company with the ability to scan food, offering non-destructive real-time food testing for quality control, authentication, safety and nutritional value.
• Vouchr – Based in Canada, Vouchr is a secure, payment-agnostic tool that allows users to bundle transfers of funds with photos, videos, social networking and gamification.

“VentureClash again attracted an impressive list of innovative, early-stage companies poised for growth,” said Matt McCooe, CEO of Connecticut Innovations. “The fundamental improvement in this year’s competition is the deep involvement of so many corporate partners. Many of Connecticut’s flagship companies engaged in the process to learn about, meet and help us select the competitors in VentureClash. The Connecticut-based companies are looking to CI to act as a tech scout, and to help identify fantastic talent and innovation from across the globe.”

Recognizing that it takes more than money to succeed, officials point out, the $5 million global business competition also includes access to a critical network of customers, investors, mentors and talent.

VentureClash 2017 has partnered with the following organizations for this year’s competition: Aetna; Bank of Ireland’s Startlab; Boehringer Ingelheim; Dream Payments; Fiondella, Milone & LaSaracina LLP; General Dynamics Electric Boat; Health Venture; ISG (Information Services Group); Magellan Health; Medtronic; Microsoft BizSpark Assets; Navigators; Pitney Bowes; RBS/NatWest; Shipman & Goodwin; Sikorsky & Lockheed-Martin; Stanley, Black & Decker; Stanley Ventures; Synchrony Financial; The Hartford; The Jackson Laboratory; Travelers; Updike, Kelly & Spellacy; Webster Bank; Yale University; Yale New Haven Health; and Yale Office of Cooperative Research (OCR).

A year ago, in the inaugural VentureClash, ten companies were selected as finalists from an initial field of 200.  The top prize winner, DreamPayments, was a financial technology company that provides a cloud-based mobile payment platform for merchants and financial institutions.  Based in Canada, the company was looking to expand its operations to the U.S.  In receiving the $1.5 million in funds from CT Innovations, they stated plans to hire up to 10 employee positions in Connecticut and add a business development professional to help assist with its U.S. growth plans.  The company is headquartered in Toronto, with operations also now in Stamford.  The company hired its first U.S. employee in March.

Connecticut Innovations is Connecticut’s strategic venture capital arm, providing funding and strategic support to early-stage technology companies. In addition to equity investments, CI provides grants that support innovation and collaboration through CTNext, and connections to its well-established network of partners and professionals.

To register to attend the 2017 VentureClash finals event, visit: www.ventureclash.com/event.

Forum on Bankruptcy Planned as Budget Eludes State, Hartford Nears Decision

If the state legislature remains deadlocked on approval of a state budget and the level of municipal aid that would be sent to the City of Hartford, a public forum planned for next Thursday, October 19, may offer a sneak preview of what will come in the days after the headline “Hartford Declares Bankruptcy.” In a program organized by the City of Hartford with support from the Hartford Foundation for Public Giving, the front-burner topic will be “What Does Municipal Bankruptcy Mean and What Can We Learn From Other Cities.”  Insight will be offered by Kevyn Orr, former Emergency Manager for the City of Detroit; Don Graves, former Deputy Assistant to President Obama and Counselor to Vice President Biden; and Mayor James Diossa of Central Falls, Rhode Island.  Moderator for the forum will be Jay Williams, recently installed as President of the Hartford Foundation for Public Giving, and a former U.S. Assistant Secretary of Commerce for Economic Development, and Mayor of Youngstown, Ohio.

The purpose of filing Chapter 9 bankruptcy is to provide a financially distressed government body protection from its creditors while it reorganizes to make itself more fiscally stable.  Opinions differ on its impact and effectiveness.  In Connecticut history, the city of Bridgeport filed for bankruptcy in 1991, but the filing was withdrawn by a new administration after the incumbent Mayor was defeated.  Years later, action by the state legislature to take over fiscal management of Waterbury prevented a possible bankruptcy declaration.

The 90-minute program on October 19 will be held beginning at 8 a.m. at The Society Room on Pratt Street in downtown Hartford.  The conversation continues at a late-afternoon public forum, with the same panelists, at Hartford Public High School.  

Central Falls, the first city in Rhode Island history to declare bankruptcy, in 2011, came out of bankruptcy in a relatively short 13 months.  Described as one of the hardest hit communities in the great recession, with unemployment reaching 16 percent between 2010 and 2012, Central Falls was considered by 2015 as among communities in the state that, although still struggling, were on the rise.

On July 18, 2013, Detroit, Michigan, became the largest municipality in United States history to file for Chapter 9 bankruptcy.  Detroit’s highly visible bankruptcy is today credited by some observers as a key element in the city’s ability to rebound in more recent years, attracting new investment after shedding considerable liabilities through bankruptcy court.  It is even using its bankruptcy as a plus as it goes after Amazon’s second headquarters – a competition that Hartford also looks forward to entering.

Out of nearly 89,500 municipalities in the country, there were just 239 municipal bankruptcy filings between 1980 and 2010, according to the American Legislative Exchange Council.  That number picked up considerably in the aftermath of the recession, including Detroit, Central Falls, San Bernardino and Stockton, CA; and Jefferson County, AL.

Hartford Mayor Luke Bronin said earlier this month that Hartford would seek Chapter 9 protection if additional state aid was not forthcoming by November. The city is seeking at least $40 million more this year — on top of the $260 million the city is already due to receive -also now in doubt due to the state's budget stalemate.  The city, facing a $65 million deficit, is expected to run into cash-flow problems this fall, with shortfalls of $7 million in November and $39.2 million in December, according to published reports.

A week ago, in a newsletter to bond holders and other investors, Municipal Market Analytics noted some of the issues that a Chapter 9 petition could pose not only to Hartford, but to jurisdictions beyond the city’s borders, including steeper interest rates when towns in the region borrow for infrastructure projects, and a possible adverse impact on the state’s bond rating.  The report was speculative, but could have an impact on decisions made at the State Capitol in the coming weeks.