CT Saves Week Focuses on Individual Finances (Not State Finances)

When the Legislative Office Building hosts a Financial Education Expo on Wednesday as part of Connecticut Saves Week, there may be more than one passerby suggesting that legislators pay particular attention, given that the state budget has been perpetually out-of-balance in recent years. The Expo, from 10 a.m. to 1 p.m., is open to the public.  Connecticut Saves Week, which runs through March 3, is part of America Saves Week, which began in 2007.

In addition to the expo at the State Capitol complex, there are three financial action workshops this week at American Job Centers around the state, with a focus on setting financial goals, reducing expenses and improving credit. They are being held from 9 to 11 a.m. on Tuesday in Hamden, 1 to 3 p.m. on Tuesday in Bridgeport and 9 to 11 a.m. on Thursday in Hartford.

UConn Extension will also be holding a Beyond Paycheck to Paycheck workshop series at its New Haven County Extension Center from 6 to 7:30 p.m. on March 5 and March 12 (The first of three sessions was held on Feb. 26).

“These workshops are designed to help individuals and their families take charge of their educational and career goals by providing budgetary guidance that will lead to future success,” said state Labor Commissioner Scott D. Jackson. “Whether the plan is to purchase tuition and books, buy a car to get to work, or start a savings plan, the end goal is improving economic security and employment opportunities for our residents.”

According to a May 2016 report from the Federal Reserve, 46 percent of adults surveyed said they could not cover an emergency expense costing $400.  Results from the 2015 FINRA Investor Education Foundation US Financial Capability Study indicate that among Connecticut residents, 48 percent do not have emergency funds, 52 percent have not set aside money for children’s college education, and 18 percent are spending more than their income. Financial literacy is offered in some Connecticut schools, but it is not required by the state for high school graduation.

Chris Lee, president of Connecticut JumpStart, a local nonprofit that works to get financial literacy into schools, told WNPR in December 2017 that a part of the state’s budget problem might be because lawmakers aren't very financially literate, the news station reported.

"I've always said I think a lot of members of the House and Senate both need to take some financial literacy courses and get some background in it before they go in to do some budget talks just to understand how all this stuff works," Lee told WNPR. "They don't understand financial literacy and they don't understand why it's important."

A financial literacy survey of high school and college students in Fairfield and New Haven counties and surrounding areas conducted last year showed 29 percent of local young adults do not have checking accounts or regularly use only cash, highlighting the need for expanded financial literacy education.  The survey was conducted by Stamford-based Patriot Bank.

An online “pledge” is available for interested individuals that will trigger periodic information, advice, tips, and reminders sent by email or text message, designed “to help you reach your savings goal, ” according to the CT Saves website.

The Connecticut Saves campaign encourages residents to assess their savings and save automatically to achieve financial goals. It is coordinated by UConn Extension and partners that include the Connecticut Department of Banking; the Connecticut Department of Labor; Connecticut State Library; Hartford Job Corps Academy; People’s United Bank; Human Resources Agency of New Britain, Inc.; Connecticut Association for Human Services; the Better Business Bureau Servicing Connecticut; Chelsea Groton Bank; and Community Renewal Team.

MassMutual Tax Break Raises Questions in MA; Enfield Looks for New Tenant 4 Years After CT Celebrated Renewed Commitment

When MassMutual moves up the road from Enfield to Springfield, adding 2,200 jobs in Massachusetts over the next four years, and adding a new $240 tower to the Boston cityscape that will employ about 500, the company will see $46 million in tax breaks that has some questioning the Bay State’s return on investment. In the lead business story in Sunday’s Boston Globe, the newspaper described the package provided to MassMutual, announced earlier this month, as “huge for a state that has historically been tight-fisted with corporate subsidies.”  It is “twice as generous as the next largest award ever handed out” under the specific state program utilized, and the largest ever state subsidy in Western Massachusetts, the Globe reported.

By comparison, the report indicated that the $120 million that helped lure GE from Fairfield to Boston was an investment in real estate to seal the deal, which should remain with the state should GE decide at some future date to depart.  MassMutual, however, need only create 2,000 jobs in Massachusetts during the next few years to receive the tax break.

The move comes just under four years after MassMutual stressed its commitment to Connecticut, receiving a 10-year, $13 million tax abatement from the State of Connecticut for renovations to their Enfield location, which employed between just over 1,500 people.   (On the day of the announcement in 2014, the company indicated 1,600; the Governor’s Office indicated 1,900 employees.)

For Enfield, the news isn’t great, but many of the people who live in town won’t have to relocate their families when their business address crosses the state line.

“Those people will still be part of the local economy,” Enfield town Manager Bryan Chodlowski told the Globe, adding that “maybe this facility represents a corporate headquarters for a new user.”

MassMutual has been the town’s largest taxpayer, and the largest major corporate presence since the departure a few years ago of Hallmark, which moved operations to the mid-west. Hallmark, which was the fifth largest taxpayer, decided to close its 1-million-square-foot Enfield distribution center in 2015 and eliminate 570 jobs, ending 63 years of operation in the town.  The Kansas City-based company said in announcing the closure that about 40 percent of Hallmark products had shipped out of Enfield.  Hallmark’s departure announcement came one year –almost to the day - after the MassMutual tax break and renovation announcement.

In 2014, MassMutual led the announcement of its Connecticut facility renovations by “Underscoring its commitment to the insurance and financial services sector in Connecticut,” as it “unveiled the more than $38 million renovation of its Bright Meadow campus, the primary location for the company’s retirement services and workplace insurance businesses.:”

Company Chairman, President and CEO, Roger Crandall said: “We now have a world-class facility to accommodate the excellent growth potential of this business, and we look forward to delivering an outstanding service experience for our customers here for many years to come.”

Connecticut Governor Dan Malloy added: “Most importantly, MassMutual's long-term commitment to expand in Connecticut keeps 1,900 good paying jobs with good benefits here and will have a lasting impact on the state and local economies for years to come."

The tax abatement was to come through the Urban and Industrial Sites Reinvestment Tax Credit (URA) program. Administered by the Department of Economic and Community Development (DECD), the tax credit program allows for a dollar-for-dollar corporate tax credit for an investment up to a maximum of $100 million in a project, according to an announcement by the Governor’s Office in 2014.

MassMutual, founded in Springfield in 1851, plans to bring in employees now located not only in Enfield, but in North Carolina, New Jersey, Pennsylvania and Tennessee.  The company anticipate

s a workforce of 4,500 in Springfield, somewhat larger than the 3,150 currently at company offices in the city, the Globe reported. The company expects to retain offices in Amherst, Mass., New York City and Phoenix, AZ, which provide access to specific talent pools and business solutions, a company news release pointed out.

Company facilities in Springfield and Enfield were each about 60 percent occupied, a company spokesman indicated, explaining the logic behind the move. In total, MassMutual Plans to invest nearly $300 million into the Commonwealth and increase its workforce in the state by approximately 70 percent by the end of 2021, the company said earlier this month.

Was an expansion in Connecticut ever considered?  “It’s not clear,” the Globe reported, indicating that a spokesman for the Connecticut Department of Economic and Community development declined to comment on whether state officials had been involved in any negotiations with MassMutual this year.

MassMutual is ranked number 77 on the Fortune 500 list with $675 billion in assets under management.

Transportation Officials Announce "Stunning" Findings in I-95 Congestion Study

“For years, the accepted thinking was that the only way to relieve congestion on I-95 was to add a lane in each direction from border to border. After a detailed study of alternatives, we have determined that strategic, directional widening on I-95 between New Haven and New York can significantly reduce congestion and can be built within existing right of way.” Those comments, from Connecticut Department of Transportation (CTDOT) Commissioner James P. Redeker , accompanied the release of a study on the impact of widening and improving both the western and eastern portions of Interstate 95 in Connecticut, and which also outlined “the consequences of failing to act.” The report indicated that “limited,  directional and strategic widening yields major benefits.”

Redeker added that “Similar strategic, localized investments can also reduce congestion between New Haven and Rhode Island. These findings indicate that we can achieve congestion relief through strategic and much less costly investments far sooner than previously thought. In addition, the return on these investments would far exceed the cost of the projects.”

Currently, peak morning and evening congestion on the highway accounts for 54 million hours of delay and costs $1.2 billion in lost time annually. Key areas studied were Fairfield to Bridgeport Northbound (6.3 miles), Stamford to New York Southbound (9.3 miles) and Stamford to Fairfield Northbound (11.1 miles).  The report noted that safety, as well as travel time, was a key element in the recommendations.  For example, from Branford to the Rhode Island border, it was indicated that there were 3,380 crashes during 2014-2016, including 997 injuries and 23 fatalities.

The I-95 widening projects were included in the $4.3 billion in projects canceled or suspended by the CTDOT last month because of what the Governor’s office described as “long-term failure to adequately fund the Special Transportation Fund.”  The Governor’s revenue proposal – which includes a seven-cent increase in the gas tax over four years and the implementation of electronic tolling – would allow for these investments to go forward, the Office said.

“CTDOT is excited to announce that after a detailed study of options for relieving congestion on I-95, we are able to report a stunning set of findings,” Commissioner Redeker said in releasing the report.

Among other findings, the report notes that just one of the projects proposed – adding one northbound lane between exits 19 and 28 – would reduce travel time from the New York border to Bridgeport from 63 minutes – if no improvements are made – to 41 minutes during weekday afternoon peak times. .Short-term, mid-range and long-range options were presented for I-95, including exists 54 to 55, 88 to 90, 80-74 80-82A, and the I-95/Route 32 interchange.  Long-range improvements from exit 54 to 69 “requires further study” the report said.  It also called for “strategic improvement” Northbound from Exit 19 to 28 to “remove bottleneck.”

In announcing the report’s findings, Governor Malloy warned that without legislative action this session to shore up the Special Transportation Fund (STF), this type of investment will be impossible.

“These improvements shouldn’t be seen as optional,” Malloy said. “But without new revenue to stabilize the Special Transportation Fund, critical projects like the I-95 widening will not be possible. I put forward a reasonable proposal last month, and I look forward to working with the legislature this year to find real, long-term transportation solutions.”

“Connecticut deserves this rational, sensible and cost-effective investment to support our economic growth,” Redeker added. The DOT first announced a study of the I-95 corridor in October 2016.

100 Best Companies to Work From Home? CT Has Four, Led by Aetna

Working from home – for a major company – isn’t the aberration it once was.  And a handful of Connecticut companies have made the national list of the Top 100 Work From Home companies. Aetna, now planning to stay in Connecticut, was the top-ranked Connecticut business, at number 17.  For those thinking about the proposed merger ahead, Rhode island based CVS Health also made the top 100, ranked number 93.

Stamford-based Xerox was number 31 on the list, dropping from number 14 in 2017, and The Hartford came in at number 69, a similar ranking to last year’s number 69.  Cigna was number 90, falling from number 74 last year. 

The list was featured recently in Forbes magazine, and was developed by the website Flexjobs.

“With mobile devices and videoconferencing technology becoming more widespread, telecommuting jobs are also becoming more common,” the publication pointed out.

The top sectors offering such work are health care, computer/IT, education/training, sales, customer service, finance and travel/hospitality of the 19 industries represented on the list.

Five of the fastest-growing remote career categories are therapy, virtual administration, client services, tutoring, and state and local government, the analysis of the list indicated. The 20 most common telecommuting job titles include teacher, writer, developer, analyst, sales representative, nurse, accountant and program manager.

Five companies are fully remote, and 30 are newcomers to the list.  Xerox – along with Kaplan and UnitedHealth Group - are among the 29 companies who have made the list every year since 2014.

Each year for the past five years, Flexjobs listed the 100 companies that posted the most remote-friendly job openings throughout the last year. Remote-friendly means the openings must offer some level of telecommuting (the levels on the Flexjobs site are 100 percent, mostly, some, or optional telecommuting).

Last fall, Working Mother magazine reported that Aetna was offering "working-mom-friendly perks, like a work-from-home program that more than 43% of its employees participate in."  According to Aetna’s career website, Working Mother pointed out at the time, the company had openings for 222 jobs that can be done remotely from home. "The jobs are based across the country and are available in a range of fields, including marketing, management, information technology and more."

Report Reflects Good News, Continuing Challenges for Women, Girls in Eastern CT

Women and girls in Eastern Connecticut are progressing in many ways, but gender equity is elusive in many others, according to a new report.  The Community Foundation of Eastern Connecticut commissioned DataHaven to develop a report on the Status of Women and Girls in Eastern Connecticut, and the findings provide an insightful snapshot of disparities that persist, and challenges that remain and may increase, as well as diminish, in the years ahead. The purpose of the 26-page report, explains the Community Foundation’s President and Chief Executive Officer Maryam Elahi, is “to help inform and guide thoughtful conversations and inspire local ideas for social and policy advancements and investments.”   It is designed to be a “platform for action” to increase opportunity, access and equity for women and girls in Eastern Connecticut, officials indicated.  It is the first time that such a report was developed.

Among the key findings:

• Young women are achieving in school, but greater educational attainment has yet to translate to economic equality.
• Positive educational outcomes and economic equality are further out of reach for women of color.
• Many occupations remain segregated by gender, and women make up a majority of part-time workers.
• Women are at greater risk of financial insecurity, with single mothers at the greatest risk. 25% of all children in Eastern Connecticut live with a single mother, and 90% of single-parent households are headed by a mother.
• Women in Eastern Connecticut are healthy, with a life expectancy of about 82 years—slightly above the national average, but below the state average.

The report also found that:

• The opioid epidemic continues to ravage our communities, with deaths of women in 2016 more than double those of 2012.
• Young women are at heightened risk for many mental health conditions. 35% of female students reported feeling hopeless or depressed vs. 19% of male students, and women are three times more likely to attempt suicide than men.
• Violence against women continues to be a major public health problem. Almost 5,000 women in Windham and New London counties received services from domestic violence shelters.

The report defines Eastern Connecticut as the Community Foundation of Eastern Connecticut service area:  42 towns that include 453,000 people, 227,000 women.  The population of the region is 80% white, 9% Latina, 4% Black and 4% Asian.  Approximately 33,700 residents, or 7 percent, are foreign born.  Looking ahead, the report noted that the population of women ages 65 and up is projected to grow significantly over the next decade; estimated to increase 44 percent by 2025.

Continuing racial disparities are highlighted by the finding that among 90 percent of girls in the region’s class of 2016 graduated high school within four years, yet nearly 20 percent of women in New London and Windham/Willimantic lack a high school diploma.

The report noted that “a persistent gap” exists for women with degrees in STEM fields. Overall, 51 percent of men vs. 30 percent of women majored in science and engineering fields. Encouragingly, of 25-39 year-old women with degrees, 37 percent majored in the sciences. This is higher than previous generations.

Although women comprise 76 percent of educators, only 11 out of 41 superintendents in the region are women.  The report also found that 25 percent of businesses are women-owned.

“Women’s equality,” Elahi said, “is not just a women’s issue. It affects the wellbeing and prosperity of every family and community.”

The Community Foundation has organized public forums to discuss the report findings.  The first was held last week in Hampton, the next is February 15 in New London.

New Haven-based DataHaven’s mission is to improve quality of life by collecting, sharing, and interpreting public data for effective decision-making. The Community Foundation of Eastern Connecticut serves 42 towns and is comprised of over 490 charitable funds, putting “philanthropy into action to address the needs, rights and interests of the region.”

Hurricanes v. Whalers: Words and Numbers Tell Different Stories

In the midst of the war of words between unrelenting fans of the former Hartford Whalers (joined by Governor Malloy) and the Raleigh News & Observer, which has aimed a cease and desist order at Hartford, it may be worthwhile to delve into the data. It prove to be a distinction without a difference, however. Gov. Malloy’s February 8 letter to Thomas Dundon, a Dallas businessman and new owner of the Carolina Hurricanes, urged that the team return to the Nutmeg State for a regular season game at Rentschler Field or the XL Center so the team could be “embraced by a grateful fan base.”  Doing so, Malloy pointed out, “would make clear that Hartford is a far more viable long-term home for the team than Raleigh.”

When asked days ago by The Sporting News about the 'Canes future in Raleigh, Dundon said: “As long as I’m involved, this is where we’re going to be. One of the best things about this is the people. They’re just nice people here. They care. There’s no reason to be anywhere else.”

In an editorial, the Raleigh newspaper added that if a game were to be played in Hartford, it would be preseason, not regular season, and only because it would be “a chance to hoover some money out of the pockets of long-suffering Whalers fans desperate to see NHL hockey again…  But that’s not going to happen.”

Last season, the Hurricanes had the league’s lowest attendance, averaging 11,776 per home game.  It was their second consecutive season at the bottom of the league in attendance.  In the 2015-16 season, average attendance was 12,203. Midway through this season, after 27 home games, the Hurricanes are averaging 13,039, 29th out of 31 teams in the league.

In the Whalers’ final season in Hartford, 1996-97, attendance at the Hartford Civic Center had grown to 87 percent of capacity, with an average attendance of 13,680 per game.  Published reports suggest that the average attendance was, in reality, higher than 14,000 per game by 1996-97, but Whalers ownership did not count the skyboxes and coliseum club seating because the revenue streams went to the state, rather than the team.

Attendance increased for four consecutive years before management moved the team from Hartford. (To 10,407 in 1993-94, 11,835 in 1994-95, 11,983 in 1995-96 and 13,680 in 1996-97.)  During the team’s tenure in Hartford, average attendance exceeded 14,000 twice – in 1987-88 and 1986-87, when the team ranked 13th in the league in attendance in both seasons.

During the 15 years prior to the past two seasons at the bottom, Carolina has been among the league’s bottom-third in  average attendance eight times, and the bottom-half every season but one.

The Sporting News has reported that Dundon purchased a 61 percent stake in the franchise last month, with Peter Karmanos, who relocated the Whalers to North Carolina in 1997, retaining a 39 percent minority stake. Dundon reportedly has an option to purchase the remainder in three years. He is a New York native, and lived in New Jersey and Houston before Dallas.

The arena's lease in Raleigh expires in 2024.  The team's current playoff drought is the longest of any team in the NHL - nearly a decade.

In the interview, Dundon pointed out “We have a really passionate, loyal season ticket base. The number is just smaller than you’d like it to be, but you have one. Every year that’ll grow. So the only challenge is just the amount of people that you have to touch. It’s inevitable that we’re going to touch them all and we’re going to get them.”

SeeClickFix is Only CT Business to Reach GovTech 100

New Haven-based SeeClickFix is the only Connecticut business to make the 2018 GovTech 100, an annual compendium of 100 companies focused on, making a difference in, and selling to state and local government agencies across the United States. SeeClickFix was launched ten years ago this month, according to co-founder Ben Berkowitz: “It began as a ‘nights and weekends’ project between friends with a goal of fixing some small problems locally and a big problem globally. SeeClickFix has become something much bigger than I could have ever imagined.”

Described as “a service to make communities stronger,” the key benchmarks the company points to include: a full time job for 33 employees, a platform that has helped facilitate the resolution of 4 million issues, a space for aspirations in tens of thousands of communities, and the official digital channel for service request resolution for hundreds of governments and tens of millions of their residents.

The annual list, compiled and published by Government Technology,  highlights leaders in the government technology sector – a marketplace that the publication says has ”brought bigger deals, more investment, new companies and many fresh new innovations that moved the needle in the public sector.”

Overall, 32 of the 100 companies are based in California, seven are based in New York, and six are headquartered in Massachusetts.  Rhode Island placed one company, Providence-based software company Utilidata.  There were no other companies based in New England.

“State and local governments have become more willing to try implementing new systems using agile methodologies that fit better with the modern tech world,” the publication pointed out. “They are striking up pilot projects and demonstration agreements that let them try out new ideas before taking the kind of big-dollar risks that government is not amenable to taking.”

“It is no secret that SeeClickFix was built from a place of distrust in the existing bureaucratic process that existed in 2007 for handling citizen concerns,” Berkowitz noted. “The three hundred governments and the thousands of officials that leverage SeeClickFix daily to engage in transparent and responsive communication has more than reversed our distrust.”

SeeClickFix is proving effective in small towns as well as big cities.  The town of Wilton in Southern Connecticut went live with SeeClickFix this past fall and used it at a Winter Carnival and Ice Festival in town this week.

The SeeClickFix blog highlighted the town, explaining that “They are a model town — they have done everything right! They have sustainable marketing, well-crafted goals and benchmarks, a responsive set of municipal departments, a champion in town leadership, and the flexibility necessary to add in request categories when citizens underscore a need.”

SeeClickFix co-founders include Miles Lasater, Kam Lasater, Jeff Blasius.  The company holds an annual User Summit every fall in New Haven, drawing local government customers from throughout the country to share best practices.

https://youtu.be/NYKo5koU_jI

Insurance Department Recovers Almost $7 Million in 2017, Nearly Even with Previous Year; Industry Fines Increase

The Connecticut Insurance Department recovered nearly $7 million for policyholders and taxpayers in 2017, helping individuals, families and employers with their claims and complaints.  That’s slightly less than the $7.5 million recovered in 2016, but higher than the $6 million that was recovered for policy holders in 2015.  About $2 million in fines were issued against carriers, an increase from $1.6 million and $1.7 million during each of the previous two years. “Consumers have every right to expect that the promises made to them by their insurance companies will be kept and the Department is here to help them every step of the way. Protecting consumers is our mission and the Department makes certain that carriers adhere to all insurance laws and regulations are followed,” Insurance Commissioner Katharine L. Wade said. “We assist thousands of consumers every year who have brought their questions and concerns to us.”

The Department’s Consumer Affairs Unit (CAU) fielded 5,800 complaints and inquiries in 2017 and helped policyholders recoup nearly $4.8 million from January 1 to December 31, 2017. Also in 2017, the Department’s Market Conduct Division levied approximately $2 million in fines against carriers and returned that money to the state’s General Fund. The fines resulted from a variety of violations and settlements ranging from untimely claim payments to improper licensing.

The majority of the funds recovered for policyholders stemmed from complaints over health, accident, homeowners and life and annuities policies. The following is the breakdown of funds recovered in 2017:

• Accident, Health - $2.9 million
• Auto - $584,200
• General Liability - $101,000
• Homeowners and Commercial Property - $344,600
• Life, Annuities - $739,000
• Miscellaneous - $89,000

A year ago, in 2016, the Department’s recoveries were somewhat higher than in 2017 - recovering $7.5 million for policyholders and taxpayers.  The Department’s Consumer Affairs Unit (CAU) fielded more than 5,800 complaints and inquiries during the year.

In 2015, there were more consumer inquires and complaints, which resulted, however, in a lower total of money recovered with the department’s assistance.  The department recovered approximately $6 million for policyholders and taxpayers in 2015, when the majority of the funds recovered for policyholders stemmed from complaints over health, accident, homeowners and life and annuities policies. That year, the Department’s Consumer Affairs Unit (CAU) fielded more than 6,100 complaints and inquiries.

Officials explained that the Department calculates its consumer recoveries based on what the policyholder received as a result of the Department’s intervention. The inquiries and complaints also help the Department identify industry trends that may adversely affect consumers and trigger investigation by the Market Conduct division, they added.

The Insurance Department also highlighted three matters that were dealt with during 2017 which resulted in recoveries for policy owners.

• When an individual who had health coverage through his employer complained about being overcharged for a visit to the emergency room, intervention by the Department’s Consumer Affairs Unit resulted in corrective action not only for that individual but for nearly 200 people whose employers used that same health insurance company for their health plans. The Department required the carrier to review similar claims for that plan, resulting in $47,000 in total recoveries for those affected individuals. As a result, the Department’s Market Conduct Division is investigating to determine if this was an isolated incident or is a systemic issue with the carrier.
• The Department intervened when a family was denied a $100,000 death benefit because the life insurance company said the deceased had pre-existing health issues that disqualified the payment. The Department determined the company issued the policy without first looking into the individual’s health history despite having the opportunity to do so and therefore was obligated to make good on the claim. The family received the full death benefit plus interest.
• The Department helped expedite a damage claim for a widow who was trying to get her husband’s gravestone replaced when it was one of several damaged by a car that crashed in a cemetery. The auto insurance company for the driver had the claim for three months but once the Department got involved, the carrier settled it within 10 days and paid nearly $30,000 to repair the cemetery damage.

Complaint data also help determine topics for consumer education and serve as tools to help the Department monitor the industry, officials noted. The Market Conduct enforcement actions are posted on the Department’s website at www.ct.gov/cid.

New Haven Chamber Names New Leader; MetroHartford Alliance Next?

One down, one to go.  While the MetroHartford Alliance’s search for a new leader continues, the Greater New Haven Chamber of Commerce has announced their choice to succeed Anthony Rescigno, who led the organization for nearly two decades. The Chamber’s Board of Directors named Garrett F. Sheehan as President of the Greater New Haven Chamber of Commerce and Quinnipiac Chamber of Commerce.  Sheehan has experience working with local companies, building partnerships throughout communities and the state, and understanding regional growth and competitiveness, serving most recently as a Community Relations & Economic Development Specialist at Eversource. He will begin work in his new position on March 1, 2018.

“I am honored and humbled to have been selected for this role,” said Sheehan. “The Greater New Haven Chamber of Commerce is a pillar of our community and has an excellent track record of providing services for our membership and leadership on key issues affecting the New Haven region. I am excited to begin working with the staff, board, members, and volunteers of this amazing organization to help write the next chapter for the Chamber.”

At Eversource, he provided leadership on strategic initiatives including enhancements to the Company’s economic development program, and was actively engaged in Eversource’s commitment to volunteerism and community giving.  He also served as the primary point of contact between the utility and chief elected officials in 23 municipalities in Connecticut.

Prior to his position with Eversource, Sheehan served as an economic developer at The United Illuminating Company, where he was responsible for regional business growth and expansion and strategic partnerships with state organizations, chief elected officials, and business leaders.

Sheehan grew up in Middlefield, and after attending Syracuse University, moved to Mississippi to take a job as a television news reporter. After five years in journalism, Garrett transitioned to a career in economic development. In addition to his work in economic and community development, Sheehan served as a Law Clerk for the Honorable Bethany J. Alvord of the Connecticut Appellate Court, conducting legal research and drafting legal opinions.

During his career, he also served in the Connecticut Army National Guard as an infantry officer in the New Haven-based First Battalion, 102nd Infantry Regiment.  In 2010, Sheehan completed a tour of duty in Afghanistan, serving as a platoon leader and executive officer.

The MetroHartford Alliance has hired New York economic-development consultancy Camoin Associates to assist with the search for its next CEO. Travelers Cos. Executive Vice President and Chief Administrative Officer Andy Bessette, who chairs the Alliance's board, told the Hartford Business Journal recently that the nonprofit seeks to have a successor in place by early 2018.  Oz Greibel, who led the Alliance for the past 16 years (one less than Rescigno led New Haven’s Chamber) resigned late last year and subsequently launched an independent candidacy for Governor.

Established in 1794, the Greater New Haven Chamber of Commerce is the nation’s third oldest business organization.

Five in Connecticut Reach Forbes List of America’s Best Employers for Diversity

Studies published by Massachusetts Institute of Technology, Harvard Business Review, and numerous others during the past decade have consistently concluded that diverse teams – and diverse companies - have stronger financial performance.   With that backdrop, Forbes worked with research firm Statista to compile a list of the best employers for diversity in America. Two Connecticut-based companies, ESPN and Stanley Black and Decker made the top 100 list; ESPN at number 36, Stanley Black & Decker at number 67.  They were the only Connecticut companies to do so. The LEGO Group, with U.S. headquarters in Enfield, was ranked number 169.  Starwood Hotels and Resorts, headquartered in Stamford, was number 197 in the rankings.  Yale New Haven Health was just outside the top 200, at number 208.  Yale University also made the Forbes ranking, at number 242.

Statista surveyed 30,000 U.S. employees in August 2017 to inform the list, asking questions about diversity, gender, ethnicity, sexual orientation, age and disability, according to Forbes. Responses among underrepresented ethnic minorities, women and people aged 50 and older received greater weight in the ranking.

Bristol-based ESPN, the Worldwide Leader in Sports, launched in 1979 as 30,000 viewers tuned in to watch the premier episode of SportsCenter. ESPN aired its 50,000th episode of SportsCenter in 2012 and the channel is has been the main attraction for sports coverage despite challenges through the years.  A 2013 study by the Institute for Diversity and Ethics in Sports concluded that when it comes to diversity, the Worldwide Leader is leading the way.

Reporting on the study, the publication Think Progress indicated that “ESPN has a strong diversity hiring policy outlined on its web site and it has won numerous awards for hiring a diverse cast writers, editors, and columnists. It regularly features minority and female hosts, analysts, announcers, and journalists on both its scheduled programming and its live broadcasts. ESPN is proof that there are qualified minority and female reporters and editors out there, and it is also proof that the rest of the sports world needs to do a better job finding them.”

Other factors Statista incorporated, according to Forbes, were the gender split of companies’ management teams and boards, and whether a company proactively communicates about diversity. It also looked at the gap in diversity perceptions at a given organization. For example, if women, older employees and underrepresented minorities rated an employer poorly on diversity, but everyone else rated it highly, Statista considered that a negative indicator and adjusted the score downward. Only companies with 1,000 or more workers were eligible to qualify for the list.

Last summer, Stanley Black & Decker held its first-ever Global Diversity & Inclusion conference, joining together established affinity networks from around the company.  Affinity networks – voluntary, employee-driven groups – have been established throughout the company’s business and regions to “provide an environment where employees can engage around a particular shared interest or experience,” the company’s website explains.

“The objective of the groups is to engage, enable, and empower by providing networking opportunities, improve representation across the business and promote career advancement.  We embrace and respect differences – and diversity and inclusion are embedded into our company values and purpose,” the website points out.

The top 10 included:

1. Northern Trust, Chicago
2. The Smithsonian Institution, Washington D.C.
3. Levy, Chicago
4. Intuit, Mountain View, California
5. Harvard University, Cambridge, Massachusetts
6. Principal Financial Group, Des Moines, Iowa
7. Emory University, Atlanta, Georgia
8. Wegmans Food Markets, Austin, Texas
9. Keller Williams Realty, Austin, Texas
10. AbbVie, North Chicago

In addition to the Connecticut-based organizations named in the top 250, New York City-based NBC Universal Media, with a strong presence in Stamford, placed at number 42.  TIAA-CREF, which coordinates the state’s college savings program for the State Treasurer’s Office, was ranked at number 59.  GE, which departed Fairfield for Boston, also made the top 100 at number 85.