CT Aerospace Industry Seeking Strong Presence at International Airshow

Described as “the largest industry event on the aerospace calendar,” the Farnborough International Airshow, to be held in mid-July in Great Britain, boasts more than 1500 exhibitors from more than 50 countries.  Among them will be a contingent from the State of Connecticut, if the state’s aerospace industry suppliers step up and sign on.  At the most recent Farnborough show, in 2016, $14.5 million in sales was reported by Connecticut exhibitors. The State Department of Economic and Community Development (DECD) and the Connecticut Center for Advanced Technology (CCAT)  have invited Connecticut aerospace manufacturers to participate in promoting the state’s world-class aerospace industry at the upcoming show, July 16-22, 2018.  Exhibit space is available on a first-come, first-served basis, with the cost per exhibit set at $11,000.

An anticipated 73,000 industry professionals “from across the globe and a range of aerospace sectors” are expected, including “key global influencers plus the latest thought leadership and industry insight,” according to organizers.  Farnborough’s news network will run a series of talks, panel discussions and seminars, and high-profile keynote speakers “will challenge current perceptions and provide ideas for the future.” Among the featured sessions will be “meet the buyer,” described as a structured approach to putting sellers in front of targeted buyers.

The biennial event is widely recognized for its role in connecting the worldwide aerospace market. It has traditionally been a backdrop for the announcement of multi-billion dollar deals, and for the launch of major innovations.

The state’s exhibit space is to include a prime location in the U.S. Pavilion, with Connecticut companies to receive allocated space to display graphics, literature and parts; pre-arranged B2B meetings at discount price; access to the U.S. Exhibitors Lounge and meeting rooms; company listing in two show directories and logistical support prior to the show and on-site.

Among the participating companies is Connecticut Coining, based in Bethel, a leading manufacturer of deep-drawn metal parts used in aerospace, medical, defense and high voltage tubes.  The 50-year-old company includes among its customers industry leaders manufacturing bellows, joints, bleed, duct (anti-ice, telescopic) assemblies as well as silencers, and crossover & oil cooler systems.

Satisfied Connecticut companies in 2016 include Windsor-based Aero Gear: “I have been trying to get a foot in the door with Rolls Royce for years. This air show allowed me to make the contacts necessary to develop them into a customer. The show was a home-run for Aero Gear,” said Doug Rose, who founded the company in 1982, developing expertise in the design, engineering and manufacturing of gears and gearbox assemblies for the global aerospace industry.

Countries including Mexico, Turkey and the U.S. will be vying for business alongside a significant European presence from Germany, France and Spain as well as the U.K.  Organizers say the 2018 edition will see the largest presence yet from China, with 70 per cent growth in participation since the 2016 show. Japan has increased its presence with a second Pavilion, joining Malaysia, Korea and Indonesia representing Asia.  It all comes just weeks after escalations in tensions among the world’s leading industrialized nations, reflected in the G7 meeting in Canada last week.

Stamford's InventLab Looks to Nurture Technology Innovation

Stamford-based Whitmyer Group, patent and trademark attorneys and litigators with expertise in intellectual property and technology, has launched InventLab™ in its downtown Stamford offices. Described as providing an opportunity for companies developing inventions to “tap into WHIPgroup's tech and IP Law know-how in order to grow and expand their businesses,” the expansion is drawing praise from local entrepreneurial enterprises. It is designed to build upon WHIPgroup’s successful Stamford Tech Entrepreneur Meetup (meetup.com/whipgroup) by offering direct support to qualified local tech startups.

InventLab™ companies are provided with office space and parking, a custom package of complimentary and discounted IP Law services, WiFi Internet, printing, use of conference rooms, kitchen, and space to host Meetups, events. The direct support includes IP legal advice and office space with professional-grade tech amenities at no cost, and is intended to help these companies access other resources in Fairfield County and beyond.

WHIPgroup founder Wes Whitmyer, Jr. explained that “while the firm tends to service the IP needs of large international companies, we saw the exciting growth in Stamford and wanted to share our expertise with local tech firms.  Our recently-expanded offices are ideal for this purpose.  We look forward to getting to know startup and technology businesses in our area, and to helping them with their intellectual property strategies.”

“We are thrilled that WHIPgroup has decided to invest in the growth of Stamford’s Innovation District, and specifically, the local tech community,” said Sam Gordon, program manager for Innovate Stamford. “Following in the footsteps of other top tech communities like Boston and Boulder, this program is a perfect fit for Stamford. We look forward to seeing companies thrive at WHIPgroup’s InventLab™.”

Whitmyer, with patent, trademark and litigation departments, describes the firm as “a law firm built by technology to serve technology companies.” Applications for WHIPgroup’s InventLab™ should be sent to inventlab@whipgroup.com.  Further information about InventLab™ is be available online at whipgroup.com. IP specialties include physicists, mechanical, civil, electrical, biomedical and chemical engineers, computer scientists, and trademark attorneys on staff.

CT's BIO Industry Has Strong Presence at Record-Setting International Convention

Connecticut was one of 18 states to have a strong presence at the BIO International Convention, held this week in Boston. It was a record-setting year, as 18,289 U.S. and international attendees – the most in the last 10 years – participated in what was described as “the epicenter of the biotechnology industry” for four days of programming, 46, 916 partnering meetings (setting a new Guinness World Record for “The Largest Business Partnering Event”) and entertainment. More than a dozen Connecticut companies had a presence in the state’s pavilion at the event:  Jackson Laboratory, Sema4, Genotech Matrix, AlvaHealth, RallyBio, Cantor Colburn, Pfizer, e-Path Learning, Thetis Pharmaceuticals, XViVO, Clarity Quest, Lucerna, Wyant Simboli, Boehringer Ingelheim, Aeromics, LambdaVision, Pattern Genomics.

Also participating were Southern Connecticut State University, Yale University and the University of Connecticut, as well as the City of New Haven, and the town of Branford, along with BIO CT, Connecticut Innovations and the Connecticut Department of Economic and Community Development.  Additional companies from the state were on-hand, although not as part of the state’s coordinated effort.

All told, there were more than 1,000 companies from dozens of nations represented at the 25^th anniversary conference.  The organizations represented at the BIO International Convention include the world’s leading biotech companies, top 25 pharma companies, top 20 CROs and CMOs, and more than 300 academic institutions including the major research labs and government agencies. Organizers indicate that one out of three attendees based outside of the U.S. and nearly 40 percent are C-level executives at their respective companies.

"If you are or want to be any type of a life science hub, you need to be at this convention," Dawn Hocevar, president and CEO of BioCT, recently told New Haven BIZ. "Connecticut participated in the last two conventions, however, this is the largest footprint we've ever had." BioCT is the bioscience industry voice for the state of Connecticut.  BioCT is dedicated to growing the vibrant bioscience ecosystem in Connecticut by supporting innovation, collaboration, networking, education, talent engagement and advocacy. 

This year’s educational programming was more robust and diverse than ever before, according to organizers, with more than 180 educational sessions, including brand new tracks on genome editing, opioids and corporate best practices.

Among the presenters, panelists, and featured speakers was Scott Gottlieb, Commissioner of Food and Drugs at the U.S. Food and drug Association, a graduate of Wesleyan University in Middletown.

https://youtu.be/rT-HCSKcsqU

Communities, Innovators Recognized for Excellence in Main Street Awards

A hybrid business incubator that provides unique opportunities for collaboration between schools and business to increase college and career readiness while expanding downtown Wallingford business, and a Connecticut Trust for Historic Preservation website that is a point of entry for those seeking to spur redevelopment of Connecticut’s historic mill buildings are just two of this year’s Awards of Excellence winners recognized by the Connecticut Main Street Center (CMSC) at annual ceremonies held this year in Danbury. In total, seven initiatives receive the prestigious awards, including organizations and initiatives from Danbury, Hartford, New London, Wallingford, and Windsor, as well as the CT Trust for Historic Preservation and the State of Connecticut.

Winning entries also included collective efforts in bringing more people to Hartford through creative placemaking; a block-by-block initiative to create a positive perception of downtown New London by working with store owners to install LED lights inside storefront windows; a young professionals’ initiative to highlight the diverse culture in downtown Danbury through weekly food truck events; a multi-year deliberate and incremental effort to redevelop Windsor Center with residential and office use around transit; and the State of Connecticut’s coordinated approach to improve the economy and quality of life through investments in development around transit.

Individual awards were also presented to Andrea Pereira, Executive Director of Local Initiatives Support Corporation (LISC), and R. David Genovese, CEO of Baywater Properties in Darien.

CMSC’s mission is “to be the catalyst that ignites Connecticut’s Main Streets as the cornerstone of thriving 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.”

The Jack Shannahan Award for Public Service for 2018 goes to Andrea Pereira, a former Board Chair of Connecticut Main Street Center, who has been a partner in CMSC’s Come Home to Downtown program, providing financing through the Come Home to Downtown Loan Fund. Pereira, Executive Director of Local Initiatives Support Corporation (LISC), earned the recognition for her leadership in “guiding strategic investments aimed at creating tangible, sustainable improvements in our communities.”

She has led LISC for over 20 years, having previously served as the Director of Urban Revitalization & Investment at the State of CT Department of Economic & Community Development. She is an accomplished community development professional with expertise in community development finance, organizational development, nonprofit management, grant-making, public policy, and program development. LISC Connecticut provides financial and technical resources to over 60 local housing and community development organizations each year. LISC also offers predevelopment, acquisition, bridge and/or construction financing for affordable housing and other community development projects.

The 2018 CT Main Street Founder’s Award, presented by Eversource, is presented to R. David Genovese of Baywater Properties in Darien, founded in 2001. Genovese and his team have “committed themselves to transformational projects in Darien, remaining thoughtful, creative, flexible, innovative, and respectful of the community.”  For more than a decade, he has led numerous key developments in downtown Darien that “breathed new life into the area, revitalizing buildings and reinvigorating its residents.”

Genovese has led a multi-disciplinary team of architects, civil engineers, landscape architects, retail consultants and legal advisors in creating Your Downtown Darien. Otherwise known as the Corbin Development, Baywater assembled this portfolio of properties over the course of nearly 15 years, to be redeveloped to create a mixed-use center incorporating retail, offices, and luxury residences.

“This year’s winners represent a culture of inclusivity in ensuring that Main Street belongs to everyone,” said CMSC Associate Director Kimberley Parsons-Whitaker. “From enlivening our public spaces with ethnic cuisine and multi-cultural entertainment, to redeveloping formerly abandoned mills and blighted areas around bus and train stations with residential and commercial options for people of all background and incomes, our 2018 award recipients are leading their communities and our state in improving the quality of life and our economy.”  The 2018 Awards of Excellence went to:

▪  Great Placemaking in Hartford; including Know Good Market, Riverfront Recapture, One World Market at CTfastrak Station in Parkville, Hartford BID Bicycle Roadside Assistance Program, Pratt Street Patio, and Winterfest)  – Recipients: Breakfast Lunch & Dinner, Riverfront Recapture, International Hartford, Hartford BID, and iQuilt Partnership.

▪  Light Up New London – Recipient: New London Main Street. Partners: Dominion Foundation, National Main Street Center.

▪  Downtown Chow-Down, Danbury – Recipients: CityCenter Danbury, City of Danbury. Partners: Get Downtown Danbury, Greater Danbury Chapter of CT Young Professionals.

▪  HUBCAP Wallingford – Recipients: Wallingford Center, Inc., Town of Wallingford Board of Education, Wallingford Economic Development Commission.

▪ Mills: Making Places of Connecticut – Recipient: CT Trust for Historic Preservation. Partner: Connecticut State Historic Preservation Office.

▪ Coordinated Approach to Responsible Growth and Transit Oriented Development – Recipient: State of Connecticut.

▪ Setting the Stage for TOD in Windsor Center – Recipient: Town of Windsor. Partners: CIL Development, Lexington Partners, LLC.

The Town of Windsor was recognized for the redevelopment of the portion of Windsor Center lying just east of the railroad tracks in town, which previously contained a mix of obsolete industrial and municipal uses which no longer contributed to the vitality of the Center.  The turn-around, with an eye towards transit-oriented development, included development of Windsor Station, a 130-unit market-rate rental project on a 6.5 acre site adjoining the passenger rail station.

The $23 million development project included demolition of two former industrial buildings, environmental remediation and construction of two, four-story elevator buildings with parking and site amenities. The project includes 32 studio, 65 one-bedroom and 33 two-bedroom units and is targeted to an underserved rental market of young professionals 20 to 35 years of age and baby boomers.  Construction was completed a year ago, and 90 percent occupancy was achieved within five months.

State Data Plan, Technology Board, Review of Agency Data Required by Approved Legislation

Connecticut’s commitment to advancing the use of, and public access to, electronic data was nudged forward during the just-concluded legislative session. The legislature approval a plan to put into law – and expand – an Executive Order by Governor Malloy issued four years ago that had increasingly made open data a state government priority. The legislation establishes data requirements for executive branch agencies, including authorizing the state’s Chief Data Officer (CDO) to direct agencies on data-related topics, requiring a biennial state data plan, and establishing a Connecticut Data Analysis Technology Advisory Board.  It was approved without opposition by the House and Senate in the final week of the 2018 General Assembly session.

The plan authorizes the Office of Policy and Management (OPM) to designate an existing employee to serve as the CDO to direct executive branch agencies on data use, management, sharing, coordination, and formulation of the state data plan and transparency plans. It also requires executive agencies to annually inventory their data assets and submit the inventory to OPM, and requires OPM to continue operating and maintaining the Open Data Portal.

In regard to executive branch agencies, the legislation defines “high value data” as any data that the department head determines can increase an agency's accountability and responsiveness, improve public knowledge of an agency and its operations, further its core mission, or create economic opportunity; is critical to the agency's operation, frequently requested by the public, or used to satisfy any legislative or other reporting requirements; or responds to a need and demand identified through public consultation.

So-called “protected data” means any data, the public disclosure of which would violate federal or state laws or regulations; endanger the public health, safety, or welfare; hinder the operation of the federal, state, or municipal government, including criminal and civil investigations; or impose an undue financial, operational, or administrative burden on the executive branch agency. It includes any records that are exempt from disclosure under the Freedom of Information Act.

Executive branch agencies will be required to designate one employee in each agency as the agency data officer, to serve as the agency point of contact for inquiries, requests, or concerns regarding access to data. The agencies must develop an open data access plan, in a form prescribed by OPM, and detail the agency's plan to publish, as open data, any public data that the agency has identified and any protected data that can be made public through aggregation, redaction of individually identifiable information, or other means sufficient to satisfy applicable state or federal law or regulation.

Non-executive branch agencies, quasi-public agencies, and municipalities would be permitted to voluntarily opt to comply with the open data provisions and requires OPM to publish on its website an updated list of all agencies that are complying with the policy, whether voluntarily or because they are mandated to do so. The state data plan can include recommendations concerning data management for the legislative or judicial branch agencies, but the recommendations are not binding on these agencies, according to analysis by the Office of Legislative Research.

The legislation (HB 5517) creates a 16-member Connecticut Data Analysis Technology Board to, among other things, advise the three branches of state government and municipalities on data policy.  The board members, to be appointed by legislative leaders by July 1, must have professional experience or academic qualifications in data analysis, management, policy, or related fields.  Ex-officio members are to include representatives of the Commissioner of Administrative Services, executive director of the Freedom of Information Commission, Attorney General, Chief Court Administrator, State Librarian, State Treasurer, Secretary of the State, State Comptroller and the state’s Chief Data Officer.  The Board’s first meeting would be this summer, and they will be required to meet at least twice annually.

By November 1, 2018 and every two years after, the new legislation requires the CDO to submit a preliminary draft of the plan to the Connecticut Data Analysis Technology Advisory Board which must then hold a public hearing.  A state data plan, to be completed by December 31, 2018 and biennially thereafter, requires inclusion of the information technology-related actions and initiatives of all executive branch agencies, including the acquisition of hardware and software and the development of software.  It is to include specific, achievable goals within the two years following adoption of the plan, as well as longer term goals and a timeline for a review of any state or federal legal concerns or other obstacles to the internal sharing of data among agencies, including security and privacy concerns.

The legislation also expands the scope of LEANCT, a statewide process improvement initiative as well as state agencies' ability to suspend paper filing or document service requirements when an electronic filing system is established.

Executive Order 39, the basis for many of the legislation’s provisions, established open data requirements for executive branch agencies and established the Connecticut Open Data Portal and the position of Chief Data Officer.  It was signed by Gov. Malloy in February 2014.

Senior Deaths from Falls Climbs Nationally, in Connecticut, During Past Decade

Fatal falls among senior citizens are on the rise in Connecticut and across the United States, according to a new government report. The overall rate of older adult deaths from falls increased 31 percent from 2007 to 2016, according to the Centers for Disease Control and Prevention (CDC). In 2016, a total of 29,668 Americans ages 65 and older died as a result of a fall - that is 61.6 out of every 100,000 senior citizens that year. A decade earlier, in 2007, there were 47 fall-related deaths for every 100,000 senior citizens.  Connecticut’s rate was the 17^th lowest in the nation among the 50 states and District of Columbia.  The only New England state with a lower rate was Massachusetts. 

In Connecticut, the number of deaths of persons age 65 or older attributable to falls increased from 243 in 2007 to 357 in 2016. The death rates from falls ranged from 24.4 per 100,000 in Alabama to 142.7 per 100,000 in Wisconsin.  Connecticut’s rate was 56.9 per 100,000 in 2016, an increase from 44.9 per 100,000 in 2007.

Falls are the leading cause of injury-related deaths among people who are at least 65 years old, according to the report. Deaths from unintentional injuries are the seventh-leading cause of death among older adults, and falls account for the largest percentage of those deaths, the CDC said. The CDC has previously noted that less than half tell their doctor that they have fallen, and that falling once doubles your chances of falling again.

The rate of deaths from falls increased in the United States by an average of 3.0% per year during 2007–2016, and the rate increased in 30 states and the District of Columbia (DC) during that period.

The largest AAPC in mortality rates from falls (11.0% per year) occurred in Maine, followed by Oklahoma (10.9%) and West Virginia (7.8%). A significant increase in the rate from 2007 to 2016 occurred in 30 states, including Connecticut. There was no significant change in fall mortality rates in 11 states.

Once every 19 minutes, a senior citizen in America dies as a result of injuries sustained during a fall.  The older Americans became, the greater their risk of dying from a fall. In 2016, there were 15.6 fatal falls for every 100,000 Americans between the ages of 65 and 74. Among adults ages 75 to 84, there were 61.4 such deaths per 100,000 people. And for those ages 85 and up, there were 247.9 fatal falls per 100,000 people.

The data was included in the CDC’s Morbidity and Mortality Weekly Report, published last week. To reduce older adult falls, CDC created the Stopping Elderly Accidents, Deaths, and Injuries (STEADI) initiative to help clinicians make fall prevention part of their clinical practice. The CDC notes that more than 10,000 people in the U.S. turn 65 every day.

“As a result, the country will experience a growth in falls and fall injuries, resulting in a cost increase if preventive actions are not taken now,” the agency has pointed out.

Increasing Engagement by Providers and Consumers, Greater Focus on Holistic Health at Heart of Changing Industry, CVS-Aetna Merger Plan

“This is a transformational merger and it gives us the opportunity to reshape the health care industry, Aetna President Karen Lynch said this past week, looking at the potential impact of a CVS-Aetna merger.  “We expect to transform what a CVS store looks like.” “For too long we’ve been practicing sick care and not health care and the potential of a CVS-Aetna merger is really to organize around the consumer and the consumer experience.  It will allow us to be in the local communities, to create another gateway to access healthcare and it will also give Americans a go-to destination for their health care services and their health care needs,” Lynch said.

Appearing this month on Conversations on Health Care, a radio program produced by Middletown-based Community Health Center, Lynch noted that CVS has over 10,000 stores across the United States and that 70 percent of Americans live within five miles of a CVS.

CVS Health chief executive officer Larry Merlo recently said the company’s $69 billion acquisition of health insurance giant Aetna is “making good progress” with state regulators and on track to close later this year, according to published reports.

Merlo said the company is seeking approval from 28 departments of insurance and many are holding hearings, with the key market of Florida already giving it approval. CVS also continues to provide information to the U.S. Department of Justice, which is reviewing the pharmacy chain's agreement to buy the Hartford-based health insurer.

Lynch described a post-merger CVS as “an interactive hub where individuals can come in and learn more about their health care, where they can access healthcare services and they can have further assistance in navigating the overall healthcare system.”  Right now, she said, “Your zip code is more important than your genetic code. What that means is your individual behaviors and your environment clearly have meaningful impact on health care costs.”

“Our overall goal is to achieve affordable, quality care for the individuals that we serve,” Lynch said. Lynch was named by Fortune as one of the 50 Most Powerful Women in 2017 and 2016, and is one of the most senior women in the health insurance industry.  She joined Aetna in 2012.

CVS has a network of nearly 10,000 retail pharmacies in 49 states, the District of Columbia, Puerto Rico and Brazil and more than 1,100 Minute Clinic locations in 33 states. Aetna – the nation’s third largest insurer - has more than 20 million enrollees in its various health plans.  The latest CVS in Connecticut opened this weekend in West Hartford, supplanting a local pharmacy.

In looking ahead to evolving changes in the health insurance industry, Lynch highlighted three areas: provider engagement, consumer engagement and an increasing focus on holistic health.

She explained that “Aetna and providers have one common purpose – to improve the quality and affordability of health care and with value-based care we can demonstrate that partnership to do just that”.  She also stressed the importance of “consumer engagement, and being in local communities and really focusing on individual behaviors and the social determinants of care. I believe that can be a very powerful step in reshaping how we think about healthcare.”  Another key factor, looking ahead, will be holistic health, “treating the whole person, physical, emotional and behavioral aspects of one’s health,” which she said “could make a meaningful difference on the impact of healthcare.”

Noting that the U.S. spends more on healthcare than any country in the world, which continues to grow at what Lynch described as “an unsustainable rate,” Lynch said “we need to understand people’s health ambitions and we need to support them in their individual behaviors, we need to provide better access, and we need to give them more affordable and more transparent health care in America to really drive down overall health care costs.”

She indicated that 30 percent of Americans now suffer from diabetes, compared with less than one percent in the 1950’s. Citing another major – and costly – health concern, she said that 40 percent of adults and 20 percent of children are considered obese today.  And she said that over 900 billion dollars – one in three dollars – “is waste in our healthcare system.”

Aetna Chairman and CEO Mark Bertolini has routinely stressed that "if we keep people healthier, there's lower costs in the system." He has described the health care system as “backwards” – responding to when people are ill rather than seeking to prevent the illness.

Lynch said that technology also drives the changing healthcare landscape, predicting that greater attention would be paid to “leveraging telehealth and telemedicine and having people have access in ways that are unique and different.”  Aetna, for example, is increasingly able to access data in real time utilizing newly designed apps and cloud technology, often placing nurses armed with ipads in individual’s homes.

“Having data at our fingertips will allow us to remotely monitor and get information about people where they are so that we can immediately get information back out to them,” Lynch said.  “Having real-time access can really change individual behaviors and how people think about their health.”

Conversations on Health Care focuses on opportunities for reform and innovation in the health care system. Co-hosts Mark Masselli and Margaret Flinter each bring four decades of experience in overcoming the barriers that block access to care in their work at community health centers.  It is heard on radio stations from Connecticut to Washington state, and online at www.chcradio.com.  Flinter is Senior Vice President and Clinical Director, and Masselli is the President/CEO of Community Health Center, Inc., Connecticut’s largest and most comprehensive provider of primary health care services for the uninsured and underserved.

Reversal of Fortunes: A Decade Up, A Decade Down for Connecticut’s Economy

Connecticut’s economy is now smaller that it was 2004. The state’s lackluster performance stands in sharp contrast with all of the other New England states, whose economies have seen real growth, as have those of New York, New Jersey, Pennsylvania. The state’s economy contracted in 2017, as it did in 2014 and 2016, and its overall performance for the year ranked 49th, topping only Louisiana. An analysis by the University of Connecticut’s Connecticut Center for Economic Analysis (CCEA) points out that since 2008, Connecticut’s economy, measured in real GDP (corrected for inflation) has contracted every year, except for 2015. That year’s positive blip of 1.1 percent growth was quickly overtaken by contraction in the two subsequent years.

The suddenness of this persistent downturn for Connecticut has been dramatic.  Between 1997 and 2007, the state’s economy grew by 3 percent annually, outpacing Massachusetts (2.9%), Rhode Island (2.5%), and New York (2.3%), based on the compound rate of annual real GDP growth.  In the decade since, through 2016, the Connecticut economy contracted by 0.9 percent annually while Massachusetts and New York grew by 1.6 percent and Rhode Island by .6 percent, according to data from the U.S. Bureau of Economic Analysis.

The Bureau reports the state's GDP shrank 0.2 percent last year—one of just three states with negative growth— after contracting by 0.3% the previous year.  At the same time, the national economy expanded 2.1 percent, CBIA recently pointed out.  CBIA economist Pete Gioia said “We are missing the economic growth party that the region and most of the country are experiencing."  He noted that through March this year, Connecticut has recovered just 80 percent of all jobs lost in the 2008-2010 recession, the slowest recovery in New England. The U.S. has recovered 219 percent of jobs lost.

At the same time the state economy has contracted, Connecticut has seen 78 continuous months of job creation, measured year over year, since 2010, the CCEA analysis acknowledges. While private sector jobs are now above their previous peak, public sector jobs- including those at Foxwoods and Mohegan Sun - have been contracting, and will likely continue to contract for a couple more years, points out Center Director Fred Carstensen.  He adds that jobs created in the private sector have been broadly of lower quality than that of jobs lost. Thus real personal income, like real output, has been contracting even as employment has grown.  So the common focus on job creation has been deceptive: rising job numbers has not meant economic growth.

Adding to the complexity of the situation in Connecticut, Carstensen explains, is the increasing number of residents who work out of state. Since 2016, more than 35,000 additional Connecticut residents have found job outside of the state —so the number of Connecticut residents employed is near an all-time peak. Unfortunately, those 35,000 all pay their income tax first to the state where they work, thus contributing to the fiscal crisis in Connecticut, Carstensen noted.

In 2017, Massachusetts led the way in New England with 2.6 percent growth, followed by 1.9% in New Hampshire, with Rhode Island (1.6%), Maine (1.4%), and Vermont (1.1%) all showing growth, unlike Connecticut. In November, 2017, the Connecticut Department of Labor reported that total payroll employment in the state had fallen below the level of February, 1989, according to CCEA.

“The dramatic reversal in fortunes for Connecticut, shifting from a decade and more of strong growth to a persistently contracting economy, is nearly unprecedented among state economies.  The next Governor and Legislature need to make a determined effort—absent to date—to understand what drove this climatic reversal of fortunes in Connecticut’s economy health.  Such an understanding is central to adopting policies and initiatives to reverse the state’s decline,” Carstensen argued.

The Connecticut Center for Economic Analysis (CCEA), under the direction of Carstensen, is a University Center located within the School of Business at UConn.  CCEA specializes in economic impact and policy analysis studies, as well as advising clients regarding business strategy, market analysis, and related topics.  CBIA’s research department, led by Goia, provides in-depth economic and policy analysis and survey research assistance to CBIA’s legal, insurance, and human resources divisions and member companies.

Connecticut-Grown Businesses Lead Stand-out Cohort of Entrepreneurial Start-Ups

reSET, the Hartford-based Social Enterprise Trust, whose mission is advancing the social enterprise sector and supporting entrepreneurs of all stripes, has announced the winners of its 2018 Venture Showcase, and three Connecticut-grown businesses took the top awards. The annual event recognizes the talented entrepreneurs and innovative businesses that have just graduated from reSET’s nationally recognized accelerator. This year, 18 early stage enterprises graduated from the most recent cohort, and eight finalists competed for $20,000 in unrestricted funding.  reSET’s goal is to meet entrepreneurs wherever they are in their trajectory and to help them take their businesses to the next level.

The entrepreneurs pitched their business models to an audience of founders, investors, and community and corporate stakeholders. The panel of judges included Claire Leonardi, former CEO of Connecticut Innovations; Alan Mattamana, Partner at Fairview Capital Partners; and Lalitha Shivaswamy, President of Helios Management Corporation.

Winning the top $10,000 award was Loki, which was created in a “group independent study” through UConn’s Digital Media and Design program by Andrew Ginzberg and co-founders Jeffrey Santi, Brian Kelleher, and Case Polen.  Described as “a new kind of media company” - a video sharing platform exclusively for smartphones - Loki is “a place where you can watch events through collections of many perspectives, live-streamed through the eyes of people actually there.”  The company’s website is welcoming people who would like to learn more to leave an email address.

Taking the second-place $6,000 award was Florapothecarie, a line of 100% natural + vegan skincare products, “lovingly handmade in Connecticut” by Sami Jo Jensen.  The line of products is certified vegan and cruelty-free by Leaping Bunny and PETA.

The third-place entrepreneurial business was Bare Life, launching a line of crave-worthy food products with the world’s first Organic, Vegan, Paleo, Non-GMO, Dairy Free, Gluten Free and Refined Sugar Free Hot Chocolate Powder.  Founded by local resident Ali Lazowski, who was put on a very restricted diet due to numerous medical conditions and learned first-hand how scarce allergen and irritant-free foods are. So, she set out to create them. Bare Life's mission is to make these allergen and irritant friendly foods and recipes convenient for everyone, especially the chronically ill.

The event was held last week at the YG Club at Dunkin’ Donuts Park to a sellout crowd of 225. Before selecting the 18 ventures that would participate in the Accelerator class, officials had reSET had to sift through an applicant pool that was the most competitive yet, with 110+ submissions from all over the world.  Since 2013, reSET has graduated 105 companies from its accelerator program and has awarded more than a quarter of a million dollars to scaling ventures.

The Superlative Award for “Most Improved Pitch” was won by FieldOwler, a new business that provides auditing and risk management software and solutions to help businesses, organizations, and agencies.  Other finalists were CNG Fit, LLC / Fit Party Me, Lioness Magazine, Noteworthy Chocolates, RecordME, and SKYWIREme .

The Accelerator program and Venture Showcase was made possible by reSET’s partners and sponsors, including  CTNext, The Hartford Foundation for Public Giving, Travelers, The Walker Group, Bank of America, The Hartford, GoodWorks Insurance, and People’s United Community Foundation.  SnapSeat Photo Booths also provided in-kind services.

reSET, the Social Enterprise Trust is a non-profit organization whose mission is to advance the social enterprise sector. reSET serves all entrepreneurs, but specializes in social enterprise ― impact driven business with a double and sometimes triple bottom line. In addition to providing co-working space and accelerator and mentoring programs, reSET aims to inspire innovation and community collaboration, and to support entrepreneurs in creating market-based solutions to community challenges.

Four Stores in CT Warned by FDA for Selling e-Cigarettes to Minors as Popularity, Concern Grows

The U.S. Food and Drug Administration has sent out warning letters to 40 retailers in 17 states  – including four in Connecticut - as part of a “concerted effort to ensure youth are not able to access” e-cigarettes – specifically responding to what officials describe as the “surging youth uptake” of JUUL products. According to the federal agency, those receiving the warnings in recent weeks included four Connecticut retailers: Discount Tobacco and Vape in Vernon, Mobil Mart in Waterbury, Shell/Henny Penny in Lisbon, and Smoker’s Outlet in West Hartford. The retailers were warned about selling the increasingly popular – but hazardous – products to minors.

The FDA explained that warning letters are sent to retailers the first time a tobacco compliance check inspection reveals a violation of the federal tobacco laws and regulations that FDA enforces.  During undercover buy inspections by agency representatives, “the retailer is unaware an inspection is taking place” and the minor and inspector “will not identify themselves.”

Published reports nationwide indicate that vaping is increasing rapidly in popularity with young people, especially with the most popular brand, JUUL. Its devices are tiny, and look like a pen or flash drive. When someone vapes, there is no fire, ash or smoky odor — instead, the devices heat up and vaporize a liquid or solid.  School bathrooms, where cigarette smoking was done in “secret” a generation ago, are now often referred to as “juul rooms” according to numerous reports – the nicotine fix of choice of the current generation.  A recent New York Times article prominently featured a description of the magnitude of the problem in a suburban Connecticut high school.

“The FDA has been conducting a large-scale, undercover nationwide blitz to crack down on the sale of e-cigarettes – specifically JUUL products – to minors at both brick-and-mortar and online retailers,” said FDA Commissioner Scott Gottlieb, M.D.

Gottlieb highlighted the danger – and the attraction – of the products to youth.

“We understand, by all accounts, many of them may be using products that closely resemble a USB flash drive, have high levels of nicotine and emissions that are hard to see. These characteristics may facilitate youth use, by making the products more attractive to children and teens.  These products are also more difficult for parents and teachers to recognize or detect. Several of these products fall under the JUUL brand, but other brands, such as myblu and KandyPens, that have similar characteristics are emerging.”

Businesses receiving the warning letters are directed to provide, within 15 days, “an explanation of the steps you will take to correct the violation(s) and prevent future violations (for example, retrain your employees, remove the problematic items, etc.),” the agency website points out.  In addition to federal restrictions, purchase/possession of an electronic nicotine delivery system or vapor product by persons under age 18 is prohibited in Connecticut.

The FDA also sent an official request for information directly to JUUL Labs, requiring the company to submit important documents to better understand the reportedly high rates of youth use and the particular youth appeal of these products.

Said Gottlieb: “We don’t yet fully understand why these products are so popular among youth. But it’s imperative that we figure it out, and fast. These documents may help us get there.”  The agency plans what it calls a “full-scale e-cigarette prevention effort” in the fall.

In addition, the FDA also recently contacted eBay to raise concerns over several listings for JUUL products on its website. eBay took what the agency described as “swift action to remove the listings and voluntarily implement new measures to prevent new listings” from being posted to the website.