With Hockey History, North Carolina and Connecticut Look to Baseball, Attendance Growth

North Carolina and Connecticut – two states forever linked in the cross-currents of sports by the Hartford Whalers relocation to the Tarheel State in 1997, are both using 2014 to heighten their professional baseball credentials. The City of Hartford has announced that the Double A franchise currently in New Britain will be moving to the Capitol City in 2016 in a soon-to-be-built $60 million, nearly 10,000 seat stadium. Just two months ago, the Triple A Charlotte Knights opened their newly constructed 10,200 seat $55 million downtown stadium. The Knights are an affiliate of the Chicago White Sox. Ground was broken on the new stadium in September 2012, about an 18 month construction schedule.

The first Knights game took place on April 11, 2014. (photo at left) The stadium features a two-level club with skyline views as well as a VIP, climate-controlled club with full service bar. In addition to corporate suites, there are 987 club seats at the new Charlotte stadium. Of those, 170 on the upper level sell for $41.50 per game, or nearly $3,000 per season. The remaining 817 club seats, at $21 per game, sell for about $1,500 annually.  All of the club seats were sold out 10 months prior to the season opener, according to the Knights website.  Season tickets require either a two- or four-year commitment. Naming rights to the stadium were sold to BB&T Corporation in 2012. Published reports also indicate that multiple new hotels are expected to open in the area around the stadium in the coming years, along with restaurants and retail.

The Charlotte team’s website reports that “National ballpark consultants conservatively estimate that in its first year BB&T Ballpark should draw at least 600,000 fans just for baseball.” In addition to obtaining corporate sponsorships, among the fundraising initiatives along the way in Charlotte were commemorative bricks sold to be placed in the stadium’s entrance, at a cost of between $90 to $195, containing individual messages determined by purchasers. A portion of the sales went to local charities in Charlotte.

Comparing Attendance Numbers, Possibilities

The Rock Cats drew more than 307,000 fans to their 6,100-seat stadium in New Britain last year, ranking sixth in the 12-team Eastern League. The Knights were last in attendance in the Class AAA International League last year, with an average of 3,803 per game, down from a high of 4,736 in 2006, according to the Charlotte News Observer. In 2013, the New Britain Rock Cats averaged 4,653 fans per game, which ranked 59th among baseball’s minor league teams. Charlotte ranked 80th. The top team in the league - and in minor league baseball - the Columbus Clippers, drew 9,212 per game.

The AAA Pawtucket Red Sox average attendance in 2013 was 7,827, ranked #10 in minor league baseball. The Double-A Portland Sea Dogs, also a Red Sox affiliate, ranked 47th, drawing an average of 5,096 per game. Among Double-A teams, Portland ranks tenth.

The top minor league teams, based on average attendance in 2013, are in Columbus, Lehigh Valley, Indianapolis, Sacramento, Dayton, Buffalo, Louisville, Round Rock (Texas) and Albuquerque. The top Double-A teams are in Frisco, TX (7,057); Richmond, VA (6,689); Reading, PA (6,321); Tulsa, OK (5,704); Birmingham, AL (5,669); Corpus Christi, TX (5,498); Trenton, NJ (5,373) and New Hampshire (5,125).

On July 12, 2008, the Rock Cats established a franchise record for single game attendance, with a crowd of 8,115 at New Britain Stadium. The record was broken on June 27, 2009, with a crowd of 8,212. The Rock Cats reached the 8,000 mark once again on May 31, 2014 with a crowd of 8,079.

For those who wonder if there is a Triple A future for a Hartford baseball stadium, the history of Pawtucket may be of interest. The first team to be named the Pawtucket Red Sox debuted in 1970 as a member of the Double-A Eastern League, according to Wikipedia. After three seasons as a Double-A Red Sox affiliate, Pawtucket's Eastern League franchise moved to Bristol, CT in 1973 to make room for the new Triple-A PawSox. And as most Connecticut sports fans recall, the Bristol franchise then moved to New Britain in 1983, first as a Red Sox Double-A affiliate (through 1994) and then as the farm team of the Minnesota Twins.

And might the presence of a stadium in Hartford, rather than New Britain, cause the Red Sox to return with an affiliate in Connecticut? Apparently not any time soon. The Sox appear set in Pawtucket and Portland.

In January 2013, the Portland Sea Dogs announced an extension of their affiliation with the Boston Red Sox as the Double A minor league team. Their contract was set to end after the 2014 season but the extension through the 2018 season was announced during the Portland Sea Dogs Hot Stove Banquet by Red Sox director of player development Mike Hazen and Sea Dogs president Charlie Eshbach. Eshbach served as Eastern League President for 11 years and is the league's longest serving active member  – dating back to his tenure as general manager of the Bristol Red Sox in Connecticut, not too many years after attending college at UConn.

“We are delighted to extend our relationship with the Portland Sea Dogs for an additional two seasons,” said Hazen at the time. “We are extremely fortunate to work with some of the best people in minor league baseball in Portland. The Burke family, Charlie Eshbach, and the entire Sea Dogs organization always go above and beyond to provide support to our players and staff. With the Sea Dogs, our minor leaguers experience the ideal environment to succeed and grow.”

The Sea Dogs are now in their 21st season at Hadlock Field, their 12th as an affiliate of the Boston Red Sox. The Red Sox originally entered into an agreement with the Sea Dogs following the 2002 season, when Portland changed affiliations from the Florida Marlins.

 (photo credit: Rob Kavaler)

Higher Percentage of Part-time Workers in CT Than New York, New Jersey, Lower Than New England

Connecticut's percentage of part-time workers (22.2 percent) outpaces much of the Northeast, South, Midwest and West, according to the latest Connecticut Economic Digest (CED), produced by the state Department of Labor and Department of Economic and Community Development. In the first examination of part-time employment in more than a decade, the publication noted that part-time employment in Connecticut numbered 383,000 - 69.5 percent of which (266,000) was women. This statewide share is among the highest in the country, which had a 50-state average of 64 percent.

Connecticut’s part-time employment share of 22.2 percent is the lowest in New England but considerably greater than neighboring states in the tri-state area, which have employment shares respectively of 17.6 percent (New York) and 17.9 percent (New Jersey), the analysis by the state Department of Labor indicated.

Part-time employment is all employment that amounts to less than 35 hours per week. Since 1997 it has averaged about 20 percent of total employment in Connecticut and fell to 18.6 percent in 2000, according to the CED, before climbing.

In recent years it has gradually trended upward and was 22.2 percent of employment in 2012, the most recent year of annual average data and the basis for the analysis. The breakdown of hours worked shows that Connecticut has less under 35 hours per week employment than other New England states but more than the Northeast region overall. Part-time employment was 23.3% of all New England employment in 2012, higher than any other census division in the country. The other eight census divisions averaged 19.3% with the West- South Central division lowest at 16.4%.

While those choosing to work part time remain the bulk of part-time workers, the number of those working less than full time has grown since 2005 as more workers have their hours cut by employers or were unable to find full-time jobs during or after the recession. From 2009 to 2011, the number of workers who wanted full-time employment but could only find part-time jobs rose 37.5 percent to 33,000 from 24,000, Hartford Business Journal reported.

The report points out, however, that a majority of part-time employment in Connecticut is due to voluntary reasons, and not a result of prevailing economic conditions. In 2012, voluntary part-time employment in Connecticut was 76.4 percent of all part-time employment, in line with the 50-state average of 76.8 percent.

The industries with the lowest average weekly hours worked are leisure and hospitality, other services, and education and health services. In 2013, these industries averaged 25.8, 30.9, and 31.2 work hours per week, according to the Connecticut Economic Digest report issued in May.

Mystic Aquarium Honored at White House Ceremony with National Medal

Mystic Aquarium has earned some high profile attention this month, recognized at a White House ceremony hosted by First Lady Michelle Obama. The Institute of Museum and Library Services (IMLS) honored Mystic Aquarium as the only aquarium or zoo nationwide to receive its National Medal for Museum and Library Service for 2014. Impressively, Mystic Aquarium was one of four Connecticut finalists considered for the National Medal, along with the Hartford Public Library, Mattatuck Museum in Waterbury and Otis Library in Norwich. A total of only 30 institutions across the country were finalists, from which ten winners were ultimately chosen.

The National Medal is the nation’s highest honor conferred on museums and libraries for service to their communities. The Institute of Museum and Library Services, an independent agency of the U.S. government with the mission to create strong libraries and museums that connect people with information and ideas, is celebrating its 20th year of saluting institutions that make a difference for individuals, families and communities.

Mystic Aquarium gives back to the community with a direct financial impact of $72.2 million annually. In addition, the aquarium buys $5 million in services and supplies from Connecticut businesses annually. The institution’s conservation efforts protect the vitality of Long Island Sound, an important revenue-generating natural resource for Connecticut. It is the largest informal science education provider in Connecticut and Southeastern New England, reaching 100,000 students annually.

The work of Mystic Aquarium was brought to the attention of Susan H. Hildreth, Director of the Institute of Museum and Library Services, by some of Connecticut’s most prominent cultural, education and government leaders. Rodney A. Butler, Mystic Aquarium Trustee and Chairman of the Mashantucket Pequot Tribal Nation, nominated the Aquarium for the National Medal, noting the pivotal role the Aquarium plays with its education and cultural exchange program for Native American high school students from the village of Point Lay, Alaska, and the Mashantucket Pequot Tribal Nation in southeastern Connecticut.

A major criterion for the award is the institution’s impact on members of its local community. Dr. Stephen M. Coan, President and CEO of Sea Research Foundation, the parent of Mystic Aquarium, who accepted the National Medal from Mrs. Obama, said: “We are honored to receive this prestigious award. We are committed to our educational and public engagement programs that make Mystic Aquarium not only an enjoyable family destination, but also a research facility dedicated to protecting our oceans and its aquatic creatures.”

U.S. Senators Richard Blumenthal and Christopher Murphy supported the nomination along with Stonington Public Schools, which cited the Aquarium’s exemplary work with young people with intellectual disabilities. Michael Cotela, Executive Director of the Boys & Girls Club of Stamford extolled the Aquarium’s critical educational programming for underserved communities.

Founded in 1973, Mystic Aquarium has a collection of 4,000 animals, including such species as beluga whales and the endangered African Penguin.

PHOTO (Left to right): Justin Richard, Stephen M. Coan, Mrs. Obama.

When One CT Beer Week Is Just Not Enough

For Connecticut’s growing beer industry, a single beer week was just not enough.

The Connecticut Beer Wholesalers Association, which is comprised of six beer wholesalers in Connecticut and conducted the CT Beer Week marketing campaign for the first time last May, has decided to double down on the effort in 2014.  The second annual Beer Week later this month will be the first to two “weeks” planned for this year.

The first Beer Week is coming up during the week of May 12 – 18, the same week as American Craft Beer Week. The second one is slated for October 14-20, and coincides with CT Restaurant week. Consumers are asked to “join us as we celebrate the growth of an industry in partnership with craft brewers, restaurants and retailers.”

Organizers say the "Brew & Buy Local" campaign brings focus to the Connecticut organizations that work together to strengthen “a vibrant industry filled with cooperative spirit and a desire to brew something good for Connecticut!”

Among the events in Connecticut later this month will be the 4th Annual Rising Pint Brewfest, designed to kick off American Craft Beer Week. The event will be May 10, 2014 at Rentschler Field, featuring over 90 craft breweries, live bands and local restaurants.  Proceeds of the Rising Pint go to Folds of Honor, a foundation working to help the families of our fallen and severely injured soldiers.

A full calendar of beer week events has been developed, and features more than 40 events around the state.  Connecticut has 22 local breweries, with a dozen new breweries being developed including three slated to open later this year in Oxford and Glastonbury.

Top Main Street Revitalization Initiatives in Connecticut Named

Manchester, New Britain, Waterbury, Seymour and the Northwestern CT Regional Planning Collaborative are being highlighted by the Connecticut Main Street Center (CMSC) for their strategic downtown revitalization initiatives.

As recipients of the organization’s 2014 Awards of Excellence, the efforts include a community college partnering with the downtown and others to create a co-working space; connecting the Naugatuck River with the downtown through extended trails and a linear park; and regionalizing marketing for a collection of small village centers.

The annual  Connecticut Main Street Awards of Excellence were created in 2003 to recognize outstanding projects, individuals and partnerships in community efforts to bring traditional downtowns and neighborhood commercial districts back to life, socially and economically. All of the award recipients continue the tradition of stimulating economic development and reinvigorating Connecticut's social centers, officials said.

"Our members continually inspire us with how creatively they respond to the needs of their community," said CMSC President & CEO John Simone. "They're deeply committed to every aspect of their downtown - the businesses, public spaces, local institutions, and above all, creating a place that people really enjoy living in and visiting. We couldn't be happier with how this year's winners represent all we stand for in downtown revitalization."

Submissions were judged on criteria which included innovation, replication, representation, partnerships utilized, and outcomes.  The awards will be presented at the 2014 Connecticut Main Street Awards Gala on June 9th at Roia Restaurant in downtown New Haven.  Award recipients, by category, are:

Events & Programming

Award of Excellence for Wine on Main St. to Main Street Waterbury, Terry Boyd, Braza Churrascaria, Courtyard by Marriott, Diorio's Restaurant, Shamrock Pub & Grill, Tryst Lounge, Signature's Restaurant, City Hall Café, Howland Hughes Center, and Nutmeg Fine Wine & Spirits.

Marketing & Communications

Award of Excellence for Discover NW CT to Northwestern CT Regional Planning Collaborative (representing the Towns of Sharon, Falls Village, Goshen, Cornwall, Canaan, Salisbury, Kent, and Norfolk), Studio Two, local business owners in the eight towns in the "Secret Corner", and local historical societies.

Public Space

Award of Excellence for Complete Streets Master Plan for Downtown New Britain to Downtown Streetscape Working Group, the City of New Britain (including the Mayor's Office, Public Works, Planning and Parks Departments), New Britain Downtown District, Polonia Business District, Central Connecticut State University/ITBE, Capitol Region Council of Governments, and Project Consultant Team.

Renewed Commitment to Main Street

Award of Excellence for Seymour Downtown Action Strategy to the Town of Seymour, Seymour Economic Development Commission, Seymour Downtown Committee, Greater Valley Chamber of Commerce, Naugatuck River Greenway Steering Committee, Naugatuck Valley Council of Governments, Downtown Merchants Association, Planimetrics, Milone and MacBroom; CT Department of Energy and Environmental Protection,and the National Oceanic and Atmospheric Administration.

Main Street Partnership

Award of Excellence for Axis901 and MCC on Main (Manchester) to First Niagara Bank, Manchester Community College (MCC) Foundation, and the Town of Manchester (Board of Directors and Staff).

Economic & Business Development

Award of Excellence to The Business Women of Grand Street (Waterbury) to The Dutch Flower Lady, Technology Forensics, John Bale Book Company, Fine Craft Jewelers, Dottie's 2, Princess Lingerie, Brass City Market on Field, and Fashion Addict.

Hartford Ranked #35, New Haven #39 in Income Inequality Among US Cities; Bridgeport-Stamford-Norwalk Is Nation's Most Disparate Region

A new analysis ranking the cities with the greatest income inequality includes Hartford and New Haven in the top 50.– and the Bridgeport-Stamford-Norwalk metropolitan area is the metro region with the largest income disparity in the nation.

The major cities with the most dramatic income inequality in their population are, ranked in order:  Atlanta, New Orleans, Miami, Jackson (Mississippi), Gainesville (Florida), Tampa, Cincinnati, Athens (Georgia), Providence, Berkeley and Boston.  Seven of the top 11 are cities in the Southern U.S.

Among New England cities, Providence ranked #9, Boston at #11, Cambridge at #12, Hartford at #35, and New Haven at #39.  Among other major cities, New York ranked #13 and Washington, D.C. ranked #15.

Bloomberg ranked 300 U.S. cities with populations of at least 100,000 based on their level of income inequality and identified the 50 with the greatest inequality. The media outlet also ranked the top 20 metropolitan areas with the greatest income disparity.

On that list, Bridgeport-Stamford-Norwalk ranked as the metro area with the most income inequality in the nation.  Among the 20 regions with the greatest disparity, one-quarter are in Florida – including Naples-Marco Island at #2 and Gainesville at #3.  College-Station-Bryan (Texas) was #5 and New York-Northern New Jersey was #5 on the list of metro areas. 

They methodology for the analysis was use of the “Gini coefficient,” which is calculated by the U.S. Census from household income share by quintiles, used to measure distribution of wealth. It ranges from zero, which reflects absolute equality, to one, complete inequality.

Hartford’s Gini coefficient was 0.5176, New Haven’s was 0.5144.  By comparison, Atlanta’s was 0.5882, and Providence 0.5445.  New Haven’s income inequality improved slightly, by 5.4 percent, since 2008, while Hartford’s disparity grew slightly, by just over 1 percent, according to the data.

The Bridgeport-Stamford-Norwalk region had a Gini coefficient of 0.5459.

It was reported that in New Haven, 26.1 percent of the population was living in poverty; in Hartford the figure was 38 percent.  In Hartford, 54 percent of household income was in the highest quintile, while 2 percent was in the lowest quintile.  In New Haven, 38 percent was in the highest quintile while 2.5 percent placed in the lowest.

In the ranking of the 50 cities with the most income inequality, Hartford was between Lafayette, Louisiana and Cleveland, OH.  New Haven ranked between Charleston, S.C. and Tulsa, OK on the list.

The average score for the United States was 0.4757. In 2013, a person living alone making less than $11,490 was classified as in poverty. The threshold increased by $4,020 for each additional household member, Bloomberg reported.

Soda Tax Won't Hurt Job Prospects, Study Finds

As the Connecticut legislature considers a proposal to implement a 2 percent tax on sodas, proposed by Senate Majority Leader Martin Looney at the suggestion of New Haven Mayor and former state senator Toni Harp, two new academic studies challenge the beverage industry’s view that state and local taxes on sugary drinks will hurt employment, and offer suggestions to policy makers based on the tobacco tax experience. Harp has said the soda tax would discourage consumption of the sugary beverages – part of her campaign to combat obesity – and bring in an estimated $144 million in revenue for the state each year. It would tax all beverages “high in calories or sugar” by two percent, but does not specify how many calories or grams of sugar would trigger the tax.

The studies, appearing in the February and March issues of the American Journal of Public Health, argue, in one case, that claims of employment losses are off base because they focus only on the effects within the industry, ignoring the economic activity that comes with people substituting lower-priced goods for more expensive products as well as new spending from tax revenues.  The other study says that tobacco taxes offer a how-to road map for policy makers.

The study to be published in March, led by Jennifer L. Pomeranz, JD, MPH, while at the Yale Rudd Center for Food Policy and Obesity at Yale University, uses as its premise that “excise taxes on sugary beverages have been proposed as a method to replicate the public health success of tobacco control and to generate revenue.”

“Sugary Beverage Tax Policy: Lessons Learned from Tobacco”  indicates that “as policymakers increase efforts to pass sugary beverage taxes, they can anticipate that manufacturers will emulate the strategies employed by tobacco companies in their attempts to counteract the impact of such taxes.”  Pomeranz suggests that “policymakers should therefore consider two complementary laws—minimum price laws and prohibitions on coupons and discounting—to accomplish the intended price increase.”

Researchers at the University of Illinois, in a just-published study in the February issue of American Journal of Public Health, found that a 20 percent increase on the price of sugar-sweetened beverages would have an overall positive impact on the labor market.

The American Beverage Association has traditionally argued that manufacturers, distributors and small business owners, particularly grocers and convenience store proprietors, would suffer were soda taxes to be imposed, but the study says that’s not likely.

In recent years, proposals to tax those beverages fell short in California, Vermont, Hawaii, Massachusetts, Mississippi, New York and Rhode Island, Governing magazine reported.  In Maine voters passed a soda tax of 42 cents per gallon in 2008 but repealed it two years later amid a major lobbying effort from the American Beverage Association. Voters in Washington state similarly reversed their legislature in 2010.  As of the end of state legislative sessions in 2011, Governing reported, only four states had taxes specifically targeting sugary beverages, including Arkansas, Tennessee, Virginia, and West Virginia, according to the Tax Foundation.

In the study published this month, researchers ran a simulation of the impact of 20-percent soda tax in Illinois and California—selected for regional differences—and found slight employment increases would occur, but the net effect would be close to nothing. They found that people choose to spend their money on other things, not to forego spending entirely, and that employment gains in other sectors of the economy far outweigh the job losses for soda makers, National Journal reported.

“We find there are losses in the beverage industry, but when you’re talking about the whole economy suffering job losses, you can’t just talk about your own industry,” Lisa Powell, health policy professor at the University of Illinois at Chicago and the study’s lead author, told National Journal. “Using job loss as a scare tactic for the economy overall is misleading.”

Public health advocates have warned of a link between added sugar and illnesses ranging  from Type 2 diabetes and obesity to heart disease and osteoporosis. The caloric intake of sugary beverages increased dramatically from 1988 to the mid 2000s, though consumption has dropped across all age groups in recent years, Governing reported, with some citing the increased public attraction to teas and other beverages.  Like Harp and Looney in Connecticut, some elected officials around the country have proposed raising taxes on sugary drinks in order to reduce consumption.  The New Haven Register reported that Harp has pointed out that revenue from the cigarette tax has decreased, showing that the effectiveness of a tax in reducing consumption.

Pomeranz is a public health law and policy researcher focusing on marketing, labeling and youth access issues related to food and beverages, over-the-counter diet drugs, and dietary supplements, publishing on topics including discrimination, the First Amendment, public health preemption, and innovative regulatory strategies to address public health problems such as obesity. She is Assistant Professor at the Center for Obesity Research and Education in the Department of Public Health and at the College of Health Professionals and Social Work at Temple University, having served previously as Director of Legal Initiatives at the Yale Rudd Center for Food Policy & Obesity.  She is currently the Policy Chair of the Health Law Section of the American Public Health Association and the official liaison between the American Academy of Pediatrics and the American Public Health Association.

Lisa Powell is a Senior Research Scientist in the Institute for Health Research and Policy and Research Professor in the Department of Economics at the University of Illinois at Chicago. She has extensive experience as an applied micro-economist in the empirical analysis of the effects of public policy on a series of behavioral outcomes.

A 2011 study by the Yale Rudd Center for Food Policy & Obesity found that young people are being exposed to a massive amount of marketing for sugary drinks, such as full-calorie soda, sports drinks, energy drinks, and fruit drinks.  The study, described as the most comprehensive and science-based assessment of sugary drink nutrition and marketing ever conducted, found that companies were marketing sugary drinks targeting young people, especially black and Hispanic youth.

This story was reported by CT by the Numbers on February 16, 2014

Connecticut Ranks #48 in Federal Income Tax Refunds

Connecticut ranks #48 in the nation in income tax refunds its residents receive from the federal government.  Just over 11 percent of the taxes paid by state residents to the federal government are refunded to them, a percentage that is better than only the states of Delaware and Minnesota, and the District of Columbia.

By comparison, Mississippi residents receive more than three times that percentage.  One third of the taxes paid by Mississippi residents – 34.84 percent – come back in refunds.  West Virginia residents receive 30 percent of the taxes they paid, South Carolina 26.27 percent and Alabama 26 percent.  Bloomberg.com reviewed Internal Revenue Service (IRS) data and ranked the 50 states and the District of Columbia based on the percentage of gross individual income taxes withheld or paid that were returned as refunds the following year.

Figures are for a five-year period: fiscal years 2007 through 2011 for tax collections and fiscal years 2008 through 2012 for refunds. For both collections and refunds, data include individual income tax withheld, individual income tax payments, FICA taxes, SECA taxes, unemployment insurance taxes, railroad retirement taxes and estate and trust income taxes. Refunds include interest.

Connecticut’s gross total individual federal income tax collected between 2007 to 2011 was $206.31 million.  Total individual income tax refunded from the federal government between 2008 to 2012 was $23.56 million.  Joining Connecticut among the states with the lowest percentage refunded, in addition to Minnesota and Delaware, are Massachusetts, New Jersey, Ohio, New York and Nebraska. 

Investor Opportunities in Mobile Technology, Consumer Products Focus of Back-to-Back Conferences

It is described as “the Biggest and Most Disruptive Platform in Human History,” by William Davidson, Senior Vice President of Qualcomm.  Davidson will be the keynote speaker Wednesday in New Haven at “Connecticut Mobile Summit – Exploring Mobile Venture Opportunities and Challenges.”  Connecticut’s top mobile industry executives will be meeting to discuss how to accelerate mobile adoption, engagement and monetization, according to conference organizers.

Conference officials note that “penetration of smart phones into the workplace has been persistent since the iPhone launch in June of 2007. More recently, tablets have supplanted PCs as productivity boosters.”  The Connecticut Mobile Summit is designed to help educate Connecticut’s investment and technology communities in mobile venture opportunities and challenges.

In addition to Davidson, expert panelists participating include Carissa Ganelli, Founder & CEO, LightningBuy; Drue Hontz, Founder & President, KAZARK, Inc.; John Nobile, Founder & President, Tangen Biosciences; and Nadav Ullman, Founder & CEO, Dashride.

“In three to five years any enterprise that has not implemented mobility solutions for its customers, employees, and suppliers will be leapfrogged, disintermediated, or go bankrupt. Connecticut cannot afford to be behind this curve,” observed event moderator, Brenda Lewis, Principal of Transactions Marketing, Inc.

Davidson is senior vice president of strategy and operations for Global Market Development in Qualcomm Technologies, Inc. In this role, he handles reporting and operations as well as executing on strategic global business initiatives. In addition, Davidson is senior vice president of investor relations where he serves as the primary liaison with the investment community and Qualcomm shareholders. Davidson has more than 25 years of experience in technical sales, marketing and general management roles in the telecommunications industry.

The half-day conference is being presented by the Connecticut Technology Council, Crossroads Venture Group and AT&T. The event is supported by Mea Mobile.

Opening remarks will come from Bruce Carlson, Acting CEO & President of the Connecticut Technology Council, Liddy Karter, Executive Director of Crossroads Venture Group, and Claire Leonardi, CEO of the recently re-branded Connecticut Innovations.  The event is $40 for members of the Connecticut Technology Council and Crossroads Venture Group, $50 for non-members.

The following day, the Northeast Consumer Product Conference will be held in Stamford, with the Connecticut Technology Council and Crossroads Venture Group joined by the Connecticut chapter of the Association for Corporate Growth (ACG) as sponsors.  The conference is described as the Northeast’s largest ‘mergers and acquisitions’ conference focused on early state and middle market consumer-facing companies.  It brings together operators, buyers, investors, and transaction professionals to discuss the challenges and opportunities within consumer industries.

The Stamford conference will include expert-led panels reviewing the state of the capital markets and share strategies for consumer marketing in a digital world, for both early and late stage firms.

Keynote presentation will be from Mike McMahon, President, Spire, a Datalogix company.  Panelists for a session on “Raising Capital in Today's Environment,”  to be moderated by Ramsey Goodrich, Managing Director, Carter Morse & Mathias, include Richard Baum, Managing Partner, Consumer Growth, Partners; Christopher Bradley, Principal, Mistral Equity Partners; and Tom Hayes, Managing Partner & Principal, New England Consulting Group.

ACG CT President Karin (McKittrick) Kovacic said, “This conference brings together owners and managers with investors and transaction professionals to discuss the challenges and opportunities within the consumer products sectors.”

The Connecticut Chapter of ACG is one of the fastest growing ACG chapters in the country, with close to 300 local professionals focused on middle-market corporate growth (i.e.: mergers and acquisitions, financing opportunities, business development, joint ventures, licensing arrangements, etc.), including a diverse group of private equity funds, intermediaries, lenders, and service providers.

The Connecticut Technology Council (CTC) is a statewide association of technology oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies.  With over 2,000 member companies that employ some 200,000 residents, the CTC works to position Connecticut as a leader in idea creation, workforce preparation, entrepreneurial aptitude, early stage risk capital availability and providing on-going support and mentoring to high potential firms.

Survey Says: Increase Consumer Protections, Limit Marketing of Alternative Electric Companies

Too much.  That’s the opinion of Connecticut residents age 50 plus when it comes to the steady barrage of marketing by alternative electricity companies, according to a new survey by AARP Connecticut.  The survey found that 82 percent of electricity customers age 50 and older had been solicited in the past 12 months by an electric supplier – and that a significant 25 percent of the customers had changed electric suppliers during the year.

There was also a clear mandate to reign in the marketing.   Nearly three out of four people would prefer that companies be limited to marketing to consumers only once a year.

A robust 88 percent expressed concern about the increasing costs of electricity.  However, most cite loyalty with their current supplier (35%), or not finding alternative suppliers with more competitive rates (21%) as reasons they chose not to switch carriers.  Sixteen percent cited negative perceptions or concerns about alternative suppliers, such as bad reputations (6%), being untrustworthy (4%), having variable rates (4%) or being bound by contracts (2%).

The marketing takes many forms.  The majority of customers said they have received offers from alternative suppliers through the mail (74%) and by phone (58%).  Additionally, a considerable number (13%) say representatives have knocked on their door at home.  The marketing tactics have generated strong support among those over 50 for limits:

• 84 percent support requiring sales staff to wear badges to identify themselves and their company
• 65 percent support requiring sales staff to tell consumers they have seven days in which they can terminate their contract
• 64 percent support requiring sales staff to provide written terms of sales agreements while on-site.

AARP Connecticut pointed out that a study by Connecticut’s Office of Consumer Counsel found that nine out of ten customers who switched to a third party supplier in CL&P’s territory and seven out of ten customers in UI’s territory were paying more than standard rages during the study period.  The overpayments, according to AARP, totaled about $13.7 million per month –“money that residents, especially older adults on fixed incomes, could be spending on basic necessities like groceries and medication,”  AARP noted.

Ninety percent of those surveyed supported proposals to protect consumers by requiring suppliers to disclose all costs associated with their prices, including early termination fees and minimum monthly charges, and 85 percent supported requiring suppliers who offer variable rate contracts to provide specific comparison information.

“It’s clear from these survey results, and from the stories our members have shared with us, that electric customers don’t feel like they’re getting a fair shake,” said AARP Connecticut Advocacy Director, John Erlingheuser.  “They’re fed up with high electric rates, with the constant marketing and questionable practices of third-party suppliers, and with the lack of oversight and enforcement by state regulators.  They want their elected officials to do more to help lower rates and ensure adequate consumer protections are in place in the alternative electric supply market.”

Among those surveyed, 77 percent were CL&P customers, and 16 percent were United Illuminating customers.  The survey pointed out to respondents that consumer electric bills are divided into two major sections: delivery and generation supply. CL&P and United Illuminating are the primary delivery companies in Connecticut. Since 2000, the supply portion of the bill has been deregulated, “meaning that independent companies, known as ‘electric suppliers,’ can compete to sell or supply you electricity.”  CL&P and UI continue to supply as well as deliver to consumers, but under deregulation, electric supply can be provided by other companies.  The deregulation plan was adopted by state government in an effort to reduce prices through a competitive marketplace.

Testifying at the state legislature last month, AARP Connecticut indicated that an array of unscrupulous marketing practices are luring consumers – especially those over age 50 - with seemingly attractive offers, only to have consumers receive bills charging rates often well in excess those that consumers had been paying previously.  They outlined a series of reforms that would better protect consumers.

In testimony before the Energy & Technology Committee, AARP Connecticut stated “What proponents of deregulation failed to recognize that markets require supervision, consumer protections, and proper enforcement. Some marketers have turned to means to capture customer interest and agreement that have resulted in complaints, misrepresentation of prices, the use of variable rates that are not predictable or even plainly stated, teaser rates, the renewal of fixed rate contracts into variable rate contracts without affirmative customer consent, and a host of telemarketing and door to door activities that confuse customers and take advantage of their lack of education and understanding of the terms being proposed to them in a hard sell marketing technique.”

Connecticut's Public Utilities Regulatory Authority (PURA) held a series of public hearings in February to solicit public comment in its ongoing investigation of the electric supplier market in Connecticut.  The agency provides a list of electric suppliers and aggregators on its website.  Earlier this month, Attorney General George Jepson and State Consumer Counsel Elin Katz called for enhanced consumer protections, CT Watchdog reported.

AARP Connecticut commissioned a telephone survey of 800 Connecticut residents age 50 and older to learn about their opinions on electric utility marketing and regulations.  The interviews took place between March 11 and March 16, and the data was weighted to reflect the Connecticut population age 50 and older.  The survey has a margin of error of plus or minus 3.5 percent.