Governor Travels to Iowa for Insurance Industry Keynote

When “attendees from around the world” convened in the “insurance hub of Des Moines, Iowa,” for the second annual Global Insurance Symposium, the keynote speaker was an individual from a state long considered as the hub of the industry, Governor Dannel Malloy of Connecticut. The symposium, being held this week, was designed to “provide a forum for insurance professionals and regulatory authorities to share insights into challenges facing the insurance industry,” and includes “some of the most knowledgeable experts in the insurance field and discuss important issues facing the industry, such as cybersecurity and big data,” according to conference organizers.

Why Des Moines, Iowa?  The conference website points out that “for decades, Iowa has been committed to policy that creates favorable conditions for the insurance industry to thrive. As home to more than 200 insurance companies, Iowa is uniquely suited to host the Global Insurance Symposium and assemble global leaders to discuss these important issues.”

The symposium will  also serve as a coming out for six start-ups completing Iowa's Global Insurance Accelerator, a fast-track business development program focused on insurance innovation. The accelerator brought together startups from Iowa, Nebraska, California, Germany and Brazil, for 100 days of fast-paced business development, and mentoring.  The initiative was launched in February.

Iowa Governor Terry Branstad provided opening remarks at Wednesday’s session, followed by Malloy’s keynote address.  Branstad, a Republican, and Malloy, a Democrat, were re-elected by voters in their respective states last fall.

The 2014 Connecticut Insurance Market Brief reports that Connecticut ranks #1 in the U.S. for insurance carrier employment as a percentage of total employment, #1 in the U.S. for insurance payroll as a percentage of total payroll (5.6 percent) and that one new job in the insurance industry results in 1.73 additional jobs to the Connecticut economy.  The insurance sector accounts for 5.7 percent of Connecticut’s Gross State Product, ranking #2 in the U.S. as a percentage per capita. 

A 2012 report by the Connecticut Insurance and Financial Services (IFS) Cluster and PwC US indicated that an increase of $1 in insurance labor income puts an additional $0.78 into state commerce; and every year the insurance industry purchases an average of $2 billion in goods and services from other industries in Connecticut.

The Iowa Economic Development Authority reports that “Iowa’s insurance industry grew by 11 percent during the past 15 years, while industry throughout the entire U.S. was flat.”  The agency indicates that while Iowa has 1.6 percent of the nation’s finance and insurance jobs, it generates 2.9 percent of the nation’s insurance GDP.

In a op-ed co-authored by the two Governors and published in 2012 by the Connecticut Post, Malloy and Branstad pointed out that “in Connecticut and Iowa, the multibillion-dollar insurance industry remains one of the essential anchors for sustained prosperity and quality of life. Both states are among the top four in the nation for the share of insurance and financial services jobs when compared to the entire workforce. In addition, the U.S. insurance industry is a titan in the world marketplace, accounting for nearly 34 percent of the worldwide market share.”

“Unique and fundamentally stable, insurance would top the list of industries for any governor to nurture and grow in his or her state,” the states’ chief elected officials noted. “The industry attracts a well-educated, well-paid work force of actuaries, financial analysts, attorneys, certified accountants and skilled support staff.”

The text of remarks by Branstad and Malloy at the Global Insurance Symposium were not immediately available, but The Hartford Courant reported that Malloy advocated continued state regulation of the industry, rather than an increased federal regulatory scheme.  "Our states, our commissioners and our governors need to be more actively involved if we are going to protect our industry as we know it, and not be dictated to, not simply by people in Washington but people abroad as well," the Courant quoted Malloy as stridently urging those gathered for the symposium.

https://youtu.be/R_aApLrqy5o

https://youtu.be/CmDCxvRIC3I

Agencies, Organizations to be Honored for Efforts Advancing Local Downtowns

A high school AP economics class that engages students in proactive land-use planning, the owners of a downtown Segway tour company that let the community help name their new business, and the state’s Department of Transportation are among the organizations and initiatives chosen to receive a 2015 Award of Excellence from the Connecticut Main Street Center (CMSC). Seven recipients were selected for the prestigious award, representing initiatives in Mansfield, New London, Putnam, Simsbury, Waterbury, and Upper Albany in Hartford.

The other winning entries included a First Fridays series that draws thousands of visitors with its hands-on arts and cultural events; a massive, multi-cultural downtown gathering of dozens of ethnic groups to celebrate a common community pride; a multi-year, multi-million dollar public/private partnership to design and build a brand-new town center; and a local merchant who remains committed to the neighborhood and the state despite becoming an international success.

For the first time in the history of the awards program, a state agency was also selected to receive an award. The CT Department of Transportation received a special award for Starting a Revolution: Integration of Land Use and Transit in recognition of the progressive nature of CTfastrak, the bus rapid transit system opened earlier this year. The awards jury that selected the winners gave the award because they felt the new busway represents a cultural shift in how Connecticut views transit, and wanted to acknowledge the future promise of transit oriented development that will hopefully result around the station locations.

The Connecticut Main Street Awards annually celebrate and communicate the most successful and innovative efforts in Main Street revitalization in Connecticut. A jury comprised of industry-related professionals and CMSC staff judged the submissions on criteria that included innovation, replication, representation, partnerships utilized, and outcomes.

"Our members continue to impress us with how they support, encourage and implement new ideas from the ground up," said CMSC President & CEO John Simone. "They're constantly forming partnerships with new groups, working to sustain local merchants, and tirelessly promoting how wonderful our downtowns and Main Streets are. We're proud of their efforts and excited to share their achievements with everyone else."

The awards will be presented at the 2015 Connecticut Main Street Awards Gala on June 8th at Trinity-on-Main in downtown New Britain. This year's event will feature guided tours of downtown New Britain, including a Downtown Arts, Heritage & Culture tour, a tour of Walnut Hill Rose Garden & New Britain Museum of American Art, and a tour of CTfastrak in New Britain: Transportation, Housing & Main Street.

The full list of 2015 Awards of Excellence winners:

2015 Connecticut Main Street Awards of Excellence                 

Main Street Partnership

▪   Simsbury High School AP Economics Course, to Simsbury Main Street Partnership and Simsbury High School.

Planning

▪   Step by Step: Building a Downtown from Scratch (Storrs Center), to Mansfield Downtown Partnership, the Town of Mansfield, UConn, LeylandAlliance and the Citizens of Mansfield. (photo, above right)

Events & Programming  (Sponsored by Webster Bank)

▪    The Gathering (Downtown Waterbury), to the City of Waterbury, the Waterbury Observer, and Main Street Waterbury.

Award of Merit for Events & Programming

▪   First Fridays (Downtown Putnam), to the Town of Putnam, Putnam Business Association, and the Putnam Arts Council.

Business Owner of the Year

▪   Dawn & Kristin Harkness / Wheeling City Tours (New London), Submitted by New London Main Street.

2015 Main Street Pioneer: Outstanding Commitment to The Avenue  (Sponsored by Webster Bank)

▪    Vivian Akuoko / Evay Cosmetics (Upper Albany Avenue, Hartford), Submitted by Upper Albany Main Street.

Starting a Revolution: Integration of Land Use and Transit

▪   CTfastrak, to the State of Connecticut Department of Transportation and the Capitol Region Council of Governments (CRCOG).

The 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.  In recent years, the Awards Gala has been held in New Haven, Hartford, Manchester, Torrington and Bridgeport.

Pedals for Progress Sends Bicycles Overseas to Boost Opportunity, Improve Economic Conditions

Area residents with an adult or child’s bicycle in repairable condition are urged to consider a donation to Pedals for Progress (P4P) in West Granby this weekend.  The national organization rescues bicycles destined for overburdened U.S. landfills and ships them to developing countries where they are sorely needed and highly valued. Last year, bike collections were sponsored by approximately 41 community partners in six states, including Connecticut. P4P bikes are put to work not only as basic transportation, but are used as a supplement to school and community programs. The bikes are adapted for use as trash haulers, produce trucks, taxis, and farm machinery.

With overseas partners, the bicycles take on an even greater significance – to keep the bikes working, maintenance is necessary. Children and adults are trained in bicycle maintenance and repair, and the bicycles are sold within the community, fostering the development of a local economy. If a person would like to have a bicycle but cannot pay for it, that person has to work for the shop (and learn a new skill) in order to cover the cost of the bicycle.

P4P also arranges for the bicycle shops to have a supply of tools, parts, accessories, and lubricants for maintaining the bikes. With Pedals for Progress, a bicycle becomes a valuable commodity for trade, employment, transportation, local government – the list goes on.

Sponsored by Jackie Rubell Johnson with support from Holcomb Farm, bikes can be dropped off from 12 noon to 3 PM on Saturday May 23, 2015, rain or shine at Holcomb Farm, 113 Simsbury Road, in West Granby. [“Bikes for parts” or disassembled bikes are not accepted.] It costs $40 to collect, process, ship, rebuild and distribute each bicycle. A donation toward shipping costs is necessary.  Organizers ask for a minimum $10 donation with each bike or sewing machine to help cover the cost of shipping. Receipts are offered for value of donation including cash.

P4P collects 5,000 to 7,000 bicycles annually and transfers this material wealth to those in need. To date, more than 140,000 have been shipped to developing countries in Latin America, Africa and Eastern Europe.  Last year, the bicycles were donated to recipients in Nicaragua, Guatemala, Albania, Moldova, and Madagascar. 

In these countries the bikes are reconditioned by partner agencies and distributed at low cost to poor working adults. These bikes provide reliable transportation for commuting to work, transporting product to market, or accessing health care and other services. Steady employment for is vital to the development and success of these economies.

In 2014, Pedals for Progress shipped a total of 3,634 bicycles, 274 sewing machines, and approximately $360,000 in bicycle parts and accessories, to seven nonprofit agency partners in seven developing countries. That brought the cumulative donations shipped in the last 24 years, since the organization’s inception in 1991, to 142,437 bicycles, 2,860 sewing machines, and over $12 million in parts and accessories donated to 38 countries.

Among the organizations providing support are the Clif Bar Family Foundation, FedEx and Thulé.   Connecticut organizations that participated in collecting bicycles in 2014, in addition to Jackie Rubell Johnson with support from Holcomb Farm in West Granby, include Newtown Rotary Club, Old Greenwich Presbyterian Church, and the Wilton High School Spanish Honor Society.

The organization also accepts working portable sewing machines and P4P seeks donations of wrenches for their overseas shops. All cash and material donations are fully deductible and a receipt will be available at the collection site.

Pedals for Progress is a 501 © (3) corporation and a registered charity in the states of New Jersey, Pennsylvania, Vermont, Iowa and Connecticut.  More information about the organization is available at  www.p4p.org; for information about the May 23 pick-up in West Granby, call 860 653 7758.

https://www.youtube.com/watch?v=U0qfStNmS6k&feature=youtu.be

States Under Pressure to Raise Gas Tax to Support Infrastructure Repair

In nearly two-thirds of states, state-imposed fuel taxes have not kept up with inflation for two decades, according to a Governing analysis of state gas tax data reported to the U.S. Census Bureau. That is forcing legislators around the country to consider raising gas taxes or exploring other ways to increase transportation spending, as Congressional action on adjusting the federal portion of the gas tax to meet infrastructure needs remains stalled. As Connecticut – with among the nation’s highest gas taxes - contemplates embarking on a decades-long comprehensive transportation infrastructure upgrade, how to fund the likely record-setting fiscal requirements has been assigned to a task force to consider and propose recommendations.  Earlier this month, Michigan voters resoundingly defeated a measure -- 80 percent voted “no” -- to hike gas taxes and make many other changes to boost state transportation spending, Governing reported. Last fall, Massachusetts voters recinded (with 53% of the vote) a law that would have automatically tied gas tax rates to inflation.  The law had been passed by the state legislature in 2013. 

Connecticut’s gas tax, increased most recently by about 4 cents per gallon in July 2013, based on legislation approved previously – a step not taken by many other states in recent years. The Institute on Taxation and Economic Policy reported earlier this year that 22 states hadn’t raised their gas taxes in more than a decade, according to Governing.  Connecticut is not among them.

At the federal level, the gas tax was last increased in 1993. Since then, inflation, fuel-efficient vehicles and changing driving habits are all undermining the per-gallon charges that are the country’s main source for transportation funding to repair roads, bridges, and related infrastructure.  In most states, just as nationally, those problems grow because lawmakers rarely adjust fuel taxes, Governing noted. Connecticut, as other states, has also seen funds derived from the gas tax diverted from transportation-related purposes through the years, adversely impacting the status of transportation infrastructure.

In January, USA Today and 24/7 Wall Street reported that Connecticut’s state fuel tax of 43.2 cents per gallon was the fifth highest in the nation, and as a percentage of the gas price, the state was third highest.  At the time, Connecticut’s gas price was the sixth highest in the nation.  Gas prices nationwide and in Connecticut have risen since January, and Connecticut continues to rank near the top of most gas price surveys.

In Connecticut, the inflation-adjusted change is a reduction of in the value of the dollars provided by the tax of 32.6 percent since 2000 and 22.3 percent since 1994, according to the Governing analysis, using data from the U.S. Census Bureau and the Institute on Taxation and Economic Policy.  Earlier this year, Governor Malloy announced a two-part transportation plan consisting of a five-year ramp-up that utilizes $10 billion capital funding, and leads up to a 30-year vision utilizing $100 billion in funding.  The Transportation Finance Panel he appointed to  recommend options the state can utilize to finance the infrastructure transformation is due to report this summer (see members below).

The federal government’s 18.4-cent gasoline tax brought in a fifth less, in inflation-adjusted dollars, in 2013 than in 1993, Governing reported. The federal government’s buying power peaked in 1994, immediately following its gas tax hike. The purchasing power of states fuel taxes peaked five years later, in 1999. In 37 states, inflation-adjusted revenues from fuel taxes slipped since 2000.

At the federal level, fuel taxes have been flat for more than 20 years, starving the Highway Trust Fund of revenue used for rising infrastructure repair costs, according to Reuters.  According to Forbes, the Congressional Budget Office (CBO) has estimated that in 2024 alone the Highway Trust Fund will spend $18 billion more than it brings in, Forbes has reported. The CBO estimates the cumulative shortfall over the next decade will top $160 billion.

A year ago, when gas prices nationwide were at their lowest levels in years, Republican Senator Bob Corker of Tennessee and Democrat Chris Murphy of Connecticut proposed raising federal gasoline and diesel taxes by 12 cents a gallon over two years– to bring the tax where it would have been had it kept up with inflation for the past two decades.  As in the past, the prospect of a federal tax increase in the gas tax – even to address needed transportation infrastructure repairs – did not gain significant support.

At the time, it was estimated that American drivers pay an average of $94 a year to access over 11,618 miles of highways, roads and bridges.  Based on data from the Government accountability Office, the National Stone, Sand & Gravel Association pointed out that “with a growing number of potholes, cracked roads and traffic jams plaguing America, we need a common-sense and responsible way to pay for improving our infrastructure.”

The Governor’s Transportation Finance Panel, appointed earlier this spring, includes:

• Cameron Staples (Chair): President and CEO, New England Association of Schools and Colleges; Former Co-Chair of the Finance, Revenue and Bonding Committee, Connecticut General Assembly
• Beth Osborne: Senior Policy Advisor, Transportation for America; Former Acting Assistant Secretary for Transportation Policy, U.S. Department of Transportation
• William Bonvillian: Director, Massachusetts Institute of Technology’s Washington, D.C. Office
• Joan Carty: President and CEO, Housing Development Fund
• Bert Hunter: Chief Investment Officer, Connecticut Green Bank
• Oz Griebel: President and CEO, MetroHartford Alliance
• Paul Timpanelli: President and CEO, Bridgeport Regional Business Council
• Stanley Mickus: Marketing and Public Affairs, Cross Sound Ferry Services
• Emil Frankel: Consultant on transportation policy; Former Commissioner, Connecticut Department of Transportation (1991-1995); Former Assistant Secretary for Transportation Policy, U.S. Department of Transportation (2002-2005)

CT Among Worst States For Business, Chief Executive Survey Says

Connecticut dropped one slot closer to the bottom of the list in this year’s Best & Worst States for Business, ranked by Chief Executive magazine’s survey of more than 500 CEOs nationwide.  The state was ranked 45^th this year, down from #44 a year ago. Connecticut’s Northeast neighbors were mostly in the same neighborhood on the rankings list, with New York (#49), New Jersey (#47), and Massachusetts (#46) also in the bottom ten, along with Vermont, ranked #41.  In the middle of the pack, Maine was ranked #30 and New Hampshire was #21.

According to Chief Executive, which is published in Greenwich, the results of the 11th annual survey show that CEOs favor states with progressive business development programs, low taxes and a quality living environment.  States are measured across three key categories to achieve their overall ranking: Taxes and regulations, quality of the workforce, and living environment, which includes such considerations as quality of education, cost of living, affordable housing, social amenities and crime rates.

The top ranked states were Texas, Florida, North Carolina, Tennessee, Georgia, Indiana, Louisiana, Nevada and Arizona.  Texas and Florida were also ranked one-two last year.  Texas has topped the list for a decade.  Tennessee and North Carolina traded places from a year ago. 

Among the CEO comments highlighted by the publication:  “A difficult tax structure like the ones in New York or Connecticut makes incentive-giving easy, but penalizes existing businesses. The climate for coming is better than the climate for staying.”

Of a maximum five stars in the CEO ratings, Connecticut received 1.5 for Taxation and Regulations, 3.0 for Workforce Quality and 3.0 for Living Environment.  The data used in determining the states' rankings included state GDP for 2013 vs. 2012, the unemployment rate in December 2014, state debt per capita in 2013, and state-local tax burden.  Key companies in the state highlighted by the website reporting of the survey include General Electric Company, Xerox Company, Aetna Corporation, The Hartford, and Stanley Black & Decker.

Indiana ranked first in the Midwest and sixth nationwide as the best place to do business. It was the only Midwestern state ranked in the top 10.  Among neighboring states, Kentucky ranked 28th, Ohio ranked 22nd, Michigan ranked 43rd and Illinois ranked 49th.  Among the largest moves up the list were Idaho (from #28 to #18), Pennsylvania (from #42 to #35), Iowa (from #19 to #13) and Maine (#36 to #30).

Chief Executive magazine is a bi-monthly publication for top management executives published by the Chief Executive Group LLC., founded in 1977, and headquartered in Greenwich.  According to the publication, state governments use the survey results to help determine how to improve their regulatory environments to attract more businesses, while corporations use the data to decide where to build facilities and attract vibrant workforces.

Last fall, Connecticut economic development officials and leading companies were featured in videos touting the state's efforts to attract and retain businesses.

https://youtu.be/sqNs8aaWpd0

https://youtu.be/CmDCxvRIC3I

Aging Issues in CT Highlighted for White House Conference

When the White House Conference on Aging is held later this year, there will be no shortage of anecdotal stories accompanied by demographic information, comprehensive reports and recommendations, and a treasure-trove of data emanating from Connecticut, with the nation's 7th oldest population.  Officials received a preview this week at a public hearing that included these sit-up-and-take-notice items:

• Connecticut is undergoing a “permanent and historic transformation” in its demographics
• Between 2010 and 2040, Connecticut’s population of people age 65 and older is projected to grow by 57%, with less than 2% growth for people age 20 to 64 during the same period
• Residents born in Connecticut today can expect to live to be 80.8 years old—the third highest life expectancy in the nation.
• In Connecticut’s 65 to 69 year-old age group, 39% are in the labor force, as are 21% of Connecticut residents aged 70–74, and 7% of those 75 years and over. These rates are among the highest in the country

Those were among the facts highlighted by Julia Evans Starr, Executive Director of Connecticut’s Legislative Commission on Aging, which also explained that Connecticut, with the nation’s 7^th oldest population, will see that population grow dramatically in the coming decade.  By 2025, virtually every town in Connecticut will have 20 percent or more of its residents over age 65 – the largest percentage in state history. 

The White House Conference on Aging is held every 10 years, and has served as a key platform for the development of aging policy for the past 50 years.  Organizers are now holding a series of regional public forums around the country.  New England’s session will be in Boston later this month, and the testimony presented at the Connecticut State Capitol, in a forum sponsored by the state Department of Aging and the Legislative Committee on Aging, will be passed on to officials there.

Among those speaking in Hartford were Lieutenant Governor Nancy Wyman, State Aging Department Commissioner Betsy Ritter, and George Kuchel, Director of UConn’s Center on Aging.  AARP Connecticut Director Nora Duncan and Chris Fishbein of the Area Agencies on Aging also provided presentations.

Wyman, noting that life span is increasing, said "we have quantity of life, we want to make sure there is a quality of life."  In a theme that was repeated by others during the session, Wyman said that "we can change the way people are viewing people who are aging."

Nora Duncan, state director of AARP-CT, said the organization's focus will be on short-term actions that can have a more immediate impact, such as preventing exploitation, fraud and scams and providing information on financial products and improving retirement security.  Rose Biaggi of the state Department of Public Health pointed to the health disparities among the aging population, noting that 60% of older adults with the highest incomes indicate that their health is very good or excellent, while only one-quarter of those with lowest income feel that their health is very good or excellent.

Kuchel, who suggested that the nation may be at a “tipping point” regarding a national policy on aging, said the future focus needs to be:

• Proactive: There must be a focus on prevention and improvements in health and function across the lifespan.
• Predictive: We need tools to predict individual risk, target therapies and monitor success of interventions.
• Personalized: We must address differences at the level of each individual and time point in life as regards personal aging trajectories.
• Gerontology: Health care must always be defined by patient needs first, driven by science and supported by evidence

Common themes that have begun to emerge nationwide as the hearings have progressed, according to officials, include: how to ensure we prepare for financial needs in retirement; how to remain healthy as we age; what types of services and supports can help older Americans remain independent in the community as we age; and how to support this care and the caregivers who provided it; and how to protect older Americans from financial exploitation, abuse and neglect.

The co-chairs of the legislature’s Committee on Aging, Sen. Mae Flexer and Rep. Joe Serra, were to lead the session, with Flexer noting that “Older individuals want to remain in Connecticut and be active, independent members of their community.  How we accomplish this, how we fund it, what services we need to have in place – these are some of the questions we are seeking input on today.”

In testimony provided to the committee, the state’s Permanent Commission on the Status of Women indicated “women, who make up 58% of residents age 65 and over, are disproportionally impacted by economic insecurity as they age and are therefore much more likely to live in poverty than their male counterparts. In fact, 10.7% of women age 65 and over live in poverty compared with 6.2% of men.” PCSW also cited data that found Connecticut women are more likely to work in part-time jobs that don’t qualify for a retirement plan.

The legislative Commission on Aging also pointed out that “the comparatively low rate of older adults in poverty (8 percent) provides evidence that programs like Social Security and Medicare have been extremely effective at reducing poverty among this population and serves as a testament that these programs warrant continued support and modernization.”  Federal officials have noted that this year’s White House Conference on Aging takes place as the nation marks the 50^th anniversary of Medicare, Medicaid and the Older Americans Act, as well as the 80^th anniversary of Social Security.

CT-N coverage of the Connecticut forum on May 5, 2015.

Bigelow Tea Takes On Flavor of Girl Scout Cookies

Fairfield-based Bigelow Tea, celebrating its 70^th year of operation as a family-owned company, has teamed with the Girls Scouts of the USA in a licensing agreement that has put the popular Thin Mints and Caramel & Coconut cookie flavors in teas on shelves across the country. The teas are marketed as gluten free, sugar free and Kosher-certified and will be available for a limited time only, according to company officials. Bigelow produces 1.7 billion tea bags annually in 130 flavors, the company reported. Bigelow, which is privately held, employs 350 people in Fairfield; Boise, Idaho; and Louisville, Kentucky; as well as its Charleston Tea Plantation in South Carolina.

Bigelow President and CEO Cindi Bigelow is a former Girl Scout. “Once a Girl Scout, always a Girl Scout,” she said in a statement. “As a proud Girl Scout alumna, our two new tea temptations reflect the Bigelow Tea blenders’ never-ending quest to delight consumers with up-to-the-minute flavor innovations in a way that’s very special to me.”

Only about 5 percent of companies nationwide have female CEOs, including Cindy Bigelow, who has been involved with the family business in one way or another since she was a teenager.  Bigelow, who represents the third generation in her family to run the business, said it's the personal touch that keeps the company successful.  The company was founded in 1945 by Cindi Bigelow's grandmother, Ruth Campbell Bigelow.

“These delicious teas are made possible by a licensing arrangement with Girl Scouts of the USA and combine the renowned flavor blending expertise of the Bigelow Tea Co. with the time-honored exciting Girl Scout Cookie flavors we all know and love,” the company said. The company-suggested price is $3.99 per 20-bag box.

The Thin Mint tea “delivers the perfectly balanced mint and chocolate flavor of the Girl Scouts’ famous Thin Mints cookies” and the Caramel & Coconut tea is described as a “black tea blend offering a delectable taste combination of luscious caramel and coconut,” the company explained.

Tea has been increasing in popularity, and now ranks as the second most consumed beverage in the world, after water, according to the Tea Association of the U.S.A.  The wholesale value of tea sold in the U.S. grew from less than $2 billion in 1990 to more than $10 billion today.  Bigelow has about $150 million in annual sales, according to a company news release, but it claims 24 percent market share in the specialty teas category, making it the industry leader.

As CEO, Cindy Bigelow initiated the Annual Bigelow Tea Community Challenge that has donated over $1 million to local charities and participates in volunteer projects that include Habitat for Humanity’s Adopt-a-Home program. Under her leadership, the company was one of the first in Connecticut to install solar panels to offset energy usage, and she has implemented other innovations that have earned Bigelow Tea the distinction of being a Zero Waste to Landfill company.  Over the past several years, the company reports it has reduced our energy consumption by over 2.5 million kWh in the Fairfield plant through energy efficiency measures, resulting in a savings of over 2.7 million pounds of carbon, or the equivalent of planting 41 million trees.

As a family owned company for three generations, Bigelow Tea’s company culture includes a commitment to sustainability and fair business practices, "not only here at home but around the world.  That’s why we’re proud to be part of the Ethical Tea Partnership, an organization that works with tea growers to establish methods for responsible conservation of the world’s tea fields and improve the lives of the beautiful people who work the," the company website points out.

https://youtu.be/6xQVEtve_d4

Portions of this story originally appeared in the Fairfield County Business Journal

State Tourism Front and Center in Connecticut with Conference, Television Ads

Connecticut may be facing tough budgetary decisions, but unlike a handful of years ago when tourism promotional efforts were virtually eliminated in the midst of a recession, the state’s tourism initiatives are gaining renewed attention. The Connecticut Department of Economic and Community Development (DECD), Office of Tourism will host a 2015 statewide tourism conference for industry professionals in the state’s leisure, hospitality and tourism sector on May 12.  The all-day Connecticut Governor’s Conference on Tourism will run from 8 am to 4 pm at the Connecticut Convention Center in Hartford.

The goal of the conference is to bring together professionals from every aspect of Connecticut’s tourism industry — including hotels, restaurants, casinos, tourist attractions, entertainment venues, historic sites, and cultural and arts institutions — to share best practices and learn from national tourism and travel experts.  The statewide conference is managed by the DECD Connecticut Office of Tourism in partnership with the Connecticut Convention & Sports Bureau.

This day-long industry conference will feature speakers presenting the latest research and best practices, sessions for industry professionals, an overview of the state’s higher education resources,  a focus on New York City meeting planners, experts on capturing a share of the international tourist market, ways to maximize use of social media, Tourism Awards for outstanding industry leaders, and an array of workshops on areas including mobile marketing and group bus tours, as well as an exhibition of the most innovative products and services in the tourism sector, according to state officials. Cost for the conference is $99, for industry professionals.

In addition, the conference will feature a special report on the results of the state’s still revolutionary campaign over the last three years. The keynote speaker will be Peter Yesawich of MMGY Global, a travel marketing expert who will share research-driven insights about the very latest trends in the travel industry and how they can affect Connecticut’s tourism efforts.

Traveler spending of $8.3 billion generated $14 billion in economic activity statewide in 2013, according to a study released recently by the office of Gov. Dannel P. Malloy.  The study shows funds generated directly, through traveler spending, or indirectly, as employees, businesses and other beneficiaries turned around and paid for goods and services. Travelers to Connecticut destinations spent 3.0% more in 2013 than in 2012.  Of all Connecticut travelers in 2013, nearly two-thirds were day travelers (66%). The tourism sector supported more than 118,500 jobs in 2013, according to a recent state report.

The state’s tourism efforts are also quite visible on television, with a series of promotional commercials highlighting various attractions in the state.  Standard Directors, a Greenwich-based live action production company, is producing a series of six on-air commercials for the Connecticut Office of Tourism, working in conjunction with Avon ad agency Adams & Knight.

The campaign features six spots across the state that highlight Connecticut’s small towns, parks, beaches, vineyards and sightseeing attractions. Standard Directors was founded in 2013 and creates commercials for local, state and national companies and agencies. Among the attractions featured in the commercials are Silverman’s Farm in Easton, Mystic Aquarium, Craig Castle in Meriden and Hartford Stage.

“This campaign is entirely location driven, pairing two locations in the state that can be visited in one day, without having to travel too far, by families, couples and friends,” said Brian Bennhoff, partner and executive producer, Standard Directors, and a New Canaan resident. “We spent a lot of time … selecting beautiful locations that represent the state.”  Philip McIntyre, a Greenwich resident and partner in Standard Directors, said the majority of the 20-plus person crew were local hires and all 19 actors were local talent. Editing, he said, was done both at Standard Directors’ office on West Putnam Avenue and at Palace Production Center in South Norwalk, according to the Fairfield Business Journal.

Lead sponsors for the Tourism Conference on May 12 include Foxwoods, Mohegan Sun, Waterford Hotel Group and the Connecticut Convention Center.

https://youtu.be/JHSPwk-Y4RM

https://youtu.be/jINU9kBKOrM

Connecticut Has Most Disengaged Employees; State Tied for Last Place in Gallup Survey

Actively disengaged employees are not just unhappy at work, these employees undermine the accomplishments of their engaged coworkers. They monopolize managers' time, account for more quality defects and quit at a higher rate than engaged employees. No state in the nation has more actively disengaged workers than Connecticut, according to a new two-year survey by the Gallup organization, for the period January 1, 2013 through December 31, 2014.

There is a four-way tie between Connecticut, New York, Michigan and Kentucky for the highest percentage of actively disengaged workers – 21 percent in each state, according to the Gallup survey. Residents of South Dakota, Wyoming, Alaska and Vermont reported the lowest percentages of actively disengaged workers, each with less than 15 percent. The national average for 2013-2014 was 18 percent active disengagement.

On the other side of the ledger, workers in Montana (39%), followed closely by those in Mississippi (37%) and Louisiana (36%), had the highest levels of employee engagement in 2013 and 2014. With 22 percent of workers engaged, the District of Columbia had the lowest employee engagement, followed by New York, Minnesota and Connecticut. Nationally, 31 percent of workers were engaged during this time period.

Gallup identifies workers as engaged, not engaged or actively disengaged based on their responses to items that assess key workplace elements found to predict important business outcomes.

• Engaged employees are involved in and enthusiastic about their work and workplace. Day after day, they are passionate about their jobs and feel a profound connection to their company. They are more productive, drive innovation and promote organizational growth.
• Not engaged employees are essentially "checked out." They demonstrate less concern about customers, productivity and profitability. They do not own or feel passionately about their work.
• Actively disengaged employees are not just unhappy at work; these employees undermine the accomplishments of their engaged coworkers. They monopolize managers' time, account for more quality defects and quit at a higher rate than engaged employees.

In its analysis, Gallup points out that “Active disengagement tends to be more highly related to labor market trends such as unemployment, underemployment and letting people go.” Previous Gallup research has indicated that employees in very small companies (fewer than 10 employees) have higher rates of engagement and lower rates of active disengagement – which Gallup suggests may be related to the psychological ownership and autonomy that is often present in small companies.

Rates of unemployment and underemployment are also associated with variation in engagement, Gallup’s analysis points out. Recent employment statistics and overall U.S. workforce trends suggest that active disengagement has declined in line with decreases in unemployment and underemployment.  Connecticut’s economic recovery has lagged, although the number of jobs created has steadily climbed.

Clueless: Many College Students Don’t Understand How Much Debt They’re Accumulating

With much public attention focused on the increasing costs of college education and the ever-growing levels of student loan debt saddling graduates of higher education institutions, recent research into what students understand – or don’t understand - about their debt is raising some concern. A significant share of undergraduate college students, it turns out, do not realize how much they are paying for college or how much debt they are taking on to do so.  That is the conclusion of a study of college students’ awareness of their level of debt as they accumulate various loans to pay for their higher education.

The report, by Brookings Institution, found that “about half of all first-year students in the U.S. seriously underestimate how much student debt they have, and less than one-third provide an accurate estimate within a reasonable margin of error.”

Surprisingly, among students with federal loans, 28 percent reported having no federal debt and 14 percent said they didn’t have any student debt at all, the researchers found. “Enrolled college students,” the report says, “do not have a firm grasp on their financial positions, including both the price they are paying for matriculation and the debt they are accruing.”

Improving the college search process by making college costs more transparent to potential students and their families has been a primary focus of recent higher education policy efforts, the Brookings report points out. “But the importance of this information does not end at the university gates,” the report states.

In the analysis, study authors Elizabeth Akers and Matthew Chingos of the Brown Center on Education Policy at Brookings find that:

• Only a bare majority of respondents (52 percent) at a selective public university were able to correctly identify (within a $5,000 range) what they paid for their first year of college. The remaining students underestimate (25 percent), overestimate (17 percent), or say they don't know (seven percent).
• About half of all first-year students in the U.S. (based on nationally representative data) seriously underestimate how much student debt they have, and less than one-third provide an accurate estimate within a reasonable margin of error. The remaining quarter of students overestimate their level of federal debt.
• Among all first-year students with federal loans, 28 percent reported having no federal debt and 14 percent said they didn’t have any student debt at all.

The report suggests that without a solid understanding of the financial situation, “it’s unlikely that students will be able to make savvy decisions regarding enrollment, major selection, persistence, and employment. Without knowledge of their financial circumstances, a student with a large sum of debt might be unprepared to compete for the jobs that would pay generously enough to allow them to repay their debt without having to enter an income-based repayment program.”

The report also concludes by noting that “many students look back on their educational experiences with some regret about the financial circumstances. Some wish they had not gone to college in the first place, while others wish they had borrowed less or earned a different degree. The lack of literacy about the personal finances of college going is almost certainly leading some students into decisions that they later come to regret. The problem with the lack of financial savvy among enrolled college students is that the consequences of their decisions come as a surprise to them once it’s too late.”

The Brookings Institution is a private nonprofit organization devoted to independent research and innovative policy solutions.  The mission of the Brown Center on Education Policy at Brookings is to bring rigorous empirical analysis to bear on education policy in the United States. The primary activities of the Brown Center are based on quantitative social science, and are responsive to the immediate interests and needs of those who participate in policymaking.