CT Start-Up Wins MassChallenge, Takes Home $300,000 to Advance Work in Glucose Monitoring

Connecticut-based Biorasis, with roots at UConn, was recently awarded the MassChallenge’s top prize at their annual awards ceremony in Boston.  The company was one of only four “Diamond Winners,” receiving a cash prize of $100,000. They were also one of two teams to receive the Sidecar Award, providing an additional $200,000 in non-dilutive funding. Biorasis Inc. is a rapidly growing medical device company committed to advancing the field of metabolic monitoring through development of implantable biosensor platforms and basic research in the areas of drug delivery, nanotechnology and microelectronics.  The company’s goal is to vastly improve the quality of life of diabetics.

The technology developed by Biorasis, the Glucowizzard™, is an ultra-small implantable biosensor for continuous, reliable glucose monitoring. This needle-implantable device wirelessly transmits glucose levels to a watch-like unit for real-time display, which in turn communicates with personal digital accessories like a smartphone. Continuous metabolic monitoring “holds great potential to provide an early indication of various body disorders and diseases,” the company website explains, adding that Biorasis’ implantable multi-sensor platform is “capable of such real-time, continuous monitoring.”

Biorasis is in the business of developing a miniaturized, hypodermic-injectable biosensor for reliable continuous glucose monitoring (CGM) with autonomous operation for 3-6 months that requires no user intervention.

Their solution “eliminates surgery for sensor implantation and extraction, restores active life style, enables remote care for juveniles and the elderly, enhances compliance, and saves 50-70% in annual healthcare costs.”

The company’s co-founders and scientific advisors are:

• Faquir Jaina, a Professor of Electrical & Computer Engineering at the University of Connecticut. He has over 35 years of experience in design, modeling and fabrication of micro/opto-electronic devices, integrated circuits and multiple quantum-well light valves/modulators.
• Fotios Papadimitrakopoulos, a Professor of Chemistry and Associate Director of the Institute of Materials Science at University of Connecticut. He has over 20 years of experience in the areas of polymers, nano/bio-systems and supramolecular assembly of nanostructures.

The company continues to grow, and their scientific team is currently expanding. The Biorasis website indicates that the company is seeking individuals with “a proven track record and experience in the areas of medical devices, electrochemistry, polymer science, pharmaceutics, animal studies, microelectronics and device packaging.” Inquiries can be directed to Biorasis at the UCONN Technology Incubation Program in Storrs.  Additional investors are also being sought.

MassChallenge, an independent nonprofit organization, envisions “a creative and inspired society in which everyone recognizes that they can define their future, and is empowered to maximize their impact.” They note that “novice entrepreneurs require advice, resources and funding to bring their ideas to fruition. Currently there is a gap between the resources these entrepreneurs need and the ability of the entrepreneurial ecosystem to provide them.” To bridge that gap, the organization’s primary activities include running an annual global accelerator program and startup competition, documenting and organizing key resources, and organizing training and networking events.  They “connect entrepreneurs with the resources they need to launch and succeed immediately.”

CT is a Top-10 State in Energy Efficiency, Recent Growth of Solar Power Capacity

An annual ranking from the American Council for an Energy-Efficient Economy (ACEEE) rated Connecticut among the top ten energy-efficient states in the country along with Massachusetts, California, Vermont, Rhode Island, Oregon, Maryland, Washington, and New York, with Minnesota and Illinois tied for 10th place. Connecticut was noted for its financial incentives and energy efficiency investments. The state  ranked 6th in the 2015 State Energy Efficiency Scorecard, the same position it held in 2014. The state also earned the same number of points as it did in 2014, totaling 35.5 points out of 50.

According to the report, “Connecticut’s leadership is committed to pursuing policies that encourage energy efficiency within the state, although processes like building code adoption have moved relatively slowly in recent years. Connecticut has put significant resources behind the launching of its green bank. While there are signs of early success, these projects will need to be closely tracked as other states look to Connecticut as an example. Connecticut will need to realize even higher levels of savings in the future in order to remain in the top tier and meet state energy savings targets.”

Connecticut earned 15 out of 20 points for its utility policies and programs, 6 points out of a possible 10 points for transportation policies, 5 points out of 7 for its building energy code stringency and compliance efforts, earned 3 points out of 4 for its combined heat and power policies and programs, 5.5 out of 7 points for state-led energy efficiency initiatives, and 1 point out of 2 for appliance standards.

At the bottom of the list were Mississippi, South Dakota, Louisiana, Wyoming and North Dakota.

The ACEEE also developed a similar rating system for the nation’s largest cities, ranking the top 50.  Leading the list were Boston, New York City, Washington, San Francisco, Seattle, Chicago, Minneapolis, Portland, Austin and Denver.  The only Connecticut city to crack the top 50, Hartford, ranked at number 45.  Connecticut’s Capitol City earned 23 points out of a possible 100, in an analysis that included local government operations, community-wide initiatives, building policies, energy & water utilities, and transportation.

The report noted that “policymakers, regulators, and citizens are increasingly recognizing that energy efficiency is a crucially important resource. States and localities are leading the way when it comes to implementing energy-efficient policies and programs.”

The American Council for an Energy-Efficient Economy (ACEEE), a nonprofit, 501(c)(3) organization, acts as a catalyst to advance energy efficiency policies, programs, technologies, investments, and behaviors. The organization believes that “the United States can harness the full potential of energy efficiency to achieve greater economic prosperity, energy security, and environmental protection for all its people.”

Another  recent study, “Lighting the Way III: The Top States that Helped Drive America’s Solar Energy Boom in 2014,” by the research and policy arm of Environment Connecticut finds Connecticut ranks 10th nationally for solar power capacity per capita installed in 2014, with 13 watts of solar electric capacity per person installed last year. Nevada led all of the states in 2014, with 119 watts per capita, according to the study. Part of this success is credited to supportive state policymaking.  The organization points out that “solar power has tripled in the U.S. in the last two years, with another American family or business going solar every four minutes.  That’s in part because the price of solar has dropped more than 50 percent since 2011.”

They add that “research shows the cities and states with the most solar power aren’t necessarily the ones with the most sunshine; they also include states with smart pro-solar policies.  States like Connecticut have outpaced sunnier locales like Florida because of policies that allow increasing numbers of homeowners, businesses, communities and utilities to go solar.”

olar power in Connecticut has grown 221 percent per Capita since 2012, ranking the state 13th in the nation, the report points out. The top solar growth states in the nation, like Connecticut, have adopted renewable energy requirements, strong laws allowing solar customers to sell their excess power to the electric grid, and other policies encouraging growth of the industry, the report indicates.  The industry is also adding jobs much faster than the overall economy, employing 1,600 people in Connecticut last year, according to www.solarstates.org

“Demand for solar power in Connecticut is growing exponentially,” said Bryan Garcia, President and CEO of the Connecticut Green Bank. “Consumers continue to demand solar power despite a 70 percent reduction in state incentives. In fact, increased private investment has enabled the market to offer lease and loan products that deliver immediate positive cash flow to consumers. This makes solar PV a cleaner, cheaper and more reliable alternative."

Bipartisan legislation signed by Governor Malloy earlier this year lays a foundation for continued growth of solar power, and jobs, in Connecticut, Environment Connecticut points out, citing the stated goal of building enough residential solar systems to power over 40,000 homes in the state by 2022.

Economic Divide Evident in Comprehensive Statewide Survey; Residents Generally Happy in CT, But 1/3 Face Barriers, Financial Challenges

The largest-ever quality of life survey of Connecticut residents, conducted during the past six months,  has found that four out of five adults report feeling happy and satisfied with where they live; but one-third of adults report just barely or not getting by financially.  The disparities in quality of life across the state’s population were a constant running through the survey results. In-depth interviews were completed with 16,219 randomly-selected adults in every Connecticut city and town. Although Connecticut does well when compared to national and international averages of health, income, and education, survey officials said, results reflect that disparities are still great, with a sizeable share of residents continuing to face significant barriers to economic success, safety, health, and other critical aspects of well-being.

The 2015 DataHaven Community Wellbeing Survey, which asked more than 100 questions of survey respondants, created a detailed portrait of social and economic conditions in towns throughout Connecticut and adjacent sections of New York State.  DataHaven, a non-profit group leading the collection and study of neighborhood-level public data on key social and economic trends, undertook the survey with assistance from Sienna College in New York. It is said to be the most intensive effort of its kind in the United States, according to the survey’s leaders.  Among the key findings:

• 74% of men and 75% of women in Connecticut report feeling mostly or completely happy during the previous day. However, this measure varied widely by income, ranging from 53% among adults earning less than $15,000 per year to 89% among adults earning $200,000 or more.
• Although official unemployment rates have fallen substantially since 2012, 14% of Connecticut workers are still considered “under-employed,” meaning that they have no job and would like to work or they are currently working part-time but would prefer to have a full-time job. Within the Greater New Haven region, the “under-employment” rate among workers fell from 21% in 2012 to 13% in 2015.
• Two-thirds (66%) of Connecticut residents say that they are either doing alright or living comfortably when asked how they are managing financially these days. However, 11% are finding it difficult or very difficult, and an additional 21% say that they are just getting by.
• Many in Connecticut still struggle to afford food, adequate housing, and reliable transportation. One out of every ten adults identifying as white or Asian-American, and one out of every four adults identifying as African-American or Latino, reported that they did not have enough money to buy food for themselves or their family at some point during the past 12 months – in some cases, facing this situation almost every month of the year. About 6% of adults reported that they did not have enough money to provide adequate housing for themselves or their family, and 13% reported a lack of reliable transportation, at some point in the past year.

“The purpose of the DataHaven Community Wellbeing Survey is to produce the highest-quality, neighborhood-level information on issues that are most meaningful to local residents,” explained Mark Abraham, Executive Director of DataHaven.  Abraham also pointed out that “the initiative is helping to strengthen collaborations between dozens of organizations and agencies that are working together to measure social progress and improve population well-being at the statewide and local levels.” The metrics in the survey complement traditional statistics on topics such as employment, personal income, reported crimes, tax base, and industry output.

More than 50 of Connecticut’s leading foundations, hospitals, community institutions, and government agencies have supported the survey initiative.  Major funders are located in Hartford, New Haven, Bridgeport, Stamford, Waterbury, New Britain, Norwalk, Danbury, Greenwich, Middletown, Derby, Bristol, Norwich, New London, Manchester and other cities across the state.

The survey also found that residents of some urban neighborhoods have substantially lower rates of overall satisfaction with where they live as well as much greater concerns about government responsiveness, police effectiveness, and public services. On the other hand, cities such as Stamford, Norwalk, Bridgeport, and New Haven have relatively higher proportions of adults who are optimistic that their neighborhood is improving, and residents of higher-income neighborhoods within these city centers are in some cases significantly more satisfied with local quality of life than the average resident.

"The Connecticut Council for Philanthropy along with other funding partners invested in the first ever statewide Community Wellbeing Survey, a scientific survey of the state’s entire adult population that will provide timely, powerful knowledge about our communities and enable us to better know the people and places we care about,” added Maggie Osborn, President of the Connecticut Council for Philanthropy.

In a departure from most statewide and national surveys, officials said, the DataHaven program brings together existing grassroots efforts across the state – effectively unifying more than a dozen pre-existing regional or local surveys into a single, high-quality effort that now covers all areas in Connecticut. The power of the survey results was greatly enhanced both by the number of respondents, as well as by having the same questions being asked of respondents in many different areas.

DataHaven designed its 2015 Community Wellbeing Survey with the support of nearly 100 local government, academic, health-care, and community partners as well as a panel of epidemiologists and survey research experts. The 20-minute survey, conducted by the Siena College Research Institute (SRI) in Loudonville, New York, involved landline and cell phone interviews with nearly 17,000 randomly-selected adults throughout Connecticut and adjacent sections of Westchester County between April and October, 2015.

Sciences at Southern Get Dynamic New Home; Local Companies Help Along the Way

Students attending Southern Connecticut State University this semester are the first to use the campus’ new Academic Science & Laboratory Building, opened this fall, with local companies playing an integral role from design and construction to providing scientific equipment for the new facility. Officials say Southern's ongoing expansion of its science programs has been greatly enhanced with the construction of the 103,608-square-foot, four-level academic and laboratory science building. Situated adjacent to Jennings Hall, the existing home for the sciences on the New Haven campus, the new building extends the university’s capacity to educate more students in the STEM disciplines – science, technology, engineering and mathematics.

The new science building also features a high-performance computing lab for research in theoretical science, bioinformatics, and computer science, two aquaria, and six rooftop telescope stations.  A collaboration between Southern and PerkinElmer, based in Massachusetts and with offices in Shelton, has also provided a boost. Equipment includes several analytical instruments to improve research capabilities and provide students with opportunities to do cutting-edge work.

Configured in the shape of an “L,” the new building works in concert with two pre-existing science buildings — Jennings and Morrill halls — to enclose a new “science enclave.” With very visible scientific displays and instrumentation inside and outside the building, the new center has quickly assumed a symbolic as well as actual role for the sciences on campus.

Embracing innovative sustainable design, it houses teaching and research training laboratories for nanotechnology, physics and optics, the earth sciences, the environmental sciences, cancer research, astronomy, molecular biology and chemistry.

“Built to the latest standards in sustainability, this signature building will truly enhance our ability to foster the next generation of Connecticut scientists,” Southern president Mary A. Papazian said at last month’s ribbon-cutting ceremony.

The Werth Center for Marine and Coastal Studies –named in honor of the Werth family following a $3 million gift from the Werth Family Foundation -- is housed on the second floor.  The center will have several new labs, including an analytic lab (where mercury levels can be determined) and a sediment coastal science lab (where levels of sediment can be tested).

The Center for Nanotechnology will be located on the ground floor, where the laboratory space is designed to isolate the building's vibrations -- considered important when dealing with microscopic materials.  A saltwater aquaria room with a touch tank is featured in the new building, providing a “centerpiece of outreach to area schools and the community.”

The building includes expanded wings for Earth Science, Environmental Science, Molecular Biology, Chemistry, and Physics teaching and research laboratories.  There are scientific displays throughout, illustrating the research interests of faculty and the students, including a replica of a nanotube — a focal point in the center of the building.  Rain water collection, which is being used to water the science quad and faculty garden was also integrated into the design. Designed for LEED Silver certification, many sustainable design features can be seen throughout the building’s footprint.

PerkinElmer delivered instruments and services “designed to help improve human and environmental health,” Christine Broadbridge, SCSU’s director of science, technology, engineering and math initiatives, recently told the Fairfield County Business Journal. “At Southern, we are proud to have a strong relationship with PerkinElmer, an important leader of business and science here in Connecticut.”

Ted Gresik, senior director of PerkinElmer, expressed his appreciation in being given the opportunity to work with Southern and accelerating its science through access to its innovative technologies.  At the ribbon-cutting, he said “We recognize the opportunity for Southern Connecticut State University and Perkin Elmer to work together on research, and technology initiatives toward developing programs where students can acquire a diverse set of scientific and technical skills which will facilitate a transition to career opportunities within the science industry.”

Plans for the new Academic Science & Laboratory Building at Southern began back in 2007 with a comprehensive 10-year capital improvement plan, dubbed CSUS 2020, for upgrading the four institutions of the Connecticut State University System.  Approved by the state legislature and signed into law by Gov. M. Jodi Rell, the plan was developed during the administration of Chancellor David G. Carter.  It included upgrades and repairs to existing facilities, as well as construction of a new Visual & Performing Arts Center at Western Connecticut State University, which opened in September 2014, a new academic and classroom building at Central Connecticut State University, which opened two years ago, and a Fine Arts Instructional Center at Eastern Connecticut State University, scheduled to open early next year.

The Science Building at Southern was designed by Centerbrook Architect and Planners of Centerbrook, CT, with construction by FIP Construction of Farmington.  (see video about the Academic Science & Laboratory Building)

Hartford, Stamford Among Nation's Most Congested Highways

A new study by the American Highway Users Alliance identifies America’s 50 worst bottlenecks and finds that the very worst bottleneck, as measured by hours of delay, is in Chicago, IL. Los Angeles, CA owns the next six of the top 10.  While Connecticut’s highways did not reach the top 50, two bottlenecks did receive honorable – or dishonorable – mention. The I-84 section in Hartford between Trumbull Street and Park Street, and the I-95 section in Stamford between Fairfield Avenue and Elm Street, both made the list of 43 “Other Zones of Congestion” in the U.S. -thereby earning status as among the nation's 100 most congested traffic tie-ups.  According to the data, the average length of the back-up in Hartford is 1.4 miles; in Stamford 1.3 miles.  The average total annual delay at the Hartford bottleneck is 705,000 hours; in Stamford 494,000 hours of lost productivity.

Speaking at the American Highway Users Alliance press conference where the report was released, U.S. Transportation Secretary Anthony Foxx said, “This report furthers the unassailable truth that America is stuck in traffic. The good news is that this problem is solvable, and Congress can be part of the solution. As a long-term surface transportation bill moves through conference, I urge our elected leaders to provide the funding growth and policies that are necessary to improve commutes, to raise the bar for safety, and to keep the country moving in the 21st century.”

Hartford and Stamford were among 43 “zones of congestion” around the country that were noted in the report in addition to the top 50.  The report indicated that “although congested, the worst segments of highway do not have the same severe delays/mile as the nationally ranked bottlenecks.”  They are, the report points out, in many cases “the most congested in their states.”

I-84 in Hartford may be receiving a re-make over the next decade.  The Department of Transportation is in the midst of determining the preferred option among three possibilities - to replace the I-84 raised viaduct or replace it with a ground-level highway or dig a tunnel.  The various options have been presented in a series of public meetings in recent months, and a decision is anticipated early next year.

The work, which has yet to be funded, is likely to include moving or eliminating some exits and entrances – and possibly adding others in new locations - to improve traffic flow.  Cost estimates range from $4 billion to $12 billion, depending on the option selected. Upcoming public meetings are to be held in East Hartford on Dec. 2 and Hartford on Dec. 10.

In the top-ranked Chicago traffic bottleneck highlighted in the report, the Kennedy Expressway (I-90) between the Circle Interchange (I-290) and Edens junction (I-94), was found to extend 12 miles, costing motorists 16.9 million hours’ worth of time, equivalent to $418 million in 2014. More than 6.3 million gallons of fuel is wasted on I-90 while cars idle or crawl in traffic.

Besides identifying and ranking the nation’s 50 worst traffic bottlenecks, the study, Unclogging America’s Arteries 2015, examines the top 30 chokepoints closely and details many of the major benefits that will accrue to society by fixing them. In addition to improving mobility and quality of life for motorists, the report indicated that fixing the top 30 bottlenecks alone would, over 20 years:

• Save $39 billion due to lost time,
• Save 830 million gallons of fuel,
• Reduce over 17 billion pounds of greenhouse gas emissions (CO2), and
• Prevent 211,000 vehicle crashes

“These findings are critically important and mean that our nation will derive huge benefits from fixing the worst gridlock in our nation’s highway system: benefits that go way beyond improving mobility for highway users,” states Greg Cohen, President and CEO of the American Highway Users Alliance.

Amongst the top 10 was New York City with the 8th and 9th worst bottleneck at the notorious Lincoln Tunnel and on I-95 from Manhattan across the Bronx. Metropolitan New York also had the 18th, 19th, 21st, 31st, 33rd, 37th, and 42nd – ranked chokepoints.

As for the bottlenecks themselves, the study’s top 50 list includes trouble spots in the following Metropolitan Areas: 12 in Los Angeles, 9 in and around New York City, 3 in Chicago, 3 near Washington DC, 3 in Houston, 3 in Boston, 3 in Dallas, 3 in Miami, 2 in Atlanta, 2 in Philadelphia, and 2 in San Francisco/Oakland.

The report notes that bottlenecks can be fixed and points to specific chokepoints that have been addressed and, as a result, were not included in the rankings. Projects cited include the Woodrow Wilson Bridge replacement on I-495 in the Washington, DC area, the Marquette Interchange in Milwaukee, and the Katy Freeway reconstruction in Houston.

GE Expands CT Presence by Acquisition As Headquarters Decision Pending

Even as Connecticut awaits a decision from General Electric as to whether the company headquarters will remain in the state, GE has expanded its Connecticut footprint by acquisition.  In what has been described as the largest industrial investment in the company’s history, GE has acquired the power and grid business of France-based Alstom, with a considerable presence - about 1,000 jobs - in Windsor and Bloomfield. “The acquisition of Alstom is the biggest industrial investment GE has ever made, and it’s critical to the transformation we are making in the company, the new GE website highlighting the deal, and its impact on GE, proclaims.

The sweepstakes for the GE headquarters, in Fairfield for four decades, has seen nearly a dozen governors making a pitch, but published reports indicate that of the frontrunners, Manhattan has surpassed Atlanta, with staying put the other leading possibility.  There is no word on when the company anticipates making a decision, and what the impact might be on the 800 local GE jobs and area businesses, industries and organizations might be.

Just this past August, Alstom dedicated its new 100,000 square foot Clean Energy Lab in Bloomfield, a state-of-the-art research and development facility with a mission of investigating and innovating global solutions for clean power generation.

Attending that inaugural celebration were Connecticut Governor Dannel Malloy, Christopher Smith, Assistant Secretary for Fossil Energy at the U.S. Department of Energy, and Catherine Smith, Commissioner of the State Department of Economic and Community Development, as well as the mayor of Windsor and deputy mayor of Bloomfield, along with various officials, partners and customers.

The celebration also included a tour of the lab’s research and development projects.  Employees from Alstom’s nearby Windsor, campus, where the company employs more than 1,000 people, also attended tours of the new facility.

"Alstom's expansion here in Connecticut and the establishment of their new Clean Energy Lab in Bloomfield represents another step in our state's efforts to become a leader in growing the cutting edge, green, sustainable energy jobs that will lead tomorrow's economy," Governor Malloy said in August.

GE’s acquisition of Alstom's energy business brings together two of the world's biggest manufacturers of power plant hardware and is crucial to GE's plans to increase its focus on industrial operations and shift away from finance, Reuters recently reported.  The deal received regulatory approval in the U.S. and Europe earlier this fall, and included some divestment by Alstom in Europe to gain regulatory approval.

“GE and Alstom have a rich and similar history, built on engineering, innovation and technology,” the new website points out, “the acquisition of Alstom’s power & grid businesses is an important step in GE’s transformation to a Digital Industrial Company, one that is changing industry with software-defined machines and solutions that are connected, responsive and predictive.

The combination is already drawing notice in the industry.  Today (Nov. 17) in Paris the company introduced its new Renewable Energy business at the European Wind Energy Association’s 2015 Annual Event. GE indicates that the new unit significantly expands GE’s wind portfolio in the wake of the recent acquisition of Alstom’s power and grid businesses.

“With the creation of our new business, GE now has one of the world’s largest renewable energy footprints, and our goal is to help drive the wind industry forward by drawing on the shared expertise of two innovative companies,” said Jérôme Pécresse, President & CEO of GE Renewable Energy.

With more than 300,000 people operating in 175 countries, GE is now described as the world’s Digital Industrial Company.  As for the newly merged company’s presence in Windsor/Bloomfield and Fairfield, the website suggests “Alstom and GE presence in complementary geographies will create more opportunities for customers by increasing local presence & capabilities.”

Where the company’s headquarters will be as that evolution continues remains an open – but apparently narrowing - question.

State Economy Stagnating, Residents Have Less Optimism but Fewer Plans to Leave, Survey Shows

Connecticut residents generally view the state’s economy as stagnating, even as a majority consider the state a good place to live and raise a family, and fewer residents say it is likely that they will move out of the state. According to the latest quarterly Connecticut Consumer Confidence Survey, those who view the Connecticut economy as improving has dropped by 10 points between the end of March and the end of September, from one-third of those surveyed (33%) to less than one quarter (23%).

An increasing percentage of state residents consider business conditions as having worsened during the past six months, and fewer think business conditions will improve in the next six months, as compared with the March survey.  Only 22 percent believe that conditions have improved during the past six months, and 74 percent believe business conditions will stay the same or worsen during the next six months (53% stay the same, 21% worsen).

Administered for InformCT by the Connecticut Economic Resource Center, Inc. (CERC) and Smith & Company, the analysis is based on the responses of residents across Connecticut and addresses key economic issues such as overall confidence, reactions to housing prices, upscale consumer purchases, leisure spending and current investments. The research provides a measure of the strength of the Connecticut economy as well as a gauge of select economic factors, officials said.

Reflecting the diminishing consumer confidence in the state’s economy, the percentage who would make a major consumer expenditure has also dropped 10 points since the end of the 1^st quarter – from more than 1/3 to just one-quarter (26%).  Nine in ten state residents believe that there are not enough jobs in Connecticut or that jobs are very hard to get, and those percentages have nudged upwards through the year.

“A higher percentage of respondents have accepted the fact that business conditions “are what they are” and are not going to change soon. This feeling is also reflected in the ‘not improving’ job market,” said Alissa DeJonge, Vice President of Research at CERC.

Nonetheless, those who live in Connecticut are more inclined to stay, according to the survey.  Those who say it is likely they’ll move out in the next 5 years has shifted dramatically between March and September. At the end of the first quarter, in March, there was an even split, 39%-39% on the likely to stay or go question.  The latest data indicates that a 12 point differential has developed, with 46 percent saying it is unlikely (either somewhat unlikely or very unlikely) that they will move out in the next five years, and only 34 percent respond that moving is likely.  The largest segment, one-third of those surveyed, say a move out of Connecticut is very unlikely.

The survey also found that a narrow majority agree that Connecticut is a good place to live and raise a family (51 percent), although the percentage who "strongly agree" has declined by 2 percentage points in each of this year’s quarterly surveys and now stands at 14 percent.

Among other economic indicators, the percentage concerned about being able to afford health insurance has edged up slightly, from 53 percent to 55 percent, those who anticipate refinancing or purchasing a home in the next six months dropped from by one-third, from 18 percent in the first quarter of the year to 12 percent by the end of the third quarter.   Interestingly, buying a car appears immune to economic outlook – the percentage who anticipate that purchase in the next six months  has been nearly identical in each quarterly survey this year.

“Many feel that they are worse off now than 6 months ago and this downward spiral may continue through the next 6 months,” added Stephen A. Smith, President of Smith & Company. “In addition, many do not feel that the Connecticut economy is improving and over half continue to express concern about their ability to retire comfortably.”  In the survey, 55 percent indicated they do not believe they will “have enough money to retire comfortably,” up from 51 percent in March and 53 percent in June.

As the state moves forward with major investments in transportation, the percentage who believe traffic congestion is severe enough to justify tolls on major highways hasn’t budged all year – only one-quarter agree.  The percentage of those who disagree has decreased slightly – from 56 percent to 50 percent, with 6 percent shifting to the “not sure” category between the first quarter and third quarter surveys.

InformCT is a public-private partnership that currently includes staff from CERC and the Connecticut Data Collaborative.  CERC, based in Rocky Hill, is a nonprofit corporation and public-private partnership that provides economic development services consistent with state strategies, leveraging Connecticut’s unique advantages as a premier business location. Smith & Company LLC is a market research firm.  More information about the survey, and subscribing, can be found at www.informct.org.

Front Seat Passengers Could Be Killed; Repairs for CT Cars May Take Until 2019

Connecticut drivers – likely numbering in the thousands - have been advised not to allow anyone to ride in the front passenger seat of their car, due to the risk of an airbag explosion that could be deadly. A nationwide recall of cars with airbags supplied to automakers by Takata Corp. is being handled differently in different parts of the United States, and it appears that Connecticut and the Northeast have the longest waits – already more than six months in some cases.

And the wait may not nearly be over.  Deadlines for repairs to the 19 million vehicles under recall nationwide will run through 2019, according to federal officials.  The NHTSA website indicates that “completion deadlines for fixing the 19 million vehicles under recall will begin in 2017 and end in 2019.”

An April letter sent by Toyota to owners of its affected vehicles in Connecticut read in part “we will send you another notification once sufficient parts have been produced and the remedy can be performed. Until the remedy becomes available in your location, we recommend that you do not operate the vehicle with an occupant in the front passenger seat.”

The potentially fatal malfunction, according to the National Highway Transportation Safety Administration (NHTSA), is that the inflator can causes its air bag to explode. The letter indicated that “in the event of an inflator rupture, metal fragments could pass through the air bag cushion material, striking the vehicle occupants potentially resulting in serious injury or death.”

Last week, U.S. auto safety regulators fined Takata Corp. of Japan $70 million for lapses in the way it handled recalls of millions of explosion-prone air bags that are responsible for eight deaths and more than 100 injuries worldwide.  It is the largest civil fine in NHTSA history and marked the first time the agency used its authority to accelerate recall repairs. Regulators also ordered Takata to stop making the air bag inflators unless the company can prove they are safe, NBC News reported.

So far, about 23.4 million driver and passenger inflators have been recalled on 19.2 million U.S. vehicles sold by 12 automakers, the network reported. Connecticut Senator Richard Blumenthal responded that the $70 million fine seems like a slap on the wrist and should be larger.  The penalty “provide(s) no meaningful deterrence for continuing reprehensible and irresponsible behavior that costs countless preventable injuries and lives,” Blumenthal said.

The company, and impacted automakers, are making parts necessary to accomplish repairs available in regions of the country with humid climates first, because humidity has been said to increase the risk of air bag rupture.  Connecticut residents, living in a region not known for its humidity, are not a priority for the repair, and continue to wait for word when repairs for their recalled vehicles can be made.

NBC Connecticut reports that one local Toyota dealer indicates that “If it’s not available we go in and check every week to 10 days with that VIN (vehicle identification number) to see if parts are available,” he said. “We’re kind of at the mercy of not only the supplier but also the manufacturer.”

In the meantime, car companies are left to “apologize for any inconvenience” and affected car owners need to remember that front seat passengers could be in serious danger. The situation may not change for some time, especially for parts of the country including New England. 

Blumenthal has also urged Takata to commit to compensation for victims, but the company has thus far refused to do so.  There have also been calls for compensation for the millions of car owners unable to have someone ride in the front passenger seat.

The website safercar.gov has additional information about vehicles subject to the recall, and those that can now be repaired. Individuals can enter their vehicle’s VIN number to learn if they are eligible for a repair under the recall.

Three Connecticut Cities Among Nation’s Top 300 Fastest Growing Economies

Bridgeport is not only Connecticut’s largest city by population, it is the city which has expanded – in socioeconomic terms – more than any other in the state between 2008 and 2014, according to an analysis released by WalletHub. Bridgeport ranked at number 230 nationally, one of three Connecticut communities – all in Fairfield County – that reached the top 300 across the country.  The others are Stamford, ranked at number 265, and Norwalk, at number 293.

In 2014, the U.S. recorded its lowest population gain since the Great Depression. Growth stood at .73 percent, largely in contrast with the 5 percent of the 1990s, a period of prosperity, WalletHub pointed out.  Demographer William H. Frey of the Brookings Institution attributed the decline to the economic downturn. Not only did the crisis deter job-seeking migrants from flocking to the U.S., but it also discouraged couples from having children, he noted. Meanwhile, population numbers shifted across states, creating short- and long-term effects on local economies, WalletHub indicated.

In order to identify the cities that have expanded most rapidly in socioeconomic terms between 2008 and 2014, WalletHub compared 515 U.S. cities of varying sizes across 10 key metrics, ranging from population growth to unemployment rate decrease.

The other Connecticut cities that ranked on the overall list of cities were New Britain (344), Danbury (355), Hartford (374), New Haven (425), and Waterbury (504).

Eleven of the twelve top-ranked cities – regardless of size - were all in Texas, led by Odessa, Frisco, Midland, Mission College Station, and Killeen.  When the list was broken down by city population, Connecticut did not have a top-100 city in economic growth.

On the list of small cities, Norwalk ranked at 109, New Britain at number 129 and Danbury at number 132.  Among mid-size cities, Bridgeport was ranked at number 110, Stamford ranked at number 123, Hartford was at number 187 and New Haven and Waterbury were at 212 and 239 respectively.  Midsize cities are those with between 100,000 and 300,000 people; small cities have fewer than 100,000 people.

Large cities with the most growth were Austin, Miami, Fort Worth, Denver and Corpus Christi.  At the bottom of the large city list were Mesa, St. Louis, Tucson, Cleveland and Detroit.  Leading the list of mid-size cities were five Texas communities; on the list of small cities Texas had four of the five top-ranked communities exhibiting the most growth.

The factors considered included socio-demographic landscape (population growth, working-age population growth, and poverty rate decrease), and jobs and economic environment (median household income growth, unemployment rate decrease, job growth, ratio of full-time to part-time jobs, and growth of regional GNP per capita).

Joan Fitzgerald, Professor of Public Policy and Urban Affairs at Northeastern University, told WalletHub: “It is not an accident that many of the fastest growing cities have thriving high tech and biotech sectors along with financial services and usually a strong health care sector.  But another priority has to be balance.  In many cities, manufacturing loses out over other uses.”

Added Boston University Professor of Economics Kevin Lang: “it is not so much that population growth encourages employment as that employment opportunities encourage population growth.  Of course, this, in turn, creates further employment opportunities.”

Last month, the  Bridgeport, Norwalk and Stamford metro area ranked second nationally among the top ten best places for female entrepreneurs, in an analysis by  Nerdwallet, a personal finance information service geared toward helping consumers make informed financial decisions.  That ranking analyzed the U.S. Census Bureau’s survey of business owners and data from the Small Business Administration to come up with the national rankings. The top ranked city for female entrepreneurs was Boulder.  Joining Norwalk-Stamford-Bridgeport in the top five were Denver-Aurora-Lakewood, Santa Cruz -Watsonville, and Santa Rosa.  Researchers found that seven of the top 10 metro areas for female business owners -- based on business climate, local economic health and financing opportunities -- are in California or Colorado.

The data sources used in the WalletHub analysis included the U.S. Census Bureau, Bureau of Labor Statistics and Bureau of Economic Analysis.

Fledgling "Businesses with Impact" Recognized, Receive Funds to Propel Start-Up

When reSET, the Social Enterprise Trust, whose mission is advancing the social enterprise sector, revealed the winners of its annual Impact Challenge last week, the top award recipient was FRESH Farm Aquaponics, with Movia Robotics, Planet Fuel Beverage Company, Hartford Prints! and Parrot MD rounding out the top five. While the businesses may not be household names, they do represent an increasing number of start-up businesses that are not only seeking a foothold in their respective industries, but are looking to contribute to their community – locally or globally – along the way.

Based in Hartford, FRESH Farm Aquaponics is devoted to providing “the best quality aquaponic food to our community sustainably, teaching a new generation with aquaponics, and engaging the community to develop a local food ecosystem.” The company proclaims “expect from us the best produce available locally, year round in the Hartford County area. You will also see us engaging local schools in pioneering aquaponic experiments from elementary schools to universities.” (see video below)

Planet Fuel is a sustainable lifestyle beverate brand for teens and tweens.  The company's goal is to inspire young people to realize the power of consumer choices to effect social and environmental change.

MOVIA Robotics provides an innovative approach in educating children with autism to "form connections inside the world we live in today." The company uses robots and develops "our own software based on interactions with therapists and children."

Now in its fifth year, the reSET Impact Challenge recognizes the most innovative and impactful early stage ventures and start-ups from all industries throughout New England.  The event, held at The Society Room of Hartford, saw a record, sellout crowd of 300 in attendance.

Diamond Level - $20,000 + Professional Services Package (1 Winner)

FRESH Farm Aquaponics (http://www.freshfarmct.org)

Gold Level - $10,000 + Professional Services Package (2 Winners)

Movia Robotics (www.moviarobotics.com)

Planet Fuel Beverage Company (http://www.planetfuel.com)

Silver - $5,000 + Professional Services Package (2 Winners)

Hartford Prints! (hartfordprints.com)

Parrot MD (parrotmd.org)

People’s Choice - $1,500 + Professional Services Package (1 Winner)

BookBugs (www.bookbugs.net) 

Investor’s Choice - $1,500 (1 Winner)

Send Help Back Home (www.sendhelptoday.com)

Bronze - $500 (7 Winners)

Asarasi, Inc. (www.asarasi.com)

Beautiful Day / Providence Granola Project (www.providencegranola.com)

BookBugs (www.bookbugs.net)

Daily General Counsel (www.dailygeneralcounsel.com)

Dream See Do (https://www.dreamseedo.org)

Hugo & Hoby (www.hugoandhoby.com)

LOTUS Alliance LLC (www.lotusalliance.org)

The five awards judges - Sherrell Dorsey of Uber and Triple Pundit, Adam Dotson of Ironwood Capital, Claire Leonardi, an advisor to reSET's Social Enterprise Investment Fund and former CEO of Connnecticut Innovations, Anthony Price of LootScout and Paul Witinski of Ironwood Capital - narrowed down more than 100 applicants to 12 honorees.  The People’s Choice winner was selected via more than 1,800 online votes.

Since its inception, reSET’s Impact Challenge has awarded more than $180,000 to scaling entrepreneurs. reSET is a nonprofit organization whose mission is advancing the social enterprise sector. Its strategic goals are threefold: to be the “go-to” place for impact entrepreneurs, to make Hartford known as Impact City, and Connecticut the Social Enterprise state.  In addition to providing co-working space, accelerator and mentoring programs, reSET aims to inspire innovation and community collaboration, and to support entrepreneurs in creating market-based solutions to community challenges. reSET’s goal is to meet entrepreneurs wherever they are in their trajectory and to help them take their businesses to the next level.

reSET’s Impact Accelerator recently was a winner of the U.S. Small Business Administration Growth Accelerator Competition, the only Connecticut growth accelerator to receive the award this year.

https://youtu.be/A03RH_htQ88