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.



In
stitutions, particularly in low income communities and to people who lack access to financing. By offering tailored resources and innovative programs that invest federal dollars alongside private sector capital, the CDFI Fund serves mission-driven financial institutions that take a market-based approach to supporting economically disadvantaged communities. The institutions to receive CDFI Certification in Connecticut are in the state’s major cities:
Capital Fund facilitates the flow of capital and expertise into housing and economic developments that “benefit low and moderate income people in the Greater Bridgeport Area.” It was formed in 2005 from the merger of two loans funds.
he Middlesex Credit Union, Seasons Federal Credit Union was renamed in 2006 after expanding into New Haven County. Over the years, the credit union has “broadened its services beyond simple share savings and small loans to meet the increasingly diverse financial needs of its growing membership.”
such as credit history, language, cultural differences, financial literacy, or lack of economic assets--that can isolate people from the financial mainstream. As the Fund’s slogan indicates, “We Finance Hope.”
NASA's Mars Reconnaissance Orbiter (MRO) provided the strongest evidence yet that liquid water flows intermittently on present-day Mars.
NASA is developing the capabilities needed to send humans to an asteroid by 2025 and Mars in the 2030s – goals outlined in the bipartisan NASA Authorization Act of 2010 and in the U.S. National Space Policy, also issued in 2010. While a human landing is challenging, the development of a reliable return flight is a more difficult technologically hurdle. The colonization of the Red Planet is also being considered by some, but would require means to deal with the planet’s thin atmosphere, lack of oxygen and barren
cold weather.
As part of the preliminary preparation for such a flight, the nation’s space agency is working with a military laboratory at the submarine base in Groton to measure how teams cope with stress during month-long simulations of space flight. The Navy research that piqued NASA's interest started about five years ago when the Groton-based Naval Submarine Medical Research Laboratory, at the request of the submarine force, began examining ways to make tactical teams work together better, the Associated Press
Marking the launch of the new Share the Road campaign, this year's featured speaker is Colleen Kelly Alexander. Bike Walk Connecticut officials describe her remarkable story: After undergoing brain surgery in 2007 for a chiari malformation, Colleen overcame a lupus and cryoglobulinemia diagnosis in 2009, pushing forward to become a successful, competitive triathlete. In 2011, while on a routine bike ride, she was run over by a freight truck. Crushed, ripped apart and bleeding out, she flatlined twice, spent five weeks in a coma and has since endured over twenty surgeries. Defying diagnoses, dire predictions and death, Colleen stunned doctors by bucking the odds and coming back to run more than 50 races and complete 15 triathlons, including 4 half Ironman events since her trauma. Colleen and husband Sean Alexander were elected to the Bike Walk Connecticut board of directors in 2015. 
lnerable User Law Mandates $1000 Fine. Connecticut requires a fine of up to $1000 on drivers who cause the death or serious injury of a pedestrian, cyclist or other vulnerable road user who used reasonable care.
For Pedestrians:

ncing 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.


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.



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.”



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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.