Hartford, CT – As Hurricane Henri heads for Connecticut, Attorney General William Tong is warning Connecticut consumers to be vigilant of price gouging and price hikes. During states of emergency, price gouging is illegal and this includes in demand items such as generators and gas. “Price gougers take advantage of our fear. We’re all worried…
Category: Business
Eversource Increases Number of Possible Power Outages as Connecticut Braces for Hurricane Henri, restorations could go 8 to 21 days
Company to declare an Emergency Response Plan Level 2; 50 to 69% of customers could lose power; restorations could go 8 to 21 days BERLIN, Conn. (August 21, 2021) – With Hurricane Henri expected to make landfall early Sunday morning along Connecticut’s shoreline, Eversource is increasing the number of possible outages the storm could cause.…
CTDOL: Unemployment rate drops, state added estimated 9,400 jobs in July
Wethersfield, CT – Connecticut Department of Labor (CTDOL) Interim Commissioner Danté Bartolomeo on Thursday announced that the state’s unemployment rate dropped to an estimated 7.3% in July from the revised 7.7% rate in June. With the three-month average unemployment rate below 8.0%, Connecticut is anticipated to trigger off the federal High Extended Benefits program. The…
First County Bank Expands Commercial Lending Division
STAMFORD, CT – First County Bank expands its commercial banking division, with the hiring of Tripp Moore and Robert O’Brien, as Vice President, Commercial Banking Officers. Moore and O’Brien, who have over 30 years of combined commercial lending experience, will be responsible for developing new commercial relationships for the Bank by providing customized lending and…
Governor Lamont announces Connecticut receives first credit rating upgrade in more than 20 years
HARTFORD, CT – Governor Ned Lamont on Wednesday announced that Moody’s Investors Service has upgraded Connecticut’s General Obligation bonds credit rating from “A1” to “Aa3,” making it the first credit rating upgrade the state has received since February 2001. “This upgrade from Moody’s is the first for our state in more than 20 years and…
Payroll jobs post slight January 2021 decline (-100): unemployment rate at 8.1% on newly benchmarked data
WETHERSFIELD, CT – Connecticut payroll employment was essentially unchanged in January 2021, dropping just 100 jobs (‑0.01%) after a revised 4,600 (‑0.3%) decrease in December 2020. This is the third monthly job loss after six consecutive seasonally adjusted monthly jobs gains. Statewide employment is now 127,300 (-7.5%) positions lower than a year ago at 1,570,700…
AGW SoNo Partners announce new business concept contest with a free commercial pop-up space prize on Washington St in South Norwalk
March 3, 2021, South Norwalk, CT: Local real estate collective, AGW SONO Partners, announced its latest Washington Street project this week with the call for entrepreneurs to pitch their business concept and be entered to win a free commercial pop-up space on Washington Street in the Historic SoNo District. The concept is another initiative put…
13,500 Square Foot Office Space Sublease Available in Darien is Represented by Choyce Peterson
Norwalk, CT – Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a 13,500 square foot office suite available for sublease at 1 Thorndal Circle in Darien, CT. Choyce Peterson Principal John Hannigan, Vice President Adam Cognetta, and Vice President Charlene O’Connell comprise the brokerage team.…
Department of Consumer Protection, Attorney General William Tong, Better Business Bureau celebrate National Consumer Protection Week
Consumers are invited to participate in virtual events during National Consumer Protection Week February 28 – March 6 Everyone can fall victim to fraud and scams, and even legitimate businesses can provide incomplete contractual information, omit important details or present misleading advertising. Being a smart consumer is your best defense against scams, fraud, and identity…
American Drone Manufacturing Plant Takes Root in Connecticut
HARTFORD, CT – Aquiline Drones (AD) meets the increasing demand for “Made in America” drones by opening the first drone manufacturing and assembly plant in Connecticut. The Hartford-based aviation cloud solutions provider and commercial drone manufacturer now produces Drone Volt’s Altura Zenith and Hercules 2 drones – re-branded by AD as the Spartacus line of…