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Economic Development

People's United buying Philly financier

Gregory Seay |

Bridgeport lender People's United Bank is acquiring a Philadelphia commercial-equipment financier.

MassMutual sells W. Hfd. financial advisory

Patricia Daddona |

Springfield life insurer MassMutual has sold its West Hartford advisory New England Financial Group to Boston's Baystate Financial.

CT retailer EbLens gets new equity partner

Patricia Daddona |

Torrington clothing retailer EbLens LLC, which has several stores in the Greater Hartford area, said Wednesday Boston equity firm J.W. Childs Associates L.P. has acquired a majority interest in the...

Kaman, Sikorsky extend cockpit pact

Gregory Seay |

Bloomfield aeroparts maker Kaman Corp. will continue supplying cross-state defense contractor Sikorsky Aircraft with pre-fabricated helicopter cockpits.

Berlin manufacturer Tri-Star sold to Ill. firm

Patricia Daddona |

Berlin plastic insert manufacturer Tri-Star Industries is being acquired by Rosemont, Ill.-based MW Industries, a manufacturer of industrial fasteners and precision components, for an undisclosed sum.

Economic development oversight bill signed into law

Patricia Daddona |

A new law requiring legislative review of Connecticut's economic development programs, including First Five Plus, has been signed into law.

Children's clothing retailer shuttering 3 Hartford area stores

Patricia Daddona |

Children's clothing retailer Gymboree will close nine stores in Connecticut, including three in Manchester and Meriden, following its decision to file for bankruptcy protection in June.

Job search engine Indeed expanding in Stamford

Patricia Daddona |

Job search giant Indeed is expanding its workforce in Stamford from 700 to 1,200 employees and making other investments locally with some assistance from the state of Connecticut.

Protein Sciences CEO says acquisition promises growth

Patricia Daddona |

Protein Sciences CEO Manon M.J. Cox says she spent a decade chasing companies that might better market its flagship flu vaccine, and finally found one this week in Paris pharmaceutical company Sanofi.

CT climbs in rankings of top states for business

Patricia Daddona |

Connecticut has climbed 10 spots to rank 33rd in CNBC's 2017 ranking of top states for business. The improved ranking was largely a result of better scores for education and the workforce.

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