Commercial & Industrial
Connecticut has lost population every year for the last five years.
A recent U.S. Census survey reveals that Connecticut has one of the highest median household incomes in the country, but wealth in the state remains heavily skewed.
Downsizing by financial services companies and the diminishing appeal of suburban single-use office parks have left behind vast expanses of unoccupied space. Even Stamford is facing a 30 percent commercial vacancy rate.
An annual study of where Americans are moving to, and where they’re moving from, found Connecticut has the third-highest rate of outbound moves in the country, after New Jersey and Illinois.
A castle-like former Norwich bank has been reborn as a church.
There is talk that Infosys may open an office in Stamford, however tech workers John Robert and Craig DiAngelo have formed a group, the Connecticut Tech Worker Coalition, in opposition to this.
Shifting consumer habits may have led to the demise of several big-box retail chains, but they have also helped boost the presence of dollar stores nationwide, including in Connecticut.
The choice of Joseph Giulietti is a sign of that rail is a centerpiece of Gov.-elect Ned Lamont’s plan for Connecticut’s revival. Lamont highlighted his opinion that “substantially reducing travel time from New Haven and our other towns to New York City” is crucial, with Giulietti’s appointment.
A development project that could serve as a resplendent gateway to downtown Bridgeport has hit a major snag.
The last year was a 12-month champagne toast for the legal marijuana industry as the global market exploded and cannabis pushed its way further into the financial and cultural mainstream.
Wall Street started 2018 strong, buoyed by a growing economy and corporate profits. It isn’t ending that way.
The toy retailer closed hundreds of locations nationwide earlier this year, including ones in Norwalk, Danbury and Milford.
The Conference Board, a business research group, said Thursday that its consumer confidence index fell to 128.1 in December, down from 136.4 in November and lowest since July.
Connecticut’s economy has had a rough few years, but incoming CBIA president Chris DiPentima thinks the state his headed for good times in 2019. It just needs a few things from state leaders in order to get there.
City officials have toured three commercial buildings in anticipation of the consolidation of many of the city’s administrative offices into one leased space.
Metal fabricator Kammetal recently relocated its operations from Brooklyn to a former factory in a Naugatuck industrial park.
Beginning Jan. 1, Connecticut employers will no longer be allowed to ask prospective employees about their salary histories during job interviews.
A historic former firehouse in Wallingford has been sold.
The state should add a cabinet-level “secretary of commerce” to attract companies, coordinate agencies around growing the Connecticut economy and cheer-lead for the state, a transition group for Gov.-elect Ned Lamont recommended Wednesday.
Connecticut has now recovered 108,700 jobs, or 91.3 percent, of the 119,100 seasonally adjusted jobs lost during the Great Recession, which officially lasted from March 2008 to February 2010.
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