August 2017 DECD Business Edge
August 2017 DECD Business Edge
August 2017
From the Commissioner's Desk
This has been quite a summer for the Connecticut Green Bank.
Recognized for its groundbreaking work in establishing new financing methods to promote cleaner, more efficient energy sources for individuals and businesses, the Connecticut Green Bank received the prestigious 2017 Innovations in American Government Award from Harvard University’s Ash Center for Democratic Governance and Innovation. The award includes funds to be used for replicating the Green Bank in other states. 
The Green Bank also announced that its C-PACE (Commercial Property Assessed Clean Energy) program has now helped commercial property owners finance more than $100 million in energy-efficiency projects. Those upgrades save $9.29 million in annual energy costs – to save that much energy you'd have to take 4,751 cars off the road for a full year. C-PACE helps finance solar installations, energy-efficient lighting and HVAC systems and more.
The Connecticut Green Bank is a both an environmental innovator and a great economic-development success story. Congratulations to President and CEO Bryan Garcia and the whole Green Bank team. Keep up the good work!
These Millennials live in Hartford, and they say Hartford has the right assets to attract more
Many experts say the key to accelerating Connecticut’s economic growth is to attract and retain Millennials to Hartford, New Haven, Stamford and other cities. A group of Millennials who live and work in downtown Hartford discussed their experiences, and said they think Hartford already has lots of features attractive to Millennials.
"(Hartford) has a lot of the amenities of a lot of other Northeast cities at a fraction of the cost, including the walkability,” said Andrea Hartman, a financial entrepreneur, who moved to Hartford from Boston about two years ago. "I think Hartford has the interestingness of a much bigger city."
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Students learn skills, discover career paths at the Young Manufacturers Academy
A group of Connecticut teens has done more than just play video games or hang out with friends this summer. At the Young Manufacturers Academy (YMA), they’ve run CNC machines, used the same software that built the Mars rover and explored the career possibilities awaiting them in today’s advanced manufacturing.
“I’m always amazed how at this age they are able to absorb the information and technology and gravitate toward it,” said Steven Orloski, Emmett O’Brien Technical High School’s department head for precision manufacturing. YMA, funded by the Manufacturing Innovation Fund, is a partnership of the Connecticut Center for Advanced Technology and the Connecticut Technical High School System.
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New commuter rail line linking New Haven, Hartford and Springfield set to begin in May
The new commuter rail line connecting New Haven, Hartford and Springfield, Mass., is expected to begin running in May. The Hartford Line will run 17 trains a day from New Haven to Hartford, with stops in North Haven, Wallingford, Meriden, Berlin, Newington and West Hartford. Twelve of those trains will continue to Springfield via Windsor, Windsor Locks and Enfield.
The trains, which will run at speeds of up to 110 mph, will run every 45 minutes during morning and evening peak hours and every 90 minutes at all other times. Travel time between Hartford and New Haven will be about 45 minutes. 
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A device that listens to music and creates a light show? A UConn professor invented one 
Ed Large teaches psychological science and physics at the University of Connecticut, where he also researches how the brain perceives sound. He’s turned that knowledge into a new home-entertainment device called Synchrony LED, which listens to music and creates real-time light shows.
Large developed the device, his first commercial product after 25 years of research, in an office rented at the Connecticut Center for Advanced Technology in East Hartford. With the help of $60,000 raised in a Kickstarter campaign, he expects to have the device available for sale this winter – at less than $200.

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In the news: Growing Connecticut businesses
Check out these recent articles spotlighting businesses that are growing and thriving in Connecticut, including Barnes Group, Wearsafe Labs, MB Aerospace, COCC, Z-Medica, and retailers in Hartford’s Front Street development.
Read the news
Next VentureClash finals on Oct. 20 to feature head of combined AOL-Yahoo company
Ten startups will compete in the finals of VentureClash, Connecticut Innovations’ pitch competition for early-stage tech companies, scheduled for Oct. 20 at the Yale University School of Management in New Haven. Tim Armstrong, CEO of Oath, formed through the mergers of AOL, Yahoo and other Internet brands, will be the keynote speaker.
VentureClash offers $5 million in funding for early-stage companies in digital, health, financial technology, insurance technology and the internet of things. Winners must be located in or willing to establish major presences in Connecticut. Finalists will pitch their companies to experts, investors, customers and academics who are engaged in their industries.
Read the release
Southington developer is ready to build once the former Beaton & Corbin site is cleaned up
The former Beaton & Corbin factory site in Southington, idle since it closed in the 1970s, has started moving closer to being redeveloped. A state brownfield remediation grant has enabled the town to begin tests, and results of those tests will be used establish a plan for cleaning up the site, which is believed to be contaminated with petroleum and other pollutants.
Once remediation is completed, a developer is ready to put up a new 13,000-square foot building on the site – more proof that when the state invests in the cleanup of a brownfield, economic development is the result. 
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Learn about the future of e-commerce at Connected Commerce 2017 on Sept. 21
Companies doing business online or preparing to move into e-commerce can learn about the future of digital commerce and how to scale e-commerce operations at Connected Commerce 2017. The event is scheduled for Sept. 21, 7:30 a.m. to 6:30 p.m., at Mohegan Sun.
 The event will be hosted by Logicbroker, located in Shelton, Conn., which provides cloud-based electronic data interchange and drop ship automation for companies doing business online. Sessions will include the future of eCommerce, using artificial intelligence to enhance to customer experience, business intelligence to drive efficiency and more.

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