September 2017 DECD Business Edge
September 2017 DECD Business Edge
September 2017
From the Commissioner's Desk
DECD has a new home.
Many of you may know that DECD has operated out of two offices in Hartford – one housing our arts, tourism and historic preservation functions and the other our business-development, brownfield-redevelopment, administrative and other offices. Now we are all under one roof at 450 Columbus Boulevard in downtown Hartford. 
This welcome change, which I have advocated for years, will improve our communication, efficiency and collaboration as we work to strengthen our communities and grow our economy.
Needless to say, this is an exciting (and a bit hectic) time at the department as we get acclimated to our new surroundings. Please come visit us in the near future!
Henkel completes consolidation of consumer goods division to new HQ in Stamford
Henkel Corp., whose North American corporate headquarters have been in Rocky Hill since 2008, has completed the move of its consumer-goods business – including laundry care and beauty care – to new headquarters in Stamford. Henkel has 425 employees in the new offices and expects to employ more than 500 in 2018.
Henkel relocated the consumer-goods headquarters from Scottsdale, Ariz., with support from the state’s First Five Plus program. Henkel also merged Sun Products, which it had previously acquired, with the consumer-goods business. Later this year, the company plans to add a new facility for beauty-care research and development, as well as a customer-experience center, at the Stamford site.
Read the story
Programs to help manufacturers innovate, cultivate talent, grow all at new MIF website
The state has lots of programs to support manufacturing, and now information about them is gathered in one easy-to-use website. The Manufacturing Innovation Fund board has launched, where companies can learn about programs to help them accelerate growth, cultivate talent and facilitate innovation.
The site also includes a special section to help job-seekers investigate careers, complete with links to educational programs across the state, as well as videos profiling those who've taken different paths into the manufacturing field. There’s also the latest news about the Connecticut’s thriving manufacturing sector.
Visit the website
Following other small-business incubators, co-working kitchens opening in Connecticut
Co-working spaces have been prominent for years, mainly serving the needs of technology-based start-ups. The food industry is now using that formula with shared kitchens, an idea catching on across Connecticut.
Jen Acuna, the owner of Loafing Around LLC, makes cookies and sourdough bread in the kitchen at Café at Fifty-Five in Hartford, a small restaurant that hires people who face barriers to employment run by the nonprofit Hands on Hartford. The restaurant’s kitchen is available 28 hours a week and now has six tenants, and Hands on Hartford’s executive director says there’s a need for more co-cooking spaces.
Read more
In the news: Growing Connecticut businesses
Check out these recent articles spotlighting businesses that are growing and thriving in Connecticut, including Collins & Jewell, Vroom Service Now, Cross Culture Kombucha, Blue Buffalo Pet Products, Basement Systems and Biohaven.
Read the news
Women’s Business Development Council marks 20 years of helping create, grow companies
In 1995, Fran Pastore, who had recently given up a career on Wall Street, learned Connecticut was the only state without a women’s business center funded by the U.S. Small Business Administration. That revelation gave her a way to combine her interests in women’s economic empowerment and small business by starting the Women's Business Development Council.
Twenty years later, the WBDC has served more than 18,000 clients. It has helped create about 1,800 businesses and sustain and expand another 3,500 firms that support 4,200 jobs. The nonprofit offers programs in entrepreneurial and financial education, counseling from experts and access to capital.
Read more
CI-backed company asks FDA to approve its device to help women with urological disorders
One out of three American women has stress urinary incontinence (STI), but a Monroe company has developed a device to help. The company, Elidah, is seeking U.S. Food and Drug Administration approval for the Elitone, which emits mild electrical pulses to stimulate and strengthen pelvic muscles.
Women with STI can experience urinary leakage during physical exertion or while laughing or sneezing. The Elitone can be worn under clothing to provide 20 minutes of stimulation a day. Connecticut Innovations, the state’s venture-capital arm, has committed to investing up to $750,000 in Elidah, which was founded by Newtown residents Gloria and Eric Kolb.
Read more
Hartford factory to be redeveloped, create jobs with help from state loan, tax credits
The former M. Swift & Sons gold-leaf factory in the North End of Hartford, closed since 2004, will be converted into an incubator for food-based businesses, a community health center and office space. Backing the redevelopment project is a package of financing that includes state loans, including a brownfield-remediation loan, and state historic tax credits.
The developer, Community Solutions International, Inc., expects the project to create 125 jobs and spur $9.75 million in private investment. Construction is expected to take 14 months after the financing closes,, which is expected to occur in October. CSI is working in the neighborhood to reduce unnecessary hospital use and end homelessness.
Read more
Connecticut Innovations receives $125K SBA grant to help support tech-based businesses
Connecticut Innovations, the state’s venture-capital arm, has received a $125,000 grant from the U.S. Small Business Administration as part of the Federal and State Technology Partnership Program (FAST). 
The FAST funds will be deployed to provide training, financial and technical assistance to early-stage, woman- and minority-owned technology-based businesses applying for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) funds. After proposals were reviewed by the Department of Defense and the National Science Foundation, CI was one of 16 entities nationwide to receive FAST grants.
Read more
October is Manufacturing Month – celebrate a key to Connecticut’s economic growth
From the large aerospace/defense contractors to the smaller machine shops that supply them, Connecticut advanced manufacturing is poised for a boom. To celebrate that sector, October is Manufacturing Month, with events across the state spotlighting the state’s 4,500 manufacturers, the 160,000 people they employ – and the career opportunities they offer.
Some Manufacturing Month events are part of Connecticut. Dream It. Do It., led by the Connecticut Center for Advanced Technology and funded by the Manufacturing Innovation Fund through DECD. But there will be many more in every part of Connecticut. To find an event near you, the link below will lead you to a statewide Manufacturing Month calendar.
Events Calendar
The Business Edge is a collaborative effort of: 800-392-2122
LinkedIn Facebook Twitter