Development of Sikorsky’s new combat rescue copter advances

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Just hours after Pentagon budget documents indicated a delay in development of a new combat rescue helicopter by Stratford-based Sikorsky Aircraft, the program was on again. Reuters reports (http://tinyurl.com/qyoes2t) that U.S. Air Force officials agreed Tuesday to use $430 million that had been budgeted for other priorities to fund the new helicopter’s development. Sikorsky, a […] [Read More]
Categories: General

Bridgewater’s move to Stamford “only a 20 percent probability”

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In what would represent a blow to one of Gov. Dannel Malloy’s highly touted economic development initiatives, the Westport News has reported an attorney for Bridgewater Associates as saying that the hedge fund giant will likely not move to Stamford. According to the story that appeared on the publication’s website this week, Larry Weisman last […] [Read More]

Chefs’ Warehouse sees rise in fourth quarter income

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The Chefs’ Warehouse, a Ridgefield-based distributor of specialty food products, reported financial results for its fourth quarter and fiscal year ended Dec. 27. Net income available to common stockholders was $4.8 million, or 19 cents per diluted share, for the fourth quarter of 2013 compared to $3.6 million, or 17 cents per diluted share, for […] [Read More]
Categories: General

Westport’s Balance Point invests in Digity MediaBalance

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Balance Point Capital Partners is investing in Florida-based Digity MediaBalance. Point Capital Partners provided $5 million of Senior Subordinated Notes to facilitate Digity’s acquisition of NextMedia Operating, according to a press release. Based in Palm Beach, Digity was formed by the consolidation of two companies, GoodRadio and Palm Beach Broadcasting. Digity will operate 63 radio […] [Read More]
Categories: General

Clipper Group anchors on Long Ridge Road in Stamford

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Clipper Group anchors at Long Ridge Road office space International shipping company Clipper Group (USA) has moved its U.S. operations from Stamford Landing to an office building at 120 Long Ridge Road, Stamford, where it has occupied 5,852 square feet on the third floor of the north wing. The space is being subleased from Gen […] [Read More]
Categories: General

Small businesses in Connecticut shrink employment

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Businesses with fewer than 20 employees saw employment shrink by.12 percent last month, according to Intuit, a financial management company catering to small businesses. The firm came out today with its monthly Small Business Employment and Revenue Indexes. The employment index is based on roughly 200,000 small business employers that use Intuit Online Payroll and […] [Read More]
Categories: Labor

State aerospace firms to exhibit at Farnborough Airshow

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Connecticut’s Airshow Exhibit Program helps promote the state’s world-class aerospace industry to the global market Through a collaborative partnership between the Connecticut Center for Advanced Technology and the state Department of Economic and Community Development, Connecticut’s Airshow Exhibit Program will enable small- to medium-sized aerospace companies to have a presence at the 2014 Farnborough International […] [Read More]
Categories: General

CEFIA supports building improvements in region

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Owners of commercial buildings in Bridgeport, Danbury, Norwalk and Trumbull were among those recognized by Connecticut’s Clean Energy Finance and Investment Authority as it recently marked completion of its first year of its Commercial and Industrial Property Assessed  Clean Energy (C-PACE) program. The program helps Connecticut commercial, industrial and multi-property owners access affordable, long-term financing […] [Read More]
Categories: General