Author: Claire Hall


Proposed Power Plant is an Economic Winner According to New UConn Study

A proposed power plant in Oxford, Conn. would create both an enormous number of jobs and tremendous economic benefits for the area, according to a UConn study released on Jan. 13.

The report, created by the Connecticut Center for Economic Analysis (CCEA) at UConn, estimates the construction of the power plant would create more than 2,300 construction jobs and 1,800 sustained jobs. Furthermore, the proposed CPV Towantic Energy Center would generate almost $8 billion in new personal income for Connecticut residents over the next 25 years.

The study was commissioned by Competitive Power Ventures, the Maryland company that wants to build the plant on 26 acres adjacent to Waterbury-Oxford Airport.

“This project delivers dramatic economic benefits that will reverberate throughout Connecticut’s economy, both now and for decades to come,’’ said Fred Carstensen, CCEA Director. The plant would  boost Connecticut’s economic health and competitiveness, he said.

The plan has met with resistance from neighbors both in Oxford and adjacent towns, who have expressed concerns about the environment, health and decreased property values.  The Federal Aviation Association has also raised concerns because of the proposed plant’s proximity to the regional airport.

Meanwhile, the proposal has won the backing of some chambers of commerce, building trade professionals and Oxford First Selectman George Temple, who said he has already received inquiries from people who are interested in creating new businesses in town if the power plant is approved. The plant would also generate more affordable electricity for Connecticut residents.

The power plant was originally proposed and approved 15 years ago, but CPV is seeking to modify the application to build a larger facility. The Connecticut Siting Council agreed to review the application. Additional public hearings are pending.

The CCEA is located within the UConn School of Business and specializes in economic impact and policy analysis studies as well as advising clients regarding business strategy, market analysis and related topics. The CCEA focuses attention on the economic and business dynamics of Connecticut. Created in 1992, the organization serves the state by providing timely and reliable information to equip the public, decision makers and stakeholders with transparent analysis to facilitate thoughtful debate of public policy issues.


White House Internship Incredible, Inspirational Says UConn Senior

How many student interns can say they attended a speech by President Obama, met several Cabinet Secretaries, and watched the Marine One helicopter land on the South Lawn of the White House?

David Rifkin, a UConn senior majoring in Business Management, has done all three, while spending this semester as a White House Intern, conducting research and writing reports for government officials.

Simultaneously, Rifkin is researching leadership styles of early presidents, as well as more recent administrations, as part of an independent research project. He plans to present his findings when he returns to campus in the spring semester.

“It is incredible to walk through the White House gates every morning on the way to work,” said the Glastonbury native. “It is truly inspirational to consider that I am working at the very same place as some of the greatest leaders in American history.

“The thrill has not remotely begun to wear off,” said Rifkin, who is also a member of the UConn Honors program. “I still feel the same magic that I did on the very first day.”

Rifkin is no stranger to public service. Last year, he interned for U.S. Senator Richard Blumenthal, and also at the international human rights organization Lawyers Without Borders. He has also been active in student government at UConn.

“I thought that an internship at the White House would take my government and public service interests to the highest level,” he said. “My experience as a White House Intern is incredible. To say I’m enjoying myself would be an understatement. The work is quite demanding, but no work I have ever done has been so rewarding.

“On a more personal level, I hope my White House Internship will give me insight into what career path I want to pursue professionally,” he said. “I also hope to further develop my leadership and professional skills, to prepare myself for future personal and career endeavors.”

Rifkin’s research project is under the supervision of Management Professor Zeki Simsek, who describes Rifkin as focused, engaged, mature, observant, reflective and professional.

“I suspect that he will uncover some intriguing contrasts, as well as commonalities among the U.S. presidents in terms of leadership variables, such as openness to new information, belief systems, interpersonal styles, motivation and more,” Simsek said. He has asked Rifkin to explore whether presidents tend to display a dominant leadership style or a multifaceted one, and whether their styles shape their job performance.

Although Rifkin isn’t yet ready to reveal what he’s learned, he looks forward to presenting his findings upon his return.

“I intend for my research to be of value to all those interested in what constitutes effective leadership,” he said. “I aim to become better informed, through my exploration, of what factors contribute to successful management style at the highest level, in a way that can be generalized to leadership positions in all areas from business to government.”

Rifkin said his UConn experiences, both academically and in student government, helped prepare him for his internship.

Asked whether it will be hard to go back to being a student again, Rifkin said no.

“Although a White House Internship is a once-in-a-lifetime experience, I certainly miss college at the same time,” he said. “I think the skills gained from this internship will actually enhance my future academic experience. I don’t want this internship to end, but I look forward to being back with my college friends, attending classes, and, of course, watching UConn Basketball.”

 




Chairman of the Joint Chiefs Visits Connecticut, Talks Leadership

WNPR News – The nation’s highest-ranking military officer delivered the keynote address at this year’s Geno Auriemma Leadership Conference organized by UConn School of Business. U.S. Army General Martin Dempsey, the chairman of the Joint Chiefs of Staff, spoke about the tenets of leadership that exist in both the military and civilian world.

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UConn Doubling Capacity to Cultivate Business Startups

UConn Today – A new construction project now underway on the UConn Health campus, funded by Bioscience Connecticut, will double the University’s total business incubator space for the cultivation of startups throughout the state. Timothy Folta, faculty director of the Connecticut Center for Entrepreneurship and Innovation at the UConn School of Business, notes that incubators provide a variety of benefits to both the startup companies and the University.


A Textbook Model of Dividend Predictability

Seeking Alpha – It stands to reason that a value investor should examine any potential investment based upon ALL metrics, especially the methods that are the most meaningful for dividend investors. The simplest model for valuing equity is the dividend discount model – the value of a stock is the present value of expected dividends on it.