Hartford Business Journal – They are three of the most tangible milestones in the ongoing evolution of Connecticut’s bioscience ecosystem:
In Farmington, Maine bio-research firm Jackson Laboratory’s state-funded outpost on the UConn Health campus hired ahead of schedule the 200 highly-paid workers to which it promised in return for millions in state assistance. Now, Jackson Lab is laying plans to hire its next 100 workers, and to erect a second building to house many of them.
Bloomberg– A study by the University of Connecticut’s Connecticut Center for Economic Analysis (CCEA) projects construction and operation of CPV Towantic will generate more than $7.9 billion in new personal income for Connecticut residents over the next 25 years and will create, at its peak in the construction phase, more than 2,300 positions.
MassLive – MGM Resorts International and Connecticut’s two tribal casino operators delivered opposing arguments before Connecticut lawmakers Thursday, as the legislature’s Commerce Committee considers whether to require additional study before allowing construction of the state’s third casino.
Hartford Business Journal – Like a spurned love interest, General Electric is leaving Connecticut for what it views as a more attractive mate. Now it’s time for the state to hit the gym to re-shape its competitive prowess, industry observers say.
Hartford Business Journal – Connecticut’s economy must grow at a faster rate—at least double—in the years and decades ahead to grapple with an aging population that will increase demand for social services and constrain the state budget in other ways, state officials and economists warn.
UConn Today – Eurozone leaders have agreed to an economic bailout for Greece that keeps the debt-ridden nation in the 19-country common currency pact, but only if the Greek government implements a host of deeply unpopular austerity measures, including cuts to public pensions and sales tax increases. The total rescue effort could amount to 87 billion euros in emergency funding over the next three years including an immediate emergency 10 billion euro loan to help Greece keep its fragile banking system afloat and repay loans due this month.
Connecticut Mirror – There are bright spots in Connecticut’s sluggish economy, even as Connecticut’s key manufacturing sector has lagged, a recent federal report says. Those bright spots include healthcare, finance and professional services like information technology, the Commerce Department’s Bureau of Economic Analysis says.