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Job Creation

Business
Breeze Airways To Establish Base At Bradley International, Creating 200 New Jobs In CT Breeze Airways To Establish Base At Bradley International, Creating 200 New Jobs In CT
Breeze Airways To Establish Base At Bradley International, Creating 200 New Jobs In CT Breeze Airways is set to establish a base of operations at Bradley International Airport, creating more than 200 new jobs in Connecticut. Governor Ned Lamont made the announcement on Thursday, Feb.17, saying the airline also plans to add eight new nonstop destinations at the airport, adding to the four nonstop destinations Breeze currently serves from Bradley International. The new destinations will be announced in the coming weeks. “Over the last few years, Bradley has gained a national reputation as one of the best operated and most convenient airports in the country, and airlines are ta…

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by Nicole Valinote
Business
Digital Currency Group To Relocate HQ To CT, Creating 300 Jobs Digital Currency Group To Relocate HQ To CT, Creating 300 Jobs
Digital Currency Group To Relocate HQ To CT, Creating 300 Jobs Digital Currency Group is set to relocate its headquarters from New York to Connecticut, creating more than 300 new jobs in the next five years. Gov. Ned Lamont made the announcement on Monday, Nov. 29, saying the global investment company will relocate from New York City to Stamford. The company is a leading investor in both blockchain technology companies and bitcoin, Lamont said.  According to the announcement, the new headquarters will be located at 290 Harbor Drive in Stamford after renovations are complete.  Digital Currency Group expects to occupy the new location in late…

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by Nicole Valinote
Politics
Measure To Legalize Recreational Marijuana Use In CT Set For Lamont's Signature To Become Law Measure To Legalize Recreational Marijuana Use In CT Set For Lamont's Signature To Become Law
Measure To Legalize Recreational Marijuana Use In CT Set For Lamont's Signature To Become Law As soon as the ink is dry on Gov. Ned Lamont's pen, marijuana will be legal in Connecticut after the Senate gave its final approval for the growth and sale of marijuana The new legislation, approved on Thursday, June 17, would allow adults 21 or older to purchase and possess up to 1.5 ounces of marijuana beginning on Thursday, July 1.  Commercial sales of recreational marijuana in the state would not start until May 2022. Gov. Ned Lamont, who has favored the bill, said he looks forward to signing the bill. "It's fitting that the bill legalizing the adult use of cannabis and addressin…

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by Kathy Reakes
News
Foxwoods Plans To Open New Casino In Caribbean Foxwoods Plans To Open New Casino In Caribbean
Foxwoods Plans To Open New Casino In Caribbean Foxwoods has announced plans to open a new casino in the Caribbean. On Tuesday, Jan. 26, the Mashantucket Pequot Tribal Nation and LionGrove announced the formation of a partnership to reopen the iconic El San Juan Casino as the Foxwoods El San Juan Casino in Puerto Rico, according to the tribe. Foxwoods is one of the biggest casinos in the Northeast and is located on tribal land in Ledyard, Connecticut San Juan is becoming a casino hotspot with large-scale gambling facilities including the Stellaris Casino, the San Juan Marriott Resort, and the Sheraton Puerto Rico Hotel & Casino. D…

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by Kristin Palpini
Business
Can High-End Living Save The Mall? CT's Largest Mall Is Counting On It Can High-End Living Save The Mall? CT's Largest Mall Is Counting On It
Can High-End Living Save The Mall? CT's Largest Mall Is Counting On It A multi-million dollar luxury apartment complex has been proposed for the state's largest mall with proponents saying that the development will save the mall from its continual economic downturn. Developers with the Connecticut Post Mall in Milford pitched the idea to city officials, "Failure to allow this first-class investment will prevent the mall from stabilizing and could be the end of the property as an enclosed mall," officials said in its plans to the city of Milford, according to Patch. "Failure to invest now could cause the property to be one of the malls that does not surviv…

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by Christina Coulter
Business
Recreational Marijuana Could Raise $1 Billion For Connecticut Recreational Marijuana Could Raise $1 Billion For Connecticut
Recreational Marijuana Could Raise $1 Billion For Connecticut Connecticut could collect nearly $1 billion in taxes over five years if the state were to legalize recreational marijuana, according to a new University of Connecticut report. A study by UConn’s Center for Economic Analysis estimated that in five years of recreational sales Connecticut could collect anywhere from $784 million to $952 million in new taxes, according to the Hartford Courant. Since the COVID-19-fueled recession has hit the U.S., many states are looking at new ways to raise tax revenue. Lead study author Fred Carstensen said that in addition to raising taxes, welcoming the re…

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by Kristin Palpini
News
Amazon To Open Distribution Center In Danbury Amazon To Open Distribution Center In Danbury
Amazon To Open Distribution Center In Danbury Three years after a video pitch for Amazon to move to an area city went viral, the mega-company has announced it's taking the bait. The big news, announced Wednesday, June 10, is that Amazon will be coming to Fairfield County when the company repurposes the former Scholastic Corporation on Old Sherman Turnpike in Danbury into a distribution facility. Three years ago, Danbury Mayor Mark Boughton worked hard on a video to entice the company to move to Danbury. It might have taken a while, but the effort paid off.  “We are so excited to bring Amazon here to the City of Danbury,…

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by Kathy Reakes