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Job Creation

Business
AI Workforce Shake-Up: Nearly Half Of Companies Plan Job Cuts Within Years AI Workforce Shake-Up: Nearly Half Of Companies Plan Job Cuts Within Years
AI Workforce Shake-Up: Nearly Half Of Companies Plan Job Cuts Within Years Nearly half of companies worldwide are planning to cut jobs within the next few years as artificial intelligence (AI) reshapes industries and automates millions of positions, according to a new global report. The World Economic Forum’s "Future of Jobs Report 2025" outlines the seismic shifts AI will bring to the global workforce, revealing both challenges and opportunities: Job Displacement: The report says 41 percent of companies intent to downsize their workforce globally between 2025 and 2030, particularly in industries reliant on routine and manual tasks such as manufacturing, customer …

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by Joe Lombardi
News
4 Historic Hartford Homes Moving To Make Way For Parking Garage 4 Historic Hartford Homes Moving To Make Way For Parking Garage
4 Historic Hartford Homes Moving To Make Way For Parking Garage If you think you are seeing things when four historic homes roll by you on a Connecticut roadway, don't worry. They are being moved to make room for a new 9-story parking garage. The move will occur in Hartford on Thursday, Aug. 29, causing traffic to be a mess in certain parts of town. Monica Buchanan of Connecticut Children's, one of the groups building the garage, said the four historic homes from Lincoln Street will be relocated to new locations within Hartford to make way for a new 9-story, $60M parking garage. The garage will serve Connecticut Children’s patient families, team m…

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by Kathy Reakes
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 Fairfield County, Creating 300 Jobs Digital Currency Group To Relocate HQ To Fairfield County, Creating 300 Jobs
Digital Currency Group To Relocate HQ To Fairfield County, 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