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New Haven, Connecticut, March 19, 2024 – Today, AdvanceCT announced that Lutz Labisch, the President and CEO of TRUMPF Inc., has joined our board of directors.The U.S.-based branch of a German company, TRUMPF Inc. is one of the largest manufacturers of fabricating equipment and industrial lasers in North America. Mr...
By Paul SchottSTAMFORD — For generations, Stamford has ranked as one of the largest hubs for financial services on the east coast. Today, the city is still attracting newcomers, but they are different from earlier arrivals because many of them focus on building the technology that underpins the financial industry.Highlighting...
By Lee Howard, The DayGroton ― Electric Boat President Kevin M. Graney told state and national legislators Thursday in a morning briefing that the company expects to add about 5,000 positions this year to the local workforce in Connecticut and Rhode Island.“We are hiring across the board,” Graney said during...
By JEFFREY SONNENFELD, INDRA NOOYI , JAMES C. SMITH and MARGARET KEANE Just a few years ago, few would have imagined that Connecticut might become one of the best states in the nation for business. For decades, Connecticut ranked near the bottom of practically every business climate survey, as even the Connecticut...
Connecticut’s Economic Promotion Organization Appoints New Board Co-ChairsNorth Haven, Connecticut – January 22, 2024 —AdvanceCT announces a transition in our organization’s Board of Directors. AdvanceCT’s new co-chairs are Adam Norwitt, President & CEO of Amphenol Corporation and Judy Olian, President of Quinnipiac University. They will help lead AdvanceCT’s economic development...
Connecticut’s Life Sciences Industry Booms as Four Companies Announce Expansions, with One Choosing Connecticut for U.S. Market Entry New Haven, Connecticut – December 18, 2023 —AdvanceCT announced today that four life sciences companies are expanding their operations in Connecticut, including MannKind Corporation, Millstone Medical (formerly MycoScience), ReST Therapeutics, and Revalia Bio.MannKind...
DANBURY — Danbury Mission Technologies, headquartered on Wooster Heights Road, has entered into a new multi-million-dollar contract with the U.S. Army to develop and deliver laser detecting systems for military ground vehicles.ARKA Group, L.P., which includes Danbury Mission Technologies, recently announced its new five-year $136 million contract, stating the systems...
With $47.5 million in funding from the U.S. Department of Energy, a Massachusetts electric-vehicle battery startup has chosen Bridgeport for its first major factory, which in time could employ 200 or more people.Nanoramic Laboratories and parent company FastCap Systems have been working on energy storage systems since 2009, based on...
The National Security Agency has informed Central Connecticut State University that it has achieved the designation of National Center of Academic Excellence in Cyber Defense (CAE-CD) through academic year 2028.Central joins three fellow national centers in Connecticut: The United States Coast Guard Academy, Quinnipiac University, and Sacred Heart University.Central became...
FuelCell Energy Delivers Fuel Cell Power to Derby as Part of Connecticut Clean Energy Initiatives.
Nov 16 2023We couldn’t be prouder to deliver groundbreaking clean energy solutions to our neighbors here in ConnecticutThe Connecticut-based global leader in state-of-the-art fuel cell platforms celebrates the opening of its newest clean energy project at a “cable cutting” ceremony in Derby on Nov. 16, 2023.The 14-megawatt baseload power project includes 10...
AdvanceCT Launches Connecticut Certified Sites Program Highlighting Pre-Approved Industrial SitesNew Haven, Connecticut, November 15, 2023 – AdvanceCT announces the launch of Connecticut’s first Certified Sites Program. Designed to give corporate investors fast-tracked real estate solutions for rapid entry into the Connecticut market, the Certified Sites Program aggregates, and catalogues greenfield sites...
State and local leaders believe a new initiative in New Haven could further propel the city to the leading edge of climate change innovation.ClimateHaven, New Haven’s first climate technology incubator opened this week with a ribbon cutting ceremony attended by Gov. Ned Lamont. The incubator is a nonprofit organization that...
Hanwha Aerospace Establishes Global Headquarters For International Engines Business In Connecticut
Nov 9 2023Hanwha Chooses Connecticut, Establishes the International Engines Division Headquarters in Cheshire, Connecticut New Haven, Connecticut, November 9, 2023 – AdvanceCT is pleased to announce that Hanwha Aerospace is establishing its International Engines Business Headquarters in Cheshire, Connecticut, creating a base for its global engines division. Connecticut was chosen as the center...
CT receives nearly $2B in federal funding for rail projects, including Hartford Line upgrades
Nov 6 2023Connecticut has received nearly $2 billion in federal funding for 10 rail projects across the state from the Infrastructure Investment and Jobs Act.“This grant funding helps address a backlog of major projects and improvements that will help improve the safety and reliability of rail service, offer operational flexibility and provide...
Membrane Distillation Technology Company Finds Partnerships and Business Growth Support in ConnecticutNew Haven, Connecticut, October 16, 2023 – AdvanceCT announces KMX Technologies (KMX), a global leader in the membrane distillation industry, has established its executive headquarters in Sharon, Connecticut.With operations in Ontario, Canada, customers in North America, South American, and...
Part makerspace, appliance microfactory, and design & experience center, CoCREATE opens as a hub for community innovationSTAMFORD, Conn.—October 12, 2023—Today, GE Appliances, a Haier company, together with state education and workforce development leaders, officially opened CoCREATE to the public in Stamford, Conn. Part appliance factory, community makerspace, and design &...
New Haven, Connecticut – September 20th, 2023: AdvanceCT announces the relaunch of CampusCT, an initiative of the Governor’s Workforce Council (GWC) dedicated to growing Connecticut’s talent pool by providing students with more meaningful professional experiences in their college years and highlighting the rich, diverse quality of life in the state. The...
The Association of Public and Land-grant Universities (APLU) has lauded UConn’s positive impact on the state’s economy and innovation culture with a prestigious honor reserved for the country’s best public research institutions.UConn has been named an Innovation and Economic Prosperity (IEP) University. The designation honors the University’s research prowess, public...
HBJ PHOTO | MICHAEL PUFFER
By Michael Puffer
In the four years since Peter Denious left a venture capital firm to become head of the Connecticut Economic Resource Center, he’s helped reshape the organization’s name and mission.
Denious, 56, oversaw CERC’s rebrand to AdvanceCT, and...
AdvanceCT Launches New Workforce Resource Guide
Jul 11 2023Talent Recruitment Guide Now Available for New and Existing Companies Doing Business in Connecticut New Haven, Connecticut – July 11, 2023 – AdvanceCT announces the release of a new Workforce Resource Guide for Connecticut. The Workforce Resource Guide (WRG) is designed to provide information on the wide range of hiring resources...
AdvanceCT Announces Leadership Transition
Jul 6 2023Peter Denious Announces He Will Step Down As CEO September 30John Bourdeaux To Succeed Him New Haven, Connecticut – July 6, 2023 – AdvanceCT announced today that Peter Denious will step down as CEO of AdvanceCT on September 30th and be succeeded by John Bourdeaux, AdvanceCT’s current President and Director of...
Connecticut Sees Jump in Corporate Expansions as Five German Companies Grow Their Operations
New Haven, Connecticut – June 8, 2023 – AdvanceCT today announced that several German companies recently expanded their business or started expansion projects in Connecticut, including TRUMPF, BioMed X, Roehm, BYK North America and...
Fullstack Modular & Governor Ned Lamont Announce Company Relocation and $8-12M Investment In Connecticut
Apr 25 2023The American-made modular innovator exits NYC for the pro-development and innovation-friendly greater New Haven, Connecticut community
NEW HAVEN, Conn., April 24, 2023 /PRNewswire/ -- Today FullStack Modular, the leading innovator in the design, manufacture, and construction of mid- and high-rise multifamily buildings, hotels, and student housing, was welcomed into the Connecticut business community by Governor Ned Lamont as it begins...