This time last year, there was growing concern that the economy was slowing down. But it appears, a year later, those concerns were not realized (thankfully). As we were recovering from the 2008 recession, one of my anecdotal barometers of the economic recovery was observing the increased volume of parcel delivery trucks on the roads. It signaled that consumers were feeling confident enough to spend money on goods that may not have been necessities of pent up demand.
Recently the Hartford Business Journal discussed tourism in Connecticut and the potential need to rebrand the state—again. This has caused many to question the sizable investment in repeated branding efforts and the return on those investments. As we think about how Connecticut brands itself in the tourism industry, we also must think about how we market ourselves to businesses.
Small business entrepreneurs are the engine that powers economic development across Connecticut’s communities.In this episode of CERCONOMY, Mark Cousineau, the president of Community Investment Corporation, joins AdvanceCT’s Erron Smith to share how CIC Lending provides creative financing options to small business borrowers, and is an agent for economic development in Connecticut.
In this episode of CERCONOMY, Jessica Inacio and Erron Smith continue the discussion on site selectors, sharing what a RFI (request for information) looks like, who site selector consultants are reaching out to, how municipalities "hold the keys to the kingdom," and what the role is for a public-private partnership within the process.
In this episode of CERCONOMY, Erron Smith and Jessica Inacio dive into the topic of site selectors - what a site selector consultant is and how they serve companies looking to expand, locate, or relocate. What are the important factors that site selectors consider? And how can economic development organizations, municipalities, and utilities build relationships with site selectors to make their communities more attractive to new investments?
Hard to believe that there are only a few weeks left in 2017, but its true.
This time of year, many organizations take a look back and evaluate the success of new paths traveled which may reflect an organizational strategy shift, or the launch of a new product or service option that was created and implemented throughout the year, consider adjustments, and make tweaks where necessary to enhance performance and increase the chances for success in the following year.
Looking back, this year has been full of success and transition. In Real Estate services, we were able to continue the delivery of the SiteFinder Showcase series, which was held at the newly developed Corsair Apartments in New Haven. Fortunate to welcome New Haven Mayor Toni Harp, Developers David Salinas and John McFadyen, and DECD Deputy Commissioner Tim Sullivan, for a discussion about Building Vibrant Communities and adaptive reuse, highlighting the importance of returning non-revenue generating real estate back to tax-producing assets, and the best practices to achieve and attract those types of projects.
The summer's end is almost upon us, but before we prepare for autumn, it's time for our 3rd AdvanceCT SiteFinder Member Appreciation Golf Outing. We have reserved time at Lyman Orchards Golf Course on Thursday, August 25th as the day to show our appreciation for our SiteFinder members and acknowledge how valuable their partnership is during all phases of the economic development process.
Building Vibrant Communities was the theme for the annual AdvanceCT SiteFinder® Showcase hosted by the AdvanceCT and held at the new Corsair Apartments in New Haven with nearly 65 real estate and economic development professionals.
Although we are experiencing some unseasonable chilly weather for April, I can assure you that things are heating up here at AdvanceCT, as if it were August! Our focus on international business recruitment has resulted in many visits to the state from international CEOs over the past number of months. These visits have brought about an increasing number of agreements to establish a presence in Connecticut. In most cases, these expansion and relocation projects represent the company's first venture into the US market, and expansions that will support net new job creation within the state. Further evidence that the US market is viewed globally as stable and attractive for business growth.