.png)
Latest News
News Articles
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 &...
.jpg)
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...
FOR IMMEDIATE RELEASETuesday, September 5, 2023For more information, contact:Brady Moeller The AdvanceCT Economic Development Website Provides Visitors With Easy Access to Data, Information, and Resources9/05/2023 NEW HAVEN, CONNECTICUT -- AdvanceCT is pleased to announce the launch of its new website, developed in collaboration with Golden Shovel Agency, to enhance its online...
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...
Alexander Soule
Feb. 27, 2023
After hiring nearly 4,000 people last year for its Groton shipyard and satellite facilities in New London and Rhode Island, the president of Electric Boat said Monday the company sees the need for at least 3,000 more within a decade — but with...
FARMINGTON, CT, February 22, 2023 – Mott Corporation announced today that it is opening a new 65,000 square-foot facility near its headquarters in Farmington, which will house at least 100 new, local employees helping to grow its clean energy business. The total investment will be tens of millions of dollars in the...
If only there were a metro in the Northeast that had the economic, transportation, higher education and cultural assets of New York and Boston, but without the congestion and high costs of living and real estate that come with them. Actually, there is such a metro in Connecticut’s capital city...
GREENWICH — Financial technology firm iCapital has announced plans to expand its global development team with more than 100 hires, and a significant number of the new employees are set to work out of its downtown Greenwich offices.
iCapital’s offices in Greenwich, Manhattan, and Lisbon, Portugal, are set to be the...
BioMed X establishes its first US-based institute in New Haven with a new immunology research project in collaboration with AbbVie.
January 16, 2023 13:00 ET | Source: BioMed X Institute
HEIDELBERG, Germany, Jan. 16, 2023 (GLOBE NEWSWIRE) -- BioMed X, an independent German biomedical research institute, announced today the extension of...
(HARTFORD, CT) – Governor Ned Lamont today announced that Global Atlantic Financial Group, a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, is growing its operations in Hartford in an expansion plan that includes leasing an additional 11,500 square feet of office space to...
Scangarella leaves Choose New Jersey to Join Connecticut’s Economic Development Team
New Haven, Connecticut, January 9, 2023 – AdvanceCT announces that Catherine (Cathy) Scangarella will be joining the organization as the Executive Vice President of Business Retention and Expansion. Scangarella will lead Connecticut’s efforts to work with...
