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www.HartfordBusiness.com • September 24, 2018 • Hartford Business Journal 5 TheaterWorks pivots to Wadsworth during renovations TheaterWorks will perform two, month-long productions next year at the Wadsworth Atheneum Museum of Art as it continues its $4 million renovation project into 2019, officials said. Rob Ruggiero, TheaterWorks' producing artistic director, announced Wadsworth, at 600 Main St., will host its productions of "Actually" from May 23 to June 23, 2019, and "Fully Committed," from Aug. 1 to Sept. 1. Ruggiero said the theater company chose Wadsworth as its temporary venue to stay within a walkable distance from its downtown Hartford home at the City Arts on Pearl at 233 Pearl St, which is getting a $4 million face-lift. Spurned E. Hartford lender plans layoffs An East Hartford financier that assists distressed mortgage borrowers says it plans to lay off as many as 35 Connecticut workers and scrap its headquarters expansion amid a staff- licensing flap with state bank regulators. John DiIorio, CEO of 1st Alliance Lending LLC, which planned to move to a larger headquarters in Vernon, blamed the state Banking Department's requirement that staff of mortgage lenders be licensed if their jobs require them to interact with consumers. In a statement, DiIorio said state and federal law only require such "costly licenses" in instances where mortgage employees "take a mortgage application'' or "negotiate loan rates." He said negotiations broke down with state bank regulators over the staff- licensing requirement, and cast it as "overregulation and desperate revenue grabbing.'' The state Banking Department, in a statement declined comment, noting it has yet to issue any recent formal administrative action against 1st Alliance. McLadden's restaurants acquired by Mass. group A Massachusetts restaurant group says it has acquired McLadden's restaurants in West Hartford, Simsbury and Northampton, Mass. Bean Restaurant Group announced it completed the purchase of McLadden Restaurant Group, owned by Michael McLadden, which includes three Irish pubs and the space formerly occupied by West Hartford speakeasy-themed eatery, Noble & Co. Financial terms were not disclosed. The new owners said they will build off McLadden's established brand with minor renovations and an updated menu. Meantime, the restaurant partners closed Noble & Co. about six weeks ago and began renovating the space into an American-style bistro. St. Francis breaks ground on $26.2M orthopedic surgery center in Hartford St. Francis Hospital and Medical Center and its partners recently broke ground on a $26.2 million, 35,000-square-foot orthopedic and pain ambulatory surgery center in Hartford. The joint project between St. Francis, Lighthouse Surgeons and Woodland Anesthesiology Associates, will be named the Orthopedic and Spine Surgery Center and located at 129 Woodland St. The center will house six orthopedic operating rooms, a procedure room and a 26-bay rehabilitation and physician space, serving various patients including those suffering from spine injuries. 14 Bobala Road 3rd Floor Holyoke, MA 01040 Tel: 413.536.3970 www.WAdvising.com Headquarters 280 Trumbull St 24th Floor Hartford, CT 06103 Tel: 860.522.3111 One Hamden Center 2319 Whitney Ave, Suite 2A Hamden, CT 06518 Tel: 203.397.2525 With the changes brought about in the new tax law, it's more important than ever to review your tax strategy. Be sure to investigate: • Research and Development Tax Credits • Hiring Incentives • Export Tax Saving Opportunities • Maximizing the Lower Tax Rates A tax planning session can help identify opportunities to manage your tax liability. Contact a Whittlesey Advisor for a tax consultation. 860.522.3111 Have a Tax Strategy? It's not too late. ASSURANCE | ADVISORY | TAX | TECHNOLOGY TheaterWorks' Pearl Street location. PHOTO | HBJ FILE