Issue link: https://nebusinessmedia.uberflip.com/i/1175838
4 Hartford Business Journal • October 14, 2019 • www.HartfordBusiness.com Developer proposes $14M Windsor hotel A Groton-based developer wants to build a $14 million Holiday Inn Express & Suites hotel on former tobacco farmland in Windsor. Jimmy Patel has filed an application with the town to erect the four-story, 108-room extended-stay hotel at 777 Day Hill Road. The hotel would span over 65,000 square feet, Patel said. Mark Greenberg, a prominent landlord in the area, owns the 18-acre site and the abutting land that is home to the Northeast's largest fastpitch softball facility. Greenberg said he will lease the land to Patel, who will own and operate the Holiday Inn hotel. Hartford InsurTech accelerator sees more startup applicants A growing number of global startups are showing interest in Hartford InsurTech Hub's annual accelerator program. Organizers of the third annual accelerator that begins in February say they received 32 percent more applications this year compared to a year ago. In total, the accelerator has narrowed down a pool of 355 applicants, from 56 countries, to about 20 startups scheduled to participate in its Selection Days event at Upward Hartford, 20 Church St., from Nov. 12 to Nov. 13. Tenant prospect could bring 700 jobs to Manchester warehouse The owner of J.C. Penney's former LAST WEEK'S POLL RESULTS: Are you against or in favor of Connecticut's new paid family medical leave program? NEXT WEEK'S POLL: Should municipalities like Middletown encourage more development along the Connecticut River, despite flood risks? To vote, go online to hartfordbusiness.com 74% Against 26% In favor winter. It's being replaced by a new higher-capacity pumping station under construction on East Main Street. The new facility, part of a $60 million project, will make it possi- ble to route Middletown's sewage several miles north to a Cromwell treatment facility owned by the Mattabassett District. Middletown plans to pursue state brownfield grants to remediate the old pumping station site. After that, the city will issue a development request for proposals, possibly by next summer, Samolis said. Meanwhile, the state is in the planning stages of a project that would redesign a key, heavily traf- ficked Route 9 intersection that splits the riverfront from down- town Middletown. Samolis hopes the project can help spur the construction of a new pedestrian bridge across the high- way and improvements to nearby Union Street, spurring better public access to the riverfront. >> Town Profile continued LATEST HEADLINES HARTFORDBUSINESS.COM POLL Middletown General Land area (sq. miles) 41 Median age 36 Population (2020) 49,855 Median household income $63,828 Unemployment rate 5.1% Major Employers • Middlesex Hospital • Connecticut Valley Hospital • Whiting Forensic Institute • State Police • Wesleyan University Housing stock Median price $228,500 Median rent $1,062 Government Total revenue (2016) $155,794,000 Per capita tax $2,465 Mill rate 36 Grand list $3,458,455,940 Economy Top employment industries Units Jobs Health care and social assistance 167 6,270 Government 52 4,968 Manufacturing 61 4,038 Top taxpayers (2015) Eversource $128,506,430 Aetna $124,435,730 Kleen Energy Systems $65,397,630 Source: Connecticut Economic Resource Center Middletown's riverfront could add a public park with a stage or public dock. RENDERING | CONTRIBUTED Rendering of proposed Holiday Inn Express in Windsor. RENDERING | CONTRIBUTED