Hartford Business Journal

www.HartfordBusiness.com • December 9, 2019 • Hartford Business Journal 15 NEW ISSUE/REFUNDING ISSUE Honorable Shawn T. Wooden Treasurer of the State of Connecticut State of Connecticut $700,000,000* General Obliga on Bonds, 2020 Series A $197,955,000* General Obliga on Refunding Bonds, 2020 Series B Preliminary Pricing Informa on Expected Tax Status Interest is exempt from federal income tax, and for Connec cut residents is also state tax-exempt.** For more informa on on these Bonds, including the Preliminary Official Statement, please visit: www.BuyCTBonds.com *Preliminary, subject to change. ** Before purchasing any Bonds, contact your tax advisor to determine any applicable federal, state and local tax consequences. These Bonds may not be sold, nor may offers to buy be accepted, prior to the me an Official Statement is delivered in final form. Under no circumstances shall this announcement cons tute an offer to sell or a solicita on of an offer to buy, nor shall there be any sale of the Bonds in any jurisdic on in which an offer, solicita on or sale would be unlawful prior to registra on or qualifica on under the securi es law of any such jurisdic on. The Bonds will only be sold by means of an Official Statement. Retail Order Period* December 11, 2019 Ins tu onal Pricing* December 12, 2019 Delivery Date* January 7, 2020 that come along with new hires. A second phase of the initiative includes renovating and expanding a full floor of entrepreneurial labs at the UConn School of Medicine building in Farmington. The 30,000 square feet of TIP labs across the street from the medical school would also be used by innovators, Maric said. Two or three faculty would be selected to lead academic entrepre- neurship. "This is a once-in-a-generation opportunity for the university to leapfrog its peers … ," the plan states. UConn is scheduled to present the proposal Dec. 13 to CBIF's sub- committee, which could then recom- mend putting it up for a board vote. The $10-million request would mark CBIF's largest-ever deal. As of June, CBIF had committed $84 mil- lion to support 50 companies and 11 not-for-profits. Connecticut Innovations CEO Matthew McCooe, one of 13 CBIF board members, said UConn's request is "very unusual" and will face a fair amount of scrutiny. But McCooe said he supports the plan because the timing is ideal for UConn to pursue millions of dollars in new research funding due to Katsouleas' arrival. "I'm confident it will work out," he said. "The new president is ask- ing for a war chest to go and com- pete to recruit the most talented faculty across the globe. What's not to like about that?" UConn's bioscience talent As UConn looks to ramp up hiring of top entre- preneurial faculty, the school says it already has a track record of hiring world-class bioscience researchers. Here are a few recent hires: Dr. Riqiang Yang, a leading neuro- science expert who was recruited from Cleveland Clinic bringing with him five National Institutes of Health (NIH) grants. Dr. Se-Jin Lee, a world-renowned genomics expert who is a fellow at the National Academy of Inventors and was recruited from John Hopkins University. Dr. Fumiko Hoeft, an acclaimed neuroscience and psychology expert who was recruited from the University of California, San Francisco, to serve as director of the Brain Imaging Research Center and the Laboratory for Learning Engineering and Neutral Systems.

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