Hartford Business Journal

July 13, 2020

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No in-person Hartford Marathon in 2020 amid pandemic The 27th annual Hartford Marathon this fall will not be held downtown in front of tens of thousands of spectators due to concerns over coronavirus, but race organizers are planning a virtual event to help raise money for nonprofits. Organizers of the 2020 Eversource Hartford Marathon and Half Marathon announced the original scheduled race on Oct. 10 has been canceled. Instead, runners can sign up for a virtual race and run on their own over four days between Oct. 8 through Oct. 11. Goodwin University lands Rebel Dog Coffee as tenant for $8M commercial building Goodwin University has secured Rebel Dog Coffee Co. as the second committed tenant for its $8-million commercial building meant to expand and revitalize the East Hartford school's riverside campus. Rebel Dog Coffee, which operates locations in Plainville and Farmington, signed a lease this spring to occupy roughly 2,500 square feet of ground- level space at the three-floor commercial building. The coffee shop will be located next to an American Eagle Financial Credit Union branch. Both tenants are expected to begin operating when the fall semester begins in September. Feds: CT's 1Q economy declined 4.6% Connecticut's $288-billion economy shrunk 4.6% in the first quarter of 2020, putting it on pace with the national average and ahead of other Northeast states as the country deals with the economic fallout of the coronavirus pandemic, new data shows. The state's Gross Domestic Product (GDP), or the market value of goods and services produced by labor and properties, adjusted for inflation, fell 4.6% from Jan. 1 to March 31, according to the U.S. Bureau of Economic Analysis. Economies in all 50 U.S. states and Washington, D.C., shrunk between a range of 1.3% (Nebraska) and 8.2% (New York and Nevada). Hartford development director Johnson departs Hartford development-services director Erik Johnson, who has overseen the city's economic development efforts since 2018, is leaving his post. Hartford Mayor Luke Bronin said Johnson, who was hired in Sept. 2018, would pursue other professional opportunities, but did not further explain why he was resigning. Johnson said the move was his decision. I. Charles Mathews, a former deputy mayor and chair of the Hartford Stadium Authority, will serve as acting director of development services effective immediately. Windsor pharmaceutical biz expands footprint by 40% Arkansas-based SCA Pharmaceuticals LLC has expanded its Windsor manufacturing site by nearly 60,000 square feet, brokers say. SCA Pharmaceuticals, which opened the Rainbow Road facility in fall 2017, recently expanded its presence there by 40% and now occupies 148,585 square feet, according to broker Sentry Commercial. Its operation includes a variety of office, manufacturing, laboratory and warehouse space. Here are the costliest drugs covered by CT's state health plan Connecticut's government employee health plan spends roughly $300 million a year on prescription drugs, and newly issued data details some of the biggest cost drivers in that figure. The Office of Health Strategy (OHS) recently released several reports showing that antiarthritic medications Humira and Enbrel were the two outpatient drugs with the highest gross costs, both in 2019 and for the 2016- 2019 period analyzed. From 2016 to 2019, Humira and Enbrel cost the state $58 million and $30.3 million, respectively. Global staffing agency to debut Hartford office An international staffing agency based in Ireland says it's launching a new Hartford office. Mackin Talent, which already has nine U.S. locations, announced it's breaking into the Capital City to expand its talent sourcing and recruitment footprint in the Northeast. It's not yet clear when and where Mackin will operate in Hartford, or how many people it will employ. Hartford trampoline park expected to close; space up for lease Hartford's indoor Launch Trampoline Park is not expected to reopen as the owners of the commercial building on Brainard Road are seeking new tenants for the facility. Broker Sentry Commercial recently listed the entire 44,559-square-foot building, half of which is currently vacant, for lease on its website. A source familiar with the situation told HBJ Launch Trampoline Park will not reopen in its roughly 22,500-square-foot space due to financial woes it experienced before the coronavirus outbreak. bankatpeoples.com Member FDIC/Member DIF Business A's to your Business Q's Meet our team bankatpeoples.com/businessteam LATEST HEADLINES >> Latest Headlines continued The Hartford Marathon will not be run in downtown Hartford this year, another blow to small businesses. PHOTO | CONTRIBUTED

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