New Haven Biz-Janaury 4, 2021

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n e w h a v e n b i z . c o m | J a n u a r y 2 0 2 1 | n e w h a v e n B I Z 5 BY THE NUMBERS A r o u n d t h e R e g i o n Sportech Venues Inc., a division of Sportech PLC, holds the exclusive license for off-track betting in Con- necticut, with a portion of wagers going toward the Connecticut General Fund and municipal tax funds. It operates wagering venues and sports bars around the state, including at the Long Wharf Drive location. Once the sale is finalized, Sportech plans to sign a $300,000 lease to use the property for six months. During this time, Sportech plans to evaluate its options for alternative locations for its Winners business and North American headquarters. Sportech PLC works with gaming companies, sports teams, racetracks, casinos and lottery clients around the world. Globally, it has more than 29,000 betting terminals deployed to some 400 clients in 38 countries. UNH bond rating lowered amid pandemic impact Budgetary fallout from the COVID-19 pandemic recently led S&P Global Ratings to lower its bond rating for the University of New Haven, but the agency upgraded the university's outlook from negative to stable. e agency gave a BBB- rating for Con- necticut Health & Educational Facilities Authority's (CHEFA) series K-1 and K-3 revenue bonds issued for the university, down one notch from its previous rating of BBB. S&P credit analyst Kevin Barry said the rating "reflects our opinion of the univer- sity's trend of smaller positive operating margins and weakened available resources, which are no longer commensurate with those of 'BBB' rated peers." Bigelow Tea opens new warehouse in Orange Bigelow Tea, the Fairfield-based company known for its wide array of teas, opened its new warehouse distribution center in Orange in December. e family-owned company, which sells over 150 varieties of tea, originally announced in August that it planned to expand its presence in the state by leasing the 41,600-square-foot warehouse, which is at 35 Executive Blvd. e company signed an eight-year lease for the site, which will allow it to expand its PHOTO | FILE IMAGE The Sports Haven property on Long Wharf Drive in New Haven. 33.3% The percentage of small businesses Connecticut has lost since January due to the coronavirus pandemic, according to Opportunity Tracker, a nonpartisan research and policy institute located at Harvard. 19,787 The number of first-year applications Hamden's Quinnipiac University received for its 2020-21 school year, which was down 12.6 percent from the previous year. $8B The amount of money the state's two tribal casino operators — Mashantucket Pequots and Mohegan tribes — have paid to the state via slot revenues since 1993. $20M The rate increase Connecticut Water Co. plans to ask regulators to approve on its 106,000 Connecticut customers. Continued on page 6 What Can We Do For You? 860.871.1111 55 Gerber Road East, South Windsor, CT 06074 For over 50 years, clients have counted on NEMSI for: HVAC, Plumbing and Process Piping | Electrical Services Energy Management Systems | LEED Certification Programs Design-Build Construction | 24/7/365 Emergency Response Comprehensive Preventive Maintenance Programs NEMS's Recent Awards Include: » ABC Platinum Safety Award » ABC Accredited Quality Contractor (ABC-AQC) » ABC Excellence in Construction Award » ABC Specialty Contractor of the Year » Contracting Business First Place Design/Build Award License #s: E1-0125666 • S1-302974 • P1-203519 F1-10498 • SM1-192 • MC-1134 Offices in: New London | Trumbull | Pawtucket, RI Palmer, MA | Manchester, NH | Albany, NY So You Can Focus On Your Business We focus on your facilities ES_NEMSI HBJ Hlf pg_201221.indd 1 ES_NEMSI HBJ Hlf pg_201221.indd 1 12/21/20 5:05 PM 12/21/20 5:05 PM

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