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n e w h a v e n b i z . c o m | F e b r u a r y 2 0 2 1 | n e w h a v e n B I Z 3 F R O M T H E E D I T O R S Volume 4 • Number 2 • February 2021 New Haven Biz 900 Chapel Street, New Haven, CT 06510 (203)-937-2148 • www.newhavenbiz.com EDITOR Greg Bordonaro MANAGING EDITOR Michelle Tuccitto Sullo CONTRIBUTING WRITERS Michael Bingham Fran Fried Natalie Missakian Melissa Nicefaro Frank Rizzo Jean Falbo-Sosnovich Patricia Villers DESIGN DIRECTOR Mitchell Hayes PRODUCTION DIRECTOR Kira Beaudoin PRESIDENT & PUBLISHER Tom Curtin CHIEF EXECUTIVE OFFICER Peter Stanton CHIEF FINANCIAL OFFICER/CHIEF OPERATING OFFICER Mary Rogers GROUP PUBLISHER Donna Brassard DIGITAL DIRECTOR Jan Holder AUDIENCE DEVELOPMENT DIRECTOR Valerie Clark EDITORIAL DIRECTOR - CT Greg Bordonaro NEW HAVEN BIZ (ISSN 2639-605X), is published six times annually, 900 Chapel St., 10th Floor, New Haven, CT 06510. Copyright 2018. All rights reserved. Subscriptions: Annual subscriptions are available for $29.95. To subscribe please email circulation@newhavenbiz.com or contact our circulation team at 203-937-2148 ext. 4 New Haven BIZ accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. A division of: New Haven BIZ is a publication of New England Business Media, LLC. I f there is anything the coronavirus pandemic has taught us, it's the need for smart, competent and honest leaders. COVID-19 has changed the way nearly everything operates — whether it's a private-sector business, college, hospital or even the government. Organizations have had to rely on strong leaders who can guide them through that ever-changing landscape. is special issue of New Haven Biz aims to highlight private- and public-sector, nonprofit, higher education and healthcare leaders in Greater New Haven whose power and influence not only changes the organizations they work for but the broader community. is isn't an awards section. New Haven Biz's Power 25 class was chosen and ranked by our news team. To make the list, professionals must not only be in a position of power, they need to wield it in such a way as to have an outsized impact on our community. Power comes in a variety of forms. You can be a CEO, government leader, college president, run a nonprofit, regulate an industry or be an important cog in a highly visible project or trend. In each profile, we explain who the individuals are and why they were chosen for the list. e rankings include a mix of established players as well as some fresh faces to our region. It's important to highlight these leaders not as a vanity project but as a way to bring Greater New Haven's business community together — especially at a time when many of us remain apart. In addition to the Power 25 section, there are several other interesting features in this issue. We spotlight developer and New Haven booster Bruce Becker, whose latest Elm City project is restoring a well-known, but vacant city property into a new boutique hotel. Another story gives advice on how you can protect your business from embezzlement. We also find out how bankers, lawyers and accountants are guiding their commercial customers through another round of the federal government's Paycheck Protection Program. We also feature a growing biotech startup — Athena erapeutics — that is developing a new way to fight deadly pediatric brain tumors and other cancers, and a longtime New Haven small business — Derek Simpson Goldsmith — that's celebrating its 50th year in operation. As always we're curious to know what you think about the issue. Please send us feedback and story ideas. n Michelle Tuccitto Sullo, Managing Editor, msullo@newhavenbiz.com Greg Bordonaro, Editor, gbordonaro@newhavenbiz.com Power and leadership in times of crisis 4 | Business Briefs 5 | By the Numbers 6 | Five to Follow 7 | Corner Office 8 | Biz Spotlight 9 | Startups, Technology & Innovation C O N T E N T S Michelle Tuccitto Sullo T H E L I S T S 13 | Top PPP lenders in Connecticut 26 | Top paid public company CEOs in CT newhavenBIZ 27 | What's the Deal? 29 | Viewpoint 29 | C-Suite 30 | Biz Starts 7 | Corner Office A fih generation takes over family-owned e Siemon Co. 10 | Q&A: Jeff Hubbard Liberty Bank's Jeff Hubbard talks expansion plans and new role as CBIA chair. 12 | Financial Lifeline New Haven small businesses eye more Paycheck Protection Program funding for survival. 14 | Stopping Embezzlement Find out how to protect your business from the thief within. 16 | Artistic Vision Find out what makes Bruce Becker a one-of a-kind developer. 18 | Focus: Power 25 Meet Greater New Haven's top movers and shakers. 27 | What's the Deal? A New Haven apartment property sells for $50 million. F E A T U R E S D E P A R T M E N T S Greg Bordonaro 7 8 14