Issue link: https://nebusinessmedia.uberflip.com/i/1371910
3 HARTFORDBUSINESS.COM | MAY 17, 2021 BIZ BRIEFS Honorable Shawn T. Wooden Treasurer of the State of Connec cut NEW ISSUE/REFUNDING $1,000,000,000 * State of Connec cut Preliminary Pricing Dates Expected Tax Status ** For more informa on on these Bonds, including the Preliminary Official Statement, please visit www.BuyCTBonds.com or contact any of the firms below Retail Order Period: Tuesday, May 18, 2021 * (not all bonds will be offered for retail) Interest on the Bonds is exempt from State taxes for Connec cut residents; Interest on the 2021B, C and D Bonds is federally tax-exempt; Interest on the Taxable 2021A Bonds is federally taxable Ins tu onal Pricing: Wednesday, May 19, 2021 * *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 Official Statement 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 by any sale of the Bonds in any jurisdic on in which an offer, soli cia on or sale would be unlawful prior to the registra on or qualifica on under the securi es law in any such jurisdic on. Bonds are subject to availability. The Bonds will only be sold by means of an Official Statement. ***Co-managing underwriters for the tax-exempt 2021B, 2021C and 2021D Bonds only; not members of the syndicate for the Taxable 2021A Bonds. General Obliga on Bonds (2021 Series B) (Social Bonds) General Obliga on Refunding Bonds (2021 Series C) General Obliga on Refunding Bonds (2021 Series D) (Forward Delivery) (Social Bonds) Taxable General Obliga on Bonds (2021 Series A) BofA Securi es 888.768.6999 Senior Underwriters Co-Senior Underwriters Co-Managing Underwriters *** UBS 860.727.1527 Barclays Capital 212.528.1115 Ci group 855.644.7252 Ramirez & Co., Inc 800.888.4086 Roosevelt & Cross Incorporated 800.348.3426 American Veterans Group, PBC 646.933.8387 AmeriVet Securi es 646.809.6937 Bancro Capital 484.546.8000 FHN Financial Capital Markets 800.934.8960 Goldman Sachs & Co., LLC 917.343.7900 Janney Montgomery Sco 800.822.2014 Loop Capital Markets 888.294.8898 Mesirow Financial, Inc. 800.588.7290 Morgan Stanley 203.661.3330 Mul -Bank Securi es 888.847.6963 PNC Capital Markets 800.622.7086 RBC Capital Markets 800.243.2478 Baird 800.792.2473 Roberts & Ryan 646.542.0012 Siebert Williams Shank & Co. 800.334.6800 S fel 800.679.5446 UMB Bank, N.A. 888.718.1556 Connecticut 2021 tourism marketing campaign. The former West Gate Apartments, now renamed Eagle Rock Apartments at West Hartford, following a recent sale. PHOTO | CONTRIBUTED PHOTO | COSTAR Lamont signs telehealth pay- parity bill despite insurer concerns Gov. Ned Lamont has signed a bill requiring health insurers to pay for virtual health visits at the same rate as in-person care for the next two years, even as health insurers registered strong opposition. The measure, which was approved by the House and Senate, extends the pay parity provisions for virtual care, known as telehealth, that were adopted on an emergency basis at the start of the COVID-19 pandemic. Pay parity is extended under the law until June 2023. Insurers have objected to the measure arguing it bypasses traditional negotiations with the industry on actions that could impact their operations and increase costs. CT launches $1.2M summer tourism campaign as reopening continues After a year of lockdowns and travel restrictions, the Connecticut Office of Tourism has launched a new, $1.2 million summer marketing campaign in hopes of increasing visits to beaches, parks, cultural venues, restaurants and other attractions. The "Say Yes to Connecticut" multimedia campaign officially started May 1, and will continue through Sept. 6, Labor Day, with ads airing on television and social media sites such as Facebook and Instagram, according to state tourism officials. The effort is also expected to incorporate paid search marketing, email marketing and new content published through CTvisit.com, Connecticut's official tourism website. Marketing materials will feature hundreds of businesses and recreation sites across the state, including inns, bed-and-breakfasts, restaurants, museums, historical attractions, farms, wineries, breweries, state parks, beaches, nature centers and shopping destinations. CEO survey: Connecticut 43rd best state for business in 2021 Connecticut is the 43rd-best state in the country for business in 2021, according to a new poll of the nation's CEOs, a low ranking that nonetheless marks a three-place improvement since last year. The annual survey, carried out by Chief Executive magazine, saw Connecticut rise from No. 46 in 2020, in part due to "strong, pragmatic" leadership from Gov. Ned Lamont during the COVID-19 pandemic. The ascent put Connecticut ahead of neighbors such as Massachusetts (No. 45) and New York (No. 49), as well as traditionally higher-performing states, like Washington, which fell from the 44th spot to No. 46. Lamont has been generally praised for his handling of the health crisis and also overseen a faster reopening schedule than most of his Democratic counterparts, with nearly all COVID- related restrictions expected to be eliminated by May 19. Still, Connecticut remains near the back of the pack in the view of most American CEOs, beset, as the magazine noted, by high costs, including from taxes and electricity prices. West Hartford's West Gate Apts. sold for $31.5M, renamed Doubling its Connecticut holdings, a New York property investor recently acquired the 186-unit West Gate Apartments in West Hartford for $31.5 million. An LLC controlled by Long Island- based Eagle Rock Properties purchased the four-building multifamily property at 1248 Farmington Ave. on April 30, land records show. Eagle Rock operates 46 apartment communities in all, with more than 7,000 total rental units across New Jersey, New York, Maryland and Connecticut. West Gate, now renamed Eagle Rock Apartments at West Hartford, joins the company's other Connecticut multifamily community, the 165-unit Summit at Mill Ridge in East Haven. LAZ buys California parking meter-management company Hartford's LAZ Parking announced it bought Los Angeles-based Serco Parking Services, a provider of parking enforcement and parking meter management services to local governments. The deal closed May 1; terms were not disclosed. The acquisition increases the number of metered spaces LAZ manages nationally by 40,000 and brings total meter revenue collected annually to nearly $300 million, more than doubling the amount LAZ took in prior to the acquisition, the company said. Serco employs 230 people and contracts with cities including San Francisco, West Hollywood and Inglewood, Calif., and Montgomery County, Maryland. Wethersfield law firm relocates to Glastonbury's Somerset Square Wethersfield law firm O'Sullivan McCormack Jensen & Bliss has relocated to Glastonbury. The eight-employee firm, which specializes in business and insurance litigation, has signed a lease to occupy 3,310 square feet Ion Bank sells insurance arm to Chicago brokerage firm Hub International, a global insurance brokerage headquartered in Chicago, has acquired Cheshire- based Ion Insurance Corp., an affiliate of Ion Bank. Company officials said Ion Insurance will become part of Hub's New England unit and "spearhead and execute" on the firm's strategy in Connecticut specifically. A purchase price was not disclosed. David Rotatori, president and CEO of Ion Bank, said the sale will allow the bank to continue its expansion into other Connecticut towns and cities. of space at 180 Glastonbury Blvd. It relocated as of May 1. The firm was previously located at the Putnam Park office complex in Wethersfield, at 100 Great Meadow Road. Ion Bank CEO David Rotatori. PHOTO | CONTRIBUTED