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n e w h a v e n b i z . c o m | S e p t e m b e r 2 0 2 2 | n e w h a v e n B I Z 5 A r o u n d t h e R e g i o n workforce. The restructuring was announced as part of Sema4's second quarter financial results. The company has eliminated about 30% of its positions, including layoffs that occurred during the first half of the year. Sema4 plans to move its hereditary cancer testing operations from Stamford to Gaithersburg, Maryland at the end of the third quarter, according to the announcement. It's also leaving the somatic tumor- testing business and will close its clinical laboratory in Branford effective Dec. 31. Moving forward, Sema4 will focus on building the company's health-insights business. M&T Bank brings 'Spotlight Shop' concept to CT M&T Bank has started its "Spotlight Shop" concept in the state to provide small businesses with a chance to showcase their products from a pop-up space. The concept launched in Bridgeport, at Captain's Cove Seaport, but will periodically move to different locations around the state. Spotlight Shop is a 240-square- foot modular retail space with folding walls that can be moved to BY THE NUMBERS 3.7% The state's unemployment rate as of July, according to the Department of Labor. various locations. Businesses from around the state will take turns using it for two-week periods. Visit Spotlight Shop's website at https://www3.mtb.com/ spotlightshop for the latest information and locations. CONMED Corp. to purchase New Haven's Biorez CONMED Corp. recently entered into an agreement to acquire New Haven-based medical technology company Biorez Inc. e deal is for cash consideration of $85 million at closing, with up to an additional $165 million in growth-based earnout payments over a four-year period, according to an announcement. CONMED, a medtech headquartered in Largo, Florida, provides surgical devices and equipment ranging from suture anchors to power tools to products used for cartilage and tissue grafts. Biorez is known for its FDA- approved BioBrace implant technology. The implant acts as a scaffold to reinforce soft tissue and help the healing process for procedures, including knee and rotator cuff surgeries, according to the company. n $70M The amount earmarked for a job-training program launched in August by the Connecticut Office of Workforce Strategy. 8.5% The percentage increase in inflation in July, led by higher prices for food and shelter, according to the U.S. Bureau of Labor Statistics. $1,879 The median listed rent in the 50 largest U.S. metropolitan areas as of July, according to a Realtor.com report. SINGLE SOURCE DESIGN/BUILD EFFICIENT. QUALITY. COST-EFFECIVE. The company that builds and installs the critical systems in virtually every type of facility is the same company you can rely on to maintain them. For over 50 years, our clients have trusted us to provide sustainable, more efficient, greener facilities. Experts in: Design/Build, Pre-Construction, Service, LEED Capabilities 860.871.1111 Toll Free: 800.741.6367 nemsi.com MECHANICAL | ELECTRICAL | PLUMBING | SHEET METAL | BUILDING AUTOMATION | FACILITIES SERVICES License #'s: E1-0125666 S1-302974 P1-203519 F1-10498 SM1-192 MC-1134