Hartford Business Journal

4 HARTFORDBUSINESS.COM | October 10, 2022 BIZ BRIEFS year-over-year inflation. "We very much appreciate how expensive it is getting for all our people to commute," Fraser told the committee. "We're very mindful around that, as well as being flexible for working families, and providing them more options. Additional facil- ities and spaces for them to work, either at home or in New Jersey or Connecticut, are certainly things we've been looking at actively in the tri-state area." Simsbury Performing Arts Center expansion approved A roughly 3,000-square-foot addition to the Simsbury Meadows Performing Arts Center has received zoning approvals from the town and is expected to begin this fall. The upgrade will transform the facility at 22 Iron Horse Blvd., into a "truly professional venue with all the appropriate infrastructure needed to attract outdoor promoters, rental clients and even enable the (center) to affordably produce its own shows," the applicant, Bill Clegg, project manager with JLC Interiors, wrote. The project includes dressing rooms, public and private restrooms, office space and back-of-house improvements. at actively in the tri-state area." CT 2Q GDP declined 4.7% Real gross domestic product decreased 4.7% in Connecticut during the second quarter of 2022, one of the steepest declines in the nation, according to the U.S. Bureau of Economic Analysis. Real gross domestic product decreased in 40 states and the District of Columbia in the second quarter of 2022, with the percent change in real GDP ranging from 1.8% in Texas to –4.8% in Wyoming, BES data shows. The finance and insurance industry was the leading contributor to the decrease in Connecticut, which expe- rienced the second-largest decrease in the country, according to BES. State officials noted the economic news wasn't all bad. For example, the Bureau of Economic Analysis revised its first quarter GDP estimate for Connecticut from a 1.4% decline to a 5.5% increase, one of the strongest growth rates in the country. And over the past 12 months, Connecticut's real GDP growth of 1.2% ranks 24th of 50 states. Boston bioscience company to relocate headquarters, lab to Woodbridge A clinical-stage nonprofit biotech- nology company, Cure Rare Disease, has acquired its first laboratory space in Woodbridge. The organization will relocate its Boston headquarters to the 30,000-square-foot facility at 4 Research Drive and expand its research and development opera- tions. The company plans to lease 15,000 square feet to other life science and healthcare firms. Cure Rare Disease develops therapeutics for rare and ultra-rare neuromuscular diseases, such as two rare types of muscular dystrophy, known as Duchenne and Becker. Company founder and CEO Rich Horgan's brother, Terry, was diagnosed with Duchenne muscular dystrophy in 1999. There is no cure, but Horgan hopes to change that. The space will be renovated through the end of 2022 and into 2023, with New Haven firm Svigal+Partners overseeing the architectural work. Large West Hartford office complex plans mixed-use redevelopment, starting with new Starbucks A lawyer representing the owner of West Hartford's largest office complex says plans to open a Star- bucks are a prelude to a mixed-use redevelopment that will expand a medical building and, eventually, include new housing. Corporate Center West Associates LLC owns a 140,370-square-foot office building on nearly 14 commer- cially zoned acres at 433 South Main St. It has filed an application to amend a special development district and break off a 1-acre parcel for use by a new Starbucks. This is the first step in a broader mixed-use development of 433 South Main St., and two abutting properties. That redevelopment will include a 24,306-square-foot expan- sion of the existing 12,400-square- foot Hartford HealthCare facility at 445 South Main St., and plans for an unspecified residential develop- ment, plans show. & GO TO >> HARTFORDBUSINESS.COM/HBJ-EVENTS CLICK ON C-SUITE & LIFETIME ACHIEVEMENT AWARDS TO REGISTER PRESENTING SPONSOR: MAJOR SPONSOR: OCTOBER 27, 2022 | 5:30 - 8:30 PM FARMINGTON GARDENS, FARMINGTON, CT COST: $125 PRE-REGISTRATION REQUIRED Please join us for this special event as we network with and celebrate the 2022 Class of C-Suite and Lifetime Achievement honorees! JOIN US! Kevin Dillon, Executive Director, Connecticut Airport Authority John Driscoll, Chief Executive Officer, CareCentrix Karen Goyette, Chief Strategy and Transformation Officer, Hartford HealthCare Tarun Gupta, Co-Founder, Chief Business & Strategy Officer, Truminds Software Systems Inc. Shannon Marimon, Executive Director, ReadyCT Carlos Marrero, Chief Executive Officer, Leo Clinic James Michel, Chief Executive Officer, Access Health CT Michael Orce, COO, Robinson & Cole LLP Luis Perez, President & CEO, Mental Health Connecticut Ron Perine, Managing Principal & CEO, Mintz + Hoke Jim Shmerling, Chief Executive Officer, Connecticut Children's Medical Center 2022 C-SUITE HONOREES SPECIAL EVENT FEATURE: "A conversation with our 2022 Lifetime Achievement Honorees" Jeff rey S. Hoff man & I. Bradley Hoff man - Co-chairs, Hoff man Auto Group

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