Issue link: https://nebusinessmedia.uberflip.com/i/1482136
HARTFORDBUSINESS.COM | October 24, 2022 23 Your Local Cash Management Specialist Here to Help Your Local Business Flourish. Sherrie Dubois, Cash Management Specialist SDubois@ThomastonSB.com | 860.283.3651 Member FDIC ThomastonSB.com | 855.344.1874 ACH Origination, Positive Pay, Remote Deposit Capture & More Attempts to do that could backfire, he said. It's harder for fully remote workers to understand or embrace a company culture, and work is better done in person for collaboration, brain- storming and mentoring purposes, he said. "I'd say replacing Connecticut workers with other workers is not common," Goroshko said. "I think, over the long haul, the concept of engagement, working with others in the office setting is still the best option, especially from a mentoring standpoint. Young folks coming out of college are looking for mentoring opportunities and you can't get that looking at a screen and watching everything on Zoom." Experts said there are some bright signs in Connecticut's financial activities sector. UConn's Carstensen noted that health insurer Cigna's recent deci- sion to invest $386 million to reno- vate its Windsor data center was "highly encouraging." "We need data centers and IT infrastructure in the state," Carstensen said because they help fuel various industries, including financial services. Connecticut in 2021 adopted new incentives for data centers, although they haven't spurred much activity to date. Susan Winkler — vice presi- dent and executive director of the Connecticut Insurance and Financial Services cluster, an arm of the MetroHartford Alliance — said the state is still seen by many as an "international hub" of insurance and financial services activity. She pointed to the March 2022 formal agreement between the United Kingdom and several Connecticut governmental entities to launch a new Insurtech Corridor. The collaboration, Winkler said, is expected to allow participating U.K. and Connecticut companies to: access resources to accelerate busi- ness growth; connect with business development and investment oppor- tunities; and streamline the U.S. and U.K. market entry by leveraging the local insurance ecosystems. "We forged this agreement because, we recognize, that between Hartford and London, these are two centers of insurtech global tech influence," Winkler said. 155,000 150,000 145,000 140,000 135,000 130,000 125,000 120,000 115,000 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 EMPLOYMENT IN CT'S FINANCIAL ACTIVITIES SECTOR Source: State of Connecticut Department of Labor, Office of Research NO. OF JOBS