Hartford Business Journal

4 HARTFORDBUSINESS.COM | JUNE 12, 2023 BIZ BRIEFS Oxford Level Funded plans are built to give your small business more ways to save. Because in addition to lower costs, they're designed for a potential surplus refund 2 if your plan participant medical and pharmacy claims are lower than expected. Up to 17 % lower small business health plan costs 1 are just the beginning 1 Average savings for UnitedHealthcare and Oxford Fully Insured groups migrated to UnitedHealthcare and Oxford Level Funded, Jan. 1, 2021 – Dec. 31, 2022. Savings are not guaranteed. 2 Please consult a tax and/or legal advisor to determine if, by receiving this refund, there are any restrictions or obligations. Surplus refund available only where allowed by law. Administrative services provided by Oxford Health Plans LLC. Stop-loss insurance is underwritten by UnitedHealthcare Insurance Company or their affi liates, including UnitedHealthcare Life Insurance Company in NJ, and UnitedHealthcare Insurance Company of New York in NY. B2B EI232224250.0-OXF 3/23 © 2023 Oxford Health Plans LLC All Rights Reserved. 23-2195929-W Talk to your broker today Thomaston Savings Bank targets late October opening for New Britain branch With regulatory approvals in hand, Thomaston Savings Bank aims to open a full-service branch in downtown New Britain by the close of October. This will be the 16th branch for the bank, which reported $1.58 billion in assets at the close of 2022. The bank has secured approvals from the Connecticut Department of Banking and Federal Deposit Insurance Corp. "We are thrilled to bring our exper- tise and passion for exceptional banking to New Britain," said Stephen Lewis, president and CEO of Thom- aston Savings Bank. The bank plans to hire four staff members, in addition to a mortgage loan officer for the new branch in nearly 2,000 square feet of leased space at 222 Main St Parkville Market welcomes four new food vendors Hartford's Parkville Market is adding four new vendors this year, with two already open and serving Taiwanese and Portuguese cuisine. Parkville Market recently celebrated the opening of Taiwan Night Market and Taste of Portugal. Two more vendors, KOJI2GO and Flor do Mar, are set to open soon, Parkville officials said, giving the food hub 21 eateries. Taiwan Night Market is the 10th brick-and-mortar eatery launched over the past decade by restaurant group The Blackfin Collective. Hartford Poke Company and Okinawa Boba, two of the group's other brands, also operate at Parkville Market. Taste of Portugal is the latest concept from Chef Rui Correia. Correia previously ran a popular Portu- guese restaurant, Douro, in Greenwich from 2009 to 2022. Correia also plans to open a chicken and ribs restaurant called Piri-Q in Parkville Market by the end of the year. KOJI2GO is run by Cais Lee Tran and Tuan Tran, who previously ran the Koji sake bar in downtown Hartford for 13 years. Flor do Mar will be the third Parkville Market opera- tion opened by restaurateur Adeilton Carvalho — his Brazilian Gula Grill storefront and food truck are also based out of the food hall State's first methane-to-gas converter debuts in Ellington The state's first methane digester has debuted in Ellington. Fifth-generation farmer Seth Bahler and his team at Oakridge Dairy Farm have spent the better part of the last year building the apparatus, which will be the first-ever 100% methane digester in Connecticut. The process includes converting cow manure into natural gas that can be put into pipelines to run in homes and cars. Large dairy cows produce an average of 80 and up to 100 pounds of manure a day. It takes about 2 pounds of cow manure to produce between 15 and 30 liters of biogas per day. Oakridge Farm has more than 2,800 Holstein cows. Cow manure, left to decompose on its own, produces methane, which is a gas that contributes to climate warming. Turning manure into a renewable energy source has the capacity to power a year's worth of gas produc- tion for 800 to 900 cars, Oakridge farmers said Eversource to sell stake in offshore wind development site for $650M Eversource Energy has taken another step to get out of the offshore wind farm business. The Hartford- and Boston-based utilities company announced that it will sell its 50% interest in a currently uncommitted lease area of approx- imately 175,000 developable acres located 25 miles off the south coast of Massachusetts to Danish wind farm developer Ørsted for $625 million. Ørsted currently owns the other 50% share of the joint venture, including the uncommitted lease area. The all-cash deal is expected to close by the end of the third quarter of 2023, subject to regulatory approvals. Eversource said it has entered into a binding letter of intent with Ørsted to use a portion of the proceeds from the lease sale to provide tax equity for the South Fork Wind project through a new tax equity ownership interest. That 132 MW South Fork project is New York's first offshore wind farm currently under construction, 35 miles east of Montauk Point Stephen Lewis is the president and CEO of Thomaston Savings Bank. The manure digester at Oakridge Dairy Farm in Ellington. HBJ PHOTO | STEVE LASCHEVER PHOTO | CONTRIBUTED

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