Issue link: https://nebusinessmedia.uberflip.com/i/1504032
Biz Briefs 2 HARTFORDBUSINESS.COM | JULY 24, 2023 Tel: (860) 236-9998 | Fax: (860) 570-2493 Copyright 2020. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O Box 330 Congers, NY 10920-9894 Peter Stanton | CEO, pstanton@nebusinessmedia.com Tom Curtin | President, ext. 124, tcurtin@hartfordbusiness.com Subscriptions Annual subscriptions are $132.00. To subscribe, visit HartfordBusiness.com, email circulation@ hartfordbusiness.com, or call (845) 267-3008. Advertising For advertising information, please call (860) 236-9998. Please address all correspondence to: Hartford Business Journal, 100 Allyn Street, Suite 3, Hartford, CT 06103 Stay Connected For breaking and daily Greater Hartford business news go to: www.HartfordBusiness.com HBJ on Twitter: @HartfordBiz HBJ on Facebook: www.facebook.com/HartfordBiz HBJ on Linkedln:www.linkedin.com/company/the-Hart- ford-Business-Journal Daily e-newsletters: HBJ Today, CT Morning Blend: www.hartfordbusiness.com/enewsletters Hartford Business Journal (ISSN 1083-5245) is published bi-weekly, 27x per year — including two special issues in November and December — by New England Business Media, LLC, 100 Allyn Street, Suite 3, Hartford, CT 06103. Periodicals postage paid at Hartford, CT and at additional entry points. Editorial Greg Bordonaro | Editor, ext. 139 gbordonaro@hartfordbusiness.com Michelle Tuccitto Sullo | Managing Editor, ext. 127 msullo@hartfordbusiness.com Beats: Health Care, Higher Education Drew Larson | Web Editor, ext. 121 alarson@hartfordbusiness.com Michael Puffer | Staff Writer, ext. 145 mpuffer@hartfordbusiness.com Beats: Real Estate, Economic Development, Banking & Finance Hanna Snyder Gambini | Staff Writer hgambini@hartfordbusiness.com Beats: Economic Development, Arts, Culture & Tourism Skyler Frazer | Staff Writer, ext. 145 sfrazer@hartfordbusiness.com Beats: Manufacturing, Cannabis, Technology, Transportation Stephanie R. Meagher | Lead Researcher Heide Martin | Research Assistant Steve Laschever | Photographer Business Tom Curtin | Publisher, ext. 124, tcurtin@hartfordbusiness.com Jessica M. Quinn | General Manager, ext. 137 jquinn@hartfordbusiness.com David Hartley | Senior Accounts Manager, ext. 130, dhartley@HartfordBusiness.com Daniel Schilke | Senior Accounts Manager, ext. 135, dschilke@HartfordBusiness.com Emily Paskind | Senior Accounts Manager, ext. 133, epaskind@hartfordbusiness.com Tracy Rodwill | Human Resources Manager trodwill@nebusinessmedia.com Production Bartosz Zinowko | Production Director, ext. 147 bzinowko@hartfordbusiness.com John Schmid has relinquished his CEO title at Propark Mobility. Propark Mobility CEO John Schmid steps down; his brother David Schmid named chief executive J ohn Schmid, the co-founder and CEO of Hartford-based Propark Mobility, one of the nation's largest parking operators, has stepped down as head of the company after 40 years. He's passing the reins to his younger brother, David Schmid, who has been named the new CEO. David Schmid previously held positions as Propark's chief operating and investment officer, helping lead the company through mergers and acquisitions, as well as the development of Propark's proprietary Cloudpark technology. He has also overseen Propark's real estate and mobility and transportation divisions. John Schmid will remain at Propark as the company's exec- utive chairman. He founded the company in 1984 with his business partner, Joe Coppola. The company began with a 60-space parking lot in Hartford and has grown its nationwide pres- ence over the last four decades, now operating over 750 locations in more than 100 cities. NBT Bank parent plans to close acquisition of Salisbury Bank in August With regulatory approvals in hand, the parent company of New York-based NBT Bank announced it expects to close its $204 million acquisition of Lakeville-based Salis- bury Bancorp on Aug. 11. Salisbury Bancorp is the parent of Salisbury Bank, which has 13 branches in northwestern Connecticut, the Hudson Valley and southwestern Massachusetts. The bank reported $1.56 billion in assets and 168 employees as of March 31. NBT announced the deal has been approved by the Office of the Comptroller of the Currency and Connecticut Department of Banking. NBT reported $11.84 billion in assets as of March 31, and 140 banking locations in New York, Pennsylvania, Vermont, Massa- chusetts, New Hampshire, Maine and Connecticut. Tree House Brewing opens brewery on 100-acre Woodstock farm The highly coveted "White Whale" of craft beer is now selling its prod- ucts in Connecticut. Tree House Brewing Co., which opened a fermentory on a 100-acre Woodstock farm in 2019, has begun offering retail sales at its Connecticut facility. Located at 54 Joy Road, Tree House Farm & Fermentory offers a draft list that includes two pales, one with Peacharine, Citra and Riwaka hops, and another with Simcoe and Citra, according to an announce- ment on Twitter. In addition to the new brewery, the farm features a large fruit tree orchard, berry block, produce program, hop fields and chicken flock. CT jumps 8 spots in CNBC's annual business climate ranking Connecticut improved this year in CNBC's annual ranking of America's Top States for Business, inching closer to the middle overall, and ahead of neighboring states New York and Rhode Island. The Nutmeg State ranked No. 31 in 2023, jumping eight spots from its No. 39 showing in 2022. CNBC's annual ranking eval- uates all 50 states based on 86 metrics in 10 categories of compet- itiveness, including their workforce, infrastructure, economy and cost of doing business. Connecticut's recent improve- ment was driven by higher scores in technology and innovation (+12 spots); life, health and inclusion (+7); and cost of living (+9). However, the state lost ground in the categories of workforce (-7 spots), business friendliness (-5) and education (-5). Campbell Soup plans 76 CT layoffs as it prepares to shutter Norwalk office Campbell Soup plans to lay off 76 workers between this summer and fall 2025 as it prepares to close its Norwalk office, according to a notification with the state Depart- ment of Labor. Campbell Soup said earlier this year it will close its corporate office at 595 Westport Ave., in Norwalk, as it consolidates to its Camden, New Jersey headquarters. There are currently 154 employees at the Norwalk office. HBJ PHOTO | STEVE LASCHEVER NBT Bank President and CEO John Watt Jr. Tree House Brewing Co.'s 100-acre farm in Woodstock. PHOTO | CONTRIBUTED Campbell Soup Co.'s headquarters in Camden, N.J. PHOTO | CONTRIBUTED