Hartford Business Journal

HBJ072825UF

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HARTFORDBUSINESS.COM | JULY 28, 2025 3 BIZ BRIE FS broker-dealer in the country with nearly 29,000 financial advisers. As a result of the deal, RGB Finan- cial will have nine financial advisers and 14 total employees. RGB will also expand its office footprint at 6 Exec- utive Drive to 7,000 square feet to accommodate the new employees. CCSU launches new robotics apprenticeship program Central Connecticut State Univer- sity has launched a new robotics and mechatronics technician apprenticeship program. The program's first cohort includes nine apprentices from Farming- ton-based TRUMPF Inc. Over the course of four semesters, the apprentices will take courses in an undergraduate certificate program in robotics and mechatronics designed by Central School of Engineering, Science & Technology faculty. The coursework aims to prepare apprentices to work with robotic systems, mechatronic devices and automation technologies used in manufacturing. The TRUMPF apprentices will work full-time during the day and attend classes in the evening at Central. The certificate serves as a standalone credential, but the credits could also be used toward other degree programs at Central. Groton metal casting facility completes $13M automation investment U.K.-based manufacturer Doncasters has unveiled a $13 million upgrade to its Groton facility. The Groton site manufactures large precision structural castings in high-grade materials for aerospace, defense and industrial gas turbine applications. It employs 211 people. The capital investment includes a new, fully automated line equipped with three, six-axis robots and a new shell casting management system, used in the molding of metal parts. It replaces a system that was installed in the 1980s. "This investment dramatically enhances our efficiency, precision and capacity, enabling us to take on more complex, high-volume aero- space products," said Mike Looney, the general manager at Doncasters' Groton site. The upgrade has also added 17,000 square feet to the shop floor, and the company says it will quadruple its parts output. Doncasters' global operations employ almost 3,000 people at 20 locations in Europe, Asia and the U.S. CT adds 6,300 jobs in June, reversing May's 4,200 losses Connecticut employers added 6,300 jobs in June, pushing total nonfarm employment in the state to its highest level since March 2008, according to the state Department of Labor. The state's unemployment rate in June held steady at 3.8%, remaining below the national rate of 4.1%. The June gains followed a downward revision to May's job numbers, which now show a loss of 4,200 positions, largely due to the timing of a strike at Pratt & Whitney. DOL officials said the state's labor market remains strong, though they cautioned that shifting federal policies could pose challenges. Chris DiPentima, president and CEO of the Connecticut Business & Industry Association, said that during the first six months of the year, the state "gained a modest 2,600 jobs, spurred in part by gains in the public sector and healthcare industry." "It's encouraging to see June's preliminary 6,300 job gain — reversing last month's revised 4,200 losses," DiPentima said. "… However, the wild swings that we've seen in the job market highlight the volatility in Connecticut's economy." He also noted that Connecti- cut's economy contracted during the first quarter of this year for the first time in over three years "amid tariff concerns, slower consumer spending, and labor market struggles." Overall, Connecticut employers continue to battle a labor shortage, with over 80,000 open positions in the state, including an estimated 7,000 open manufacturing positions, DiPentima said. Employees of RGB Financial and Tunxis Wealth Management. Contributed Photo Doncasters' new production line includes robotic automation. Contributed Photo An Award-Winning Community Bank Contact us today. Voted Best Local Bank, Best Mortgage Lender, Best Financial Planning, Best Place to Work and Top Corporate Charitable Contributor, PeoplesBank understands its customers and the communities it serves. Our commercial banking team serves as a growth engine for businesses, providing expert banking advice, local decision-making, and innovative products and services. David Ference First Vice President Commercial Banking dference@bankatpeoples.com Daniel Bishop First Vice President Commercial Banking dbishop@bankatpeoples.com Jennifer Yergeau Vice President Cash Management jyergeau@bankatpeoples.com Mark St. Pierre Vice President Business Banking mstpierre@bankatpeoples.com Learn More bankatpeoples.com/businessteam Member FDIC

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