Hartford Business Journal

14 Hartford Business Journal • April 20, 2015 www.HartfordBusiness.com Quality Construction + Butler Manufacturing = Repeat Customers www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 317–321 Federal Road, Brookfield, CT | 2005 | 31,000 sq ft 270–290 Federal Road, Brookfield, CT 2002 | 33,000 sq ft 227-235 Federal Road, Brookfield, CT 2014 | 25,000 sq ft Contact us at 1-855-BUILD-86 or visit us on the web. WWW.MCGRATHINSURANCE.COM P: 8 0 0 . 3 4 2 . 3 8 5 9 F: 5 0 8 . 3 4 7 . 6 8 5 8 Cyber threats are becoming an increasingly significant risk for today's businesses. Without adequate protection, the costs incurred from a cyber breach could be potentially damaging for your business. Cyber security liability insurance can protect your business in regards to liability expenses, remediation efforts, and fines or penalties after a breach. Download our free white paper for more information on how to protect your business from a cyber attack. IS YOUR BUSINESS SAFE FROM A C YBER AT TACK? REPORTER'S NOTEBOOK State wants to increase stop-work order fines State regulators are looking to get tougher on employ- ers that skirt Con- necticut's labor laws. The legislature's Labor and Public Employees Com- mittee recently approved a bill that increases fines on employers who violate stop-work orders to $2,500 per day from $1,000 per day. Stop-work orders are issued by the state Department of Labor to employers who knowingly misrepresent employees as inde- pendent contractors, or fail to pay worker's compensation insurance or minimum wage, among other violations. The Hartford Business Journal reported last November that the labor department was increasing its efforts to crackdown on Con- necticut's underground economy. But state labor investigators have warned that the current civil penalty of $1,000 per day isn't a sufficient deterrent, causing some companies to ignore stop-work orders and continue jobs even though they are violating state law. The Foundation for Fair Contracting in Connecticut, an organization that lob- bies for construction worker's fair wages, suggested the state increase the penalty to $10,000 per day but Labor and Public Employees Committee members agreed to only a $2,500 fine. The measure has support from the state Department of Labor. The bill is now head- ed to the Senate. — Greg Bordonaro Hartford Hospital eyes Bloomfield surgery center purchase Hartford Hospital is asking state regula- tors permission to purchase a majority stake in a Bloomfield outpatient surgery center that handles more than 6,000 annual procedures. Connecticut G.I. Endoscopy Center LLC (CTGI), located at 4 Northwester Dr., is cur- rently owned by 17 physicians who are look- ing to sell a 51 percent stake in the company to Hartford Hospital, according to docu- ments filed with the state Office of Health Care Access, which must approve the deal. Both sides said the deal is a natural exten- sion of their long-term relationship. In 2007, Hartford Hospital and CTGI Glastonbury teamed up to operate Glastonbury Endos- copy Center, and they think greater benefits and operating efficiencies could be gained through further collaboration and alignment, according to regulatory documents. CTGI physicians currently have active privileges and will continue to perform inpatient procedures at Hartford Hospital. The deal represents yet another example of consolidation in the state's rapidly evolving healthcare industry, which is putting pressure on providers to gain scale so they can cope with falling reimbursement rates, and new payment and care delivery models. Larger health systems in particular have been active buying up small doctor practic- es so they can adapt to the changing health- care landscape. — Greg Bordonaro Renaissance program targets urban cultural sites State lawmakers are considering a bill that offers tax credits to small busi- nesses that relocate to urban arts and cultural sites. Senate Bill 726 calls on the Department of Economic & Community Development to perform a feasibility study of creating tax benefits for companies that move to areas designated as renaissance districts. The proposal was pitched by State Sen. Rob Kane (R-Oxford), who said renais- sance districts will help small towns increase downtown foot traffic. The Com- merce Committee already passed the bill. The study would look at what types of incentives could be used, where the dis- tricts should be located, and how much the program would cost. "There is activity that happens on a local level around these sites, and it would be nice if we incentivized more of that," said State Rep. Chris Perone (D-Norwalk), co- chair of the Commerce Committee. Perone said because the study will cost nothing and the bill already has bipartisan support, the legislation has a good chance of passing this session. — Brad Kane Resa Spaziani is a key enforcer of Connecticut's labor laws. Hartford Hospital is part of Hartford Healthcare. P H O T O | H B J F I L E P H O T O | H B J F I L E

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