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SEPTEMBER 21, 2015
Volume 23, Number 43
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Index
■ Reporter's Notebook: PG. 5
■ Week in Review: PG. 6
■ The List: PG. 9
■ Deal Watch: PG. 11
■ Nonprofit Notebook: PG. 14
■ Movers and Shakers: PG. 14
Small Loans, Big Impact
What began as the Hartford Economic Development
Corp. – now known as HEDCO Inc.– has evolved
into the biggest small-business, nonprofit and
microloan financier of its kind in Connecticut. Find
out how HEDCO amassed a more than $25 million
loan portfolio. PG. 3
Bullish on 2016
Economists say Connecticut will continue its
modest economic growth in 2016. Find out what's
driving their prognostications. PG. 5
FOCUS: TECHNOLOGY
Defeating Cancer
A small North Branford company providing tools for
cancer research around the world continues to
innovate its X-ray equipment. PG. 8
By Gregory Seay
gseay@HartfordBusiness.com
C
onnecticut banks are more
profitable today than they
collectively were before
the Great Recession despite
razor-thin interest-rate margins.
Forty-five banks headquar-
tered in the state posted $338
million in combined profits in the
first half of this year, according
to June 30 data from the Federal
Deposit Insurance Corp., a key
overseer of both of state- and
federally chartered banks.
A year earlier, they posted
$297 million in first-half profits,
FDIC data shows. In the first six
months of 2007, the latter half of
which many economists agree
was the start of the recession, 57
Thin spreads don't slow
CT banks' profits
Continued on page 12
Connecticut Banking
Commissoner Jorge Perez
says lenders' profitability
is good despite low
interest rates.
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AWA R D S 2 0 1 5
Special Section
PGS. 17–28
Recognizing business leaders whose engagement in our business
community has had significant positive economic impact locally
and will teach future generations by example.
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