Hartford Business Journal

September 21, 2015 — Lifetime Achievement Awards

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G R E AT E R H A R T F O R D ' S B U S I N E S S N E W S w w w. H a r t f o rd B u s i n e s s . c o m For more B2B news visit SEPTEMBER 21, 2015 Volume 23, Number 43 $3.00 Subscribe online Reinvented and reinvigorated. Book of Lists 2 0 1 5 / 2 0 1 6 Reserve Your Space Today! Ad Space Closing: 11/30/15 Release Date: 12/28/15 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. P H O T O | H B J F I L E L I F E T I M E A C H I E V E M E N T 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. P H O T O S | S T E V E L A S C H E V E R

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