Hartford Business Journal

www.HartfordBusiness.com October 5, 2015 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 10/12 Focus: Credit Unions ■ The List: Largest CT Credit Unions ■ Nonprofit Profile: Hartford Stage CALENDAR WEDNESDAY, OCT. 14 Dialogue with the Delegation All five members of Connecticut's U.S. House Congressional delegation will attend an upcoming breakfast event sponsored by the MetroHartford Alliance. The dialogue with the delegation will take place Oct. 14 at the Society Room in downtown Hartford, 31 Pratt St. It runs from 7:30 a.m. to 9:30 a.m. Connecticut U.S. House Representatives who are scheduled to attend include: Rosa Delauro (D-3 District), John Larsen (D-1 District), Joe Courtney (D-2 District), Jim Himes (D-4 District), and Elizabeth Esty (D-5 District). The event includes networking and breakfast. Cost to attend is $25. For more information or to register go to: http://web.metrohartford. com/events/Dialogue-with-the- Delegation-101415-2209/details. RESTAURANTS & HOSPITALITY Wayback anticipates 2016 IPO Wayback Burgers hopes to go public next year. The Cheshire-based burger chain, which will have 125 stores and another 350 in development by year's end, said it has select- ed The Oxford Center for Entrepreneurs as its exclusive advisor to lead its initial public offering next year. The Oxford Center, based in Atlanta, Ga., began helping Way- back evaluate its strategic options earlier this year, ultimately rec- ommending an IPO. "With strong and steady debt-free growth, locations in 22 states, new locations opening at a rate of two per month, in ad- dition to an international development schedule in 32 countries, now is the right time for Wayback Burgers to explore all growth opportunities," Wayback CEO John Carter said in a statement. Rosa Delauro John Larsen H ealth insurance is the most important benefit you offer and it's a big part of your budget. You need an insurance program that not only meets the needs of your employees but also helps you control costs. CBIA Health Connections — the most successful private insurance exchange for small business — is the solution. With Health Connections you simply set your contribution level then let your employees choose a plan from Aetna, ConnectiCare, Harvard Pilgrim, or UnitedHealthcare. From medical and dental plans to life, disability and vision options, there's something for everyone with CBIA Health Connections. Contact your agent for a quote or call 860.244.1900. Who do small businesses choose for health insurance? Richard P. Ramondetta President Alloy Specialties, Inc. Manchester CBIA Health Connections allows me to offer my employees a valuable benefits package while helping to control our medical benefits budget. MANUFACTURING STR to be delisted from NY Stock Exchange Enfield solar parts maker STR Holdings was notified last week that it will be delisted from the New York Stock Exchange, as the price of its stock was too low. NYSE required that the solar company maintain an average global market capitalization of at least $15 million over a 30 trad- ing-day period. NYSE told STR last week it plans to apply to the U.S. Securities & Exchange Commission to delist the stock. The stock was trading around 78 cents per share last week. At its peak in November 2010, the company's stock was trading at $77.19 per share. The delisting signified the large, fast fall for STR, which was honored in 2011 by the Connecticut Tech Council as one of the fastest growing companies in the state. At the time, STR produced the leading product for encapsulating solar cells to protect them from damage. Feds give $6M for CT manufacturing, aerospace The U.S. Department of Labor last week awarded Connecticut a $6 million grant to develop training programs for the manufactur- ing and aerospace industries. The money will go to funding statewide aerospace training programs and to the Eastern Connecticut Manufacturing Pipe- line Initiative, which was initially created to develop customized training programs for manufacturing in the eastern portion of the state. The eastern initiative was developed in response to Electric Boat's expansion and need to hire 520 new and replacement workers over the next several years in order to fulfill its nuclear submarine contracts. The initiative will be led by the Eastern Connecticut Workforce Investment Board with the labor department's Office for Veterans' Workforce Development. Wayback Burgers has locations in 22 states, including the restaurant shown above in West Hartford. P H O T O | H B J F I L E

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