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www.HartfordBusiness.com November 2, 2015 • Hartford Business Journal 7 REAL ESTATE Hartford's Capitol Center apt. conversion gets state backing Gov. Dannel P. Malloy last week announced over $20 mil- lion to create six affordable housing developments across the state, including one in downtown Hartford. The housing grants, which come from the most recent Competitive Housing Assis- tance for Multifamily Properties (CHAMP) funding round, will assist in creating and rehabilitating 230 affordable units and 52 market-rate units. In Hartford, the Department of Housing will provide a loan up to $4.2 million and the Connecticut Housing Finance Authority is ex- pected to provide an approximately $11 million construction loan and approximately $862,000 for a 4 percent equity stake to assist in the adaptive re-use of the vacant six-story commercial building at 370 Asylum St. into a mixed-use, mixed-income development. Several groups have tried to redevelop the property in recent years into mixed-income apartments. The property was previously donated by the foundation of Stamford technology entrepreneur Milton B. Hollander and his wife Betty Ruth to the Northeast Neigh- borhood Partners Inc., a Hartford nonprofit development firm. NB brass millworks being converted to apts. A former New Britain brass millworks will be revamped into 169 loft-style apartments as part of a $35 million redevelopment, officials say. Mayor Erin Stewart and other city and community officials joined the developer last week for a formal project announcement at the former Landers, Frary & Clark Mfg. Co. site at 321 Ellis St. Developer Ellis Street Holdings LLC will oversee the two-year conversion of the obsolete mill covering 250,000 square feet into one- and two-bedroom living units, Stewart's office said. The former factory that once churned out coat hooks and other brass parts before switching to production of scales, coffee grind- ers, cake mixers, bread makers, coffee pots, percolators and urns, among other consumer appliances, has been shuttered the past 40 years. ECONOMIC DEVELOPMENT Israel cell manufacturer opening Cromwell location Biological Industries, a developer and manufacturer of cell cul- ture media, molecular biology tools, human cytogenetics media, and custom media manufacturing services, will be opening of- fices in Cromwell. Biological Industries USA Inc. will market and distribute its products in the United States. The Cromwell office will focus on establishing cell culture train- ing programs and expanding collaborations within the stem cell and conventional cell culture fields. WHAT'S AHEAD: ■ 11/9 Focus: Nonprofits ■ The List: Nonprofit Compensation ■ Nonprofit Profile: The Hartford Club CALENDAR TUESDAY, NOV. 10 Innovation Summit The Connecticut Technology Council will honor its 40 Tech Companies To Watch and host a funding fair and pitch fest Nov. 10 at the Connecticut Convention Center, 100 Columbus Blvd., Hartford. The Innovation Summit, which runs from 10 a.m. to 5 p.m., will feature tech and non-tech startups representing early stage and emerging growth companies. The event includes 100 exhibiting Tech Companies To Watch, 40 pitching companies and more than 400 attendees. The funding fair will feature capital sources and entrepreneurial services including angels, VCs, investment bankers, lenders, government programs, etc. During the pitch fest selected companies will deliver a three-minute pitch to a live audience and panel of judges. There will also be an opportunity for entrepreneurs to show off their companies and ideas to potential partners, customers, investors and talent. Cost to attend is $135. For more information or to register go to: https://connecticuttechcouncil.wliinc34.com/events/ innovation-summit-161/details?dnh=true. F O R A C O M P L E T E L I S T O F G R E A T E R H A R T F O R D B U S I N E S S E V E N T S , G O T O W W W . H A R T F O R D B U S I N E S S . C O M A N D C L I C K O N ' C A L E N D A R . ' A L L C A L E N D A R I T E M S M U S T B E S U B M I T T E D E L E C T R O N I C A L L Y V I A O U R W E B S I T E , H A R T F O R D B U S I N E S S . C O M . 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. P H O T O | K E I T H G R I F F I N Hartford's Capitol Center office building is slated to become apartments.