Hartford Business Journal

November 30, 2015

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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 NOVEMBER 30, 2015 Volume 23, Number 53 $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 ■ Executive Profile: PG. 5 ■ Week in Review: PG. 6 ■ The List: PG. 10 ■ Nonprofit Notebook: PG. 16 ■ Movers & Shakers: PG. 16 ■ Opinion & Commentary: PG. 20 FOCUS: EDUCATION Taking Flight Learn how local schools are incorporating flight simulators in their curriculums to get more students interested in science, technology, math and engineering. PG. 8 Heir Apparent? Meet Webster Bank's new president, who some say could be in line to eventually replace long-time CEO Jim Smith. PG. 3 Many CT-minted physicians leave state By Matt Pilon mpilon@HartfordBusiness.com T he medical schools at UConn Health and Yale will graduate upwards of 200 doctors this spring, but if previous experience is any indicator, well over half of them won't actu- ally practice in Connecticut long term. Measured several different ways, Con- necticut remains in the bottom 12 states for retaining the doctors it trains, according to a recently released report from the Associa- tion of American Medical Colleges (AAMC). No one dismisses the low ranking, but the extent to which it matters — and the fac- tors that cause it — are the subject of some debate, medical school administrators say. Several possible factors driving the low retention rate include: Yale's high propor- tion of out-of-state students; a lack of a state medical school debt forgiveness program, which exist in various forms in 38 other D oc Migration P H O T O | P A B L O R O B L E S By Gregory Seay gseay@HartfordBusiness.com C onnecticut's mortgage lend- ing market to buy or refi- nance a home slowed notice- ably in recent years, even as interest rates — pegged to increase soon — have remained among the lowest in a generation, industry data shows. Banks, savings and loans and mortgage lenders who are active in this state saw their collective num- ber and dollar sums of loans to buy houses and/or refinance, fall in 2014 to their lowest levels since the start of the Great Recession, according to data harvested by Meriden bank consultancy GeoDataVision from the lenders' regulatory filings. Continued on page 12 Amid protracted low rates, CT's home financing slows Continued on page 12 P H O T O | M O P I C , S H U T T E R S T O C K . C O M Executive Gift Guide Find out what gizmos and gadgets could be at the top of executives' gift wish lists this holiday season. PG. 14 UConn Health associate deans Dr. David Henderson and Dr. Jacqueline Nissen say physicians leaving Connecticut could become more of a problem as older doctors retire.

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