Hartford Business Journal

www.HartfordBusiness.com February 1, 2016 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 2/8 Focus: Nonprofits ■ The List: Largest Foundations ■ Nonprofit Profile: The Bushnell CALENDAR WEDNESDAY, FEB. 10 Risk-Intelligence Compliance Seminar The UConn School of Business in Hartford is hosting its first in a series of spring thought-leadership seminars Feb. 10, on risk- intelligence compliance. The program, which runs from 7:30 a.m. to 8:45 a.m. at UConn's Graduate Business Learning Center, 100 Constitution Plaza, Hartford, will feature business law professor Robert Bird as the keynote speaker. Bird will discuss how to make compliance decisions within the confines of limited time and resources and how firms can best achieve their compliance goals and promote compliance as a source of innovation. The program is free, but registration is limited. For more information or to register contact: Amanda Spada at 860.486.5498, or email Amanda. Spada@business.uconn.edu. 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 . GAMING Gaming could occupy rooms at Sheraton Bradley As part of its effort to land a casino in or around Bradley Inter- national Airport, the Connecticut Airport Authority has struck an intriguing arrangement with the Sheraton Bradley Airport Hotel. According to airport authority Executive Director Kevin Dillon, the Sheraton has agreed to turn over some of its hotel meeting/ ballroom space for a time to house table games and other gam- bling until permanent Bradley gaming facilities could be erected. Doing so, Dillon told a Crew CT/The Real Estate Exchange audi- ence at The Society Room in downtown Hartford last week, would enable airport gaming to get underway at least six months ahead, if not around the same time, that the $925 million MGM Casino in nearby Springfield is scheduled to open. Dillon didn't offer specifics about the arrangement, including whether or how much the Sheraton would collect in rent or other fees as a temporary gaming host. Dillon said the airport authority is pitching several Bradley sites for a casino, including erecting one atop the proposed new transporta- tion center to be situated on the grounds of former Terminal B, which will be completely razed by late March, early April. East Hartford, East Windsor and Hartford also are vying to have Connecticut's native tribes choose them to host a competing gaming site to Springfield. MANUFACTURING UTC boosts profitability amid falling revenues United Technologies Corp. reported a drop in revenues across all four of its businesses but a significant jump in profit for the fourth quarter and 2015. The Farmington-based conglomerate's 2015 annual net in- come was $7.6 billion compared to $6.2 in 2014. Fourth quarter net income was $3.3 billion versus $1.5 billion in 2014. UTC's sales fell 4.5 percent to $14.3 billion. President and CEO Gregory Hayes said in a statement UTC took "decisive actions" to streamline its business with the $9 billion sale of Sikorsky to Lockheed Martin, and by returning over $12 billion to shareholders. Curreny headwinds, however, hurt the company's revenues. UTC is targeting $22 billion of total shareholder returns through share repurchases and dividends from 2015 through 2017. Hayes added that UTC's organizational structure was streamlined and a $1.5 billion restructuring plan was put in place. EB hiring 1,500 CT workers in '16 Groton submarine-builder Electric Boat says it will hire about 1,500 Connecticut workers this year. EB President Jeffrey S. Geiger made the disclosure last week at the company's annual legislative forum at the Mystic Marriott, according to Congressman Joe Courtney's office. Separately, an EB spokesman confirmed the projected hiring estimate. Counting attrition, the additional hiring will result in about 840 net new jobs in trades, design and engineering and support pro- grams at EB, Courtney said. EB spokeman Timothy Boulay said another 300 will be hired at EB's shipworks in Rhode Island. Robert Bird Saturday, April 2, 2016 Exposing students to classical music at an early age is critical to the sustainability of the HSO, one of our area's greatest treasures. Please join us on April 2nd for Bravo, our annual event, which funds HSO's educational initiatives. Call (860) 760-7302 or email jbaker@hartfordsymphony.org for an invitation or more information. Be Transformed Sponsors To-Date Proceeds from the Bravo! Gala 2016 will support the HSO's education and community engagement programs. The HSO provides music and instruction to more than 12,000 children and adults in our community annually through our flagship Symphony in the Schools program and myriad of educational and community programs in more than 70 locations throughout the state. HSO's Link Up program guides students grades 3-5 through a year-long music exploration culminating in a concert performance with the HSO. Your participation in Bravo! will help to bring an appreciation of music into the lives of children and inspire them to succeed in school. Presenting Sponsor J. Frank Travis and Sharon Rizikow Brewster and Judith Perkins The Sheraton Bradley Airport Hotel in Windsor Locks. P H O T O | C O N T R I B U T E D

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