Hartford Business Journal

www.HartfordBusiness.com February 22, 2016 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 2/29 Focus: Tax Season/Law ■ The List: Largest Law Firms ■ Nonprofit Profile: The Mark Twain House and Museum CALENDAR WEDNESDAY, MARCH 9 CT Business Day at the Capitol The Connecticut Business & Industry Association is hosting its annual business day at the State Capitol March 9, from 9 a.m. to noon. The event, which will take place at the Legislative Office Building in Hartford, will give business owners and executives the chance to meet with state lawmakers to help them understand and support legislative proposals for a more positive business climate. Topics include state fiscal policy, workplace and employment issues, transportation, regulatory burdens and much more. The event is free to attend and supported by Connecticut chambers of commerce and other business and trade groups. For more information contact Adam Ney at 860.244.1933 or adam. ney@cbia.com. 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 . MANUFACTURING Aerospace, defense jobs expected to grow Deloitte's "U.S. Aerospace & Defense Labor Market Study" found after several years of job losses, sector employment is ex- pected to grow in 2016 by more than 39,000 jobs. Connecticut, according to the study, is ranked sixth of seven states accounting for half of all aerospace and defense-sector employees in the U.S. The top states, in descending order, are: California, Washington, Texas, Florida, Arizona, Connecticut and Kansas. This does not include those employed in the public sector. The projected job increases would reverse a five-year trend, in which the defense subsector shed about 185,000 jobs, or 9.4 per- cent of its workforce. Despite the decline in employment numbers, however, the U.S. aerospace and defense sector experienced in- creased wages and taxes paid since 2010. Deloitte said the U.S. aerospace and defense sector continues to be one of the top employers in the U.S. economy, even with the five-year decrease in total employment. Its jobs also pay twice the national average at an average of $93,983. Vietjet signs order for 63 Pratt & Whitney engines Vietnamese airliner Vietjet has signed an agreement to power their order of 63 Airbus A320neo and A321neo family of aircraft with the PurePower Geared Turbofan built by East Hartford's Pratt & Whitney. Deliveries are expected to begin in 2017. Pratt said in a statement the PurePower Geared Turbofan en- gine family has about 7,000 orders, with more than 70 customers from over 30 countries. Nguyen Thi Phuong Thao, Vietjet's presi- dent and CEO, said the engine was chosen for its lower fuel costs and emissions. The PurePower engine family has completed more than 48,000 cycles and 30,000 hours of testing. Vietjet operates an extensive flight network in Vietnam and is expanding its operation throughout the Asia-Pacific region. TECHNOLOGY CT IT job openings drop in January The Connecticut Technology Council's monthly IT job market report for January showed less demand from employers, who posted a daily average of 570 job openings on their websites. That's down 9.5 percent from December, when an average of 630 positions were posted, CTC said. Jan. 2016 numbers are down 21.9 percent from 730 average postings a year earlier. A drop of published employment opportunities in January is not unusual and should not be interpreted as a decline of the job market, CTC said. Posting volume over the next few months will provide a better picture of IT employers' moods. According to the IT jobs report, the largest contribution of negative demand came from the financial services/banking in- dustry. Other sectors with fewer postings included IT services and health care. IT job opportunities from employers in insurance and high tech remained unchanged. Great leaders always remember where they came from. Meet our new leader in Eastern Connecticut. Adam Jeamel Eastern Connecticut Regional President When it comes to understanding the local community, Adam Jeamel walks the walk. Since we opened our doors more than 150 years ago, United Bank has always been focused on serving the needs of our customers and their communities. And who better to understand those needs than a leader who has traveled the same path? That's why we're proud to introduce Adam Jeamel as our new Eastern Connecticut Regional President. Adam isn't just a dynamic leader in community banking; he's also from Eastern Connecticut and a longtime bank customer who got his first bank account and mortgage with United Bank. He is just one of the many local people at United Bank who understand the importance of who they serve and where they came from. To learn more about how your neighbor, United Bank, can help you, contact us today. 866.959.BANK (2265) bankatunited.com Member FDIC Equal Housing Lender A Pratt & Whitney worker toils on a jet-engine blade. P H O T O | C O N T R I B U T E D

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