Hartford Business Journal

March 14, 2016

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www.HartfordBusiness.com March 14, 2016 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 3/21 Focus: Engineering ■ The List: Largest Engineering Firms ■ Nonprofit Profile: Southside Institutions Neighborhoods Alliance CALENDAR TUESDAY, MARCH 22 Innovative efforts to close the global inequality gap In the fight against global inequality, what's working, what's not and how do we know? In a special collaboration, the Presidents' College and the World Affairs Council of Connecticut will present a discussion March 22 exploring today's innovative global development efforts, the importance of evaluating what's working and what's not, and if these efforts have brought us any closer to closing the international economic divide. The featured speaker will be Annie Duflo, executive director of Innovations for Poverty Action Lab in New Haven, and former executive director of the Centre for Microfinance in Chennai, India. The event runs from 6 p.m. to 7:30 p.m. at the University of Hartford, KF Room, Mortenson Library, West Hartford. Cost to attend is $10 for members, $15 for nonmembers. For more information or to register contact: Amanda Jolly, 860.241.6118, ajolly@ctwac.org. 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 . ENERGY & UTILITIES Whole Foods to quadruple solar stores Whole Foods Market said last week it will retrofit 100 of its stores with rooftop solar panels, including some of its nine Con- necticut locations. Whole Foods said it expects the solar projects to propel it into the top 25 corporate solar users in the U.S. The current leader, as ranked by the Solar Energy Industries Association, is Walmart, which has 142 megawatts of solar panels on approximately 350 of its locations. While some retailers have adopted solar faster, Whole Foods is no newcomer to renewables and energy efficiency. The company has more than 400 U.S. stores, two dozen of which already have solar panels, according to its 2015 annual report. Whole Foods has had a fuel cell at its Glastonbury store since 2008. Its Fairfield store got a fuel cell in 2011. There are electric- vehicle charging stations at 60 Whole Foods stores. The company has also diverted 90 percent of landfill waste at 14 of its stores, and none have offered disposable plastic bags since 2008. SolarCity is designing Whole Foods' solar systems. REAL ESTATE Popular bakery plans WH Center location A popular West Hartford bakery plans to open a second location in the town's center after five years in the Elmwood section. The Hartford Baking Co., located at 625 New Park Ave., West Hartford, will open a second retail location on Farmington Avenue in West Hartford Center in May 2016. Bakery President Scott Kluger began the company five years ago using family recipes. The Hartford Baking Co. grew out of local farmers markets in the community and still is 100 percent locally owned and operated. In 2015, Kluger told the Hartford Courant he was considering a location in downtown Hartford, in the Pratt Street storefront for- merly occupied by Jojo's Coffee. 1 in 10 tri-Hartford homeowners 'upside down' One in 10 homeowners in the Hartford-West Hartford-East Hartford region remain "underwater" on their mortgages, mean- ing they owe more on their dwellings than they are worth, a fresh analysis shows. At the close of 2015, 30,436, or 10.4 percent of mortgaged homes in the three communities sampled, had negative equity, according to Irvine, Calif., mortgage-data analyst CoreLogic. That compares to 30,462 properties in the trio, or 10.5 percent, with negative equity at end of 2014. CoreLogic said it found that approximately 120,000 U.S. prop- erties lost equity in the fourth quarter vs. the third quarter. Quality Construction + Butler Manufacturing = Repeat Customers www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 317–321 Federal Road, Brookfield, CT | 2005 | 31,000 sq ft 270–290 Federal Road, Brookfield, CT 2002 | 33,000 sq ft 227-235 Federal Road, Brookfield, CT 2014 | 25,000 sq ft Contact us at 1-855-BUILD-86 or visit us on the web. I N V E ST in C O N N E C T I C U T Earn Tax-Free Income When You Buy State of Connecticut General Obligation Bonds NEW ISSUE $550,000,000* State of Connecticut General Obligation Bonds (2016 Series A) The Honorable Denise L. Nappier Treasurer of the State of Connecticut Expected Tax Status * Interest on the General Obligation Bonds is double tax-exempt for Connecticut residents** Contact Us Today To Invest b u y b o n d s . c o m 8 7 7 - 5 5 2 - 8 2 6 6 O r c a l l a n y o f t h e f i r m s b e l o w : RAMIREZ & CO., INC. 8 5 5 - 2 8 9 - 2 6 6 3 * Preliminary subject to change ** Before purchasing any bonds, contact your tax advisor to determine any applicable federal, state and local tax consequences. These bonds may not be sold, nor may offers to buy be accepted prior to the time an Official Statement is delivered in final form. Under no circumstance shall this announcement constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The bonds will only be sold by means of an Official Statement. LOOP CAPITAL MARKETS, LLC 888-294-8898 WILLIAM BLAIR 800-269-9889 CITI 855-644-7252 MORGAN STANLEY 877-937-6739 Retail Order Period * Tuesday, March 15, 2016 Institutional Pricing * Wednesday, March 16, 2016 Delivery Date * Wednesday, March 30, 2016 BAIRD 800-792-2473 BARCLAYS 212-528-1061 BLAYLOCK BEAL VAN, LLC 212-715-6600 CABRERA CAPITAL MARKETS, LLC 800-291-2388 ESTRADA HINOJOSA & COMPANY INC. 800-676-5352 FIDELITY CAPITAL MARKETS 800-460-5848 GOLDMAN, SACHS, & CO. 917-343-7900 KEYBANC CAPITAL MARKETS INC. 800-233-2460 PRAGER & CO., LLC 800-336-4020 RBC CAPITAL MARKETS, LLC 800-243-2478 STIFEL 800-679-5446 WELLS FARGO BANK, N.A. MUNICIPAL PRODUCTS GROUP 866-287-3221 Whole Foods' Glastonbury store has had a fuel cell power plant for eight years. P H O T O | H B J F I L E

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