Hartford Business Journal

May, 16, 2016

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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 MAY 16, 2016 Volume 24, Number 24 $3.00 Subscribe online JUNE 9, 2016 Only 24 DAYS until C T B E x p o . c o m 1 6 T H A N N U A L Legislative Wrap-up HBJ recaps six bills passed by the House and Senate this legislative session that will impact a wide range of industries. PG. 13 Index ■ Week in Review: PG. 6 ■ Focus: PG. 8 ■ The List: PG. 10 ■ Deal Watch: PG. 11 ■ Movers & Shakers: PG. 18 ■ Opinion & Commentary: PG. 20 EXECUTIVE PROFILE Bankers' Banker Craig Howie, president and CEO of Bankers' Bank Northeast in Glastonbury, experienced a near fatal bike accident in 1984. Find out how it changed his outlook. PG. 5 As a 'back-office' venue, Hartford ranks high By Gregory Seay gseay@HartfordBusiness.com H artford's geography and its pool of highly educated, skilled talent have long made it a desirable locale for corporate headquarters and other front-office presences. But Hartford also presents a compelling, money-saving case for companies to install or relocate their "back-office'' operations to the city and state, according to a new report by Princeton, N.J., corporate-location advisor The Boyd Co. Back-office usually describes the non-revenue-generating administrative, data-processing, and other operational- and customer-support systems and services on which companies rely. Relatively low office rents and other corpo- rate operating overhead offered in Hartford and its "ring" towns make the region an attractive option for back-office operations compared to Boston, New York City and other major North CT pushes to collect taxes from remote companies By Matt Pilon mpilon@HartfordBusiness.com C onnecticut's tax commissioner and other officials want to write the next chapter in an ongoing push to collect tax revenue from online companies and others located outside the state. Several years after the state got online retail giant Amazon.com to begin collecting and remitting millions of dollars a year in sales tax to Connecticut's coffers, Department of Revenue Services Com- missioner Kevin Sullivan is eyeing a new target: Airbnb, an online marketplace that collects a fee for allowing property owners to list and rent lodging to travelers. John Boyd, principal, The Boyd Co. H B J P H O T O | G R E G O R Y S E A Y Continued on page 14 Continued on page 12 H U N T I N G for REVENUES Department of Revenue Services Commissioner Kevin Sullivan is trying to figure out ways to collect sales taxes from online retailers and other businesses that don't have a physical presence in the state, but sell to Connecticut customers. P H O T O | P A B L O R O B L E S

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