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SAVE THE DATE!
'BLACK TIE & BLUE JEANS'
ANNIVERSARY EVENT
WEDNESDAY, SEPT. 14, 2016
CT CONVENTION CENTER | HARTFORD
Cool things just stand the test of time.
Join us in celebrating 20 years of young entrepreneurs.
20th
ANNIVERSARY
19
9
7-2
0
16
Index
■ Reporter's Notebook: PG. 5
■ Week in Review: PG. 6
■ Focus: PG. 8
■ The List: PGS. 10, 12
■ Deal Watch: PG. 14
■ Movers & Shakers: PG. 24
■ Opinion & Commentary: PG. 28
Budget Crunch
As we head into the summer tourism season,
Connecticut officials will have less money to spend
marketing the state's attractions, while individual
museums, nonprofits and arts groups will also see
less state funding. PG. 3
FOCUS: TECHNOLOGY
Growth Spurt
Glastonbury enterprise resource planning software
developer Shoptech Software has been named to
Inc. Magazine's fastest-growing 5,000 companies
in America list in each of the last nine years. Find
out what's fueling the company's growth. PG. 8
JUNE 6, 2016
Volume 24, Number 27
$3.00
Credit union CFO claims
whistleblower retaliation
By Matt Pilon
mpilon@HartfordBusiness.com
A
former chief financial officer and his
top lieutenant, both fired in January by
one of the state's largest credit unions,
aren't going away quietly.
The former employees of Rocky Hill-
based Nutmeg State Financial Credit Union
(NSFCU) have filed a civil lawsuit against
their former employer, claiming they were
fired in retaliation for communicating with
regulators what they believed were improper
accounting practices at the credit union.
The plaintiffs, former Nutmeg CFO Timo-
thy Ross and former Vice President of Lending
By Gregory Seay
gseay@HartfordBusiness.com
F
or decades, the town of Berlin watched with some envy as com-
mercial development sprouted along stretches of the Berlin
Turnpike that were beyond its borders.
Newington and Meriden, just two of the communities that hug
the 12-mile, four-lane asphalt strip, saw an explosion of big-chain
retailers and restaurants, as well as local vendors, in their towns.
But Berlin, handcuffed in part by a commercial land-use policy
that restricted development and preservation concerns, was shut
out. For many town residents, that was just fine.
Not anymore.
The slowly improving economy, along with a host of other factors
— ranging from more coordinated economic planning to an ordi-
nance shift allowing development on smaller parcels in town, and
Continued on page 19
FILLING
SPACES
Berlin warms to development
on its turnpike, other corners
Berlin economic development director Christopher
Edge at the future turnpike home of Acura of Berlin.
Continued on page 20
A Nutmeg State
Financial Credit
Union branch in
Rocky Hill.
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