Hartford Business Journal

June 27, 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 JUNE 27, 2016 Volume 24, Number 30 $3.00 Subscribe online 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 ■ Week in Review: PG. 6 ■ Focus: PG. 8 ■ The Lists: PGS. 10, 12 ■ Deal Watch: PG. 16 ■ Movers & Shakers: PG. 24 ■ Town Profile: PG. 26 ■ Opinion & Commentary: PG. 28 Stage 2 A new free consulting service overseen by the MetroHartford Alliance and funded by CTNext aims to help later-stage companies in Greater Hartford mature into larger, more profitable businesses. PG. 3 EXECUTIVE PROFILE Change Agent Charter Oak State College President Ed Klonoski's decision to exploit the Internet and pursue a career in online learning was prescient. Find out why. PG. 5 Companies offer student loan repayment to attract Millennials, others By John Stearns jstearns@HartfordBusiness.com R obert Syc said he's never had a job where his employer offered to help pay off his student loan debt. Until now. Syc works at Foley, a Hartford company that recently announced it will pay $1,000 a year toward an employee's student debt for as long as the employee works there. There's no payment cap. "It's an incredible opportunity," said Syc, 27, who works in drug and alcohol testing compliance at Foley, which provides compli- ance, financial and insurance services for the transportation and employment industries. Companies for decades have offered tuition-reimbursement programs to employ- ees seeking higher-level degrees that groom them for future management positions. But paying employees' old student loan debt is a much rarer benefit. In fact, only about 4 percent of compa- nies offer a student loan repayment pro- gram, according to a Society for Human Resource Management (SHRM) survey, up from 3 percent last year. But that's a number SHRM expects to rise. Continued on page 8 Wooing TALENT H B J P H O T O | J O H N S T E A R N S CT deals seen as linchpin for 'Access Northeast' By Matt Pilon mpilon@HartfordBusiness.com C onnecticut's energy regulator is in the midst of a major power procurement that could determine the fate of New England's largest proposed natural gas expansion project. On July 1, the Department of Energy and Environmental Protection (DEEP) will accept responses to a recent request for proposals to expand natural gas capacity and storage in the state. Among the expected bidders will be the $3 billion Access Northeast project, a proposed Continued on page 20 A post marking a section of Spectra Energy's Algonquin natural gas pipeline, which transports gas to Connecticut. H B J P H O T O | M A T T P I L O N Robert Syc, 27, said Foley's college debt repayment program shows the company cares about its employees.

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