Hartford Business Journal

July 4, 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 JULY 4, 2016 Volume 24, Number 31 $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 List: PG. 9 ■ Deal Watch: PG. 10 ■ Movers & Shakers: PG. 16 ■ Corporate Profile: PG. 18 ■ Opinion & Commentary: PG. 20 REPORTER'S NOTEBOOK Brexit Fallout Two local economists weigh in on the United Kingdom's decision to leave the European Union and the impact it could have on Connecticut companies. PG. 5 FOCUS: BIOSCIENCE 'Bioscience Triangle' The state's latest bioscience incubator in Groton joins similar facilities in Hartford/Farmington and New Haven creating Connecticut's bioscience triangle. PG. 8 CULTURE CUTS Hartford's budget strain means uncertain future for popular events By Matt Pilon mpilon@HartfordBusiness.com H artford-area companies, some of which contribute tens of thou- sands of dollars annually to the city's annual parades, festivals and public celebrations, can expect to see donation requests increase in number and urgency, if they haven't already. The city's operating budget for the newly begun fiscal year contains deep cuts for events that in the past have relied — in many cases heavily — on free or dis- counted police coverage and cash grants. The first domino fell last week, when Riv- erfront Recapture announced it would be forced to cancel its popular July fireworks celebration, part of Riverfest, because it would have to pay an estimated $100,000 for police and fire staffing previously donated by the cities of Hartford and East Hartford. The Hartford Marathon received nearly $52,000 in in-kind aid from the city of Hartford. Continued on page 12 Winterfest, one of many Hartford events losing city subsidies this year, drew 45,000 ice skaters last winter to Bushnell Park. P H O T O | C O N T R I B U T E D P H O T O | C O N T R I B U T E D CT telecom giants wage legal battle over 'misleading' ads By Matt Pilon mpilon@HartfordBusiness.com W ith their respective headquarters just 12 miles apart in Norwalk and Stam- ford, Frontier Communications and Charter Communications are practically neigh- bors. But any closeness appears to end there. Tension between the two companies over what each is saying publicly about the other has spilled into public view in a New Haven federal court house. That's where both telecom giants are suing each other over allegedly false adver- tising claims. Frontier, which also has a major Hartford presence, filed suit June 20, accusing Charter of commissioning radio ads and print mailers that made false and disparaging statements about its internet, television and telephone offerings. Continued on page 14 I L L U S T R A T I O N | C ! ; T R I B A L I U M V S , V E C T O R S T O C K . C O M

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