Hartford Business Journal

November 14, 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 NOVEMBER 14, 2016 Volume 24, Number 50 $3.00 Subscribe online Join us in Honoring the winners! December 1, 2016 | CT Convention Center Index ■ Week in Review: PG. 6 ■ The Lists: PGs. 12, 14 ■ Deal Watch: PG. 20 ■ Nonprofit Notebook: PG. 24 ■ Movers & Shakers: PG. 26 ■ Opinion & Commentary: PG. 28 PILOT Payments A long-standing state program that reimburses cities and towns for tax-exempt properties could help solve the Capital City's fiscal crisis. PG. 3 Moving Out Vito's by the Park, a restaurant that has been a downtown Hartford staple for years, is leaving its longtime location near the intersection of Gold and Trumbull streets. Find out why. PG. 5 FOCUS: REAL ESTATE Industrial Demand Amazon's new Windsor fulfillment center has been sold to an international investment firm for $105.5 million, underscoring demand for industrial properties in Greater Hartford. PG. 8 Rocky Hill Economic Development Director Ray Carpentino says the town's below-average jobless rate in recent years and palpable realty development have led to strong economic growth. By Gregory Seay gseay@HartfordBusiness.com R ay Carpentino, the town of Rocky Hill's economic development direc- tor, admits to awe upon learning that his community ranked as central Connecti- cut's top performing municipal economy over the last five years, and among the top five in the state, according to a recent analy- sis by state labor officials. "It was a surprise,'' said Carpentino, who has devoted to Rocky Hill 10 of his 24 years helping communities wrangle employment and measured residential and commercial development within their borders. Perhaps, too, the ranking was unexpected for non-Rocky Hill residents more familiar with the Connecticut River community of 20,000 for its prominent commercial ribbons — the Silas Deane Highway/Route 99 and the Cromwell Avenue/Route 3 corridor — and attractions like Dinosaur State Park and Arboretum and the river ferry. Carpentino says Rocky Hill's 4 percent Telecommuting in CT growing, despite Aetna's high-profile departure By John Stearns jstearns@HartfordBusiness.com A etna's recent decision to curtail telecommuting to improve employee collabo- ration and innovation shouldn't affect overall growth in the work-from-home approach in Connecticut, according to tele- work proponents. Although the popularity of tele- commuting has leveled off nation- ally in recent years, according to REGIONAL LEADER Rocky Hill shines as an economic star in Hartford's 'ring' Continued on page 16 P H O T O | S T E V E L A S C H E V E R Continued on page 22 Hartford insurer Aetna surprised many people recently when the company announced it was curtailing some of its work-from-home policies. P H O T O | J A K U B Z A K , S H U T T E R S T O C K . C O M

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