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NOVEMBER 21, 2016
Volume 24, Number 51
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December 1, 2016
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Index
■ Week in Review: PG. 6
■ The List: PG. 10
■ Deal Watch: PG. 11
■ Movers & Shakers: PG. 18
■ Nonprofit Notebook: PG. 19
■ Opinion & Commentary: PG. 20
Innovation Lift
Farmington-based Otis Elevator, which during its
163 years in business has built on a culture of
innovation to refine its passenger/cargo elevators
and escalators, is in the midst of a digital
transformation. PG. 3
FOCUS: BANKING
& FINANCE
Relationship Building
Find out how Connecticut banks are using financial
literacy programs to educate the public and
establish ties with new potential customers. PG.8
Stanley eyes $500M N. Britain tech park
By Matt Pilon
mpilon@HartfordBusiness.com
S
tanley Black & Decker
hopes to redevelop its
legacy manufacturing
properties in New Britain into a
state-of-the-art technology park
that could include $500 million in
capital investment, the Hartford
Business Journal has learned.
The plans, developed quietly
over the past eight years and
revealed in detailed bidding docu-
ments submitted to state officials
in May, show a state-of-the-art
data facility to be powered by
nearly 20 megawatts of Doosan
fuel cells and low-cost hydropow-
er from a Stanley-owned utility
company in Farmington.
Developers hope the data
center will be a draw for big data
users like ESPN, UConn, Yale
and others, and that it would
spur some companies to relocate
operations to as many as four ret-
rofitted New Britain buildings
By Gregory Seay
gseay@HartfordBusiness.com
B
loomfield is in the midst of its biggest commercial-residential
development surge in nearly a generation.
This year alone, Hartford's abutting neighbor has seen
developers declare their intent to erect more than 500 luxury and
age-restricted apartments over the next few years.
In October, the 132-luxury unit Arbors At Brighton Park opened
off Woodland Avenue; a second phase launches soon that will add 60
adjacent luxury townhomes in this town of some 20,500 residents.
Also off Woodland Avenue, Niagara Bottling's controversial bottled-
water plant is near opening, employing dozens. And, specialty-alloy and
precision-parts maker Deringer-Ney Inc. is about to occupy a newly built
Developers want to turn this legacy Stanley Works building in New Britain into a state-of-
the-art data center.
BOOMING
B LO O M F I E L D
Bloomfield's development
spurt tinged with housing
Continued on page 14
Continued on page 16
Bloomfield Town
Planner Jose Giner at
the site of a 215-unit
luxury apartment
community rising at
700 Bloomfield Ave.,
in the shadow of
Town Hall.
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SPECIAL INSERT
Health Care
Resource Guide
HBJ's inaugural Health
Care Resource Guide
provides key
information to
individual and
B-to-B consumers.