Hartford Business Journal

November 21, 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 21, 2016 Volume 24, Number 51 $3.00 Subscribe online Join us in Honoring the winners! December 1, 2016 | CT Convention Center 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. R E N D E R I N G | C O N T R I B U T E D P H O T O | S T E V E L A S C H E V E R SPECIAL INSERT Health Care Resource Guide HBJ's inaugural Health Care Resource Guide provides key information to individual and B-to-B consumers.

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