Hartford Business Journal

February 20, 2017 — Best Places to Work in CT

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For more B2B news visit FEBRUARY 20, 2017 Volume 25, Number 9 $3.00 Subscribe online Don't miss being a part of biggest sales lead generation day of the year on June 8th 2017 Introducing the ALL NEW 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 Index ■ Week in Review: PG. 6 ■ Deal Watch: PG. 11 ■ Nonprofit Notebook: PG. 12 ■ Movers & Shakers: PG. 16 ■ Opinion & Commentary: PG. 20 Marking a Milestone Foxwoods Resort Casino is celebrating its 25th anniversary this year, but casino executives aren't interested in looking backwards. They have their sights set on the next quarter-century. PG. 3 Tax Windfall The city of Hartford could reap $56 million in new revenues from a proposal by Gov. Dannel P. Malloy allowing municipalities to assess property taxes on hospitals. PG. 5 Malloy holds line on business taxes; maintains tax credits, incentives By Matt Pilon mpilon@HartfordBusiness.com G ov. Dannel P. Malloy's proposed $40.6 billion biennial budget has busi- nesses breathing a tentative sigh of relief, though plenty can hap- pen between now and June 7, the last day of the legislative session. The lack of recommended increases to corporate, income or sales taxes can be seen as a deliberate choice made by a gov- ernor heeding clarion calls of the business community, which responded harshly and publicly in 2015 to attempts by the legis- lature to raise business taxes by $700 million. Seven months later, even after lawmakers rolled back some of those tax hikes, General Electric announced it was moving its headquarters to Boston. Continued on page 10 By Gregory Seay gseay@HartfordBusiness.com S ean M. Fitzpatrick, the city of Hartford director responsible for seeking out and maximizing its best economic opportu- nities, is never far from reminders of the impor- tance of his role — and the stakes involved. The nearest, best cue, he says, is Consti- tution Plaza. From his glassy, fourth-floor corner office at 250 Constitution Plaza, Fitz- patrick has a panoramic vista of the sky- scraper-framed quadrangle that is Hartford's most ambitious and controversial monument to 1960s urban renewal. As a boy growing up in southern Massa- chusetts, Fitzpatrick regularly accompanied his father into downtown Hartford, a city whose current mayor decades later beckoned his business, legal and management skills as director of development services to try and restore Hartford's economic luster. Fitzpatrick remembers being mesmerized by the sights and sounds he encountered on those visits. He vividly recalls the gleaming 1964 debut of the "Boat Building,'' still head- quarters for The Phoenix Cos. "I grew up in Holyoke,'' he said. "To me, this was the big city. Constitution Plaza … it reminds me every day to recapture the energy I remember.'' Fitzpatrick, 58, a lawyer and a former insur- ance executive at The Hartford who previously co-founded and sold one of Connecticut's most successful specialty-insurance startups, has had his work cut out for him in his new role. Since accepting an invitation to join the Bronin administration, Fitzpatrick's plate Continued on page 8 HARTFORD'S REVITALIZER Capital City's towering imprint drives its economic curator Gov. Malloy's budget avoids tax hikes on businesses like Cambridge Specialty Co. in Berlin, where Malloy recently toured. Sean Fitzpatrick says Phoenix Cos.'s Boat Building (background) and nearby Constitution Plaza are reminders of the economic vitality he wants to help restore in Hartford. P H O T O | S T E V E L A S C H E V E R P H O T O | C O N T R I B U T E D Best Places to Work In this issue, Hartford Business Journal unveils its 2017 Best Places to Work. Find out which companies made the cut and topped the list. PG. 17

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