Hartford Business Journal

www.HartfordBusiness.com May 1, 2017 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 5/8 Focus: Technology ■ The List: Largest NASA contracts ■ Nonprofit Profile: Foodshare CALENDAR WEDNESDAY, MAY 3 Women-Owned Business Day The Women's Business Development Council (WBDC) of Connecticut will hold their fourth annual Women-Owned Business Day at the State Capitol May 3, at the Legislative Office Building, 300 Capitol Ave., Hartford. The co-chairs of the event are House Minority Leader Themis Klarides (R-Derby) and Rep. Patricia Billie Miller (D-Stamford). The keynote speaker is Esther Morales, the executive director of the National Women's Business Council (NWBC). The event, which runs from 8 a.m. to noon, is an opportunity for attendees to join an interactive discussion with key national and state leaders about the economic clout of women entrepreneurs. The event is free to attend. For more information go to: http://www.ctwbdc.org/. F O R A C O M P L E T E L I S T O F G R E A T E R H A R T F O R D B U S I N E S S E V E N T S , G O T O W W W . H A R T F O R D B U S I N E S S . C O M A N D C L I C K O N ' C A L E N D A R . ' A L L C A L E N D A R I T E M S M U S T B E S U B M I T T E D E L E C T R O N I C A L L Y V I A O U R W E B S I T E , H A R T F O R D B U S I N E S S . C O M . REAL ESTATE UConn trustees approve $1M sale of W.Htfd. campus to town UConn's board of trustees last week unanimously approved the sale of the school's Greater Hartford campus property to the town of West Hartford, for a much smaller pricetag than originally anticipated. The deal's revised terms, which West Hartford's town council also approved, include the university selling the property to the town for $1 million, down from an original $5 million pricetag. As part of the agreement, UConn would receive 90 percent of the sales proceeds if West Hartford resells the property before Oct. 1, 2026, the university said. UConn is vacating the 58-acre location to move operations to its new campus in downtown Hartford, and had been working with West Hartford on terms of the potential sale since announcing the move. Themis Klarides Patricia Billie Miller * All credit products, pricing and overdraft protection are subject to the normal credit approval process. 24 hour turnaround is based on receipt of completed application. Some applications may require further consideration and/or supplemental information, which could impact the one-day approval process. Certain terms and conditions may apply. Total business loan exposure at Webster Bank cannot exceed $100,000 and loans can only be secured by business assets, excluding real estate. Requires a Webster business checking account, which must be opened prior to loan closing and which must be used for auto-deduct of payment. The Webster symbol is a registered trademark in the U.S. Webster Bank, N.A. Member FDIC. Equal Housing Lender ©2017 Webster Financial Corporation. All rights reserved. Solve today's financial challenges...by tomorrow. Webster responds with faster access to the funding you need for what matters most to your business. With Fast Track business loans, get decisions on applications up to $100,000 within 24 hours.* call: (855) 468.9739 visit: a local banking center or www.WebsterBank.com/FastTrack May is Business Month. Visit us to learn about our limited-time offers. Students walk around UConn's West Hartford campus. MANUFACTURING Amidst investigations, vo-tech schools chief to resign Nivea L. Torres, superintendent of Connecticut's vocational-techni- cal school system, is resigning from that post on May 1 amidst at least four investigations, the state Department of Education announced. Torres had been placed on paid administrative leave on March 16 when the education department asked the state Department of Administrative Services (DAS) to begin investigating $4.9 million in contracts between the Connecticut Technical High School System and two Rocky Hill-based marking and consulting firms over three years. Since DAS began its investigation, at least three other agencies have started asking questions as well, including the U.S. Depart- ment of Education, the State Contracting Standards Board and Connecticut's state auditors. The investigations are exploring how the system awarded the contracts and whether the money has been properly spent. – Kyle Constable | CT Mirror EDUCATION Middlesex Comm. College's president to depart Middlesex Community College President Anna Wasescha is leaving the Middletown college to become president/CEO of the Fergus Falls, Minn. West Central Initiative, a regional community foundation. Wasescha will begin her new job on May 8, but return to Middlesex to preside over the college's 50th anniversary commencement on May 25. Dean of Academic Affairs Steven Minkler will oversee the day-to-day administration during the month of May. No immediate search for a replacement is planned, according to Mark Ojakian, president of the Connecticut State College and Universities, who is working on a consolidation plan to save the CSCU system $41 million a year. P H O T O | C O N T R I B U T E D

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