Hartford Business Journal

August 28, 2017

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www.HartfordBusiness.com August 28, 2017 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 9/4 Focus: Business Travel/ Hospitality ■ The List: Largest Hotels/ Banquet Facilities ■ Nonprofit Profile: Hill-Stead Museum CALENDAR THURSDAY, SEPT. 28 Annual Employment Law Update The Human Resource Association of Central Connecticut is hosting Sept. 28 its annual employment law update with lawyers from Jackson Lewis. The event, which will take place at the Sheraton Rocky Hill, 100 Capital Blvd., from 4:30 p.m. to 8 p.m., will discuss legislative changes, trends and information critical to the success of the HR professional. At this year's update, attorneys from Jackson Lewis will provide a practical overview of the key developments in workplace law over the past 12 months. The program will touch on a wide range of developments impacting workplaces with practical recommendations for limiting legal exposure. Cost to attend is $45 for members; $55 for nonmembers. For more information or to register contact: HRACC administrator, 860.202.8107, administrator@hracc.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 . ECONOMY & LABOR CT's craft brewers stoke state economy The number of active craft breweries in Connect- icut has tripled over the past five years, while nearly 40 new outlets are being planned, according to the Brewers Association. Craft breweries numbered 16 in 2011 and 49 in 2016, the trade group said. Connecticut's craft beer industry in 2012 gen- erated a nearly $374 million economic impact. By 2014, the economic impact of the Nutmeg State's craft beer industry grew to $569 million, employing 4,632 people, the association said. The ramp-up has paralleled Gov. Dannel P. Mal- loy's tenure, which began in 2011. In 2012, Malloy signed a law allowing craft brew- eries to have on-site taprooms that didn't require food service. He also signed a Sunday liquor sales law that allows breweries to sell by the pint, said Brad Hittle, CEO of Two Roads Brewery. This year, Malloy signed the farm brewery law, which allows farm breweries to make, store, bottle, distribute, and sell up to 75,000 gallons of beer a year, and to ad- vertise their product as Connecticut Craft Beer. REAL ESTATE Hartford area's July home, condo sales higher The Hartford area's house and condominium sales rose in July, Realtors said. There were 1,274 single-family dwellings sold in the region last month, up 1.5 percent from 1,255 units sold in July 2016, the Greater Hartford Association of Realtors (GHAR) said. The median price last month for those sold homes was es- sentially flat at $232,950 vs. $232,750 a year earlier, GHAR said. Median price means half the houses sold for more and the rest for less. July's condo sales grew 5.3 percent to 257 units vs. 244 a year ago. Median price rose 2.7 percent to $154,000 from $149,900 a year ago. "Tightening inventory and an increase in closed sales typically leads to rising prices," said GHAR CEO Jeff Arakelian. Stony Creek brewmaster Andy Schwarz (above) in the brewery's Branford tap room, which acts as a laboratory to test new beer concoctions with customers. P H O T O | H B J F I L E

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