Issue link: https://nebusinessmedia.uberflip.com/i/942960
www.HartfordBusiness.com • February 19, 2018 • Hartford Business Journal 23 Government Total revenue (2015) $49,786,802 Per capita tax $2,849 Total expenditures $48,642,425 Total indebtedness $23,620,000 as % of expenditures 48.6% Annual debt service $3,724,114 Moody's Bond Rating - Actual Mill Rate 31.18 Net Grand List $1,271,368,432 Housing stock Existing units 5,846 % single unit 58% New permits (2015) 19 as % of existing units 0.3% Demolitions 0 Residential sales 98 Median price $245,600 Top 5 grand list Company Amount Covenant Home Inc. $22.7M Algonquin Gas Transmission LLC $17.8M Infinity Cromwell Prop Ltd Partnership $10.5M CT Light & Power $9.4M Shaner SPE Assoc Ltd Partnership $8M Town Profile Cromwell Town Hall address: 41 West St., Cromwell, CT 06416 (860) 632-3410 News Around Town ■ ■ Cromwell's Ripley Tools LLC recently announced that it acquired a New Hampshire maker of fiber-optic testing equipment. Ripley makes and sells cable cutters, splicers and other preparation tools. ■ ■ Rory McIlroy, one of the top professional golfers worldwide, recently committed to playing in the PGA Tour's Travelers Championship in Cromwell this summer. ■ ■ In May, Cromwell-based Biological Industries USA announced its partnership with a Monrovia, Calif.-based nonprofit stem cell institute to provide training for aspiring young scientists. General Land area (sq. miles) 12 sq. mi. Households 5,456 Median household income $82,081 Poverty Rate 3.3% Crime Rate (per 100,000 residents) 2,306 Population 2000 12,871 Projected 2020 14,684 Median age 44 Largest age demographic 45-64 (31%) Educational attainment (2012) Persons age 25 or older % of population High school graduate 26% Associate's Degree 7% Bachelor's or more 42% Labor Force (Residence) Employed 7,516 Unemployed 377 Unemployment Rate 4.8% Place of work # of units 478 Total Employment 7,344 Economics Business profile Sector Units Employ- ment Construction 37 358 Manufacturing 17 413 Retail Trade 45 1,164 Health Care and Social Assistance 57 1,711 Accommodation and Food Services 51 1,047 Total Government 14 637 Major Employers • Walmart • Stop & Shop • GKN Aerospace Services • Adelbrook Behavioral & Developmental • Covenant Billage Source: Connecticut Economic Resource Center Movers & Shakers Colleen Sheridan, senior vice president at RM Bradley, has been elected president of the board of directors of CREW CT, an organization supporting and advancing women in commercial real estate. Her 30-year career in commercial real estate has included investment sales, disposition of surplus corporate properties, sale-leaseback transactions and tenant representation throughout the tri-state area. Other officers elected to CREW CT's 2018 board are: president-elect/ national delegate, Lisa Lugauskas, attorney, Fidelity National Title Insurance Co.; secretary, Jennifer Marks, principal, BL Cos.; treasurer, Melissa Ferrucci, senior manager, CohnReznick; national delegate, Monika Avery, principal, The S/L/A/M Collaborative; and past president/sponsorship chair, Courtney Hendricson, vice president of municipal services, Connecticut Economic Resource Center (CERC). Robert J. Stillman, former vice president in Aetna's law department, has joined the law firm of Pierce LLC in West Hartford as an of-counsel member. Stillman brings more than 20 years of legal experience serving in increasingly senior roles at Aetna, where he concentrated on healthcare cost containment; fraud; False Claims Act suits; government investigations; national class action suits; and actions involving ERISA and RICO. Amanda N. Balboni has been promoted to assistant vice president, internal audit at Bloomfield aeroparts and power-distribution equipment maker Kaman Corp. and Rebecca F. Stath has been appointed assistant vice president, SEC compliance and external reporting. Balboni has served in various roles within Kaman's internal audit department since 2014, most recently leading the department as director, and is a participant in the company's leadership development program. Stath provides leadership for all financial reporting and consolidation activities in accordance with GAAP and SEC rules and regulations. Stath joined Kaman in 2011, serving as internal audit manager prior to her role in financial reporting and compliance. Clement Esposito III and Christopher Schaefer have joined the Glastonbury office of regional certified public accounting firm MahoneySabol. Esposito, a CPA, joined as audit senior. Prior to joining MahoneySabol, Esposito was audit senior at Deloitte & Touche LLP in Hartford. In this new role, Esposito will perform attest services for various clients in multiple industries while supervising and training staff accountants on his engagement teams. Schaefer joined the tax department after interning at the firm while completing his accounting degree. Schaefer will assist the tax group with compliance and research. Jamie L. Perry has joined Southington-based COCC, a financial technology company, as manager of corporate risk management. She previously served as the lead bank information technology examiner for the Office of the Comptroller of the Currency (OCC) and served with the U.S. Air Force Reserve Inspector General's Office, leading its self-assessment inspection program. Harry Monti has been promoted to senior vice president for Symetra Life Insurance Co.'s group life and disability (LAD) and select benefits fixed payment medical businesses, effective April 1. Monti, currently vice president, LAD operations, will continue to be based in Symetra's Enfield office. He succeeds Craig Raymond, who is retiring. Monti joined Symetra in 2014, bringing 25 years of financial, operations and strategic experience. Colleen Sheridan Jennifer Marks Courtney Hendricson Robert J. Stillman Rebecca F. Stath Amanda N. Balboni