Issue 15
December 2013
From The Commissioner

Since the last edition of The Business Edge, Connecticut marked an important occasion: the two-year anniversary of Governor Malloy’s Jobs Bill, a vital piece of legislation that has helped Connecticut recover a significant number of jobs lost in the Great Recession.

It’s always a good idea to take stock and evaluate whether a particular public policy measure is working and having the desired outcome.  With that in mind the department recently issued a report updating the progress of the Jobs Bill and highlighting its successes. Of course, there is much more to be done, but so far, I’d say the Jobs Bill has had enormous impact — both in terms of increased jobs and capital investment.


Economic Progress Report, New Web Database Highlights Jobs Bill Successes

In the two years since Governor Dannel P. Malloy’s landmark 2011 Jobs Bill passed, Connecticut has gained tens of thousands of jobs and leveraged nearly two billion in private investment.

Earlier this month, Governor Malloy and DECD Commissioner Catherine Smith issued a two-year progress report on the impact of the Jobs Bill (Public Act 11-1) and unveiled a new economic development web database.

Trade Mission Strengthens Ties with Israel

Earlier this month DECD Commissioner Smith lead a group of businesses and area economic development officials to Israel to promote Connecticut companies, the state’s many business advantages, and strengthen Connecticut-Israeli business collaborations. 

The trip was a great success on several fronts, but the signing of the Memorandum of Understanding (MoU) with the Israel Tech Transfer Organization (ITTN) had special significance as it lays the foundations for better and more productive economic and research collaborations between Connecticut and Israeli businesses, research institutions and universities.

Connecticut Innovations Has a New Look!

Last week Connecticut Innovations unveiled its new brand identity, including a new corporate logo and an interactive website that is designed to reflect CI’s merger with the Connecticut Development Authority (CDA) in 2012, and the addition of the Small Business Innovation (SBI) group in 2009. The new web site highlights the services offered by the three entities under the CI umbrella as well as CI’s new mission to help Connecticut businesses thrive no matter what stage of the business life cycle they’re in.

Governor Orders Comprehensive Regulatory Review

Governor Malloy is looking for the public’s input in his ongoing effort to streamline state government and support economic growth, while improving government services and increasing transparency.

In October the Governor signed Executive Order No. 37, inviting public comment on all state regulations more than four years old in an attempt to identify regulations that are obsolete, duplicative, excessively burdensome, or otherwise ineffective or unnecessary.

Partner Profile

A Conversation with Susan Winkler, Executive Director of Connecticut’s Insurance and Financial Services Cluster (CT IFS)

Susan Winkler has been the executive director of Connecticut’s Insurance and Financial Services Cluster (CT IFS) since 2007.  The organization’s 2013 Insurance Market Forecast event held in November in Hartford was a great success and provided some interesting updates on the state of the industry.  In this installment of Partner Profile, we catch up with Susan after the event to get her perspectives on several aspects of the cluster.

At Your Service
Jeremy Crisp, Executive Vice President and Chief Innovation Officer, Connecticut Innovations

Connecticut is serious about growing bioscience.  So serious, in fact, that the state legislature this year established the $200 million, 10-year, evergreen Connecticut Bioscience Innovation Fund (CBIF) to help accelerate bioscience activities in Connecticut.

Jeremy Crisp, Ph.D., who previously headed global alliance management for Novartis Institutes for BioMedical Research, was appointed to lead the fund.  He joined Connecticut Innovations (CI), which was designated to manage the fund, in late August and serves as CI’s executive vice president and chief innovation officer.

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