Fairfield County Business Journal 011413

FAIRFIELD COUNTY

BUSINESS JOURNAL

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Nonprofit makes waves in cancer fight

State budget tied to cliff fate

Stemming the

BY PATRICK GALLAGHER

tide

pgallagher@westfairinc.com

The genetic code that forms the basis of all life is remarkably composed of just four components, or bases: adenine, cytosine, guanine and thymine, or A, C, G and T. By manipulating that genetic code, researchers backed by the nonprofit Alliance for Cancer Gene Therapy — ACGT for short — are making headway against acute forms of cancer that patients have fought for years, often in the face of overwhelming odds.

Stamford-based ACGT was formed in 2001 and began funding research and clinical trials in 2002.

In just over 10 years since, the group has received about 780 grant requests

Malloy laments move by Congress to postpone decision on sequestration

BY JENNIFER BISSELL

I

jbissell@westfairinc.com

He’s the university’s School of Engineering dean, vice president of graduate studies and research, a professor of engineering and computer science, as well as the founder of UB’s high-tech business incubator and robotics laboratory.

Sobh has authored or co-authored

n preparation for his February budget proposal, Gov. Dannel P. Malloy said he’s anxious to hear which defense and discretionary spending cuts Congress will approve within the next two months as part of Washington’s extended deadline to avert the fiscal cliff.

Cuts to programs, particularly those related to defense and Medicaid, could have an adverse effect on the state’s budget, Malloy said in an address to the Greater Danbury Chamber of Commerce Jan. 8 at Cartus Corp.’s headquarters.

Nearly half of the state’s Medicaid program, which accounted for the bulk of the state’s projected budget deficit before Malloy and the state legislature enacted spending cuts in December, is federally funded and much of the state’s economy is dependent on defense spending, Malloy said.

“Here I am in the midst of putting together a budget,” Malloy said. “Not knowing, in any clear way, what the economy is going to look like, as a result of the inability (of Congress) to have appropriately addressed the fiscal cliff.”

Since last fall, when the state Office of Policy and Management projected a $365 million budget deficit for the 2013

Stemming, page 6

State, page 6

Nonprofit, page 2

FCBJ TODAY Columnist Brad Scheller sits down with Preferred Brands International CEO Ashok Vasudevan … 2 With the economy in need of a spark, STEM could be the answer … 4 After a strong end to 2012, private equity is confident that M&A will rebound … 5 A New startup program aims to foster product development at the Stamford Innovation Center … 7

MEDIA PARTNER

January 14, 2013 | VOL. 49, No. 2

Tarek Sobh.

Courtesy of the University of Bridgeport.

University of Bridgeport’s jack-of-all-trades Tarek Sobh points to STEM fields as answer to stagnant economy

BY JENNIFER BISSELL jbissell@westfairinc.com

Ask Tarek Sobh about his 60-page resume and he’ll say it’s sufficient, but not nearly complete.

A University of Bridgeport professor, Sobh’s list of accomplishments is extensive.

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Sandy aid at $28M

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CEO Insights

B

BY BRAD SCHELLER

Preferred Brands grows on global stage

usiness Journal contributor Brad Scheller recently sat down for a conversation with Ashok Vasudevan, CEO and founder of Preferred Brands International L.L.C., about leading and growing an international food company.

The company, which is based in Stamford and does business as Tasty Bite Preferred Brands International, markets 39 entrees, sauces, rice varieties and meal inspirations — all of which are sold in major grocery chains across the U.S. and worldwide.

The following are excerpts of their conversation.

Scheller: How did your company get its start?

Vasudevan: “The idea actually began when I was an executive at Pepsi. It was a project born out of necessity as one of several ways for Pepsi to discharge its export obligations for its right to doing business in India. Later, when India liberalized its regulations and lifted these conditions, there was no reason for Pepsi to engage in these crazy activities which weren’t core to their business and an opportunity door opened. We saw this opportunity at the center of three mega trends: health and natural foods becoming more popular, convenience foods becoming more important and the desire for choice and variety in foods expanding

Nonprofit — From page 1

from 166 scientific institutions, awarding 39 grants totaling $23 million to researchers studying gene therapy as a method of attacking multiple types of cancer.

In 2004, one award went to Dr. Carl June, who leads a research team at the Abramson Family Cancer Research Institute at the University of Pennsylvania.

June and the university in August 2011 issued preliminary results of a study that aims to show whether genetically engineered T-cells, a type of white blood cell, can be used to defeat cancer, with additional study results released last month.

Out of the 10 adults and two children who participated in clinical trials administered by June’s team – all of whom had advanced forms of leukemia – nine currently show their disease in remission. Two out of the first three patients who were treated remain healthy and in

as our international palates evolve.”

Talk about the challenges of running a global company.

“Culture is a big challenge. We operate in three countries – Australia, India and the U.S. — and the cultures in the three are quite different. The U.S. culture is to be direct. The Aussies tend to a small English penchant for elocution and the Indians have a certain way of saying no. It’s almost impolite to say to no, but it’s implied. Word choice and meaning of words are a big challenge. Take for example a simple saying like ‘I don’t care.’ In the U.S. it means you have a choice, either way is fine, I don’t care. From an Indian perspective, ‘I don’t care’ is an obnoxious thing to say. It literally means I don’t care – about you. It’s rude. So you can’t say that I don’t care. You say I’m indifferent to the outcome or the choice you make. You decide.”

What are the most important leadership lessons you’ve learned over the years?

“Eyes on, hands off when you can. I think of leadership and followership as almost the same thing which is a bit non-intuitive at first. I think of good leaders as first being good followers. If you hire people who are smarter than yourself this is a very important thing. I think I’ve been immensely successful in one thing – full remission after more than two years, according to ACGT. The sample size is small, but the results are “overwhelming” nonetheless, said Barbara Netter, president and cofounder of ACGT. “As it turned out, Dr. June made an enormous, stunning breakthrough in lymphocytic leukemia,” Netter said.

That more than two-thirds of the participants are in remission “is a huge thing, and that is proof of concept,” Netter said.

“And we are very excited about it because we gave them the seed money and set them on this course.”

One of the world’s largest biopharmaceutical companies, it seems, agrees.

Novartis A.G., which is based in Switzerland and has its U.S. headquarters in East Hanover, N.J., has committed $20 million to the construction of a research center on the University of Pennsylvania campus with the goal of bringing the gene therapy treatment to market.

Now, Netter said of the researchers

2 Week of January 14, 2013 • Fairfield County Business Journal

everybody on the senior leadership team is way smarter than I am. I have no hesitation in saying that — whether it’s their quality of education, experience or their expertise. So if you’re successful in doing that as a ‘leader,’ your first job is to be a good follower. And that you do if you keep your eyes on and your hands off.”

How do you think about failure in your organization?

“We talk about empowerment. We don’t say empowerment is the right to make decisions. We say that empowerment is the right for you to make the wrong decision. Empowerment is your right to make a mistake. Then you are truly empowered. Anybody can be in power as long as they continually make good decisions.

The point is you don’t. You make mistakes. And if you make mistakes and you’re bitten you hesitate the next time.

So we say empowerment is your ability to make a mistake and not get called on it. We learn from it by questioning the assumptions behind that decision.”

Let’s talk about hiring. How do you do it?

“We think of it as a triangle — education, experience and expertise. We have a job description for every job. The major aspects of the job, the objectives for each job and the tasks required for each job. who have teamed with ACGT, “They all seem to be putting their heads around, ‘Where next, what next?’”

Netter and her husband, Edward, who passed away in 2011 after serving in executive roles with Geneve Corp., Independence Holding Co., and The Aristotle Corp., founded ACGT after their daughter-in-law died from breast cancer.

“We, like many others, felt very helpless,” Netter said. “We decided that we would venture and make this something we would work toward. Every little step is important.”

Now, she says, “We are the only institution that concentrates exclusively on cell and gene therapy, and all the money we take in goes directly to research.” She said fundraising efforts started slow, with the couple contributing some capital of their own, but that the recent successes of several studies funded by ACGT have led to increased support from donors.

“As more people hear about it, we have continued to grow it,” Netter said.

Whether we brief a recruiter or internally, it is very clear what criteria we are looking for.

“When we begin looking at the people, we look at each of those three points on the triangle. The values we place on education here are disproportionate to the others. There is a bias towards high quality education. Second is experience: We like and value large corporate experience and entrepreneurial experience. The third area is expertise. We need domain expertise. Can you hold a training class on that subject? Are you an expert?”

How do you motivate your employees?

“We are big into awards. Anybody here can sponsor an award. It can be within a function, it can be cross-functional or it can be cross-company. And anybody can nominate anybody for an award. Our theory is that people feel good not only when they are awarded, people feel as good when they are the ‘awarder.’

You want to transform incentives from receiving the award to giving the award.

This gives you a certain sense of well being. We encourage people to nominate at any point in time.”

Brad Scheller, founder of Pivot Point Consulting Group in Wilton, is a CEO coach, management consultant, and facilitator of local Renaissance CEO Advisory Boards and can be reached at bscheller@pivotpointgroup.net.

“Individuals, companies, corporations — we do have a following now.”

Netter said she is hoping to carry on and build the organization in her husband’s stead.

“We wouldn’t be at this point if not for my husband,” she said. “I’m trying to carry out his legacy.”

Storm aid comes as losses mount

BY PATRICK GALLAGHER pgallagher@westfairinc.com

H

urricane Sandy accounted for nearly one-third of all worldwide disaster losses in 2012 and 57 percent of all insured losses, according to a new report.

The so-called superstorm caused an estimated $50 billion in damage and $25 billion in insured losses, according to a Jan. 3 report by Munich Reinsurance America Inc., the U.S. affiliate of Munich Re. In comparison, Irene, which began as a hurricane and was downgraded to a tropical storm by the time it reached the Northeast, caused about $15 billion in losses, with slightly less than half insured, according to Munich Re. Despite the destruction wrought by Sandy, worldwide disaster losses were significantly lower in 2012 than the previous year.

In 2011, natural catastrophes were blamed for total losses and insured losses of roughly $380 billion and $105 billion, respectively — both records — with the

bulk of the losses attributed to devastating earthquakes that struck Japan and New Zealand.

This past year, worldwide disasterrelated losses were estimated at $160 billion, with about 40 percent of that insured, according to the Munich Re report.

Among area insurance providers, The Hartford Financial Services Group said it expected Hurricane Sandy to cost it $370 million in total claims before accounting for tax and reinsurance.

About 60 percent of the company’s losses are in The Hartford’s commercial segment, which includes property-casualty insurance for businesses, with the remaining 40 percent coming in the company’s consumer markets business.

The Hartford said in a December statement that net catastrophe losses through Nov. 30, 2012 were estimated at $230 million, after tax.

Travelers Cos., an insurance company headquartered in New York City with corporate offices in Hartford, estimated losses stemming from Hurricane Sandy at about $1.14 billion before tax and rein-

surance.

After accounting for taxes and estimated recoveries from reinsurance, Travelers estimated losses of about $650 million.

Both Travelers and The Hartford noted that the estimates were preliminary in nature.

Other providers of home and automobile policies, including Columbus, Ohiobased Nationwide Mutual Insurance Co., said it would detail Hurricane Sandyrelated claims and any expected losses in fourth quarter financial reports, to be released later in January or early February.

A Munich Re board member, Torsten Jeworrek, noted that the losses related to Hurricane Sandy could have been lessened with better preparation.

“It would certainly be possible to protect (areas) like New York better from the effects of storm surges,” Jeworrek said in a press release. “Such action would make economic sense and insurers could also reflect the reduced exposure in their pricing.”

Slowly but surely, disaster aid is en route to Connecticut and the tristate region after Congress passed a $9.7 billion package Jan. 4 to bolster the National Flood Insurance Program.

Gov. Dannel P. Malloy said last week that $28 million in disaster assistance had been approved for Connecticut residents and businesses through Jan. 7, including $17.7 million in low-interest loans approved by the U.S. Small Business Administration for businesses, homeowners and renters.

However, Malloy was critical of the delays in Congress, where the U.S. House of Representatives did not vote on a larger, $60 billion funding bill prior to the end of the 112th Congress, with House Republican leadership instead saying that votes on the funding would be held in two parts Jan. 4 and Jan. 15.

“House Republican leadership missed a real opportunity to accelerate recovery and mitigate future damage when the 112th Congress adjourned without considering the Senate-passed bill,” Malloy said in a prepared statement.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of January 14, 2013

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PERSPECTIVES

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Keeping it in the family

eneral Electric Co., headquartered in Fairfield, built the engines that power more than 900 Embraer E-series jets currently in service around the world.

When the Brazilian aircraft manufacturer Embraer rolls out its second-generation E-series jets starting in 2018, the engines will have been built not by GE but by its neighbor to the north, Pratt & Whitney, as announced by the East Hartford-based aerospace company last week.

Bet you didn’t know that JetBlue airliner you flew on last week wouldn’t have gotten off the ground if not for a Connecticut-based company.

Or maybe you drove instead of flying.

Those EZPass plazas across New England and the tristate region that allow you to breeze through tolls – to find out who is responsible, look no farther than Norwalk-based Xerox Corp., which, as Chief Strategy Officer Uta Werner said at a recent event sponsored by the Association for Corporate Growth, is doing far more than document management these days.

Companies are looking for homegrown talent and homegrown ideas to invest in for their futures.

Fairfield County is bookended by some of the world’s most prominent research institutions in Yale University in New Haven and Columbia, New York University, Cornell and others in New York City.

But that fact alone is no reason not to further develop what resources exist here within the county.

That 2012 was an unusually strong year for global equities markets has masked the fact that financial services companies, long the lifeblood of the Fairfield County economy, are struggling.

Across the county, proposed commercial and mixed-use developments that might have been no-brainers before the recession struck have yet to get off the ground. Developers and real estate brokers have near-unanimously pointed to a lack of expansion on the part of Fairfield County’s financial services tenants as the primary culprit for the slowdown.

The state’s and county’s job markets have yet to take off like much of the U.S. as a whole has in the wake of the 2008 financial crisis.

The answer, though, is staring us in the face: STEM, short for science, technology, engineering and mathematics.

If southwest Connecticut seeks to stay competitive, it is vital for the county’s universities and business development programs – with the help of private investors and government – to continue to place emphasis on developing the STEM fields.

Between the likes of GE, Pratt & Whitney parent United Technologies Corp. and Xerox Corp., just to name a few, Connecticut is home to some of the most technologically advanced manufacturers and service providers in the world.

And it’s not just Fortune 500’s that are getting into the action.

A small Stamford nonprofit, Alliance for Cancer Gene Therapy, has awarded more than three-dozen grants for $23 million over the past decade to researchers seeking an edge against various types

of cancer.

One such grant went to a University of Pennsylvania research team studying the viability of genetic engineering to treat leukemia.

In the corresponding clinical trial that was made possible by the ACGT seed funding, nine of 12 participants who had been suffering from acute forms of leukemia are currently in remission, prompting international drug company Novartis to invest $20 million in the expansion of the study.

In another example, last week, the Stamford Innovation Center unveiled a new business accelerator, Lean Launch Ventures. LLV seeks to have participants develop a product — even a very rough prototype – before, rather than after, pitching to investors, with the thought that doing so reinforces to potential investors that the product is viable.

Included among the program requirements is a stipulation that at least one team member must be trained in a hightech field.

Sense a theme here?

Bridgeport University dean, researcher and professor Tarek Sobh told the Business Journal that the STEM fields hold tremendous opportunity for students and for businesses.

“When you look at STEM education — by any economic indicator — it’s what matters, especially in this day and age,” Sobh said.

He went on to say, “STEM focuses on what is needed (for) the growth of the economy...Finance, technology, science, math and engineering build growth and strength for years to come.”

They Said it “We are in a better footing than we were two years ago. That is a reality even though that’s hard to enjoy that in a relatively static national economy, where Washington can’t get out of its own way. But we’re ready. This economy will turn around.

— Gov. Dannel P. Malloy, speaking Jan. 8 at a meeting of the Greater Danbury Chamber of Commerce.

“While deal activity in the U.S. was sporadic throughout the year, it compared very favorably to foreign exchanges. …

Capital markets executives are anticipating further improvements to the U.S. economy in 2013, and that will be the key to U.S. exchanges maintaining a dominant position in terms of total global proceeds.”

— Lee Graul, partner in the capital markets practice of BDO USA L.L.P. The accounting and consulting firm recently released its 2013 BDO IPO Outlook Survey, with respondents projecting a 6 percent increase in U.S. initial public offerings in 2013. BDO USA recently marked the opening of a new office in Stamford.

“I plead not guilty, your honor.” ­— Mathew Martoma to Judge Paul G. Gardephe, at Martoma’s Jan. 3 arraignment in U.S. District Court. Martoma pled not guilty to the three counts of securities fraud and conspiracy he has been charged with. .

“By any political or policy standard, … the Speaker and Senate Minority Leader Mitch McConnell have accomplished little in two years beyond checking liberal ambitions.”

FAIRFIELD COUNTY

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— The Wall Street Journal editorial, “Boehner’s Second Chance,” published Jan. 4.

“I have serious concerns that this settlement may allow banks to skirt what they owe and sweep past abuses under the rug without determining the full harm borrowers have suffered.”

— U.S. Rep. Elijah E. Cummings of Maryland, the top-ranking Democrat on the House Committee on Oversight and Government Reform, on a Sept. 7 settlement between the Federal Reserve Board, the Office of the Comptroller of the Currency, and 10 of the biggest U.S. mortgage servicers.

4 Week of January 14, 2013 • Fairfield County Business Journal

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The Business Journal welcomes letters to the editor and opinion columns. Submissions must include the writer’s name, home or business address, email address and telephone number for verification purposes.

The Business Journal reserves the right to edit submissions for accuracy, style and space considerations.

Email submissions to pgallagher@westfairinc.com.

Submissions may appear in print and online.

Mergers key to growth, corporate execs say

BY PATRICK GALLAGHER pgallagher@westfairinc.com

C

orporate dealmakers are forecasting a strong 2013 for prospective buyers and sellers of mid-sized companies after mergers and acquisitions picked up at the end of last year.

Despite the perceived glut of corporate cash, executives from three of the state’s biggest employers cautioned at a Jan. 4 event in Stamford that their respective companies would continue to be selective about what they’d consider acquiring.

Xerox Corp. Chief Strategy Officer Uta Werner said the Norwalk company is expecting to make about $500 million in acquisitions in 2013, focusing primarily on companies in the services area.

However, Werner cautioned against pitches that are too broad or not in sync with what the prospective buyer might be in search of.

“I think there’s a lot of pitching going on, to a broad audience,” Werner said at the panel discussion hosted by the Association for Corporate Growth (ACG) Connecticut chapter at the Stamford Marriott. “We really want to buy companies that strategically fit with what we do.

And so, think about the target and who would be the perfect owner … and keep a short list as opposed to just sending it (a pitch) around to hundreds of people.”

Michael Carter, a managing director of Carter Morse & Mathias, a boutique investment banking firm in Southport, said strong merger activity in the fourth quarter of 2012 will likely spill over into 2013.

“We’d like to think that next year will be a very strong year for (mergers and acquisitions),” said Carter, who moderated the discussion. Of the upswing in activity at the end of last year, he said, “Hopefully that’s not just a tax blip but a trend. The capital is there.”

Werner was joined by panelists Bill Striebe, vice president of business development for United Technologies Corp.’s (UTC) Climate, Controls and Security Systems unit, and Pam Tomczik, vice president of business development for Thomson Reuters Corp.’s Intellectual Property and Science unit.

Tomczik echoed Werner, voicing frustration with pitches for companies whose functions are broad, hidden or unexplained.

“What’s really frustrating is when you get a teaser or someone calls you and they just say, well, it does compliance.

For what?” she said. “Being specific and straightforward about what the services,

software, content is goes a long way … it helps vet it and it also helps us get it in front of the right people.”

Added Tomczik, “If sellers aren’t transparent, that’s the deal killer for us.”

The panelists also advised sellers to be aware of transitions at the corporate level.

After making numerous acquisitions in the 1990s and 2000s without seeing the anticipated growth in earnings, UTC’s Climate, Controls and Security Systems unit sold many of its businesses

that were either non core or not scalable.

“The problem was that we were acquiring a lot but not really moving the needle on our return on sales,” Striebe said. “The questions were, are we too big, are we too complicated, are we trying to do too many things at once?”

A major focus now is on businesses that have strong growth potential and that directly relate to one of the unit’s existing business areas, Striebe said.

Xerox similarly has seen its services business grow significantly, to the point

where services now account for more than half the company’s revenues.

“For those of you who are interested in pitching to us to acquire companies, don’t focus on the legacy Xerox business, because that’s not where the music’s playing,” Werner said. “When people think we are the old Xerox and they come to us with printing companies and printing distribution companies … occasionally will that be interesting to us? Yes, but 95 percent of the time, probably not.”

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12:22 PM FAIRFIELD COUNTY BUSINESS JOURNAL • Week of January1/8/13 14, 2013 5

STATE — From page 1

fiscal year, Malloy and state legislators have spent the last two months closing the budget gap, primarily through spending reductions and revenue adjustments while avoiding tax increases.

In addition to $170 million in agency spending cuts authorized by Malloy, legislators approved a $221.5 million deficit mitigation bill Dec. 15. With the adjustments, Comptroller Kevin Lembo has projected a budget deficit of $40 million for the 2013 fiscal year, which ends June 30.

Malloy, remarking on the state’s fiscal situation, said he has remained committed to solving the state’s budgetary problems as well as helping Connecticut’s economy and businesses grow.

“What we’re trying to do is put the state on a much stronger fiscal footing,” he said.

“We are in a better footing than we were two years ago. That is a reality, even though that’s hard to enjoy in a relatively static national economy, where Washington can’t get out of its own way. But we’re ready. This economy will turn around.”

In the last two years, the state has addressed its unfunded state-employee

STEMMING — From page 1

more than 200 publications and participated in more than 40 funded research contracts.

At a time when experts say the U.S. isn’t producing enough students educated in the sciences, technology, engineering and mathematics — areas encompassed under the term STEM — to support the drive for innovation, Sobh remains committed to making a difference in students’ STEM education, one research project at a time.

“When you look at STEM education — by any economic indicator — it’s what matters, especially in this day and age,” Sobh said. “The ones who are STEM educated are going to be the ones who make a huge difference. Being involved and helping them make a difference is what’s exciting for me.”

Sobh, originally from Egypt, came to the U.S. for graduate school in 1988, and didn’t intend to stay permanently. After graduating with a doctorate in computer and information sciences from the University of Pennsylvania, however, he took a teaching position in Utah before starting his career at UB. Soon after he started teaching and building up UB’s now-famous robotics

pension fund, implemented plans for an education reform and created several job creation initiatives, all of which are long-term solutions to improve the state’s economic standing, Malloy said.

The state’s First Five initiative and successive programs have raised roughly $2 billion in private capital investments and the state has expanded its business growth funding initiatives from 200 companies to 500 companies, Malloy said.

“Sooner or later in our state—because we’ve taken on some of the hard decisions and tough choices that we had to make,” Malloy said. “We will enjoy our share of the new bounty.”

State touts Small Business Express As a part of an Oct. 2011 jobs bill passed by the state Legislature, the Small Business Express program has granted and loaned nearly $67.2 million to Main Street businesses across Connecticut.

Designed to spur job creation, the program provides capital, working capital and other funds to small businesses to offset the void caused by tighter restrictions on lending imposed by some financial institutions.

Since its inception, nearly 500 companies have received either a grant or loan, impacting more than 6,300 jobs, according to a Jan. 3 report by the state

Department of Economic and Community Development (DECD). An additional 271 business are scheduled to receive another $38.4 million.

“The (Small Business Express) program gets capital to the small companies that are the backbone of the state’s economy, and their entrepreneurial activity drives additional investment,” Malloy said in a Jan. 3 statement.

Malloy, Lt. Gov. Nancy Wyman and DECD Commissioner Catherine Smith hosted a roundtable Jan. 3 in Hartford aimed at gathering input from businesses that have participated in the Small Business Express program.

BY THE NUMBERS: SMALL BUSINESS EXPRESS PROGRAM

$27.5

$39.7

$38.4

1,730

93

million in grants approved

million in loans approved

million in grants and loans pending approval

jobs created

Fairfield County businesses funded

Source: Office of Gov. Dannel P. Malloy. Data as of Dec. 31, 2012.

lab, he and his family decided to settle in.

“I never imagined I would be at UB 15 or 16 years later,” Sobh said. “It’s a feat that I’m still here. But it’s the excitement of seeing it grow — the university and programs — that keeps me here.”

gramming makes my role and my life enjoyable.”

Sobh is currently working on many noteworthy research projects.

One is a project centered on developing unmanned aircraft. Currently, Sobh’s

“STEM focuses on what is needed (for) the growth of the economy. Finance, technology, science, math and engineering build growth and strength for the years to come.”

— Tarek Sobh

Since Sobh started at UB, the annual amount spent on funded research and in-kind contributions in equipment and software has increased tenfold from roughly $1 million to $10 million, he said.

The number of faculty members has also increased. Down the line, Sobh said he’d like to see the program grow even more.

“My passion is research — doing projects and work on new entities and systems that make life better,” Sobh said.

“Everything we do (at UB) is related to that in one way or another. Being in a university that is focused on professional development and graduate pro-

6 Week of January 14, 2013 • Fairfield County Business Journal

team is developing its miniature model that is able to fly 250 miles per hour and includes sensors and methods for communicating with operators on the ground.

Additionally, Sobh is working with a team on creating an autonomous group of small robotic devices that would be able to work together to accomplish a task, such as painting a room. Compared to one large robot, or person, painting a room, a group of smaller devices could do the work at a fraction of the time and cost, he said.

A third project involves developing

facial recognition software, which is being commissioned by an unidentified company through UB’s business incubator and funded by the state government.

Eventually the group plans to sell the software to entities such as airports, daycares, schools and repair shops.

All of the projects focus on practical uses, which could later stimulate the economy, Sobh said.

“STEM focuses on what is needed (for) the growth of the economy,” he said.

“Finance, technology, science, math and engineering build growth and strength for the years to come.”

But above all, Sobh said what motivates him is his students and coming to work in a diverse environment.

“This is an amazing place,” he said.

“It’s a very diversified place economically and nationally. It’s kind of fascinating.

Working both with students, local and international, from all walks of life, and getting to see them after a few months of working together on an exciting project— it’s an amazing feeling.”

“Science and technology has always been counted as one of very few fields in the education world where background and nationality really don’t matter,” he added. “It’s a unique sense of accomplishment — to watch a student grow into a researcher. It’s worth it, actually.”

ASK ANDI

BY ANDI GRAY

Set specific goals for your business

Thoughts of the Day: Goals are like picking a destination on a roadmap. Specifics are essential. To increase buy-in, ask people to create their goals. Make sure the goals add up. Set up visible reporting systems to keep goals present.

The clearer everyone is about where your organization is headed, the more likely they can support that vision. Set a destination. Then give your organization purpose by working steadily towards it.

Consider the roadmap analogy. Let’s say you set a goal to travel from New York to California next year. Compare that to a declaration that you’re going to pick the fastest, shortest route and means of transportation to get you from Buffalo to San Diego, so that you arrive by 3 p.m. on Jan. 10.

The former could lead someone to think you’re planning a leisurely drive across the great Midwest, ending some-

where on the West Coast south of Oregon anytime in the coming year. The latter goal puts you on a direct flight, landing in the southernmost major city in the continental United States at or before a specific time and date.

Many owners start and end with declaring they intend to pursue a growth strategy in the upcoming year.

Unfortunately that statement leaves a lot of room for interpretation. What growth?

More revenue? More people? More customers – which ones? More profits? More equipment? More expenses? What is it that is supposed to grow? By when?

Make sure everyone recognizes what you expect the organization to tackle in the upcoming year. For example, if you’re thinking about revenue growth, you might not be happy if the company sold only $1 more than last year. But you’d be thrilled if it sold twice as much as last year — although you’re doubtful that would happen. So somewhere between $1 more and twice as much as last year is the right answer. Narrow the gap.

Add to buy-in by getting people in the organization involved in setting goals. Ask

Accelerator seeks applicants Lean Launch Ventures, a Westport startup accelerator, announced it is accepting applications for a spring session that will be hosted by the Stamford Innovation Center, with participants eligible for up to $25,000 in initial financing.

The launch of the accelerator follows the fall 2012 rollout of the statewide Innovation Ecosystem initiative.

Gov. Dannel P. Malloy detailed the program in October with the Innovation Center, the Business Council of Fairfield County and other organizations tabbed to collectively create a hub of innovation around the Stamford area.

Lean Launch Ventures (LLV), which will be led by technology industry veteran Andy Moss and Innovation Center cofounder Bill Gordon, will accept eight to 10 teams for its spring 2013 session, with the teams eligible for between $20,000 and $25,000 in funding in exchange for a 6 percent equity stake.

The funds will be provided by Connecticut Innovations, a quasi-public investment organization, through LLV, said Moss, adding that the accelerator would choose which companies to

invest in and manage any funds.

“We are certainly very excited about hosting the accelerator program here,” said Innovation Center co-founder and managing partner Barry Schwimmer.

Schwimmer said the Innovation Center staff has worked closely with both Moss and Gordon since its launch last fall, and that the formation of an accelerator was a condition of the contract naming the Innovation Center as a co-sponsor of the Stamford hub.

Teams applying to participate must: be based in Connecticut or willing to move to the state; have been together for at least three months; commit to working full time on their proposal; and have at least one high-tech proficient member.

The accelerator is based on a program developed in Silicon Valley that calls for startups to create a minimum viable product before launching and soliciting financing.

managers and employees what they want to accomplish. Challenge them to do better, achieve more and learn about new things. Ask for specifics about what would cause them to say they had a great year.

As individuals and departments work on goal setting, make sure things add up.

Will the growth goals of the sales department plus the retention goals from customer service hit the company’s overall revenue target? Will operations improvements plus human resource training plans lead to higher profit ratios? Will finance’s improved ability to report on results, matched with marketing’s ramped up efforts in lead generation insure that your company knows if it’s on track with new business development?

If there are areas of shortfall, pull people in and explain the problem. Ask them to close the gap. Let them debate and propose solutions. Working out the details of how to hit the overall goals will help everyone get clear on what needs to happen.

Goals have limited value without a reporting system. Regular meetings, reports that track facts and analysis of key indicators are all essential. Many business

AV T Ai rA LA d BL in E G im Su m iT Ed ES iA TE LY

I don’t feel like I’m very good at quantifying goals, or following through with people on those that I’ve set – to get their buy-in or to know they’re delivering. How can you help me get a good start to the new year?

owners lose out on their goals because they lack a routine for following through.

Set up weekly, monthly and quarterly meetings, with specific agenda, attendance list and reporting assignments. Ask people who are responsible for departmental goals to meet with their staff regularly and then meet with you to provide updates.

If there are problems, don’t let things slide. Challenge everyone to demonstrate progress towards their goals. Post reports where they are visible. The more people can see, the more they can get involved.

Looking for a good book? Try “Key Performance Indicators: Developing, Implementing and Using Winning KPIs”

by David Parmenter.

Andi Gray is president of Strategy Leaders Inc., strategyleaders.com, a business—consulting firm that specializes in helping entrepreneurial firms grow. She can be reached by phone at (877) 238-3535. Do you have a question for Andi? Please email AskAndi@StrategyLeaders.com or mail to Andi Gray, Strategy Leaders Inc., 5 Crossways, Chappaqua, NY 10514. Visit AskAndi.com for an entire library of Ask Andi articles.

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FAIRFIELD COUNTY BUSINESS JOURNAL • Week of January 14, 2013

7

Governor Dannel P. Malloy to Keynote Winter Luncheon In his first two years in office, Governor Malloy first tackled structural deficits in the state budget - primarily state worker post-retirement benefits and the practice of bonding operating expenses.

Governor Malloy in his second year has focused on the areas critical in keeping the state competitive - education, economic growth and infrastructure investment.

We invite you to join us to hear Governor Malloy’s economic strategy going forward, the challenges to be faced and choices to be made.

February 14

January 18

Speed Wellness: Designing and launching a worksite wellness program

January 23, 2013

Registration: 11:30am Luncheon Program: 12:00-1:30pm Location: Sheraton Stamford Hotel Cost: $45 members; $55 nonmembers www.businessfairfield.com

Time: 7:45am Registration; 8-9:30am Program Location: The Tully Health Center, 32 Strawberry Hill Court, Stamford Cost: There is no charge for this event, but registration is required. www.businessfairfield.com

Young Professionals Network events for January The Young Professionals Network (YPN), a member initiative of The Business Council of Fairfield County, is a peer-based organization of professionals, aged 24 to 39, who work and/or live in Fairfield County, Connecticut. Our events bring together invited individuals from all kinds of companies located throughout Fairfield County. Every event includes a learning experience and social networking, with the purpose of providing opportunities to build professional networks, social relationships and engage in volunteer activities that enrich and improve the economic vitality and quality of life of their community.

Our upcoming events include:

Understanding the CFO’s Priorities Can Help Your Career. Here’s How...

A YPN Leadership Luncheon Series Discussion Christopher Lafond, Gartner Executive Vice President & Chief Financial Officer January 15, 2013 Chris Lafond will be our guest to

Advancing your workplace wellness programs

discuss the important financial issues facing today’s organizations and how young professionals who work in them can work effectively to achieve results and grow their careers.

Power Networking

January 24, 2013 The evening will start off with a presentation on “power networking” techniques and the value of networking for your career, to help you understand what you can expect as you improve your skills and grow your network.

Then, you can practice your new skills during our speed networking session.

In just one hour, you’ll get to meet approximately 20 different young professionals. Our conversation starters will help you go beyond the usual “What do you do?” so you can put your best foot forward.

To get more info on YPN or to register for these events please contact Keith Reynolds at the BCFC at 203359-3220 or at kreynolds@businessfairfield.com.

8 Week of January 14, 2013 • Fairfield County Business Journal

Whether you are thinking about starting a workplace wellness program, or are looking to improve upon an existing program, the Business Council’s Wellness Roundtable Committee is offering two programs to provide you with the tools needed to create an engaging and effective wellness program for your employees.

We invite you to join us at our upcoming wellness events as you begin your program planning for 2013.

This will be a hands-on session for organizations who don’t yet have a workplace wellness program or for those organizations that are in the early stages of their workplace wellness program development. Modeled after ‘speed networking,’ subject matter experts will guide small groups of participants through a series of 3 topics that every wellness program manager will face.

A special thank you to our event hosts:

Healthy Workplaces Employer Recognition Program Time: Registration: 7:45am; Breakfast Program: 8:00-9:30am Location: Sheraton Stamford Hotel Cost: Complimentary for honored companies; $25 members; $35 non-members www.businessfairfield.com Now in its fifth year, The Healthy Workplace Employer Recognition Program highlights employers’ efforts to encourage healthy behaviors, enhance productivity, and ensure healthy work environments. Join us as we celebrate, and learn from, the accomplishments of employers from throughout the region.

We would also like to thank The Business Council’s Wellness Roundtable Steering Committee Members for their participation in the Wellness event series:

Co-Chairs

Matthew Fair, Pierson & Smith, a division of First Niagara Risk Management John King, UnitedHealthcare of CT, Inc.

Committee Members

Jacqueline Carmona, Towers Watson Tanya Court, BCFC Martha Ferrante, Connolly, Inc. Mary Henwood-Klotz, Stamford Hospital Dana Loch, Nestlé Waters North America William Pokluda, Daymon Worldwide, Inc. Tara Yeager, Foresight Wellness

Follow us! facebook.com/ BusinessFairfield

#BCFairfieldCo

NEWS IN BRIEF Stamford gun show proceeds despite protests

The eighth annual East Coast Fine Arms Show was held Jan. 5-6 in Stamford despite calls from local residents and officials to postpone the gun show in the wake of the Dec. 14 shooting at Sandy Hook Elementary School.

The convention, held at the Stamford Plaza Hotel and Conference Center, was sponsored by Westchester Collectors Inc. of Mahopac Falls, N.Y., which has in the past hosted gun shows in Stamford, Waterbury, Western Massachusetts and New York’s Hudson Valley. A gun show sponsored by Westchester Collectors that was scheduled for Jan. 12-13 in Waterbury has been cancelled until further notice, according to the organization’s website.

According to reports, the East Coast Fine Arms Show primarily featured collectible antique weapons, and not automatic weapons of the sort that were used at the deadly shooting in Newtown that killed 20 first grade students and six Sandy Hook staff.

Stamford Mayor Michael Pavia told reporters that he would have preferred that the show be cancelled.

Gun control figures to be a prominent topic of discussion when the state Legislature convenes for its 2013 session later this spring.

Gov. Dannel P. Malloy last week announced the formation of a Sandy Hook Advisory Commission to review the state’s current gun regulations and to make recommendations in the areas of public safety, including school safety, mental health and gun violence prevention.

The commission will be chaired by Hamden Mayor Scott Jackson and members will consist of experts in various areas. The governor stipulated that an initial report would be due by March 15 for consideration by the General Assembly.

Accounting firm BDO USA opens Stamford office

Chicago-based BDO USA L.L.P., a national accounting and consulting firm, recently opened a new office in Stamford serving Fairfield County and Westchester County, N.Y. The new office will be overseen by Brian Eccleston, Northeast assurance managing partner for BDO USA, and Joseph Capparelli, who has been named Stamford managing partner.

BDO USA offers services in areas, including tax, risk advisory, financial planning, business restructuring, litigation and fraud investigations.

Banks reach $8.5B foreclosure deal

Ten of the country’s largest mortgage servicers agreed to pay a combined $8.5 billion over mortgage loan servicing and foreclosure processing abuse claims, the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) announced Jan. 7.

Separately, Bank of America Corp. today announced it had reached a $10 billion settlement with Fannie Mae to settle claims over troubled mortgages issued primarily by the bank’s

Countrywide Financial unit.

Under the settlement reached with the Fed and the OCC, Aurora, Bank of America, Citibank, JPMorgan Chase, MetLife Bank, PNC, Sovereign, SunTrust, U.S. Bank and Wells Fargo will pay a combined $3.3 billion in direct payments to eligible borrowers and $5.2 billion in other assistance, such as loan modifications and forgiveness of deficiency judgments.

In the separate settlement agreement reached by Bank of America and Fannie

Mae, the Charlotte-based bank will pay Fannie Mae $3.6 billion and will spend an additional $6.75 billion to buy back mortgages from Fannie Mae at a discounted rate compared to their original value.

— Patrick Gallagher

These news briefs are a sampling of what the Fairfield County Business Journal brings to you every day on the web. Sign up for our daily “News at Noon” e-newsletter at westfaironline.com.

Straight up the hill and firm, Z. Yep. Got it.

Team McGladrey Golfer Zach Johnson and his caddie, Damon Green.

Power comes from being understood.SM When you trust the advice you’re getting, you know your next move is the right move.

That’s what you can expect from McGladrey. That’s the power of being understood.

Experience the power. Go to zachisunderstood.com or contact Tony Ceci at 203.328.7101.

© 2013 McGladrey LLP. All Rights Reserved.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of January 14, 2013

9

THE LIST

Accounting Firms

Ranked by number of CPAs in county.

Listed alphabetically in event of tie.

FAIRFIELD COUNTY Next list: Jan. 21 Colleges and Universities

Accounting Firms

1

Deloitte L.L.P.

2

KPMG L.L.P.

3

PwC L.L.P.

4

McGladrey +

5

BlumShapiro & Company P.C.

6

Citrin Cooperman

7

CohnReznick L.L.P.

8

Capossela Cohen L.L.C.

9

Dworken, Hillman, LaMorte & Sterczala P.C.

333 Ludlow St., Seventh floor, Stamford 06902 708-4000 • deloitte.com

3001 Summer St., Stamford 06905 356-9800 • kpmg.com 300 Atlantic St., Stamford 06901 539-3000 • pwc.com 850 Canal St., Fourth floor, Stamford 06902 328-7101 • mcgladrey.com

2 Enterprise Drive, Shelton 06484 944-2100 • blumshapiro.com

37 North Ave., Norwalk 06851 847-4068 • citrincooperman.com

1177 Summer St., Stamford 06905 399-1900 • cohnreznick.com 368 Center St., Southport 06890 254-7000 • capossela.com 4 Corporate Drive, Suite 488, Shelton 06484 929-3535 • dhls.com

10

Reynolds & Rowella L.L.P.

11

O'Connor Davies L.L.P.

12

Kahan, Steiger & Company P.C.

13

Cohen, Burger, Schwartz & Sax L.L.C.

14

Dylewsky Goldberg & Brenner L.L.C.

15

Martin, DeCruze & Co. L.L.P.

16

Grill & Partners L.L.C.

17

Dempsey Partners L.L.C.

90 Grove St., Suite 101, Ridgefield 06877 438-0161 • reynoldsrowella.com

1 Stamford Landing, Stamford 06902 323-2400 • odpkf.com

1100 Summer St., Stamford 06905 327-5717 • kahansteiger.com

2228 Black Rock Turnpike, Suite 204, Fairfield 06825 333-2228 • cbsscpa.com

30 Oak St., Stamford 06877 975-8830 • dgbcpas.com 2777 Summer St., Stamford 06905 327-7151 • mdcocpa.com 111 Beach Road, Fairfield 06824 254-3880 • grill1.com 372 Danbury Road, Suite 218, Wilton 06987 762-5052 • dempsey-partners.com

McGoldrick & McGoldrick CPAs L.L.P. 2 Greenwich Office Park West, Third floor, Greenwich 06830 531-4961 • mcgoldrickcpa.net

Ken Seel Ken Seel kseel@kpmg.com 1870

106 8,704

161 11,991

25 1,794

a a a

Laurie Schupman Elaine Thornberry 1849

85 10,910

381 31,508

33 2,494

a a a a

Anthony D. Ceci Jr. tony.ceci@mcgladrey.com 1926

31 2,850

88 5,200

14 619

a a a

Carl Johnson Tom DeVitto info@blumshapiro.com 1980

26 114

51 188

11 50

a a a a a a a a a a

Mark L. Fagan Mark L. Fagan mfagan@citrincooperman.com 1979

24 216

26 335

8 100

a a a a a a a a a a

Dom Esposito CPA COO and office managing partner, Stamford Dom Esposito CPA marketing@cohnreznick.com 1919

23 858

23 1,505

5 290

a a a a a a a a a a

19 19

25 25

5 5

a a

a

Eric N. Hendlin Eric N. Hendlin erich@dhls.com 1990

17 17

30 30

9 9

a a

a a a a a a a

Frank A. Rowella Jr. CPA Mitchell Queler Director of operations mitchq@reynoldsrowella.com 1985

16 16

31 31

6 6

a a a

Kevin J. Keane CPA kkeane@odpkf.com 1891

14 197

30 438

8 74

a a a a a a a a a a

Brian McGeady bmcgeady@kahansteiger.com 1970

12 12

14 14

6 6

a a a a

a

Edward P. Burger CPA Edward P. Burger CPA eburger@cbsscpa.com 1959

10 10

16 16

5 5

a a a a

a a a a a

Scott M. Brenner CPA Scott M. Brenner CPA info@dgbcpas.com 1991

7 8

10 10

4 4

a a

a

Kathleen DeCruze kdecruze@mdcocpa.com 2001

5 5

9 9

2 2

a a a

a a a a

Norman G. Grill n.grill@grill1.com 1984

4 4

12 12

WND

John Dempsey CPA, CFE humanresources@dempsey-partners.com 1982

2 15

8 32

2 10

a

Thomas J. McGoldrick Ruth J. McGoldrick mcgold@computer.net 1988

2 2

2 2

2 2

a a

David J. Fuchs CPA info@capossela.com 1946

Questions or comments, call (914) 694-3600, ext. 3005.

Note: This list features companies that responded to our questionnaire. To be included on future lists, email afrey@westfairinc.com. + McGladrey is a professional services firm providing accounting, tax and business consulting; operating in an alternative practice structure with McGladrey & Pullen L.L.P., a partner-owned CPA firm that delivers audit and attest services.

WND Would not disclose.

10 Week of January 14, 2013 • Fairfield County Business Journal

a a a

tax services

a a a a a a a a a a

1895

small-business services

169 3,022

personal planning

646 20,055

sgallucci@deloitte.com

management consulting

450 9,430

Steve Gallucci Steve Gallucci

Services offered

litigation support

Number of partners in county, nationwide

government accounting

Number of accounting professionals in county, nationwide

estate planning

Number of CPAs in county, nationwide

computer consulting

Managing partner(s) Contact Person (bold) Email address Year company established

business planning

Name, address, phone number Area code: 203 (unless otherwise noted) Website

auditing

Rank

Ranked by number of CPAs in county; listed alphabetically in event of tie.

a a

a a a a a

a a a a a a

a a a a

a a a a a

a a

a a

a a a

a a

a a a a a

a a

a

a a a a

SPECIAL REPORT Accounting

Despite challenges, financing available

BY NORMAN G. GRILL JR.

F

or businesses looking for financing, the news is getting better. From a variety of sources — some new, some traditional — loans are becoming more plentiful and somewhat easier to get.

It would be encouraging if this were because the economy was improving.

That isn’t the reason. Improved business loan availability is because of one of the benefits of the free market: competition.

According to the Federal Reserve, domestic banks that eased requirements reported “more aggressive competition from other banks and nonbank lenders” as for why they loosened their purse strings. So, while the economy remains uncertain, competition is creating opportunities for business owners to get the capital they need.

Crowdfunding

Who or what are some of these competitors for your loan interest dollar? One option that’s been getting press recently is crowdfunding. This is the practice of turning to the general public, typically via the Internet, to sell small amounts of equity in a private company in return for ready capital.

As tends to be the case online, one website in particular has become synonymous with this phenomenon: Kickstarter. But there are others, including Crowdfunder, Wefunder and MicroVentures.

This notion of going public without

actually going public has gotten so much attention recently that a specific provision in the Jumpstart Our Business Startups (JOBS) Act, signed into law this past April, addressed it. Namely, the JOBS Act allows crowdfunding participants to raise up to $1 million annually without undertaking an initial public offering. As of this writing, however, the U.S. Securities and Exchange Commission was slowly and painstakingly establishing rules regarding this provision.

Generally, crowdfunding best suits startups and small businesses, particularly those with strong local ties or legacies. A historic movie theater or beloved neighborhood bakery, for example, is likely a prime candidate for a successful run at this type of financing. When it comes to startups, a good back story and a strong sense of purpose are needed.

And, whether the funding is for a new or existing company, growth potential has to be there.

Angel investors

The next step up from crowdfunding may be finding an angel investor. This is an individual or organization that offers equity investments, as well as loans or loan guarantees, to businesses in targeted industries. (Angel investors usually pursue industries with which they’re familiar.)

Like crowdfunding, angel investing is alive and well on the Internet.

Websites such as AngelList and larger

organizations such as the Angel Capital Association offer ready access to a wide variety of potential investors.

This approach may better suit wellestablished small to midsize businesses that want a more substantial and longterm financing arrangement than those typically found in crowdfunding initiatives. These types of companies can also generally provide the proven business plans and sophisticated financials that angels want. Some such investors, however, may seek an advisory presence in your business to mitigate risk and increase their returns.

Two of many

Before you go out looking for financing, be sure it truly will benefit your company. If financing is indeed right for you, be aware that crowdfunding and angel investors are but two of many competitors to your traditional bank’s loan offerings. Others range from the Small Business Administration, which has a wide menu of financing options, to a full-blown venture capital firm, which could demand a larger stake in your operations.

Of course, you also shouldn’t ignore or sever ties with your current lender. As indicated in the Federal Reserve’s study, it may have loosened its standards lately.

Taking on more debt in an uncertain economy may be risky. So before you hit the credit market, see if you can pass these three tests:

1. You’re turning a profit (or very close to it). This may seem counterintuitive: If we were turning a profit, we wouldn’t need the loan. But procuring credit just to keep your company afloat is definitely risky. A safer bet is to use a loan to grow an established business that already has a strong or at least stable bottom line.

2. You’ve crunched the numbers.

Ask your financial advisor to help you calculate some key ratios and to compare these with your industry’s norms. For example, your debt coverage ratio (DCR) will tell you how many dollars you have for servicing interest, principal and lease payments.

3. You have a well-defined plan for the money. Again, borrowing money just to keep it on hand could put your business underwater quickly. A loan application should be part of a larger strategic initiative to grow your company in a specific, measurable way.

This has been a general discussion of a complex subject and is not intended as advice to anyone. Consult your financial advisor about the form and source of loan that best suits your specific needs.

Norm Grill, CPA, (N.Grill@GRILL1.com) is managing partner of Grill & Partners L.L.C. (GRILL1.com), certified public accountants and advisers to closely held companies and high-net-worth individuals, with offices in Fairfield and Darien.

Contact Grill & Partners at 254-3880.

New tax rates could impact home sales, broker warns

BY JENNIFER BISSELL jbissell@westfairinc.com

T

he tax agreement reached by Congress to avert the fiscal cliff could mean significantly higher tax rates for area residents selling their homes, a Greenwich realtor warned.

Between one-third and one-half of Greenwich homeowners could be affected by an increase in the capital gains rate and a new Medicare investment tax for gains that exceed $250,000, said Mark Pruner of

Prudential Connecticut Realty.

Residents who own a home in Fairfield County that is not their primary residence could be in for a tax surprise when they go to sell, Pruner said.

Under the fiscal cliff agreement, capital gains of between $250,000 and $450,000 would be taxed at about an 18.8 percent rate, which includes a 15 percent capital gains tax and a new 3.8 percent Medicare investment tax.

Capital gains that exceed $450,000 for a couple would be taxed at a rate of

23.8 percent, Pruner said.

The bill includes a capital gains exemption of $500,000 for married couples selling their primary residence and $250,000 for individuals selling their primary residence.

“A lot of people are going to find out this is a big issue for them,” Pruner said.

“The taxes were imposed to generate income on high-net worth individuals, but the unintended consequence is that the majority of funds are going to come from people who have lived in their homes for 10, 20, 30 years.”

After paying the mortgage, capital gains tax, Medicare investment tax, Connecticut conveyance tax, real estate commissions and legal fees, Pruner said homeowners may find their net earnings from a home sale are much smaller than expected.

“The tax bracket should be decided based on your other income, not on the gain you have from your primary residence,” Pruner said. “To take 20 percent of someone’s retirement is unfair … the only way out of this is to stay in your home until you die.”

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of January 14, 2013 11

COLLEGE IS ON WINTER

BREAK PLENTY OF

PARKING

AVAILABLE

12 Week of January 14, 2013 • Fairfield County Business Journal

THURSDAY, JAN. 17 DIRECTIONS FROM UPPER NEW YORK STATE, WESTCHESTER COUNTY New York State Thruway south to Cross Westchester Expressway (Route 287).

Proceed east on Cross Westchester Expressway to Route I-95 (New England Thruway). South on Route I-95 to Exit 15 (New Rochelle-The Pelhams). Left on US1 (Main Street). Right at second light onto Weyman Avenue. Left at Elm Street (third light).

College will be five blocks on the right.

FROM NEW ENGLAND Route I-95 (Connecticut Turnpike, New England Thruway). See Directions from Upper New York State.

FROM NEW JERSEY George Washington Bridge to Cross Bronx Expressway. Follow signs for New England Thruway, Route I-95. Proceed north to Exit 15 (New Rochelle-The Pelhams).

Right on US1 (Main Street). Right at next light onto Weyman Avenue. Left at Elm Street (third light). College will be five blocks on the right.

FROM NEW YORK CITY F.D.R. Drive to Bruckner Expressway. Bruckner Expressway to Route I-95. Off at Exit 15 (New Rochelle-The Pelhams). Right on US1 (Main Street). Continue as in directions from New Jersey.

FROM LONG ISLAND Whitestone or Throgs Neck Bridge to New England Thruway (Route I-95) north to Exit 15. See New Jersey directions above.

METRO-NORTH, NEW HAVEN LINE FROM GRAND CENTRAL TERMINAL TO NEW ROCHELLE Walking to campus: Start on Bridge Street and head southeast toward Huguenot Street. Turn right at Huguenot Street and then turn left at Memorial Highway. Turn right on Main Street and then left at Centre Avenue. Turn right on Elm Street and then left at Castle Place, and The College of New Rochelle will be on your right.

URSULA LOT is accessible from Castle Place.

ANGELA & WELLNESS CENTER LOTS have the greatest parking capacity and are most easily accessible from Meadow Lane (fourth right on Elm Street from Weyman Avenue - Follow sings.)

FOLLOW SIGNS: PARKING WILL BE AVAILABLE IN URSULA, ANGELA AND WELLNESS CENTER PARKING LOTS

MAURA BALLROOM 29 CASTLE PLACE NEW ROCHELLE (914) 654-5000 www.cnr.edu

POWERFUL WOMEN COMMUNICATIONS in

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of January 14, 2013 13

A vital community resource The Center for Contemporary Printmaking is entering its 18th year, pursuing its mission to support, preserve and advance the art of the original print through programs for artists and the public. Recognized internationally as a preeminent organization in its field, the center has a series of art exhibitions, opportunities to meet artist/printmakers and more than 70 yearly printmaking workshops, all to provide area residents and visitors with in-depth and stimulating arts experiences.

Admission to the galleries is always free. In addition, the center offers benefits to the business and educational community through marketing partnerships, corporate art displays and collecting advice, volunteer opportunities and internships.

The center has been recognized three times by the Greater Norwalk Chamber of Commerce, for its contribution to the area’s economy and redevelopment.

The center is in many ways a hybrid -— part traditional nonprofit, supported by donations and grants, and part entrepreneurial endeavor. Though small in size — 5000 square feet, with a staff of six — the organization generates more than 70 percent of its annual half-million dollar budget from earned revenues from services, sales and fees, an extraordinarily high percentage by nonprofit standards.

The center is embedded in the larger economy of the arts in Fairfield County, an industry that, according to a recent study by nonprofit think-tank Americans for the Arts, in collaboration with the Cultural Alliance of Fairfield County, generates $130 million in economic activity and supports nearly 4,000 jobs annually countywide. Here at CCP (as we are familiarly known) we subscribe to the adage, “Fine art is good business and good citizenship”.

The Center is located at 299 West Ave. in Mathews Park, occupying an historic property that the organization rescued from slow disintegration and restored to harmonize with its parent structure, the Lockwood-Mathews Mansion. A second renovation, the derelict gardener’s cottage behind the main building, produced a state-of-theart print studio and one-bedroom apartment to house visiting artists.

For more, call 899-7999 or visit contemprints.org.

FCBUZZ Lebowitz brings quick wit to the Quick Center Best-selling author, journalist, and social observer Fran Lebowitz shares her dry, irreverent wit in “Metropolitan Life: An Evening with Fran Lebowitz,” at 8 p.m. Jan. 28 at Fairfield University’s Regina A. Quick Center for the Arts.

Her talk is part of the center’s signature lecture series, Open VISIONS Forum, and FCBuzz Goes Live.

Fran Lebowitz Purveyor of urban cool, witty chronicler of the ”me decade” and the cultural satirist whom many call the heir to Dorothy Parker, Fran Lebowitz remains one of the foremost advocates of the Extreme Statement. She offers insights on timely issues such as gender, race, gay rights and the media as well as her own pet peeves — including celebrity culture, tourists and strollers.

Her writing -— pointed, taut and economical -— is equally forthright, irascible, and unapologetically opinionated such as in this bit on aging: “At a certain point, the worst picture taken of you when you are 25 is better than the best picture taken of you when you’re 45,” and “What everyone says when you turn 60 is, ‘It’s better than the alternative.’ If the

‘Imagined Worlds’ at Bridgeport

Julyen Norman Executive director

The mission of the Cultural Alliance of Fairfield County is to support cultural organizations, artists and creative businesses by providing promotion, services and advocacy.

For more information, visit CulturalAllianceFC.org or email infoCulturalAllianceFC.org or call 256-2329.

For events lists, visit FCBuzz.org.

only thing worse than being 60 is death, that’s pretty bad.”

Lebowitz’s first two classic books of essays, “Metropolitan Life” and “Social Studies,” have been collected in the “Fran Lebowitz Reader.” She is also the author of the children’s book, “Mr. Chas and Lisa Sue Meet the Pandas.” She recently broke a 10-year writer’s block and is back at work on her novel, “Exterior Signs of Wealth.” Introducing Lebowitz will be Tess Brown, a graduate of the MFA’s Creative Writing program and post-graduate student in Composition Instruction. Following Lebowitz’s presentation, there will be an informal conversation and discussion with Professor Philip Eliasoph, OVF moderator, Michael C. White, program director of Fairfield University’s MFA in creative writing and author of six novels, and Brown. Single tickets are $45. Visit fairfield.edu/quick.

FCBuzz Goes Live is a program of the Cultural Alliance of Fairfield County in partnership with the Center for Contemporary Printmaking, Curtain Call, Fairfield Museum and History Center, Fairfield Theatre Company, Regina A. Quick Center for the Arts at Fairfield University, Ridgefield Arts Council, Shakespeare on the Sound, Silvermine Arts Center, Stepping Stones Museum for Children, Westport Arts Center, Westport Country Playhouse, Westport Downtown Merchants Association and the Westport Historical Society.

“Imagined Worlds” brings a slice of everyday life to Bridgeport.

“Imagined Worlds,” an exhibit through Jan. 25 at the Schelfhaudt Gallery in the Arnold Bernhard Center, University of Bridgeport, celebrates the humor and fantasy in everyday life with works by Rob Beam, Frank Iovino, kHyal, and Frank Foster Post. “Imagined Worlds” invites the viewer to consider how contemporary culture and media influence one another and how quotidian life is elevated to art.

Rob Beam started by becoming a self-taught flash animator in the late 1990s and has since worked with various digital and analogue media and other materials. Frank Iovino challenges viewers to stop and reconsider ordinary people, places and things that might otherwise might go unnoticed. Working in pastels, oil paints and colored pencils, he suffuses his canvases with brightness and light impossible to ignore. kHyal began creating black and white collages as a means to communicate while still a painfully shy child. Her circuitous career includes 20 years as a graphic designer, art director and creative director for Gap and MTV. Her work has been exhibited at numerous galleries and museums, including in the American Visionary Art Museum, New Britain Museum of American Art, the Outsider Art Fair and the Cooper Union. Frank Foster Post drew his first cartoons on napkins, and embraced the technique as an immediate way to convey visual information. He is particularly interested in how elements of a particular image are put together to create change. For more, visit bridgeport.edu.

Visit FCBuzz.org for more information on events and how to get listed.

14 Week of January 14, 2013 • Fairfield County Business Journal

Presented by: Cultural Alliance of Fairfield County

FAIRFIELD COUNTY

BUSINESS JOURNAL BUILDING PERMITS

COMMERCIAL

Bismark Construction, Milford, contractor for Bridgeport Hospital. Perform interior renovations at an existing commercial building, 267 Grant St., Bridgeport.

Estimated cost: $16,500. Filed Dec. 28.

Westrin, Robert, contractor for Sikorsky Aircraft. Perform interior renovations at an existing commercial building, 6900 Main St., Stratford. Estimated cost: $294,960. Filed Dec. 21.

323 Fairfield L.L.C. Fit-out an existing commercial building for 295 Fairfield Ave., Bridgeport.

Estimated cost: $2,000. Filed Dec. 27.

Bismark Construction, Milford, contractor for Beardsley Zoo. RESIDENTIAL Erect a precast building on slabs for commercial purposes, 1875 Noble Ave., Bridgeport. Estimated Aegis Electrical Systems L.L.C., contractor for Shirley cost: $30,000. Filed Dec. 20. and Peter Jeffrey. Perform al44 Davenport Ave L.L.C. Perterations to an existing singleform interior alterations at an existing commercial building, 44 Harrison Management Co. Per- family residence, 11 Flintlock Davenport Ave., Greenwich. Esti- form alterations to an existing Drive, Danbury. Estimated cost: mated cost: $5,000. Filed Dec. 27. commercial building, 71 Lewis $53,323. Filed Dec. 27.

St., Greenwich. Estimated cost: $100,000. Filed Dec. 28.

Ancon Group Inc., New Canaan, Berkshire Shopping Center contractor for Genesis HousL.L.C. Fit-out an existing commercial building for Ashley Fur- Hines-National Office. Perform ing Group. Construct a new niture, 67 Newtown Road, Dan- alterations to an existing com- single-family residence, 76 White bury. Estimated cost: $150,000. mercial building, 55 Railroad St., Bridgeport. Estimated cost: Filed Dec. 26.

Ave., Greenwich. Estimated cost: $150,000. Filed Dec. 26. $250,000. Filed Dec. 31.

Bismark Construction, Milford, contractor for Bridgeport Hospital. Perform interior renovations at an existing commercial building, 267 Grant St., Bridgeport. Estimated cost: $14,000. Filed Jan. 2.

Bismark Construction, Milford, contractor for Bridgeport Hospital. Perform interior renovations at an existing commercial building, 267 Grant St., Bridgeport.

Estimated cost: $32,300. Filed Dec. 28.

Items appearing in the Fairfield County Business Journal’s On The Record section are compiled from various sources, including public records made available to the media by federal, state and municipal agencies and the court system.

While every effort is made to ensure the accuracy of this information, no liability is assumed for errors or omissions. In the case of legal action, the records cited are open to public scrutiny and should be inspected before any action is taken.

Questions and comments regarding this section should be directed to: Bob Rozycki c/o Westfair Communications Inc. 3 Gannett Drive, Suite G7 White Plains, N.Y. 10604-3407 Phone: (914)694-3600 Fax: (914)694-3680

Kuchma Corp., Bridgeport, contractor for John Broad Cannon L.L.C. Perform interior renovations at an existing commercial building, 1087 Broad St., Bridgeport. Estimated cost: $9,850. Filed Dec. 24.

Ancon Group Inc., New Canaan, contractor for Genesis Housing Group. Construct a new single-family residence, 85 White St., Bridgeport. Estimated cost: $150,000. Filed Dec. 26.

Ancon Group Inc., New Canaan, contractor for Genesis Housing Longo and Associates L.L.C., Group. Construct a new singlecontractor for Danbury Sports family residence, 727 Arctic Dome L.L.C. Construct a new St., Bridgeport. Estimated cost: commercial building, Shelter $150,000. Filed Dec. 26.

Rock Lane, Danbury. Estimated cost: $477,180. Filed Dec. 20.

Barbera, Avis and Robert. Perform alterations to an existing Mulkeln, Jobiada. Repair fire single-family residence, 26 Dafdamage at an existing commer- fodil Lane, Greenwich. Estimated cial building, 564 to 566 Park cost: $15,000. Filed Dec. 27.

Ave., Bridgeport. Estimated cost: $9,300. Filed Dec. 31.

Better Way, Weston, contractor for Better Way Holding L.L.C. Nizzardo, James, contractor for Perform interior renovations at Moffitt Street L.L.C. Perform ren- an existing single-family resiovations at an existing commer- dence, 54 Keeler Ave., Bridgecial building, 30 Moffitt St., Strat- port. Estimated cost: $1,000. ford. Estimated cost: $20,000. Filed Dec. 20.

Filed Dec. 21.

Wells, Larry. Perform interior renovations at an existing singlefamily residence, 59 Freeman Ave., Stratford. Estimated cost: $22,000. Filed Dec. 21.

Cardoso, Marcos. Add a twostory addition to an existing single-family residence, 130 Ashton St., Bridgeport. Estimated cost: $30,000. Filed Jan. 2.

Cutting Edge Home Improvements, contractor for Patricia O’Neill. Perform external renovations at an existing single-family residence, 81B11 Park Ave., Unit 1106, Danbury. Estimated cost: $800. Filed Dec. 27.

Haweeli, Ellen. Perform alterations to an existing single-family residence, 11 Flower Lane, Greenwich. Estimated cost: $65,000.

Filed Dec. 31.

Hughes, Daniel, contractor for Forest City. Lay a foundation for commercial purposes, 1111 Stratford Ave., Stratford. Estimated cost: $78,000. Filed Dec. 27.

Hurwitz, Scott. Perform interior renovations at an existing singlefamily residence, 110 Bartram Ave., Bridgeport. Estimated cost: $19,000. Filed Dec. 28.

Idrobo, Luis, Stamford, contractor for Arnaw Ellezan. Perform roof maintenance to an existing single-family residence, 160 to 162 Fox St., Bridgeport. Estimated cost: $8,750. Filed Dec. 20.

Jones, Kathryn. Perform alterations to an existing single-family residence, 30 Mead Ave., Greenwich. Estimated cost: $11,900.

Filed Dec. 27.

Kopec, Wanda. Perform alterations at an existing two-family residence, 52 Sinawoy Road, Greenwich. Estimated cost: $6,500. Filed Dec. 28.

Lockshier, Michael, contractor for Robert Hermann. Re-roof an existing single-family residence, 435 Second Ave., Stratford. Estimated cost: $6,650. Filed Dec. 31.

Bue, Titian, contractor for Catherine Palardy. Perform interior alterations at a single-family residence, Pergone Road, Danbury.

Estimated cost: $65,000. Filed Marsh, Asha and Geoffrey.

Perform alterations to an existDec. 27. ing single-family residence, 97 Cognewaugh Road, Greenwich.

Estimated cost: $21,000. Filed Dec. 27.

MGM Environmental, Wallingford, contractor for Bridgeport Neighborhood Trust. Perform interior and exterior renovations at an existing single-family residence, 89 to 93 Alice St., Bridgeport. Estimated cost: $9,300. Filed Dec. 26.

Ruggeberg, Karl. Perform alterations to an existing single-family residence, 972 North St., Greenwich. Estimated cost: $9,200.

Filed Dec. 31.

Sall, Angela and Steven. Construct a new single-family residence, 9 Turner Drive, GreenMissonellie, William. Perform wich. Estimated cost: $505,000. external renovations at an existing Filed Dec. 27. single-family residence, 13 Boyce Road, Danbury. Estimated cost: Sears Home Improvement $6,000. Filed Dec. 26.

Product, Rocky Hill, contractor for Carmene and Edgard Pierre.

Palace Builders, Hamden, con- Perform external renovations at tractor for BHA. Perform inte- an existing single-family resirior renovations at an existing dence, 26 Lincoln Ave., Danbury. single-family residence, 1810 to Estimated cost: $5,022. Filed Dec. 1812 Stratford Ave., Bridgeport. 26.

Estimated cost: $18,500. Filed Dec. 26.

Shapperie, Robert. Perform alterations to an existing sinPersoons, Nancy. Perform exter- gle-family residence, 7 Clark nal renovations at an existing sin- St., Greenwich. Estimated cost: gle-family residence, 88 Bartram $450,000. Filed Dec. 28.

Ave., Bridgeport. Estimated cost: $3,850. Filed Dec. 27.

Sheehan, John, contractor for Steve Mieczkowski. Re-roof an Power Home Remodeling existing single-family residence, Group Inc., Stratford, contrac- 546 Wilcoxson Ave., Stratford. tor for Willie and Juliet Wilkins. Estimated cost: $6,000. Filed Re-roof an existing single-family Dec. 21. residence, 6 Flint Ridge Road, Danbury. Estimated cost: $8,120.

Southconn Restoration L.L.C., Filed Dec. 26.

Danbury, contractor for Mary Ann Doran. Re-roof an existing Reilly. Perform interior renova- single-family residence, 7 Prince tions at an existing single-fam- St., Danbury. Estimated cost: ily residence, 7 Hillside Court, $8,000. Filed Dec. 27.

Brookfield. Estimated cost: $3,500. Filed Dec. 24.

Toll CT III L.P., Newtown. Construct new residential units, 27 Restart Homes. Perform exter- Warrington Round, Danbury. nal renovations and alterations Estimated cost: $229,950. Filed at a commercial building, 79 to Dec. 27.

83 Highland Ave., Bridgeport.

Estimated cost: $12,000. Filed Toll CT III L.P., Newtown. ConDec. 27. struct new residential units, 29 Warrington Round, Danbury.

Ricks Roofing, contractor for Estimated cost: $185,232. Filed Fred Schnauber. Re-roof an ex- Dec. 27. isting single-family residence, 40 Yale St., Stratford. Estimated cost: Toll CT III L.P., Newtown. Con$10,140. Filed Dec. 21. struct new residential units, 31 Warrington Round, Danbury.

Riverview at Brookfield L.L.C. Estimated cost: $229,500. Filed Construct new residential units, Dec. 27.

871 Federal Road, Brookfield.

Estimated cost: $803,666. Filed Dec. 14.

THE RECORDS SECTION IS NOW AVAILABLE BY DIGITAL SUBSCRIPTION. Go to westfaironline.com/buy/records-section/ for more information and to view a sample.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of January 14, 2013 15

on the record Toll CT III L.P., Newtown. Construct new residential units, 33 Warrington Round, Danbury.

Estimated cost: $185,232. Filed Dec. 27.

Mintz Law Firm L.L.C. and David Mintz, Denver, Col. Filed by The Lawyer Group Advertising Inc., Darien. Plaintiff ’s attorney: Lori M. Dion, Fairfield. Action: The plaintiff claims the defendant has breach the contract by Valluzzo. Re-roof an existing failing to pay advertising service single-family residence, 17 Long fees, and seeks monetary damages Meadow Hill Road, Brookfield. in excess of $15,000. Filed Jan. 2.

Estimated cost: $7,950. Filed Case no. 6032420.

Dec. 21.

Danbury District Court

Fusion Sports & Entertainment L.L.C. d.b.a. Frozen Ropes, et al., Danbury. Filed by Comcast Spotlight L.L.C., Philadelphia, Pa. Plaintiff ’s attorneys: Lenore R. Chouinard and Bonnie D. Kumiega, Somers. Action: The plaintiff has brought this suit against the Palace Garage Inc. d.b.a. York defendant for breach of contract Vona Corp., Norwalk, contrac- Service Center. Filed by Santa and failure to pay for delivered tor for Debra Dean. Construct Buckley Energy Inc., Bridgeport. goods and advertising services valan accessory building, 105 Dixon Plaintiff ’s attorney: Joel Z. Green, ued at $2,474. The plaintiff claims St., Bridgeport. Estimated cost: Bridgeport. Action: The plaintiff monetary damages. Filed Jan. 2. $13,300. Filed Dec. 26. claims the defendant purchased Case no. 6011316. fuel on an open account for which Wis, Gabriela. Perform interior it has failed to pay despite demand renovations at an existing single- for payment, and seeks monetary family residence, 19 Pleasant damages in excess of $15,000. Stamford District St., Bridgeport. Estimated cost: Filed Jan. 2. Case no. 6032419.

Court $10,800. Filed Dec. 27.

The Magner Funeral Home Inc. and Delta Air Lines Inc., Boehringer Ingelheim PharNorwalk. Filed by Gennaro and maceuticals Inc., et al., RidgeCOURT CASES Nicandro Cappuccia, Agnese field. Filed by Ethel Ball, Harlan, Del Giudice, Filippa Cardone Ky. Plaintiff ’s attorneys: Steven and Albe Ben-Barka., Norwalk. J. Errante and Marisa A. BelBridgeport Plaintiff ’s attorney: Ralph J. Mo- lair, New Haven. The plaintiff naco, New London. Action: The has brought this suit against the District Court plaintiffs contracted with the defendant for over promoting defendant for the transportation Paradaxa and failing to disclose Casey, Elaine E. d.b.a. Spec- of a body to Italy, and claim that the warning that there was no way tators, West Haven. Filed by the defendant failed to obtain to reverse the anti-coagulant efConnecticut Amusement Inc., the necessary paperwork to de- fects of the medication. The plainStratford. Plaintiff ’s attorney: liver the decedent’s body to Italy, tiff claims monetary damages in John R. Bryk, Bridgeport. Ac- which resulted in additional ex- excess of $15,000. Filed Dec. 27. tion: The plaintiff alleges to have penses to the plaintiffs. The plain- Case no. 6016586. entered into a written agreement tiffs claim monetary damages in with the defendant for the de- excess of $15,000. Filed Jan. 2.

Boehringer Ingelheim Pharlivery and installation of equip- Case no. 6032416. maceuticals Inc., et al., Ridgement on the defendant’s premfield. Filed by Bobby Ottinger, ises and to share revenue. The plaintiff claims the defendant Wow Car Wash Inc., Bridge- Coppell, Texas. Plaintiff ’s athas breached the contract and port. Filed by Millenium Group torneys: Steven J. Errante and is seeking monetary damages in Management L.L.C., Stratford. Marisa A. Bellair, New Haven. excess of $15,000. Filed Dec. 27. Plaintiff ’s attorney: John R. Bryk, The plaintiff has brought this Bridgeport. Action: The plaintiff suit against the defendant for Case no. 6032322. entered into an agreement with over promoting Paradaxa and the defendant for the delivery and failing to disclose the warning Independent Pipe & Supply installation of an automatic teller that there was no way to reverse Corp., Bloomfield. Filed by Main machine, and claims the defen- the anti-coagulant effects of the Enterprises Inc., Stratford. Plain- dant has breached the agreement, medication. The plaintiff claims tiff ’s attorneys: Joseph P. Yamin, and seeks monetary damages in monetary damages. Filed Dec. 27. and Laura R. Manteghian, Water- excess of $2,500. Filed Dec. 27. Case no. 6016587. bury. Action: The plaintiff alleges Case no. 6032336. it entered into an agreement with Boehringer Ingelheim Pharthe defendant to complete certain work at Quinnipiac University in Yale New Haven Health Ser- maceuticals Inc., et al., RidgeHamden. The defendant alleg- vices Corp. d.b.a. Bridgeport field. Filed by Daniel Walker, edly supplied defective piping, Hospital, New Haven. Filed by Coarsegold, Calif. Plaintiff ’s atwhich resulted in damages to the Dominic and Michael Costello, torneys: Steven J. Errante and property. The plaintiff claims the Stratford. Plaintiff ’s attorney: Marisa A. Bellair, New Haven. defendant breached the contract Gary A. Mastronardi, Bridgeport. Action: The plaintiff has brought and a warranty of merchandise, Action: The plaintiffs brought this this suit against the defendant and seeks monetary damages in suit against the defendant as a re- for over promoting Paradaxa excess of $15,000. Filed Dec. 28. sult of their mother’s lost property and failing to disclose a warning while in the care of the defendant. that there was no way to reverse Case no. 6032338.

The plaintiffs claim the defen- the anti-coagulent effects of the dant has been negligent and as a medication. The plaintiff claims result inflicted emotional distress monetary damages. Filed Dec. 27. upon plaintiffs. Filed Dec. 27. Case no. 6016588.

Case no. 6032324.

16 Week of January 14, 2013 • Fairfield County Business Journal

Costco Wholesale Corp., Norwalk. Filed by Eugenia Wicker, Plaintiff ’s attorney: Richard L. Grant, Stamford. Action: The plaintiff alleges to have received an incorrect prescription, which caused her further medical complications. The plaintiff claims monetary damages in excess of $15,000. Filed Dec. 27.

Case no. 6016592.

Elderhouse Inc., Norwalk. Filed by the estate of Belarmina Duran, Norwalk. Plaintiff ’s attorneys: William M. Davoren and Adam J. Blank, Stamford. Action: The plaintiff alleges that the defendant and its agents had failed to provide the plaintiff, an elderly woman diagnosed with Alzheimer’s disease, with adequate care. The plaintiff sustained a personal injury while in the care of the defendant, and claims monetary damages in excess of $15,000. Filed Jan. 2.

Case no. 6016637.

Reilly Builders L.L.C., et al., Darien. Filed by Ellen and William Vanherwarde, Killington, Vt. Plaintiff ’s attorney: G. Andall Avery, Darien. Action: The plaintiff has brought suit against the defendant for a breach of agreement to pay future considerations upon sale of the premises in question.

The plaintiffs claim monetary damages for $100,000. Filed Jan. 2.

Case no. 6016634.

Wall Works USA Inc., Annapolis, Md., and T-C Newbury Common L.L.C., New York City.

Filed by Franstel of Ct L.L.C. and FJS Enterprises Ltd., Stamford.

Plaintiff ’s attorney: Scott S. Orenstein, Middletown. Action: The plaintiff brought this suit against the defendants with whom it had entered into subcontracts to perform work on a prime contract.

The defendants allegedly failed to pay for services rendered despite demand for payment. The plaintiff claims monetary damages as a result of a breach of contract and wrongful termination of contract in excess of $15,000. Filed Dec. 26.

Case no. 6016584.

Health Information Technology Exchange of Connecticut, East Hartford. Filed by Axway Inc., Phoenix, Ariz. Plaintiff ’s attorney: Steven D. Ecker, Hartford.

Action: The plaintiff has brought this suit against the defendant due to a breach of contract arising as a result of the defendant’s failure to pay for services rendered. The plaintiff claims monetary damages. Filed Jan. 2.

Case no. 13cv00008.

Jet ICU Leasing Inc., Ozona, Fla. Filed by Webster Capital Finance Inc., Farmington. Plaintiff ’s attorney: Howard K. Levine, New Haven. Action: The plaintiff has brought this suit against the defendant due to a contractual dispute regarding the purchase of an aircraft and claims a breach of contract and a breach of guaranty. The plaintiff claims monetary damages. Filed Jan. 3.

Case no. 13cv00014.

1963 Stratford Ave L.L.C., Bridgeport. Seller: SCS Realty Corp., Hempstead, N.Y. Property: 1963 Stratford Ave., Bridgeport.

Amount: $430,000. Filed Dec. 31.

908-B Burr Street L.L.C., Monroe. Seller: Karen W. Breitbart, Fairfield. Property: 908-B Burr St., Fairfield. Amount: $540,000.

Filed Dec. 21.

Benchmark Trading Ltd., Bridgeport. Seller: Lynne S. Dodick, Weston. Property: 2600 Park Ave., Unit 5-E, Bridgeport.

Amount: $55,000. Filed Dec. 31.

BII Builders L.L.C., Oxford.

Seller: Round Hill Road Associates L.L.C., Shelton. Property: 960 Mill Hill Terrace, Fairfield.

Amount: $450,000. Filed Dec. 31.

C C ) IV Sterling L.L.C., Westport. Seller: Joan Frazier Webb, Westport. Property: 24 Sterling Napoli Motors Inc., et al., Mil- Drive, Westport. Amount: $1.3 ford. Filed by Mevludi Etemi, million. Filed Dec. 27.

Naugatuck. Plaintiff ’s attorney: Rose Kallor, Hartford. Action: The plaintiff has brought this Europa Properties L.L.C., Dansuit against the defendant to bury. Seller: Binh Bo, San Direcover damages as a result of ego, Calif. Property: 19 Somers job discrimination and wrong- St., Unit B3, Danbury. Amount: ful termination. The plaintiff $146,000. Filed Dec. 17. claims a trial by jury. Filed Jan. 2.

Case no. 13cv00002.

Habitat for Humanity of Coastal Fairfield County Inc., BridgeTower Three Partners L.L.C. port. Seller: Cynthia P. Martinez and Tower Three Partners and Xavier Otero, Bridgeport.

Fund I GP L.P., Greenwich. Property: 204 Wells St., BridgeFiled by Craig Sakin, state of port. Amount: $113,500. Filed Colorado. Plaintiff ’s attorney: Jan. 2.

Liam S. Burke, Stamford. Action: The plaintiff alleges to have entered into a contract with the JCR Fairfield L.L.C., Sharon, defendant in which he was to be Mass. Seller: Joseph Rothman compensated for a buyout. The White Birch Plaza L.L.C., Pomdefendant failed to compen- pano Beach, Fla. Property: 2452 sate the plaintiff. The plaintiff Black Rock Turnpike, Fairfield. claims an award for damages Amount: $2.3 million. Filed and a trial by jury. Filed Dec. 31. Dec. 28.

Case no. 12cv1822.

JNJ 2475 L.L.C., Fairfield. Seller: JCR Fairfield L.L.C., Sharon, Mass. Property: 2452 to 2490 DEEDS Black Rock Turnpike, Fairfield.

Amount: $511,060. Filed Dec. 28.

COMMERCIAL

109 North Street L.L.C., DanSUPERIOR COURT bury. Seller: Richard S. Jowdy, Danbury. Property: Map 6773, Excel Direct Inc., W. Haven. Danbury. Amount: $565,000.

Filed by Luis R. Brockenberry, Filed Dec. 18.

Milford. Plaintiff ’s attorney: Eugene N. Axelrod, Woodbridge.

Action: The plaintiff has brought 177 Main L.L.C., Tempe, Ariz. this suit against the defendant to Seller: 177 Main Street Associrecover damages from job dis- ates L.L.C., Minneapolis, Minn. crimination based on his race and Property: 177 Main St., Westcolor. The plaintiff claims mone- port. Amount: $4.2 million. Filed tary damages. Filed Dec. 31. Case Dec. 27. no. 12cv1521.

Linx C&A Enterprises L.L.C., Sandy Hook. Seller: HSBC Bank U.S.A. N.A., Jacksonville, Fla. Property: Atlantic St., Unit 209, Bridgeport. Amount: $48,500.

Filed Jan. 2.

Love Where You Live Homes L.L.C., Trumbull. Seller: Jacalyn F. and James J. Beagon, Fairfield.

Property: 86 Eunice Ave., Fairfield. Amount: $550,000. Filed Dec. 26.

on the record Credits, Clients and Awards Paul Miller, president and CEO of Miller Nissan in Fairfield, was recently recognized as this year’s Tribute Journal honoree at The Kennedy Center’s 48th annual Four Seasons Ball, for his generous support of the community and Kennedy Center. The event, held at the Patterson Club in Fairfield, raised more than $97,000 for The Kennedy Center’s residential services for people with disabilities.

Carolyn M. Macica, of Woodbridge, was recently appointed to the founding faculty of the Frank H. Netter MD School of Medicine at Quinnipiac University. As an assistant professor of medical sciences, Macica will teach courses in pharmacology and physiology at the medical school scheduled to open in the fall of 2013. Previously, she was an assistant professor in the Division of Endocrinology at the Yale School of Medicine’s Department of internal medicine. Macica has a doctorate and master’s degree in pharmacology from New York Medical College in Valhalla, N.Y.

On the Go: Business, Etc. SATURDAY, MARCH 2 Effective Business Writing Workshop: 9 a.m. to 1 p.m., Westport Writers’ Workshop, 3 Sylvan Road South, Westport. $495, pre-registration required. For information, visit westportwritersworkshop.com, email info@westportwritersworkshop.com or call 227-3250.

Snapshot Ten staff members at Reynolds & Rowella L.L.P., an accounting firm with offices in Ridgefield and New Canaan, raised $7,675 in November in support of men’s health, specifically to address prostate cancer and other cancers that affect men. Through a movement known as Movember, men agree to grow moustaches for the month of November each year, become talking billboards for men’s health issues and are encouraged to raise funds through sponsorships. Founded in 2006, the movement is active in 14 countries worldwide. Movember is reported to have raised more than $113 million worldwide for men’s health.

Martin D. Schwartz, left, president and CEO, The Kennedy Center, congratulates Paul Miller, president and CEO of Miller Nissan in Fairfield.

Sacred Heart University was recently named one of the country’s 294 Colleges of Distinction, which is a college guide looking for schools that give students the best opportunity to learn, grow and succeed. The four distinctive characteristics of the selected schools are engaged students, great teaching, vibrant community and successful outcomes.

Newsmakers QUINNIPIAC UNIVERSITY recently announced the following appointments: Robert Joven, of North Haven, was recently appointed associate director for public services at the Health Sciences Library on Quinnipiac University’s North Haven campus. Joven is responsible for working with faculty and students in the Frank H. Netter MD School of Medicine, the School of Health Sciences and the School of Nursing to provide curriculum support and training on the numerous educational resources available to them. Previously, Joven was an information services librarian at the University of Connecticut Health Center. Before that, Managing partner Frank A. Rowella Jr., left, and partner Ben Maini of Reynolds & Rowella. he worked at the New York University School of Medicine. Joven has a master’s degree in library science from Long Island UniverInformation for these features has been submitted by the subjects or their delegates. sity and a bachelor’s degree in biology from Southern Connecticut State University.

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FAIRFIELD COUNTY BUSINESS JOURNAL • Week of January 14, 2013 17

on the record Maplewood at Stony Hill L.L.C., RESIDENTIAL Westport. Seller: Tony’s Restaurant Inc., Bethel. Property: 46 Stony Hill Road, Bethel. Amount: Autera, Paul A., Tuckahoe, N.Y. Seller: Stanley Maucewicz, Fair$1.9 million. Filed Dec. 28. field. Property: 167 Crane St., Fairfield. Amount: $240,000.

MBD Realty L.L.C., Hyde Park, Filed Dec. 26.

N.Y. Seller: R&J Partners L.L.C., Sherman. Property: 87 Beaver Brook Road, Danbury. Amount: Baeky, Pamela I. and Gregory D., Fairfield. Seller: Joanne G. $700,000. Filed Dec. 17. and Thomas C. Janson Jr., Fairfield. Property: The Ridge, FairPierkaski Investments L.L.C., field. Amount: $1.7 million. Filed Seller: Janice D. and Demitri Dec. 26.

F. Papolos, Property: 16 Burr Farms Road, Westport. Amount: Bai, Mei Wu, Wilton. Seller: Su$925,000. Filed Dec. 28. san Anne and Thomas James Wilson, Bethel. Property: 72 Portland S A J Ventures L.L.C. Seller: Ave., Redding. Amount: $150,000.

Margaret M. Radigan, Prop- Filed Dec. 27. erty: 6 Cardinal Lane, Westport.

Amount: $720,000. Filed Dec. 28.

Benedetto, Earl B., Bridgeport.

Seller: Federal National Mortgage Sand Dollar Development Association, Washington, D.C. L.L.C., Fairfield. Seller: Anna and Property: 33 Boston Terrace, Unit Robert J. Adams, Fairfield. Prop- 13, Bridgeport. Amount: $60,000. erty: 500 Rowland Road, Fairfield. Filed Jan. 2.

Amount: $435,000. Filed Dec. 20.

Special Properties XII L.L.C., New Canaan. Seller: Joel S. and Peter S. Bulkley, Chapel Hill, N.C. Property: 22 Mill Hill Terrace, Fairfield. Amount: $3.7 million.

Filed Dec. 19.

Stratford Office Realty L.L.C., Orange. Seller: Barbara C. Rumore, Stratford. Property: 27 First Ave., Stratford. Amount: $600,000. Filed Dec. 27.

Three Dog Walk L.L.C., Wilmington, Del. Seller: Pierkaski Investments L.L.C., Fairfield.

Property: 34 Harbor Road, Westport. Amount: $2.3 million.

Filed Dec. 21.

QUIT CLAIM Center Estates L.L.C., Brooklyn, N.Y. Seller: ATFH Real Property L.L.C., Jupiter, Fla. Property: 356 Center St., Bridgeport. Amount: $55,000. Filed Dec. 31.

Colon, Heberto, Bridgeport.

Seller: Retained Realty Inc., New York City. Property: 118 Edwards St., Bridgeport. Amount: $60,000.

Filed Jan. 2.

Hackenburg, Sherry and Stephen, Ridgefield. Seller: Annabelle Provey aka Annabelle Glaser, Ridgefield. Property: 312 Rippowam Road, Ridgefield.

Amount: $1.04 million. Filed Dec. 20.

Chalil, Dr. Joseph M., Brookfield. Seller: Deutsche Bank Trust Co. Americas, New York City.

Property: 9 Nature Lane, Brookfield. Amount: $456,500. Filed Dec. 19.

Fabre, Serge, Bridgeport. Seller: New England Home Development L.L.C., Bridgeport. Property: 331 to 335 Poplar St., Bridgeport. Amount: $230,000. Filed Dec. 31.

Charnin, Carolyn R. and Richard A., Copake, N.Y. Seller: Andronica A. Kressu, Stratford.

Property: 594B Sioux Lane, Stratford. Amount: $186,000. Filed Dec. 28.

Ferguson, Loretta J., Danbury. Seller: Louis A. Bellofatto, Danbury. Property: 65 Aunt Hack Road, Danbury. Amount: $359,000. Filed Dec. 18.

Chen, Hsueh Ling and Chao Lu, Bridgeport. Seller: MAB Partners.

Property: 376 to 378 Ellsworth St., Bridgeport. Amount: $242,000.

Filed Dec. 31.

Chupka, Pamela, Southbury and Ronald A. Back, Wappingers Falls, N.Y. Seller: Leah Pilla, Ridgefield. Property: 78 Saint Johns Road, Ridgefield. Amount: $1.5 million. Filed Dec. 21.

Chuvala, Ruth E. and Robert S., Danbury. Seller: Lynne AnBento, Nancy and Mark; and derson, Danbury. Property: 5 JefSusan L. and Robert P. Melcher, ferson Ave., Danbury. Amount: West Haven. Seller: Allen W. Pri- $215,000. Filed Dec. 17. or, Trumbull. Property: 305 Misty Wood Lane, Fairfield. Amount: Criscualo, Lorraine and Vin$457,500. Filed Dec. 20. cent, Brookfield. Seller: Cirmin Development L.L.C., Bayville, Berges, Patrick A., Switzerland. N.Y. Property: 3 Oak Meadow Seller: Thamara and Franz Kett, Drive, Brookfield. Amount: Avendale, Pa. Property: 150 Park- $259,900. Filed Dec. 17. wood Road, Fairfield. Amount: $1.2 million. Filed Dec. 21.

DaSilva, Cerza A., Bridgeport. Seller: Richard Anglin, Beurket, William, Ridgefield. Bridgeport. Property: 1943 to Seller: Real Estate Holdings 1949 Seaview Ave., Bridgeport.

L.L.C., Ridgefield. Property: Amount: $35,500. Filed Jan. 2.

104 Nod Hill Road, Ridgefield.

Amount: $2.8 million. Filed DeOliveira, Wagner, Trumbull.

Dec. 19.

Seller: Rariete Maria DaSilva and Claudine DaSilva, Palm Beach Bova, Kyle, Robert P. and Ryan, Garden, Fla. Property: 424 to 426 Stratford. Seller: Deutsche Bank Summit St., Bridgeport. Amount: Trust Co. Americas, New York $125,000. Filed Jan. 2.

City. Property: 163 Otis St., Unit D, Stratford. Amount: $115,000.

Dimbo, Dishone R., Stratford.

Filed Dec. 31.

Seller: Susan A. Stamper, Stratford. Property: 110 White St., Casale, Andrea L. and Paul Stratford. Amount: $137,000.

John, Fairfield. Seller: Jenni- Filed Dec. 28. fer Lee and Charles T. E. Jones, Southport. Property: 74 Westford Drive, Fairfield. Amount: Domingos, Ana Paula and Orlanda, Danbury. Seller: U.S Bank $495,000. Filed Dec. 18.

N.A., trustee, Salt Lake City, Utah.

Property: 8 Parker St., Unit E5, Cavalea, Lisa M. and Frank M., Danbury. Amount: $102,000.

Ridgefield. Seller: Jane A. and Filed Dec. 18.

James D. Stone, Massapequa, N.Y. Property: 60 S. Lake Shore Drive, Brookfield. Amount: $700,000. Esteves, Valdemara Jr., Bridgeport. Seller: Deutsche Bank NaFiled Dec. 26. tional Trust, trustee, Los Angeles, Calif., Bridgeport. Amount: $58,000. Filed Jan. 2.

18 Week of January 14, 2013 • Fairfield County Business Journal

Ferrone, James P. II, Westport.

Seller: James P. Ferrone, Hope Sound, Fla. Property: 12 Newtown Road, Westport. Amount: $1 million. Filed Dec. 27.

Forte, Bruno, Bridgeport. Seller: Federal National Mortgage Association, Washington, D.C. Property: 1397 to 1399 North Ave., Bridgeport. Amount: $100,500.

Filed Dec. 31.

Gaines, Julie, Westport. Seller: Michele Knapp, Westport. Property: 51 Maple Avenue North, Westport. Amount: $1.6 million.

Filed Dec. 26.

Ganim, Paul, Bridgeport. Seller: U.S. Bank N.A., trustee, Salt Lake City, Utah. Property: 3250 Madison Ave., Bridgeport. Amount: $80,000. Filed Jan. 2.

Kalomenidis, Sophie and Miltiadis, Fairfield. Seller: Stefania Rattotti, Fairfield. Property: 329 Berkeley Road, Fairfield. Amount: $439,000. Filed Dec. 21.

Kelley, Rachel and Matthew T., Alexandria, Va. Seller: Sharon Lauer and Jerome S. Joseph, Fairfield. Property: 14 Valley Lane, Fairfield. Amount: $430,000.

Filed Dec. 26.

Kelly, Linda P. and R. Martin, Trumbull. Seller: Christina and Ralph McEldowney, Fairfield.

Property: 496 Riverside Drive, Fairfield. Amount: $730,000.

Filed Dec. 28.

Lee, Vincent Y., Winchester, Mass. Seller: Colleen A. and Stephen A. Ruiz; and Kathleen and Joseph Gartland, Bethel. Property: 34A Pandanaram Road, Unit 313, Danbury. Amount: $85,000.

Filed Dec. 18.

Malpardita, Marlene, Bridgeport. Seller: Jennifer and Christopher Deloge, Bridgeport. Property: 840 Ruth St., Bridgeport.

Amount: $172,000. Filed Jan. 2.

Markind, Diane Kruzansky, Danbury; Jane Miller, Danbury; and Kenneth Kruzansky, Brookfield. Seller: Sara Kruzansky, Danbury. Property: 2 Crest Road, Danbury. Amount: $335,000.

Filed Dec. 17.

Kirk, Eleanor L., Ridgefield.

Seller: 91 Silver Spring Road L.L.C., Easton. Property: 91 Silver McLernon, Aine, Ossining, Spring Road, Ridgefield. Amount: N.Y. Seller: Jennifer F. and Richard J. Zook, Danbury. Property: $585,000. Filed Dec. 27.

21 Cambridge Drive, Danbury.

Amount: $365,000. Filed Dec. 18.

Kligerman, Bard, Westport. Seller: Todd V. Ozanian, Bridgeport.

Property: 3250 Fairfield Ave., Mehta, Asha and Mohan L., New Bridgeport. Amount: $134,000. Fairfield. Seller: Ben G. Singley L.P., Danbury. Property: 27 Mill Filed Dec. 31.

Plain Road, Unit 3, Danbury.

Amount: $205,000. Filed Dec. 17.

Kressu, Andronica A., Cheshire.

Seller: Christy Jann Ryan, Stratford; Corinee M. and Terrance Mitton, Harry, Waterbury. SellD. Jann, Westford, Mass.; and er: 568 Queen St. L.L.C., BridgeMichael L. Jann, Westlake Vil- port. Property: 568 Queen St., lage, Calif. Property: 235B Box- Bridgeport. Amount: $80,000. elder Lane, Stratford. Amount: Filed Jan. 2. $175,000. Filed Dec. 28.

Gaudet, Leon J., Fairfield. Seller: Michael Sullivan, Fairfield.

Property: 466 High St., Fairfield.

Amount: $300,000. Filed Dec. 21. Kunick, Elizabeth M., Danbury.

Seller: John Wasiczko, Bethel.

Property: 15 Vail Road, Bethel.

Geraghty, Joan A. and Sean Amount: $220,000. Filed Dec. 26.

M., Ridgefield. Seller: Jennifer B. Rubin and Jamees A. Ninvaggi, Ridgefield. Property: 84 Re- Larosa, Andrea and John R., vere Drive, Ridgefield. Amount: Danbury. Seller: Judith A. R. and $785,000. Filed Dec. 18.

Elliott R. Carpenter, New Orleans, La. Property: 25 Heritage Drive, Danbury. Amount: $475,000.

Graf, Anat, Fairfield. Seller: Kim Filed Dec. 18.

Cabral, Fairfield. Property: 100 Prince St., Fairfield. Amount: $275,000. Filed Dec. 18.

Lauer, Barbara A. and Christopher H., Danbury. Seller: Jeanne M. Vura, Danbury. Property: 10 Hoegler, Therese, Bethel. Seller: Caldwell Terrace, Unit 2602, DanFederal Home Loan Mortgage bury. Amount: $319,000. Filed Corp., McLean, Va. Property: 14 Dec. 18.

Budd Drive, Bethel. Amount: $250,000. Filed Dec. 28.

Layman, Marjorie J. and James W., Brookfield. Seller: Dietter Holland, Lindsey L. and Daniel Properties L.L.C., Brookfield.

M., Fairfield. Seller: Lois Booth, Property: Unit 12 C, Brookfield.

Fairfield. Property: 100 Flower Amount: $122,000. Filed Dec. 21.

House Drive, Fairfield. Amount: $698,500. Filed Dec. 28.

Lazzara, Angela M.; Teresa, Gary A. and Lance, BrookHuminski, Ann, Bethel. Seller: field. Seller: Kathryn and Jeffrey Hobart Thomas Co. Inc., Bethel. Patchen, Brookfield. Property: 10 Property: 3 Seeley St., Bethel. Ox Drive, Brookfield. Amount: Amount: $160,000. Filed Dec. 28. $333,000. Filed Dec. 21.

Molinari, Ronni M. and Giole M., Westport. Seller: Jennifer Graffam Wink and Christopeher Wink, New York City. Property: 7 Plunkett Place, Westport.

Amount: $4.05 million. Filed Dec. 21.

Neary, Sandra and Canice M., Vernon Hills, Ill. Seller: Isabel M. and Robert E. Maloney, Bethel.

Property: 42 Shelley Road, Bethel.

Amount: $425,000. Filed Dec. 28.

Niemeyer, Hera A. and Daniel S., Norcross, Ga. Seller: Lucile L. and Guy W. Moore Jr., Ridgefield. Property: 73 Nursery Road, Ridgefield. Amount: $1.1 million.

Filed Dec. 14.

Parker, Amanda J. and Gregory S., Westport. Seller: John J. Mlynski, Westport. Property: 8 Patrick Lane, Westport. Amount: $1.6 million. Filed Dec. 26.

Parrish, Paul, Stamford. Seller: Marianna Zadrozny, Bridgeport.

Property: 81 White St., Bridgeport. Amount: $160,000. Filed Jan. 2.

on the record Patkovic, Rialda and Simbad, Stratford. Seller: Brian and Harold Stewart, Stratford. Property: 140 Gem St., Stratford. Amount: $165,000. Filed Dec. 28.

Tallman, Peter Cole, Fairfield. Seller: Eleanor M. Lobdell, Fairfield. Property: 3628 Redding Road, Fairfield. Amount: $300,000. Filed Dec. 21.

Winter, Scott A. Jr., Norwalk.

Seller: Marlitz L.L.C., Bridgeport. Property: 31 Mencel Circle, Unit 255, Bridgeport. Amount: $56,000. Filed Dec. 31.

Perkins, Allison H. and Richard D. Jr., Milford. Seller: Patricia E. and Daniel Romanello, West Stockbridge, Mass. Property: 171 Whiting Pond Road, Fairfield.

Amount: $770,000. Filed Dec. 21.

Tan, Christopher J., New York City. Seller: Danielle M. Dilliber and William Connell Jr., Danbury. Property: 1 E. Hayestown Road, Unit 11, Danbury. Amount: $200,000. Filed Dec. 18.

Yulo, Rachel Y. and William S., Ridgefield. Seller: Arline H. McCullen, Stonington and Robert M. Hartling, Virginia Beach, Va. Property: 240 Mamanosco Road, Ridgefield. Amount: $165,000.

Filed Dec. 20.

Petrow, Erica M. and Ronald N. Frangi, Fairfield. Seller: Olga and Stanley Petrow Jr., Fairfield. Property: 155 Winoca Road, Fairfield.

Amount: $500,000. Filed Dec. 31.

Teixeira, Ilidio, Trumbull. Seller: 51 Sound Apartments L.L.C., Trumbull. Property: 30 Eckart St., Bridgeport. Amount: $210,000.

Filed Jan. 2.

Roche, Jennifer L., Danbury.

Seller: Jeanette and Frank A. Cannover, Newtown; Dorothy and Charles J. Tinto, Ellsworth, Maine, and Kathleen S. and Dominick Mariani, Tavares, Fla. Property: 134 Deer Hill Ave., Unit 17, Danbury. Amount: $94,000. Filed Dec. 17.

Tobin, Catherine M. and William J., Brookfield. Seller: Peter Norelli, Brookfield. Property: Ziko, Arian, Shelton. Seller: 37 Christian Lane, Brookfield. Deutsche Bank National Trust, Amount: $605,000. Filed Dec. 26. trustee, Los Angeles, Calif., 767 to 769 Capital Ave., Bridgeport.

Amount: $140,000. Filed Dec. 31.

Tung, David L, Nashua, N.H. and Steve L. Tung, Westport. Seller: Astoria Federal Savings and Loan Association, Long Island City, N.Y. Property: 355 MistyFORECLOSURES wood Lane, Fairfield. Amount: $440,000. Filed Dec. 26.

Adler, Renata and Erna, trustee. Creditor: Merson Pond Inc., Vannucci, Sara B. and Michael Danbury. Property: Parcel X, J., Bridgeport. Seller: Siobhan Map 11009, Danbury. Judgment M. and Eric P. Lane, Brookfield. of foreclosure has passed. Filed Property: 19 Obtuse Rocks Road, Dec. 19.

Brookfield. Amount: $407,000.

Filed Dec. 14.

Arteaga, Joe M., et al. Creditor: Bank of America N.A., Plano, Velez, Amanda and Bianca Texas. Property: 55 Red Oak Natasha, Stratford. Seller: Wil- Road, Bridgeport. Judgment of liam Green, Stratford. Property: foreclosure has passed. Filed 748 Wilcoxson Ave., Stratford. Dec. 31.

Amount: $207,000. Filed Dec. 31.

Rodrigues, Sofia R., Danbury.

Seller: Linda Sung and Phuang Tran, Danbury. Property: 151 Shelter Rock Road, Unit 62, Danbury. Amount: $151,000. Filed Dec. 13.

Sanchez, Marvin, Stratford. Seller: Susan Bento, Stratford. Property: 311 Weber St., Stratford.

Amount: $227,000. Filed Dec. 28.

Sanchez, Marvin, Stratford.

Seller: Susan Bento, Bridgeport.

Property: 311 Weber St., Bridgeport. Amount: $227,000. Filed Dec. 31.

Villanova, Stephanie and RobShapiro, David B., Fairfield. ert, Bethel. Seller: Clarendon Seller: Robert G. Sorrentino Jr., Properties L.L.C., New Milford.

Bridgeport. Property: 251 to Property: 23 Oak Ridge Road, 253 Garden Drive, Bridgeport. Bethel. Amount: $329,900. Filed Amount: $142,000. Filed Jan. 2.

Dec. 28.

Zhu, Guihua and Earl Hedin, Norwalk. Seller: Magda Oliveira, Danbury. Property: 166 Old Brookfield Road, Unit 33-2, Danbury. Amount: $155,000. Filed Dec. 18.

ATHF Real Estate Property L.L.C. Creditor: American Tax Funding L.L.C., Jupiter, Fla. Property: 70 Clinton Ave., Bridgeport.

Tax liens. Filed Jan. 2.

Casas, Tina and Leopoldo; and Lacavalla, Rhondy and Carl.

Shiff, Carol S. and Alan H. W., Weeks, Bevin P. and Kenneth E. Creditor: Deutsche Bank NaSouthport. Seller: Joseph E. Flores Baker, Madison. Seller: Spa Inc., tional Trust, trustee, Los Angeles, Demeneses, Fairfield. Property: Fairfield. Property: 475 Lock- Calif. Property: 27 Hulls Highway, 645 Hill Farm Road, Fairfield. wood Road, Fairfield. Amount: Fairfield. Judgment of foreclosure Amount: $875,000. Filed Dec. 24. $890,000. Filed Dec. 18. has passed. Filed Dec. 20.

Soares, Kristin, Danbury. Seller: William D. Hoyt Estate, Danbury.

Property: 5 Darrell Road, Danbury. Amount: $250,000. Filed Dec. 18.

Wetzel, Alexandria F. and Jeffrey, Los Angeles, Calif. Seller: Tricia and Craig Augone, Ridgefield. Property: 23 Pin Pack Road, Ridgefield. Amount: $1.5 million.

Filed Dec. 14.

Leiva, Jaime A. and Rosa V., et al. Creditor: Wells Fargo Bank N.A., Frederick, Md. Property: 51 to 53 Porter St., Bridgeport. Judgment of foreclosure has passed.

Filed Dec. 31.

Letona, Eda, et al. Creditor: BAC Home Loans Servicing L.P., Fort JUDGMENTS Worth, Texas. Property: 1397 to 1399 North Ave., Bridgeport.

Judgment of foreclosure has Aguiar, Sandra, Danbury. $3,143.15, in favor of Midland passed. Filed Dec. 31.

Funding L.L.C., San Diego, Calif.,

by Stephen A. Wiener, East HartMetwally, Abdel H., et al. Credi- ford. Property: 12 Locust Ave., tor: Bank of America N.A., Plano, Apt. 2, Danbury. Filed Dec. 17.

Texas. Property: 704 and 720 Clinton Ave., Bridgeport. Judgment of foreclosure has passed. Bartley, Sandra, Stratford. $1,335.69, in favor of Capital One Filed Dec. 31.

N.A., Richmond Va., by Stephen A. Wiener, East Hartford. PropMorrone, Christine and Ge- erty: 229 Bruce Ave., Stratford. rard. Creditor: Wells Fargo Bank Filed Dec. 31.

N.A., Frederick, Md. Property: 13 Belmont St., Danbury. Judgment of foreclosure has passed. Filed Caramanica, Richard J., Stratford. $15,624.93, in favor of CapiDec. 19. tal One N.A., Glen Allen, Va., by Stephen A. Wiener, East Hartford.

Nielsen, Virginia M., et al. Cred- Property: 15 Vine St., Stratford. itor: OneWest Bank F.S.B., Pasa- Filed Dec. 31. dena, Calif. Property: 1 Windway Road, Bethel. Judgment of foreclosure has passed. Filed Dec. 27. Condaugh, Grant K., Fairfield. $3,089.99, in favor of Capital One N.A., Richmond Va., by Stephen Pearce, Donald, et al. Creditor: A. Wiener, East Hartford. PropPNC Bank N.A., Louisville, Ky. erty: 76 New England Ave., FairProperty: 113 to 117 Washington field. Filed Dec. 31.

Terrace, Bridgeport. Judgment of foreclosure has passed. Filed Cox, Melissa B., Bridgeport.

Dec. 31. $800.73, in favor of Capital One N.A., Richmond Va., by Stephen Segarra, Raphael, et al. Credi- A. Wiener, East Hartford. Propertor: Deutsche Bank National ty: 271 Houston Ave., Bridgeport.

Trust, trustee, Los Angeles, Calif. Filed Jan. 2.

Property: 70 Dewhirst St., Bridgeport. Judgment of foreclosure has Cyr, Gerald, Brookfield. passed. Filed Jan. 2. $1,744.72, in favor of Danbury Hospital, Bethel, by Stephen A. Siano, Roberto G. Creditor: Wiener, East Hartford. Property: Countrywide Home Loans Ser- 35 Sunset Hill Road, Brookfield. vicing L.P., Dallas, Texas. Prop- Filed Dec. 17. erty: 624 Thorne St., Bridgeport.

Judgment of foreclosure has Dandrea, Donald, Fairfield. passed. Filed Dec. 31. $3,068.55, in favor of Titan Electric Co. L.L.C., Stamford. PropSuazo, Jose, et al. Creditor: erty: 180 Palamar Drive, Fairfield.

OneWest Bank F.S.B., Pasadena, Filed Dec. 24.

Calif. Property: 1618 North Ave., Bridgeport. Judgment of forecloDecampos, Carlos L., Bridgesure has passed. Filed Dec. 31. port. $2,032.80, in favor of Citibank N.A., Sioux Falls, S.D., by Vasale, Elizabeth and Marc J. Stephen A. Wiener, East Hartford.

Creditor: PNC Bank N.A., Lou- Property: 60 Clinton Ave., Bridgeisville, Ky. Property: 10 Grace port. Filed Jan. 2.

Court, Bethel. Judgment of foreclosure has passed. Filed Dec. 27.

Derosier, Rose Lyronne, Fairfield. $4,797.51, in favor of Bridgeport Hospital, New Haven,

by Nair & Levin P.C., Bloomfield.

Property: 892 Stillson Road, Fairfield. Filed Dec. 26.

Diaz, William A., Bridgeport. $1,755.74, in favor of Capital One N.A., Richmond Va., by Stephen A. Wiener, East Hartford. Property: 329 Maplewood Ave., Bridgeport. Filed Jan. 2.

Drukker, Jolene, Ridgefield. $1,517.71, in favor of Ridgefield Diagnostics, Danbury, by Robert L. Peat. Property: 73 Aspen Ledges Road, Ridgefield. Filed Dec. 21.

Eberhardt, Harold F., Ridgefield. $3,200, in favor of Danbury Hospital, Bethel, by Stephen A. Wiener, East Hartford. Property: 96 Soundview Road, Ridgefield.

Filed Dec. 26.

Foreman, Mark, Fairfield. $1,272.70, in favor of Bridgeport Hospital, New Haven, by Nair & Levin P.C., Bloomfield. Property: 4570 Black Rock Turnpike, Fairfield. Filed Dec. 26.

Gallagher, William C., Stratford. $699.58, in favor of Capital One N.A., Richmond Va., by Russell L. London, Newington. Property: 54 Queens Ave., Stratford. Filed Dec. 27.

George, David, Brookfield. $549.97, in favor of Western Connecticut Medical Group, Danbury, by Robert L. Peat, Danbury.

Property: 36 Pocono Ridge Road, Brookfield. Filed Dec. 21.

Gomez, Oscar, Fairfield. $643, in favor of Bridgeport Radiology Association, Bridgeport, by Jeffrey T. Schuyler, New Britain. Property: 323 Marlborough Terrace, Fairfield. Filed Dec. 20.

Grant, Sonia A. and Roy L., Stratford. $11,290.07, in favor of Household Finance Corp. III, Fairfield, by Russell L. London.

Property: 483 Reitter Street West, Stratford. Filed Dec. 27.

Hackel, Margo, Brookfield. $908.80, in favor of Danbury Hospital, Bethel, by Stephen A. Wiener, East Hartford. Property: 8 Comstock Trail, Brookfield.

Filed Dec. 14.

Hargraves, Patricia, Bethel. $1,234.83, in favor of GE Capital Retail Bank, Draper, Utah, by Stephen A. Wiener, East Hartford.

Property: 8 Vera Drive, Bethel.

Filed Dec. 26.

THE RECORDS SECTION IS NOW AVAILABLE BY DIGITAL SUBSCRIPTION. Go to westfaironline.com/buy/records-section/ for more information and to view a sample.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of January 14, 2013 19

on the record Hart, James, Bethel. $3,100.85, in favor of Bruce Taylor Heavy Equipment Repair and Emergency Vehicle Service Inc., Brookfield,

by Randall J. Carreirra, Bridgewater. Property: 91 Wooster St., Bethel. Filed Dec. 26.

Hathar, Bashir, Brookfield. $591.76, in favor of Danbury Hospital, Bethel, by Stephen A. Wiener, East Hartford. Property: 6 Hidden Brook Drive, Brookfield. Filed Dec. 26.

Honse, Kimberly, Brookfield. $410.91, in favor of Danbury Diagnostic Imaging, Danbury, by Robert L. Peat, Danbury. Property: 85 N. Lake Shore Drive, Brookfield. Filed Dec. 21.

Janssen, Lisa D., Brookfield. $532.37, in favor of Capital One N.A., Richmond Va., by Russell L. London, Newington. Property: 23 Berkshire Drive, Brookfield. Filed Dec. 26.

Johnson, William M., Fairfield. $2,352.35, in favor of Credit Management Corp., Madison, by John N. Rich, Madison. Property: 88 Rhoda Ave., Fairfield. Filed Dec. 28.

Kahn, Robert, Danbury. $382, in favor of Bethel Health Care Rehab Center, Bethel, by Stephen A. Wiener, East Hartford. Property: 112 Deer Hill Ave., Danbury. Filed Dec. 17.

McGowan, John J., Bethel. $5,603.03, in favor of U.S. Equities Corp., South Salem, N.Y.,

by Linda Strumpf, New Canaan.

Property: 8 Fairchild Drive, Bethel. Filed Dec. 26.

Eisenber Superior Air Systems L.L.C., 12 Picketts Ridge, Redding. $17,924.25, payroll taxes.

Filed Dec. 27.

Bridgeport Roman Catholic Diocesan Corp. and Sacred Heart University Inc., Fairfield.

Filed by Zwally Hauling Inc., Bridgeport. Property: 5151 Park Ave., Fairfield. Amount: $7,280.

Filed Dec. 21.

Gelb, Michael, 160 Delaware Drive, Stratford. $31,753.37, tax Nash, Kirby, Fairfield. $4,879.90, debt on income earned. Filed in favor of Yale New Haven Hos- Jan. 2.

Cirmin Development L.L.C., pital Inc., New Haven, by Nair & Bayville, N.Y. Filed by Lee Seward Levin, Bloomfield. Property: 35 Plumbing and Heating, New MilHue, Didier H., 174 Pocono Larkspur Road, Fairfield. Filed ford, by Lee Seward. Property: Road, Brookfield. $65,162.73, Map 1331 and 1348, Brookfield.

Dec. 26. tax debt on income earned. Filed Amount: $4,047. Filed Dec. 17.

Dec. 19.

Perez, Nora, Fairfield. $1,450, in favor of Bridgeport Hospital, Fairfield County Day School, New Haven, by Nair & Levin P.C., Olsen, Owen, 11 Manions Lane, Fairfield. Filed by A&B MechaniApt. 12, Danbury. $19,085.39, Bloomfield. Property: 1151 Stratcal L.L.C., Monroe, by Arnold field Road, Fairfield. Filed Dec. 26. tax debt on income earned. Filed Jones Sr. Property: 2970 BronDec. 18. son Ave., Fairfield. Amount: $192,738.25. Filed Dec. 19.

Pinheiro, Antonio, Brookfield.

Olsen, Owen, 11 Manions Lane, $4,430.06, in favor of Capital One N.A., Richmond Va., by Russell L. Apt. 12, Danbury. $10,765.21, Patterson McClain Inc. and London, Newington. Property: 37 tax debt on income earned. Filed Danbury Mall Associates L.P., Candlewood Lake Road, Brook- Dec. 18.

Danbury. Filed by Interior Buildfield. Filed Dec. 26. ing Contractors L.L.C., Durham, Olsen, Owen, 11 Manions Lane, by Joseph R. Nosal Jr. Property: 7 Backus Ave., Danbury. Amount: Rice, Shawn T., Stratford. Apt. 12, Danbury. $7,526.38, tax $37,454.12. Filed Dec. 19. debt on income earned.

Filed $15,560.83, in favor of Capital One N.A., Richmond Va., by Dec. 18.

Russell L. London, Newington.

Sasco Hill Views L.L.C., Fairfield.

Property: 558 Huntington Road, Olsen, Owen A., 7 Sunset Ridge, Filed by Silva Homes ConstrucStratford. Filed Dec. 27.

Danbury. $115,085.74, tax debt tion L.L.C., Garrison, N.Y., by on income earned. Filed Dec. 18. Arlindo Silva. Property: 998 Sasco Hill Road, Fairfield. Amount: Rios, Cesar G., Bridgeport. $174,981.61. Filed Dec. 20. $4,607.27, in favor of Main Street Rainone, Joseph R. III, 655 Acquisition Corp., Norcross, Ga., Success Ave., Apt. A4, Stratford.

by Stephen A. Wiener, East Hart- $6,048.49, tax debt on income ford. Property: 444 Oakwood St., earned. Filed Jan. 2.

Bridgeport. Filed Jan. 2.

LIS PENDENS

Shoushani, Tony, Brookfield. $3,625.30, in favor of Capital One Lariccia, Nicola M. aka Ni- N.A., Richmond Va., by Stephen cole Marie Pawson, Fairfield. A. Wiener, East Hartford. Prop$1,904.29, in favor of U.S. Equi- erty: 38 Huckleberry Hill Road, ties Corp., South Salem, N.Y., Brookfield. Filed Dec. 17.

by Linda Strumpf, New Canaan.

Property: 87 Perry St., Fairfield.

Smith, Jacquelyn, Bridgeport.

Filed Dec. 31. $2,826.88, in favor of Midland Funding L.L.C., San Diego, CaLinke, Robert C., Bethel. lif., by Stephen A. Wiener, East $8,439.84, in favor of Discover Hartford. Property: 3430 MadiBank, New Albany, Ohio, by Ste- son Ave., Unit 8, Bridgeport. Filed phen A. Wiener, East Hartford. Jan. 2.

Property: 60 Nashville Road, Bethel. Filed Dec. 26.

Yang, Chanta and Choeun, Danbury. $533.63, in favor of Jennings Lucey, Uan A., Danbury. Oil Co., Danbury, by Philip H. $21,038.90, in favor of FIA Card Monogan, Waterbury. Property: Services N.A., Wilmington, Del., 12 Driftway Road, Danbury. Filed

by Julie B. Solomon, Albany, N.Y. Dec. 17.

Property: 50 Abbott Ave., Danbury. Filed Dec. 13.

Westport Music Center L.L.C., 1460 Post Road East, Westport. $23,056.65, payroll taxes and quarterly tax returns.

Filed Dec. 26.

MECHANIC’S LIENSFILED Elsaid, Myaryam A. and Suhail Farooqui, Brookfield. Filed by Connecticut Tank Removal Inc., Bridgeport, by Joseph A. Palmieri Jr. Property: 7 Holly Lane, Brookfield. Amount: $2,790.25. Filed Dec. 14.

Accardi, Mery J., et al., Stratford. Filed by Loren M. Bisberg, Farmington, for Federal National Mortgage Association, Washington, D.C. Property: 309 Honeyspot Road, Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $211,000, dated October 2005.

Filed Dec. 27.

Aguirre, Miriam and Sergio Fernandez, Bridgeport. Filed by Erik Loftus, East Hartford, for U.S Bank N.A., trustee, Salt Lake City, Utah. Property: 288 Carroll Ave., Bridgeport. Action: to foreclose a delinquent mortgage in the original principal amount of $161,000, Natick Sixth Realty Corp., dated October 2006. Filed Jan. 2.

Fairfield. Filed by Zlotnick Construction Inc., Mansfield Center,

by Gregory G. Slotnick. Prop- Boiteux, Rosebine and John J. erty: 40 Black Rock Turnpike, Ulysse, Bridgeport. Filed by JoLIENS Fairfield. Amount: $330,819.60. Ann Sensale, Farmington, Federal Home Loan Mortgage CorporaFiled Dec. 26.

Mansfield, Eunice, Danbury. tion, McLean, Va. Property: 1492 $4,867.88, in favor of Portfolio FEDERAL TAX LIENSNorth Ave., Unit 101, Bridgeport.

Recovery Associates L.L.C., NorAction: to foreclose a delinquent MECHANIC’S LIENSfolk, Va., by Stephen A. Wiener, RELEASED mortgage in the original principal East Hartford. Property: 49 Haamount of $133,000, dated May RELEASED kim Street Extension, Danbury. Datin Brothers Inc., 10 2008. Filed Jan. 2.

Filed Dec. 17.

Fieldstone Drive, Newtown. $24,647.02, corporation income- 20 to 22 Old Ridgebury Road tax return and payroll taxes. Filed Associates L.L.C., Danbury. Filed

by Infra-Metals Co., Wallingford, Dec. 26.

by David Whitehead. Property: 20 and 22 Briar Ridge Road, Danbury. Amount: $8,938.06. Filed Dec. 19.

20 Week of January 14, 2013 • Fairfield County Business Journal

Caine, Martin Leonard III, Fairfield. Filed by Anna Gersham, Armonk, N.Y., for Wells Fargo Bank N.A., Frederick, Md. Property: 34 New England Ave., Fairfield.

Action: to foreclose a delinquent mortgage in the original principal amount of $70,000, dated March 2002. Filed Dec. 24.

Derezende, Christiane S., et al., Bridgeport. Filed by John J. Ribas, Bridgeport, for Park Royal of Bridgeport Condominium Association Inc., Bridgeport. Property: 2600 Park Ave, Unit 10P, Bridgeport. Action: to foreclose a statutory lien on this unit. Filed Jan. 2.

Dragani, Karen aka Karen Lehn, et al., Brookfield. Filed

by Mark A. Piech, Farmington, for JPMorgan Chase Bank N.A., Columbus, Ohio. Property: 14 Derby Court, Unit 2B, Brookfield.

Action: to foreclose a delinquent mortgage in the original principal amount of $172,800, dated December 2007. Filed Dec. 19.

Kennerly, Annie, et al., Bridgeport. Filed, for Black Ridge Condominium Association, Bridgeport. Property: 132 Bennett St., Unit 101, Bridgeport. Action: to foreclose on unpaid common charges. Filed Dec. 31.

Kollar, William J., et al., Fairfield. Filed by Erika L. Mascaro, Farmington, for Bank of America N.A., Charlotte, N.C. Property: 2690 Congress St., Fairfield. Action: to foreclose a delinquent mortgage in the original principal amount of $506,000, dated April 2003. Filed Dec. 24.

Marchese, Carol N., Fairfield.

Filed by Robert A. Pacelli Jr., Bridgeport, for Southgate of Southport Condominium Association Inc., Fairfield. Property: 450 Center St., Unit 2, Fairfield.

Action: to foreclose on an association lien. Filed Dec. 28.

Martin, Claudette and Kenneth Jr., Stratford. Filed by Adrienne Roach, Hartford, for Suntrust Edgar, Sherri and Scott Vin- Mortgage Inc., Richmond, Va. cent, et al., Danbury. Filed by Property: 177 Drome Ave., StratJohn P. Fahey, Farmington, for ford. Action: to foreclose a delinSavings Bank of Danbury, Dan- quent mortgage in the original bury. Property: 213 Middle River principal amount of $180,000, Road, Danbury. Action: to fore- dated August 2007. Filed Dec. 27. close a delinquent mortgage in the original principal amount of $334,000, dated February 2009. McClellan, Shari, et al., Bridgeport. Filed by John J. Ribas, Filed Dec. 17.

Bridgeport, for Eastwood Condominium Association of BridgeEspinel, Anita and William H., port inc., Bridgeport. Property: et al., Fairfield. Filed by Loren 119 Louisiana Ave., Bridgeport.

M. Bisberg, Farmington, for U.S Action: to foreclose a statutory Bank N.A., trustee, Salt Lake City, lien on this unit. Filed Jan. 2.

Utah. Property: 86 Campfield Drive, Fairfield. Action: to foreclose a delinquent mortgage in McCullough, Lisette and Mithe original principal amount of chael D., et al., Stratford. Filed $231,000, dated April 2007. Filed by Jeffrey M. Knickerboxer, Hartford, for JPMorgan Chase Bank Dec. 24.

N.A., Columbus, Ohio. Property: 88 Anson St., Stratford. Action: to Harry, Crisendaye and Prakash, foreclose a delinquent mortgage et al., Bridgeport. Filed by John J. in the original principal amount Ribas, Bridgeport, for WPCA for of $285,180, dated October 2007. the city of Bridgeport. Property: Filed Dec. 27.

26 Overland Ave., Bridgeport. Action: to foreclose on a sewer use Morehouse, Kenneth, et al., lien. Filed Jan. 2.

Stratford. Filed by Robert H. Boynton, Milford, for Stonybrook HSBC Mortgage Services Inc., Gardens Cooperative Inc., StratBridgeport. Filed by Jeffrey M. ford. Property: 80 Marsh Way, Knickerboxer, Hartford, for U.S Stratford. Action: to foreclose on Bank N.A., trustee, Salt Lake unpaid common charges. Filed City, Utah. Property: 106 Racton Dec. 28.

Ave., Bridgeport. Action: to foreclose a delinquent mortgage in the original principal amount of Nimba, Blandine, Bridgeport. $35,850, dated December 2004. Filed by Walter M. Spader, N. Branford, for American Tax Filed Jan. 2.

Funding L.L.C., Jupiter, Fla. Property: 1934 Madison Ave., BridgeHutchinson, Sharien, et al., port. Action: to foreclose tax liens Stratford. Filed by Robert A. levied by the city of Bridgeport.

Pacelli Jr., Bridgeport, for Far Mill Filed Jan. 2.

River Condominium Association Inc., Stratford. Property: 80C River Bend Road, Stratford. Action: to foreclose on an association lien.

Filed Dec. 28.

on the record Pereiro, Josephine M., et al., Bridgeport. Filed by John J. Ribas, Bridgeport, for Madison Gardens Condominium Association Inc., Bridgeport. Property: 185 Cherry Hill Drive, Unit 1-A, Bridgeport.

Action: to foreclose a statutory lien on this unit. Filed Jan. 2.

Queiroz, Maria Defatima, Danbury. Filed by Adrienne Roach, Hartford, for U.S Bank N.A., trustee, Salt Lake City, Utah.

Property: 36 Clapboard Ridge Road, Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $440,000, dated December 2004.

Filed Dec. 18.

Raney, Cynthia G., et al., Fairfield. Filed by James W. Donohue, Farmington, for U.S Bank N.A., trustee, Salt Lake City, Utah.

Property: 232 Pemburn Drive, Fairfield. Action: to foreclose a delinquent mortgage in the original principal amount of $576,800, dated April 2007. Filed Dec. 20.

Rapp, Angela R. and Jason M., et al., Danbury. Filed, for Deutsche Bank National Trust, trustee, Los Angeles, Calif. Property: 2 Deer Park Road, Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $398,000, dated January 2005.

Filed Dec. 17.

Ryan, Tracy, Danbury. Filed by Michael H. Cicchetti, Waterbury, for Connecticut Housing Financial Authority, Bridgeport.

Property: 4 Foster St., Danbury.

Action: to foreclose a delinquent mortgage in the original principal amount of $184,000, dated August 2006. Filed Dec. 19.

Salas, Maria and Juan E., Bridgeport. Filed by Walter M. Spader, N. Branford, for American Tax Funding L.L.C., Jupiter, Fla. Property: 338 William St., Bridgeport.

Action: to foreclose tax liens levied by the city of Bridgeport. Filed Jan. 2.

Schettler, Christine and William, Bethel. Filed by James W. Donohue, Farmington, for HSBC Bank USA N.A., Buffalo, N.Y. Property: 7 Racebrook Drive, Bethel. Action: to foreclose a delinquent mortgage in the original principal amount of $485,000, dated March 2004. Filed Dec. 28.

Senra, Eliani, Bridgeport, and Fernando Senra, Pompano Beach, Fla. Filed, for Harbor Point Condominium Association Inc., Bridgeport. Property: Bridgeport.

Action: to foreclose on unpaid common charges. Filed Dec. 31.

177 Main L.L.C., Westport, by Karin A. Church. Lender: First County Bank, Stamford. Property: 177 Main St., Westport. Amount: $3 million. Filed Dec. 27.

225 Taft L.L.C., Paramus, N.J.,

by Alexander C. Von Summer III. Sprinkle, Sandra, et al., Bridge- Lender: Oritani Bank, Washingport. Filed by John J. Ribas, ton, N.J. Property: 207 and 225 Bridgeport, for Eastwood Con- Taft Ave., Bridgeport. Amount: dominium Association of Bridge- $1.9 million. Filed Dec. 31. port inc., Bridgeport. Property: 116 Virginia Ave., Bridgeport. Action: to foreclose a statutory lien 36-5-15 Properties L.L.C., Greenwich, by Maria Fraioli. on this unit. Filed Jan. 2.

Lender: Morgan Stanley Mortgage Capital Holdings L.L.C., St. Victor, Stanley, et al., Bridge- New York City. Property: 5 to 15 port. Filed by Douglas Sauvé, W. Putnam Ave., Greenwich and Hartford, for Deutsche Bank Na- 36 Elm St., Westport. Amount: tional Trust, trustee, Los Angeles, $6.3 million. Filed Dec. 26.

Calif. Property: 31 to 33 Stoehr Place, Bridgeport. Action: to foreclose a delinquent mortgage in C C O IV Sterling L.L.C., Westthe original principal amount of port, by David Vynerib. Lender: $375,000, dated February 2006. Fairfield County Bank, Ridgefield.

Property: 24 Sterling Drive, WestFiled Jan. 2. port. Amount: $1.9 million. Filed Dec. 27.

U.S. Bank N.A., Salt Lake City, Utah. Filed by Nicholas E. Owen II, Stratford, for 3060 Main Street Delaware Commerce Park Stratford L.L.C., Stratford. Prop- L.L.C., Danbury, by Melvyn J. erty: 3060 Main St., Stratford. Powers, Jeffries Loancore L.L.C., Action: to foreclose a delinquent Greenwich. Property: 4 Old Newmortgage in the original principal town Road; 1, 4, 10, 19 and 22 Eaamount of $140,500, dated April gle Road; 3, 7, 14, 18 and 20 Commerce Drive; 5, 7 and 14 Finance 2007. Filed Dec. 31.

Drive; and 37 Apple Ridge Road, Danbury. Amount: $26 million.

Varga, Brenda A. and Steven J., Filed Dec. 17.

Fairfield. Filed by Mark A. Piech, Farmington, for Bank of America N.A., Charlotte, N.C. Property: Fairfield Project L.L.C., Stam26 Campfield Road, Fairfield. ford, by Edward C. Arredondo.

Action: to foreclose a delinquent Lender: People’s United Bank mortgage in the original principal N.A., Stamford. Property: 2070 amount of $256,000, dated Octo- Kings Highway, Fairfield. Amount: $9.4 million. Filed Dec. 26. ber 2005. Filed Dec. 17.

Vontell, Bonnie Ann and Robert J. Jr., et al., Fairfield. Filed by Mark A. Piech, Farmington, for Wells Fargo Bank N.A., Frederick, Md. Property: 14 Moss Ave., Fairfield. Action: to foreclose a delinquent mortgage in the original principal amount of $151,500, dated April 2004. Filed Dec. 20.

MORTGAGES 908-B Burr Street L.L.C., Fairfield, by James Bargas. Lender: Rockville Bank, S. Windsor. Property: 908-B Burr St., Fairfield.

Amount: $800,000. Filed Dec. 21.

K.S.E. Associates Inc., Trumbull, by Stephen Z. Kochor.

Lender: 3860 Main St., Bridgeport. Amount: $1.4 million. Filed Dec. 31.

Love Where You Live Homes L.L.C., Trumbull, by Glen Tangelo. Lender: Newtown Savings Bank, Newtown. Property: 113 Paul Place, Fairfield. Amount: $399,000. Filed Dec. 18.

Love Where You Live Homes L.L.C., Trumbull, by Glen Tangelo. Lender: Newtown Savings Bank, Newtown. Property: 267 Penfield Road, Fairfield. Amount: $790,500. Filed Dec. 18.

Love Where You Live Homes L.L.C., Trumbull, by Glen Tangelo. Lender: Union Savings Bank N.A., Danbury. Property: 86 Eunice Ave., Fairfield. Amount: $841,000. Filed Dec. 26.

MBD Realty L.L.C., Danbury, by Michael Ostrow. Lender: Fairfield County Bank, Ridgefield. Property: 87 Beaver Brook Road, Danbury. Amount: $560,000. Filed Dec. 17.

Schimenti Danbury Associates L.L.C, Ridgefield, by Matthew C. Schimenti. Lender: Fairfield County Bank, Ridgefield. Property: 650 Danbury Road, Ridgefield. Amount: $1.6 million. Filed Dec. 21.

Brito Handyman L.L.C., 70 Plattsville Road, Bridgeport 06606, c/o Claudia R. and Demorvan S. Brito. Filed Dec. 31.

Mercedes Benz of Danbury, 100 Federal Road, Danbury 06810, c/o Danbury Motor Cars L.L.C. Filed Dec. 17.

Byron Auto Repair, 2546 Main St., Bridgeport 06606, c/o Byron Villota. Filed Dec. 26.

Ministries Oasis, 2080 Seaview Ave., Bridgeport 06610, c/o Elizabeth D. DeJesus. Filed Jan. 3.

Catalyst BPO, 19 Old Orchard Road, Westport 06880, c/o Coldfire Inc. Filed Dec. 28.

Ola Restaurant, 694 Brooklawn Ave., Bridgeport 06604, c/o Wagner Lopez and Hugo René Lemus.

Filed Jan. 3.

Chroma Sites, 19 Old Orchard Road, Westport 06880, c/o Coldfire Inc. Filed Dec. 28.

Pepe’s Hardwood Flooring L.L.C., 278 Federal St., Bridgeport 06606, c/o Welton Alves Pereira.

Filed Dec. 31.

Church of the Living God International Inc., 855 to 857 E. Main St., Bridgeport 06608, c/o Pro Nails, 2852 Fairfield Ave., Pastor John Green. Filed Dec. 27. Bridgeport 06605, c/o Lien Nguyen. Filed Dec. 26.

Silvermine Investors L.L.C., Danbury, by Roy Young. Lender: CP Royale Tobacco and ConveUnion Savings Bank N.A., Dan- nience Store, 355 Federal Road, Putt and Pint Club, 12 Maplebury. Property: 559 Federal Road, Unit C5, Brookfield 06804, c/o wood Ave., Westport 06880, c/o Brookfield. Amount: $3 million. Parameshwari and Jaganathan William Shaffer. Filed Dec. 26.

Filed Dec. 14.

Chelladurai. Filed Dec. 28.

UAB Associates II L.L.C., Trumbull, by Robert Weinstein. Lender: People’s United Bank N.A., Bridgeport. Property: Unit 205, Fairfield Medical Center, Fairfield. Amount: $1.2 million. Filed Dec. 26.

Quigley Electric Co., 971 Post CQJ and T Unity Senior Care, Road East, Westport 06880, c/o 844 Lakeside Drive, Bridgeport Phillip Bartlett. Filed Dec. 27.

06606, c/o Pamela Johnson. Filed Dec. 26.

R&M Restaurant L.L.C. d.b.a.

Craftsman Club, 859 E. Main St., Exquisite Beauty by Jenny, 41 Bridgeport 06605, c/o Susan MatSt. Michaels Ave., Stratford 06614, thews. Filed Dec. 24. c/o Jennifer Aguayo. Filed Dec. 31.

United Realty Inc., Westport,

by Robert H. Kahn. Lender: First RAG, 8 Berkeley Road, Westport County Bank, Stamford. Property: Geos handyman Services, 31 06880, c/o Ronald Grosso. Filed 139 Main St., Westport. Amount: Clapboard Ridge Road, Danbury Dec. 28. $1.5 million. Filed Dec. 27.

06811, c/o Geovanny Liriano.

Filed Dec. 26.

Sania Style, 18A Fairlawn Ave., Yaminlaw Judical Investment Danbury 06810, c/o Sanam Group II L.L.C., Danbury, by Glen Crest an Independent Liv- Parvez. Filed Dec. 20.

Robert J. Yamin. Lender: Sav- ing Community, 3 Glen Hill Road, ings Bank of Danbury, Danbury. Danbury 06810, c/o Harborside Secret Hair Style L.L.C., 1080 Property: 4 Moss Ave., Danbury. Danbury L.P. Filed Dec. 26.

Madison Ave., Bridgeport 06606, Amount: $225,000. Filed Dec. 17. c/o Diana P. Bran. Filed Dec. 31.

Hairstyles On Wheels, 1856 NEW BUSINESSES Seaview Ave., Bridgeport 06610, c/o Rochelle Powell. Filed Dec. 20. Stand Out Web Services, 9 Old Redding Road, Redding 06896, 4 Wheels Courier, 2625 Park c/o Emily Hall. Filed Dec. 27.

Ave, Bridgeport 06604, c/o Saeed Hub Industries, 209 Center St., Muhammad. Filed Dec. 20.

Bridgeport 06604, c/o Leigh Scott.

Steven Palmiotto Co., 154 Filed Dec. 20.

Shadow Lake Road, Ridgefield Barbara Karis Downey Real 06877, c/o Steven Palmiotto.

Estate, P.O. Box 232, Westport Jeffrey Pagelson CPA, 8 Settlers Filed Dec. 20.

06881, c/o Barbara Karis Downey. Road, Bethel 06801, c/o Jeffrey Filed Dec. 28.

Pagelson. Filed Dec. 27.

The Chosen Fitness Group Inc., 26 Greystone Road, Bridgeport Brass and Steel Financial Ser- K & K Partners, 474 Limestone 06610, c/o Pergnon Moore. Filed vices, 360 Fairfield Ave., Bridge- Road, Ridgefield 06877, c/o Peter Jan. 2. port 06606, c/o Nadinha Lindsay, dylan Kweskin. Filed Dec. 31.

Tashina Jackson and Juliet Jacobs.

Filed Dec. 26.

THE RECORDS SECTION IS NOW AVAILABLE BY DIGITAL SUBSCRIPTION. Go to westfaironline.com/buy/records-section/ for more information and to view a sample.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of January 14, 2013 21

Malkin Properties would like to say

Thank You to the following tenants and brokers with whom we have completed 268,964 sq.ft. in leasing transactions in Fairfield and Westchester Counties during 2012.

First Stamford Place STAMFord, CT At the Stamford Transportation Center Aircastle Advisor LLC Barrow Street Capital LLC Campus Televideo, Inc. Greenwich Investment Management, Inc. Greenwich Prime Trading Group, L.L.C. Intrepid Shipping LLC John F. dillon & Co., LLC Malkin Construction Corp.

Merrimac Corp.

MJLF & Associates, Inc. Newbury Partners LLC randstad General Partner (US) LLC The Guardian Life Insurance Company of America Thomas Lusita Tod’s Point Capital LLC TrexQuant Management LLC Vesta Partners, LLC

Metro Center STAMFord, CT At the Stamford Transportation Center Lutetium Capital, LLC Tweedy, Browne Company LLC

BP Energy Company Herring Creek Capital Management, LLC

Metro Tower STAMFord, CT

NEW DEVELOPMENT

At the Stamford Transportation Center

MerrittView NorWALk, CT Exit 40A off the Merritt Pkwy., or Super 7 Expressway, Exit 2 Boots retail USA Inc. Paramount Transportation Systems, Inc.

SAP America, Inc. The Multiple Myeloma research Foundation, Inc.

Ten Bank Street WHITE PLAINS, NY Evolution Markets Inc. Vertu USA Inc.

500 Mamaroneck Avenue HArrISoN, NY I-95, Exit 18B West or Hutchinson River Pkwy., Exit 23 South Cokinetic Systems, Corp.

HUB International Group Northeast Inc. Motion Picture Association of America, Inc.

o’Connor davies, LLP Pantaenius America, Ltd. Pasternak Baum & Company, Inc. Pasternak Wine Imports LLC

PARTICIPATING BROKERS Austin McGuire REA - Michael McGuire Angel Commercial LLC - Syd Gordon CBRE - david Block, Ian Ceppos, Steve Greenbush, Al Guttierez, Michael Nelson City Commercial Real Estate daniel Chillemi Choyce Peterson, Inc. - John Hannigan Cushman & Wakefield, Inc. Stephen Baker, Jay Hruska, Paul kauffman, Gregory kenny, Adam klimek, Gerry Lees, Matthew Lisk, William Montague, Maureen o’Boyle, Torey Walsh Fischer Company - Brandon kenney

The Learning Curve Inc., 70 Lincoln Blvd., Bridgeport 06606, c/o Nadinha Lindsay and Tashina Jackson. Filed Dec. 26.

Document access management method and system. Patent no. 8,347,400issued to Marco A. Zuniga, Webster, N.Y.; and Steven J. Harrington, Webster, N.Y. Assigned to Xerox Corp., Norwalk.

Printer-ink identification system and method. Patent no. 8,342,625 issued to Judith D. Auslander, Westport; and Robert A. Cordery, Danbury. Assigned to Pitney Bowes Inc., Stamford.

Imaging members having stress/strain free layers. Patent no. 8,343,700 issued to Robert C. Triple Crown Cleaning Services U. Yu, Webster, N.Y.; Stephen T. AvL.L.C., 102 Merchant St., Bridge- ery, Rochester, N.Y.; Yuhua Tong, port 06604, c/o Barbara and Luis Webster, N.Y.; Michael S. RoetLanzo. Filed Dec. 20. ker, Webster, N.Y.; Jimmy E. Kelly, Rochester, N.Y.; and Kyle B. TallTriple M Care, 70 Success Ave., man, Farmington, N.Y. Assigned to Apt. 69, Bridgeport 06610, c/o Xerox Corp., Norwalk.

Francine Needham. Filed Jan. 2.

Infrared plastic welding with W S P Sells, 512 Seventh Ave., New recirculation of unabsorbed York City, N.Y. 10018, c/o W S P infrared laser light to increase absorption of infrared laser USA Corp. Filed Dec. 26. light. Patent no. 8,343,299 issued to Scott Caldwell, Henrietta, N.Y.; and Paul Rooney, Henrietta, N.Y. Assigned to Branson Ultrasonics PATENTS Corp., Danbury.

Reducing dislocation formation in semiconductor devices through targeted carbon implantation. Patent no. 8,343,825 issued to Anthony G. Domenicucci, New Paltz, N.Y.; Shreesh Narasimha, Beacon, N.Y.; Karen A. Nummy, Newburgh, N.Y.; Viorel C. Ontalus, Danbury; and Yun-Yu Wang, Poughquag, N.Y. Assigned to International Business Machines Corp., Armonk, N.Y.

Tobacco Zone L.L.C., 2985 Fairfield Ave., Bridgeport 06605, c/o Selva Kumar. Filed Jan. 2.

Automatically calibrating regions of interest for video surveillance. Patent no. 8,345,101 issued to Russell Bobbitt, Pleasantville, N.Y.; Quanfu Fan, Somerville, Mass.; Arun Hampapur, Norwalk; Frederik Kjeldsen, Poughkeepsie, N.Y.; Sharathchandra Pankanti, Darien; Akira Yanagawa, New York City, N.Y.; and Yun Zhai, White Plains, N.Y. Assigned to International Business Machines Corp., Armonk, N.Y. Chair-support structure. Patent no. D673,401 issued to Niels Diffrient, Ridgefield. Assigned to Humanscale Corp., New York City, N.Y.

At the White Plains Transportation Center Eckert Seamans Cherin & Mellott, LLC

on the record

Howard Properties - Howard Greenberg, John Marwell Jones Lang LaSalle - John Stoddard, Ed Tonnessen, George Walker McCarthy Associates - John McCarthy New England Land - Nat Barnum Newmark Grubb Knight Frank Brian Carcaterra, Paul Gojkovich, Brian Goldman, John Goodkind, daniel Hassett, Elizabeth Houley, James ritman, Erica rubenstein, Patti Valenti Studley, Inc. - david dusek, Craig Lemle Zuckerman Real Estate - Alan Zuckerman

malkinproperties.com T (203) 353-5200 • (914) 328-4800 100% Commission on Lease Signing

22 Week of January 14, 2013 • Fairfield County Business Journal

Compression scheme selection based on image data type and user selections. Patent no. 8,345,998 issued to Amal Z. Malik, Pittsford, N.Y.; Clara Cuciurean-Zapan, Fairport, N.Y.; and Xing Li, Webster, N.Y. Assigned to Xerox Corp., Norwalk.

Device and methodology for reducing effective dielectric constant in semiconductor devices. Patent no. 8,343,868 issued to Daniel C. Edelstein, White Plains, N.Y.; Matthew E. Colburn, Hopewell Junction, N.Y.; Edward C. Cooney III, Jericho, Vt.; Timothy J. Dalton,Ridgefield; John A. Fitzsimmons, Poughkeepsie, N.Y.; Jeffrey P. Gambino, Westford, Vt.; Elbert E. Huang, Tarrytown, N.Y.; Michael W. Lane, Cortlandt Manor, N.Y.; Vincent J. McGahay, Poughkeepsie, N.Y.; Lee M. Nicholson, Katonah, N.Y.; Satyanarayana V. Nitta, Poughquag, N.Y.; Sampath Purushothaman, Yorktown Heights, N.Y.; Sujatha Sankaran, Wappingers Falls, N.Y.; Thomas M. Shaw, Peekskill, N.Y.; Andrew H. Simon, Fishkill, N.Y.; and Anthony K. Stamper, Williston, Vt. Assigned to International Business Machines Corp., Armonk, N.Y.

Surgical-stapling apparatus.

Patent no. 8,342,377 issued to Keith L. Milliman, Bethel; Frank J. Viola, Sandy Hook; Joseph P. Orban III, Norwalk; and Randolph F. Lehn, Stratford. Assigned to Covidien L.P., Mansfield, Mass.

Molded nozzle plate with alignment features for simplified assembly. Patent no. 8,342,652 issued to Peter J. Nystrom, Webster, N.Y.; Scott Phillips, West Henrietta, N.Y.; Mark Cellura, Webster, N.Y. Assigned to Xerox Corp., Norwalk.

Systems and methods relating to bond liquidity. Patent no. 8,346,647 issued to Bruce D. Phelps, Darien; Siddhartha Dastidar, New York City, N.Y.; and Ariel Edelstein, Woodmere, N.Y. Assigned to Barclays Capital Inc., New York City, N.Y.

Personalization of event participation in mobile neighborhoods. Patent no. 8,344,892 issued to Arturo M. Lorenzo, Fairport, N.Y.; Hua Liu, Fairport, N.Y.; and Naveen Sharma, Fairport, N.Y. Assigned to Xerox Corp., Norwalk.

TFET with nanowire source.

Patent no. 8,343,815 issued to Sarunya Bangsaruntip, Mount Kisco, N.Y.; Isaac Lauer, Mahopac, N.Y.; Amlan Majumdar, White Plains, N.Y.; and Jeffrey Sleight, Ridgefield.

Assigned to International Business Machines Corp., Armonk, N.Y.

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Business ConneCtions 2013 Economic outlook

EvEnts

Connecticut Creates!

Connecticut Manufacturing Summit

Fiscal Cliff Just the Beginning for Defense Industries

D

efense is big business in Connecticut. So it’s no surprise that the potential for sequestration has many of the state’s defense contractors and suppliers on edge.

The stopgap fiscal cliff legislation passed earlier in the month put off any decision about sequestration, deep across-the-board cuts in federal defense and other spending, now set to take effect in March.

Just how big is Connecticut’s defense industry? It accounts for approximately 50,000 jobs and $25 billion per year in economic activity, says Bob Ross, executive director of the state’s Office of Military Affairs, an agency charged with providing economic support to the defense industry, the sub base in Groton, and the state’s other military organizations.

“That’s approaching about 10% of our economy. Connecticut ranks eighth in the nation as a defense contracting state and third on a per capita basis.”

Given such high stakes, how does Connecticut survive in an environment where there will be less defense spending? What can be done to ensure that this critical sector of our economy stays strong?

Those were the questions at the center of a panel discussion at CBIA’s January 4 Economic Summit and Outlook in Hartford. The panel included Ross; Jay DeFrank, vice president of communications and government relations at Pratt & Whitney; and Collin Cooper, CEO of Whitcraft Group.

According to DeFrank, the possibility that sequestration would be allowed to take effect has already had an impact through the defense industry supply chain in terms of hiring and capital investment decisions. If it happens, however, the impact will be much worse.

“In one study done for the Aerospace Industries Association, George Mason University put Connecticut among the top 10 states most at risk for the effects of sequestration,” said DeFrank. “In fact, 42,000 jobs could be affected.

Many of those job losses would be in small businesses in Connecticut.”

DeFrank noted that when the nearly half-trillion dollars in 2011 defense cuts are combined with a half-trillion that’s at risk if sequestration goes into effect, “you can see how threatening an entire industry with a trillion dollars in cuts

can quickly cascade down to states, communities, and individual businesses, costing jobs and jeopardizing capital investments at a time when we’re struggling to recover from the recession.”

DeFrank points out, however, that as damaging to Connecticut as sequestration could be, given the long-term U.S. fiscal picture, “it’s just a harbinger of what is going to be a long and challenging trend.”

He believes that trend may actually represent an opportunity for those who, “early on, take the long view and position themselves for the future.”

What can be done to ensure that Connecticut’s defense industry can thrive in a new era of federal debt reduction?

One of the keys, said DeFrank, is for the industry and state government to recognize that the budget environment we’re in is long-term and challenging and that we have to adapt. “We cannot be captives of how we did things in the last century,” he said.

Cooper believes the state legislature could help by taking a cost-benefit- analysis approach to legislation, noting that the benefits of some programs may go to one economic sector, but the cost falls on others.

“Manufacturing sometimes feels that companies are looked at as revenue streams for government programs.

So, really, a cost-benefit approach to things [is what’s needed], he said.”

DeFrank recommends that the state take several actions, including partnering with industry to retrain displaced workers to provide them with the skills needed for the complex, high-tech work that is Connecticut’s hallmark.

He also called for long-term predictability and stability in areas of government such as the tax code, in particular, the administration of tax credits.

Sponsor: McGladrey LLP Participating sponsor: nPlusOne Consulting

M

anufacturing is vital to Connecticut’s economic health and future. Now, after decades of uncertainty, the state’s manufacturers could be entering a new era of opportunity.

Join us for a discussion on the state of national and local manufacturing and learn about strategies for maximizing your company’s success.

Program Highlights f Overview of U.S. manufacturing— Steve Menaker, Partner, McGladrey LLP f Connecticut Manufacturing: Building on the Past, Creating Our Future—Pete Gioia, Vice President and Economist, CBIA f Panel discussion: Connecticut manufacturing executives on achieving success, resources needed for sustaining success, and strategies for cost-control and streamlining operations Moderator: Steve Menaker, Partner, McGladrey LLP Brian DiBella, Vice President and General Manager, Wiremold Electrical Wiring Systems Division, Legrand Don Janezic, CFO, Bigelow Tea f Panel discussion: Industry-driven workforce solutions Moderator: Bonnie DelConte, President, CONNSTEP Jason Howey, President, Okay Industries Dr. Karen Wosczyna-Birch, Executive Director College of Technology, Connecticut Community Colleges Dave J. Tuttle, Department Head/ Manufacturing. Connecticut Technical High School System Douglas Johnson, Vice President of Operations, Marion Manufacturing Company f Policy discussion: Improving Connecticut’s manufacturing climate—Joe Brennan, Senior Vice President of Public Policy, CBIA Date

Friday, Jan. 25, 2013

Ross also advocated greater predictability and stability when it comes to government programs. “If you have a program in place, keep it in place. If you change the rules, even for the best of motives, it just frustrates…everybody,” he said.

Time

8:30 am–noon

➤ Read more at gov.cbia.com

➤ Register at cbia.com/events

Place Trumbull Marriott, 180 Hawley La., Trumbull Cost

CBIA members, McGladrey/nPlusOne clients, supporting partners $25; nonmembers, $50

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of January 14, 2013 23

PAULA ZAHN, co-host of Thirteen-WNET’s “NYC-ARTS.”

VALERIE SALEMBIER, senior vice president, publisher and chief revenue officer at Town & Country.

SUZYN WALDMAN, Yankees Radio Color Commentator for WCBS.

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HOST JUDITH HUNTINGTON president The College of New Rochelle MODERATOR ELIZABETH BRACKEN-THOMPSON partner Thompson & Bender

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JANUARY 17 11:30 a.m. Lunch Program begins at noon

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Register now. Space is limited. Email Alissa Frey at afrey@westfairinc.com or go to westfaironline.com