Fairfield County Business Journal 022017

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3 | KEEP ON TRUCKIN' February 20, 2017 | VOL. 53, No. 8

4 | SWORN IN

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

westfaironline.com

Brookfield’s Four Corners to get long overdue update BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

B TASTY ENTERPRISE

See story on page 2

Tom Ginis displays the cheesecakes that launched a family business at Poppy’s Cheesecake in Bridgeport. Photo by Phil Hall.

WBDC launches microloan program FIRST IN STATE TO PROVIDE LOANS AS LOW AS $2,500

BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

W

ith the receipt of $250,000 in grants from two benefactors, the Women’s Business Development Council

has formally launched its WBDC Capital Fund, designed to provide startup and growing businesses with working capital, equipment, inventory and lease space, among other items. The Stamford-based WBDC is the state’s first microlender to provide loans starting at $2,500, according to President/

CEO Fran Pastore, who said that loans would likely be capped at $50,000. Providing the grants were Connecticut Innovations, one of the region’s most notable early-stage investors and the leading source of financing for Connecticut companies, which provided $150,000; and The Barbara Benton Davis Fund at Fairfield County’s Community Foundation, which gave $100,000. Connecticut Innovations CEO Matt McCooe said his organization’s grant was made to recognize that both parties focus on growing businesses and creating jobs throughout the state. “Through the WBDC’s extensive edu» WBDC, page 6

rookfield’s long-planned streetscape renovations to its Four Corners district are finally moving forward after residents approved the plan by a 2-to-1 majority. Roughly 14 percent of the electorate turned out to consider the proposal, which allows the town to borrow $1.7 million to complete the funding for the first phase of the Four Corners project, according to Greg Dembowski, the town’s project manager. “The weather was terrible that day,” he said, “but for a one-off referendum it was a good showing.” The referendum passed by an unofficial tally of 929-489, according to the town clerk’s office. Grants are expected to make up the remainder of the project’s estimated $3.5 million cost. Four Corners, a community landmark named for being the historic junction of State Routes 202 (Federal Road) and 25 (Whisconier Road) and for the quartet of gas stations on each corner of the intersection, has been under discussion for improvements “probably for 30 years,” Dembowski said. Though Brookfield has a number of development projects in the works, Dembowski said Four Corners tops the list. “We want to turn this into a walkable area that’s friendly to business and residents alike,” he said. “That includes appealing to people who are maybe just starting out, who want to move here to raise a family and become part of a community.” » Brookfield, page 6


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