FCBJ 040813

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FAIRFIELD COUNTY

BUSINESS JOURNAL FCBJ this week ECONOMIC INDICATORS nationwide may be looking up, but for the unemployed, it’s still an uphill battle ... 3

PHOTO BY DAN BURNS

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com

April 8, 2013 | VOL. 49, No. 14

GIDDY-UP, GREENWICH

SEA CHANGE IN STAMFORD BLT REVISES BOATYARD RELOCATION PLANS BY PATRICK GALLAGHER

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pgallagher@westfairinc.com

DONALD E. GIBSON tells us what employers should consider when an employee is upset ... 5

D

est defense contractors — had previously warned that the cuts could lead to hundreds, if not thousands, of jobs lost. Offering his apologies, U.S. Sen. Christopher Murphy visited the state’s largest defense manufacturers late March, including Sikorsky’s Stratford headquarters where he held a press conference. “There is no way to tackle our enormous debt and deficit without cutting defense spending,” Murphy said. “I am

eveloper Building & Land Technology Corp. has submitted a revised application to rezone its 205 McGee Ave. property as a boatyard after reaching a new land-swap agreement with Stamford Mayor Michael Pavia. The revised plan, which calls for a 6-acre boatyard at 205 McGee Ave. to replace the former 14-acre South End boatyard, will allow the city to move forward in its review of the proposed 850,000-squarefoot future headquarters of hedge fund giant Bridgewater Associates, Pavia said. “I believe I have negotiated a deal which brings tremendous value to our city,” Pavia said. “With the soon-to-be filed applications, the city’s review process … can now commence.” Under the agreement, the city would grant Harbor Point developer BLT the license to 2.4 acres of city-owned land adjacent to 205 McGee Ave. and a 4,000-squarefoot strip of land that separates the property from the water, in exchange for commitments by BLT to invest $5 million in an expanded city animal shelter and in improvements to Stamford’s Czescik and Cummings marinas. If approved by the requisite city boards, the plan would allow for the construction of a 6-acre boatyard that could provide winter storage for more than 480 boats of all sizes. That in turn would allow for the construction of Bridgewater’s $750 million future headquarters on the site of the former South End boatyard, known as

» Sikorsky, page 6

» Stamford, page 6

LEONORA VALVO, CEO of etouches Inc. in Norwalk, speaks about leading and growing her software company ... 7 MARK FAGAN WRITES about developing a strong, comprehensive and concise system of reporting key business indicators ... 11

MEDIA PARTNER

MURPHY KNOCKS FED CUTS DURING SIKORSKY VISIT BY JENNIFER BISSELL jbissell@westfairinc.com

THE U.S. DEPARTMENT OF DEFENSE has yet to inform Connecticut manufacturers which programs and contracts may be impacted by the automatic budget cuts that went into effect March 1 with the sequester. Officials of United Technologies Corp. and subsidiaries Sikorsky Aircraft Corp. and Pratt & Whitney — the region’s larg-

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