FAIRFIELD COUNTY
BUSINESS JOURNAL YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com
June 10, 2013 | VOL. 49, No. 23
LEGISLATORS PASS $37.6B BUDGET
FCBJ this week THE NATIONAL LABOR RELATIONS BOARD asks a federal judge to hold the operator of five Connecticut nursing homes in contempt for failing to comply with a ruling … 3
CritiCs Question shiFting oF state Funds, Federal mediCaid assistanCe
THE WOMEN’S BUSINESS DEVELOPMENT COUNCIL is barnstorming the state advising small business owners on financing options, marketing tactics and general growth strategies … 5
BY JENNIFER BISSELL
FIFTY-TWO PERCENT of a group of 200-plus state manufacturers say they have been recruited to relocate to or expand within other states, according to a new survey ... 7
jbissell@westfairinc.com
W
THE STATE LEGISLATURE votes on a flurry of bills as it concluded its 2013 session June 5 … 12
surprised the report’s authors, who hadn’t expected to see such high rates of grant making given the economy. The working hypothesis prior to the unveiling of the results was that while need was great, donors lacked the financial wherewithal to replenish foundations’ assets at a fast enough rate to support increased giving. For the firm’s second annual Report
ith a 19-17 vote, state senators gave final approval last week to a $37.6 billion budget for Connecticut’s 2014 and 2015 fiscal years. The budget — which includes at least three tax extensions and an expansion on gambling — invests in education and maintains aid to municipalities and the growing demand for social services. The budget increases state spending by 8.6 percent, according to Budget Director Ben Barnes. The state fiscal calendar runs from July 1 through June 30. “Of course, no budget is perfect and this budget required many tough cuts, many tough choices and hard compromises,” said Gov. Dannel P. Malloy in a statement after the House passed the budget June 2. “We still have a long way to go. But this budget shows that we’ve got our priorities straight and we are determined to keep Connecticut moving forward.” Senators approved the budget just before 10 p.m. on June 3, one day after members of the House approved the budget by a 95-48 vote following a debate that stretched into the early hours of June 2. No Republicans from either house voted in favor of the budget, and three Senate Democrats joined their counter-
» Charitable, page 10
» Legislators, page 6
FIGHT OR FLIGHT
PAGE 7
more than 100 manuFaCturers in a reCent surveY saY theY have been reCruited to leave or eXpand outside ConneCtiCut MEDIA PARTNER
More than charitable
grants From private Foundations up 9 perCent in 2012 BY PATRICK GALLAGHER pgallagher@westfairinc.com
IT WAS THE BEST KIND OF SURPRISE. From 2008 to 2011, the average private foundation with less than $50 million in assets distributed grants at more than twice the rate required by law. The findings, presented in a 2012 report by Foundation Source Philanthropic Services Inc. in Fairfield,
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8 Sikorsky wins
$435M contract
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2Work restarts
at Park Square
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