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FAIRFIELD COUNTY

BUSINESS JOURNAL FCBJ this week

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YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com

A CORPORATE HITCHHIKING NETWORK that was the brainchild of Greenwich resident Priscilla Blum is blossoming at Westchester County Airport … 2

June 24, 2013 | VOL. 49, No. 25

MADE IN CONNECTICUT

TEXAS-SIZED VISIT

EXPorTErs sTand To GaIn In TalKs oVEr Trans-aTlanTIC TradE aGrEEMEnT

perry courts connecticut Businesses, touting taX, reguLatory poLicies

TOURISM OFFICIALS hope a state budget provision will help to give new life to the Connecticut Antiques Trail … 5

BY PATRICK GALLAGHER pgallagher@westfairinc.com

E

Mossberg & Sons. After a speech in Stamford later that evening, Perry said he would also seek to entice area financial services firms and pharmaceutical companies to move to Texas, citing the state’s more business-friendly tax and regulatory environment. Perry’s stop in Connecticut, which coincided with a visit by South Dakota Gov. Dennis Daugaard, was followed by a series of meetings in New York state. “There are 1,400 people a day moving into the state of Texas. Fourteen

xperts say Connecticut exporters, led by a burgeoning aerospace industry, are well positioned to reap the benefits of what is being projected as the largest bilateral trade agreement ever reached. As the U.S. and the European Union begin drafting a framework to expand trade through the reduction of tariffs and the alignment of regulatory systems, however, data suggest Connecticut firms that are involved in exporting have begun to shift their focus toward Southeast Asia and the Middle East. The U.S. and E.U. formally kicked off negotiations over the proposed trade deal, known as the Transatlantic Trade and Investment Partnership, at last week’s Group of Eight meeting in Northern Ireland. “Clearly, on balance, it looks like this really would be a boost for Connecticut firms,” said Fred V. Carstensen, director of the Connecticut Center for Economic Analysis at the University of Connecticut. “We’re already selling into those markets, so insofar as the barriers come down, it’ll improve our competitive position and we ought to be able to increase our market share.” While products originating in Connecticut represented just 1 percent of all U.S. exports in 2012, the state ranks eighth in exports per capita and fourth in exports to the E.U., according to a recent

» Texas-sized, page 6

» Connecticut, page 6

CONNECTICUT HOME PRICES rose 9 percent in April from the prior year but the volume of single-family home sales fell 2.5 percent, a new report finds … 8 AS IT SEEKS TO ADVANCE 3-D PRINTING TECHNOLOGY, General Electric Co. is seeking the help of a major source of competition: the “maker” community … 11

MEDIA PARTNER

texas gov. rick perry speaks June 17 at stamford’s ferguson Library.

BY PATRICK GALLAGHER pgallagher@westfairinc.com

TEXAS GOV. RICK PERRY met with gunmakers last week as part of a visit to the tristate area, with hopes of snaring a portion of Connecticut’s $1.3 billion firearms industry. Perry met with firearms industry representatives and other business owners in Hartford June 17 in between testing out the shooting range at Colt’s Manufacturing Co.’s East Hartford headquarters and meeting with representatives of North Haven-based O.F.

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