FAIRFIELD COUNTY
BUSINESS JOURNAL
August 13, 2012 | VOL. 48, No. 33
Alexander Soule
YOUR only SOURCE FOR regional BUSINESS NEWS | westfaironline.com
FCBJ TODAY
Through new innovation hubs in Stamford, New Haven and elsewhere, 125 startups to get a leg up … 2
Shelter from the tax storm High earners rush the season for giving
Big Four firm back and forth with Connecticut., New York before First Five deal … 3 Connecticut tied for third lowest business tax rate in 2011 … 5 Gold coastal property: state props up $52M in affordable housing projects in Fairfield County … 8 Captive insurance law reels in first company in Thomson Reuters … 10 In the field: Northern Tier, Kayak up after IPOs … 12 N.Y. REIT shops in Wilton Center … 14
Also …
“At this rate, it will take over 14 years to fully implement reform, but Jan. 1, 2014 is only a year and a half away.” 20
BY JENNIFER BISSELL
jbissell@westfairinc.com
Entering its second month in business at Ridgefield’s Branchville crossroads on Route 7, Ally Bally Bee’s shelves are crowded with all manner of handcrafted articles and knickknacks, from Redding-based American Flora’s yoga and dance garb fashioned from recycled plastic bottle; material to jewelry from a designer in Bar Mo Bags, page 6
Shelter from, page 6
2011 when it trained 7,909 people. “The statistics are alarming when we look at how many people have suffered from cardiac arrest,” said Anne Fountain, director of health and social services for the city of Stamford. “If you can prevent deaths by this easy approach of creating a training program … to me it just makes sense.” Each year, about 785,000 people suffer a heart attack and fewer than one in four receive CPR from a bystander. The survival rate falls 10 percent each minute without CPR before medical assistance. Only 5 percent of cardiac arrest victims survive.
Hands for Life will be held from 8 a.m. to 6 p.m. at Chelsea Piers’ 100-yard field house in Stamford. As a sports complex greatly concerned about safety, helping with the event meshed well with Chelsea Piers’ mission, said Erica Schietinger, Chelsea Piers vice president of corporate communications. Schietinger said the organization wanted to help the city in the event since it has been so supportive of the new complex. At the event, participants will learn the three Cs – call 911, check for breathing,
Mo Bags and more
Former research scientist delves into retail Morag Grassie in Ally Bally Bee.
BY ALEXANDER SOULE
casoule@westfairinc.com With a lease opportunity before her, Morag Grassie went with her gut in starting an artisan gallery named for a whimsical Scottish tune. As it turns out, going with the gut is right up the alley for retailers and research scientists alike.
Heartfelt endeavor BY JENNIFER BISSELL
jbissell@westfairinc.com
MEDIA PARTNER
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op income earners are scrambling to take advantage of estate and gift tax rates before the Bush-era tax cuts end and the Affordable Care Act income tax increases take effect. “There’s a little bit of a perfect storm here,” said Nicholas Bertha, director of wealth and trust planning at Fieldpoint Private. Many wealthy families are choosing to bestow portions of their wealth or businesses to their children now, as there likely won’t be as profitable an opportunity again in their lifetimes. “That’s why we’re so avid about reaching out to our client base so they can take advantage of a 100-year storm,” Bertha said. “This doesn’t happen very often.” Under the Bush-era tax cuts, only gifts and
The city of Stamford is hoping to teach 10,000 people CPR Aug. 25 with its event, Hands for Life. If successful, the city will break the current Guinness world record for the largest number of people trained and certified as CPR providers at a single event. The Singapore Heart Foundation currently holds the title for its event in January
Heartfelt, page 6
Champions in health care … 19