The Fairfield County Business Journal 8/20/2012 Issue

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FAIRFIELD COUNTY

BUSINESS JOURNAL

YOUR only SOURCE FOR regional BUSINESS NEWS | westfaironline.com

August 20, 2012 | VOL. 48, No. 34

FCBJ TODAY

After an intermission, Kuchma Corp. previews the next installment at Bijou Square … 2 Gold coastal property: new foreclosures in Connecticut register biggest increase in nation … 2 Community banks cut smallbusiness loans in Q2 … 3

New major data center for Norwalk New hotel in Greenwich could become test kitchen for franchise … 5 Fast-casual health food restaurant eyes Greenwich … 8 In the field: Harman adds 1,300, GM starter deal … 9 Fairfield company clearing the air in China … 13 Special report: disaster recovery, a year after the storm … 15 SEC wins appeal on accounting fraud case against former CFO … 17

Also …

“They have tried to sell us this trickle-down, tax-cut fairy dust before. And guess what – it does not work. It didn’t work then; it won’t work now.” 4

MEDIA PARTNER

Cervalis deal biggest build-to-suit in 11 years BY JENNIFER BISSELL

jbissell@westfairinc.com

E

arlier this month power outages in Greenwich and Stamford set many businesses back a day, with no access to com-

puter systems, email or phones. A year from now, that may not be the case if the electricity goes out. Cervalis L.L.C., an information-technology infrastructure provider, is building a data- and disaster-recovery center in Norwalk.

The first floor of the 168,000-square-foot facility will house servers to run clients’ day-today IT operations and the second floor will be reserved for businesses to use as an office in case there is ever a power outage or disaster. Major data center, page 6

Capital gains

Back to class

Incubators help startups gain more attention from investors

With turnover low, grads look to leverage thin résumés

BY PATRICK GALLAGHER

BY ALEXANDER SOULE

pgallagher@westfairinc.com

casoule@westfairinc.com

R

After Fairfield County’s long-term unemployed got a second dose of national publicity, a local company is casting the spotlight on those at the other end of the spectrum – the newly unemployed with ink still drying on their diplomas. In its new offices in Norwalk, a few floors below University of Phoenix classrooms, OperationsInc is launching “Job Search 101” for graduates whose thin resumes are finding their way to the reject pile. Earlier this year, OperationsInc acquired AllCountyJobs.com, and since has begun publishing monthly assessments of the Fairfield County job market based on activ-

David Lewis

ity on its FairfieldCountyJobs.com website. The businesses are now part of a holding company called HRnucleus. FairfieldCountyJobs.com will be running two job fairs in September in Norwalk, each featuring up to 20 area employers and agencies with a combined 200 jobs to fill, with the fairs to continue monthly. July’s job-posting volume was up 2 percent over June, with July typically among the weakest months of the year. What’s more, this past July was the strongest for any Back to class, page 6

enovations to the Stamford Innovation Center are nearing completion, as iCenter officials partnering with the Business Council of Fairfield County work to finalize an agreement with Connecticut Innovations Inc. to sponsor one of two initial hubs for startups. Separately, The Business Council of Westchester, based in White Plains, announced a partnership Aug. 6 with Boston-based Initiative for a Competitive Inner City to help provide access to capital for small businesses in urban areas. The Westchester County Association, also in White Plains, began accepting applications to its newly formed business accelerator July 19. Capital gains, page 6


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