NED LAMONT: PART 2
NEW BANKING MODEL
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OCTOBER 8, 2018 | VOL. 54, No. 41
YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS
westfaironline.com
EAO marks four decades in Connecticut PRESIDENT SETS SIGHTS ON MAJOR GROWTH
Jim Valentino
BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
S A rendering of 2300 Reservoir Ave. in Trumbull.
Trumbull developments keep rolling along
BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
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rumbull, which has been on a development tear of late, is showing no signs of a slowdown. Two major housing developments have received Planning and Zoning approval; four other businesses have made formal commitments; and the Westfield Trumbull mall’s controversial proposal to add a residential component to its property has taken a step forward. “Developers are increasingly looking to come to this area, which is ripe for these types of projects,” said First Selectman Vicki Tesoro. “It’s an exciting time.” The two new developments are in an industrial zone established in 2017: a project for 199-
unit luxury, market rate apartments at 2300 Reservoir Ave. and a 130-unit, 55-and-over independent living facility at nearby 101109 Oakview Drive. They join the 202-unit luxury apartment complex at the former Canon Solutions America building at 100 Oakview Drive, which was approved last year. “Trumbull has been very proactive,” remarked Bob Dale, managing partner of Cherry Hill, New Jersey-based Buckingham Partners, which is behind the 2300 Reservoir Ave. project. “They’re looking to revitalize and energize that neighborhood.” Dale said the roughly 17 acres will include “a unique combination of styles,” with 70 townhome units facing the road and the remain» TRUMBULL
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pecializing in human-machine interface (HMI) control units and systems may conjure images of dystopian futures ruled by Terminators. But, as EAO Corp. President Jim Valentino points out, in reality it’s a much more commonplace concept. “When you don’t put on your seatbelt and you hear that ‘bing-bingbing?’” he said. “We’re the ones who make that stop.” The Shelton-based firm — the North American subsidiary of EAO AG, headquartered in Olten, Switzerland — observed its 40th anniversary on Sept. 27 with an event that included remarks by Valentino and EAO AG CEO Kurt Loosli, as well as the presentation of a “certificate of accomplishment” signed by Connecticut Sen. Chris Murphy. EAO Corp. relocated to Shelton from Milford in 2014 as part of a strategic decision to increase its manufacturing capabilities in the U.S. and double its engineering and manufacturing capacity. The privately held parent company was established in 1947 and has » EAO CORP.
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