FAIRFIELD COUNTY
BUSINESS JOURNAL FCBJ this week THAT CONGESTED FEELING A CBIA transportation summit shines a headlight on clogged roads … 3
Photo by Bill Fallon
YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com
December 23, 2013 | VOL. 49, No. 51
THE BARNUM WAY AN ENTHUSIASM FOR PEOPLE AND LEARNING FROM THE TOP DOWN
CURLING ALERT The Olympics are coming to NBC and Stamford is in the thick of the action … 9
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Paul Blanco in the BFG Shelton headquarters
piloted a one-time, nine-person MetLife office in Shelton across the shoals of two decades to become the 13-office Barnum Financial Group, with 275 financial advisers among a total 400 employees. Barnum manages $7 billion — up from $1 billion in 2004-05 — while remaining a MetLife office. It has done business as Barnum since 1999, making its then-intracompany name its public face. The company — including offices in Greenwich, Stamford
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MEDIA PARTNER
MANAGING DIRECTOR PAUL BLANCO has
By JEnniFER BiSSEll
and Shelton as well as Elmsford, N.Y. — crossed $1 million in revenue in 1999 and this year expects $66 million in revenue. The answer to the upward-ticking metrics appears in the form of Blanco himself. His enthusiasm is evident for everything that arises. He reads business 90 minutes a day because he enjoys it. He strides into the conference room at Barnum Financial Group’s headquarters in Shelton like the St. Francis College athlete he was. At 46, he remains varsity-fit. The tailoring is impeccable. The handshake is firm and is extended with a warm smile. “Barnum has a family feel,” he said. “I
BIG-HEARTED EFFORTS A pair of companies exemplify the giving spirit … 12
Bfallon@westfairinc.com
city bucks woes, thrives
early every month the state’s job report is released, a certain amount of envy surrounds Danbury. The city often boasts the lowest unemployment rate in the state and leads in a number of other economic indicators. Currently, the city’s unemployment rate sits at 6.4 percent, for instance, compared with the statewide average of 8.7 percent. Reflecting on the past year’s growth, Danbury Mayor Mark Boughton thanked members of the Greater Danbury Chamber of Commerce Dec. 13 for their hard work and dedication to the city. In his annual address on the state of the city, Boughton said dozens of small and midsize businesses had opened their doors, while several larger corporations had expanded their footprints. The annual luncheon, held at the Crowne Plaza Danbury Hotel, was the largest yet with more than 350 people in attendance. “We have had another strong year as far as new business growth and development are concerned,” Boughton said. “Danbury is blessed with tremendous assets: a firstrate hospital, a world-class university, a vibrant arts community that encourages a sharing of ideas, a public safety system with metrics that are the envy of any city in Connecticut and, of course, an economy that is the best in the state of Connecticut.” Western Connecticut Health Network is expanding its facilities by 300,000 square feet. Belimo Air Controls USA plans to added hundreds of new jobs to fill its new
HELPING THOSE WHO HELP Support for Alzheimer’s caregivers … 11
By Bill Fallon
Danbury double-take