Category: Business

Connecticut Attorney General Tong warns consumers in the state to be vigilant of price gouging ahead of Hurricane Henri

Hartford, CT – As Hurricane Henri heads for Connecticut, Attorney General William Tong is warning Connecticut consumers to be vigilant of price gouging and price hikes. During states of emergency, price gouging is illegal and this includes in demand items such as generators and gas. “Price gougers take advantage of our fear. We’re all worried…

Eversource Increases Number of Possible Power Outages as Connecticut Braces for Hurricane Henri, restorations could go 8 to 21 days

Company to declare an Emergency Response Plan Level 2; 50 to 69% of customers could lose power; restorations could go 8 to 21 days BERLIN, Conn. (August 21, 2021) – With Hurricane Henri expected to make landfall early Sunday morning along Connecticut’s shoreline, Eversource is increasing the number of possible outages the storm could cause.…

First County Bank Expands Commercial Lending Division

STAMFORD, CT – First County Bank expands its commercial banking division, with the hiring of Tripp Moore and Robert O’Brien, as Vice President, Commercial Banking Officers. Moore and O’Brien, who have over 30 years of combined commercial lending experience, will be responsible for developing new commercial relationships for the Bank by providing customized lending and…

Hartford’s Aquiline Drones Wins Prestigious Tech Startup of the Year National Award

Hartford, CT – Aquiline Drones was named the winner of a Silver Stevie® Award in the Tech Startup of the Year- Software category in The 19th Annual American Business Awards® today. Aquiline Drones (AD) in Connecticut earned this prestigious award based on its innovative use of technology in creating cloud-based drone enterprise solutions. Aquiline Drones…

Governor Lamont announces Connecticut receives first credit rating upgrade in more than 20 years

HARTFORD, CT – Governor Ned Lamont on Wednesday announced that Moody’s Investors Service has upgraded Connecticut’s General Obligation bonds credit rating from “A1” to “Aa3,” making it the first credit rating upgrade the state has received since February 2001. “This upgrade from Moody’s is the first for our state in more than 20 years and…

Payroll jobs post slight January 2021 decline (-100): unemployment rate at 8.1% on newly benchmarked data

WETHERSFIELD, CT – Connecticut payroll employment was essentially unchanged in January 2021, dropping just 100 jobs (‑0.01%) after a revised 4,600 (‑0.3%) decrease in December 2020. This is the third monthly job loss after six consecutive seasonally adjusted monthly jobs gains. Statewide employment is now 127,300 (-7.5%) positions lower than a year ago at 1,570,700…

Department of Consumer Protection, Attorney General William Tong, Better Business Bureau celebrate National Consumer Protection Week

Consumers are invited to participate in virtual events during National Consumer Protection Week February 28 – March 6 Everyone can fall victim to fraud and scams, and even legitimate businesses can provide incomplete contractual information, omit important details or present misleading advertising. Being a smart consumer is your best defense against scams, fraud, and identity…