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State of Connecticut - Business & Employment Changes Announced in the News Media
  Business & Employment Changes Announced in the News Media - State of Connecticut Last Updated: July 31, 2018
This publication lists start-ups, expansions, staff reductions, and layoffs reported by the media, both current and future. The report provides company name, the number of workers involved, date of the action, the principal product or service of the company, a brief synopsis of the action, and the source and date of the media article. July 2018 Business & Employment Changes Announced in the News Media PDF
Startups and Expansions in July 2018

KPMG to add more than 100 Stamford jobs

Professional-services firm KPMG LLP plans to move its Stamford offices to the downtown office complex at 677 Washington Blvd., and add 110 jobs during the next five years, with a multimillion state grant backing the project, state officials announced Monday. KPMG recently signed a long-term lease and intends to renovate its new offices, ahead of a spring 2019 move-in to the fourth floor of the approximately 700,000-square-foot structure at 677 Washington, which housed the Stamford offices of investment-banking giant UBS until 2016 and now stands as the city's largest vacant office property. The company declined to specify how much space it would take at its new address. KPMG - which specializes in tax, auditing and consulting services - has operated in Stamford for nearly 40 years. It employs 315 at its current offices on the edge of the downtown, at 3001 Summer St. The firm's Hartford office employs 231.

After $15B in care, Norwalk firm readies for hiring push

In a state like Connecticut where the four largest health insurance carriers employ thousands, including Aetna, which nearly moved to New York City, a summer hiring push by a newfangled insurance startup might not be top of mind for many. But when the hiring push is by the man who created more than 3,000 jobs in a previous go-around, that company is about to get a fresh dose of attention - in both Connecticut and New York. Under founder Steve Wiggins and CEO Chris Garcia, Norwalk-based Remedy Partners is nearing the close of a contracting cycle that Wiggins and Garcia expect will double the size of the company, which has 380 employees today including 120 in Norwalk and about 150 in New York City. Remedy to date has raised more than $100 million from investors to push ahead with Remedy's insurance model centered on “episodes of care” in which doctors work with patients to define a sought-for outcome to a medical treatment for a specific ailment, with Remedy then negotiating prices covering the full arc of that treatment. Teams then work throughout with patients, physicians and carriers to achieve that result.

Taco Bell, with a bar, to open in downtown NH

Elm City residents will soon be able to feed their cravings for late night tacos and wash them down with a beer, wine or cocktail, too. Cantina Hospitality, a Greenwich-based Taco Bell and Applebee's franchisee, has signed a 10-year lease for 4,114 square feet at 956 Chapel St. to open New England's first Taco Bell Cantina. The opening is set to coincide with the return of Yale students to campus in late summer or early fall, said Scott Fischer, the franchisee's director of marketing. Taco Bell introduced the Cantina concept, described as an urban-style Taco Bell, in Chicago in 2015. Since then, Fisher said more than 60 have opened around the country, typically in cities with high pedestrian activity.

Layoffs and Staff Reductions in July 2018

Data giant eliminates 165 jobs, hiring in Norwalk

For a second consecutive quarter, FactSet cut the size of its workforce, eliminating 165 jobs as part of an ongoing restructuring under CEO Phil Snow amounting to nearly a 2 percent reduction. FactSet competes with Bloomberg and Thomson Reuters providing nearly 90,000 traders, wealth managers and other financial professionals with market feeds and analysis. The company plans to relocate its headquarters within Norwalk next year to The Towers office park on Glover Avenue, from its current location in the nearby Merritt 7 Corporate Park.

Second tenant closes in Hartford's Front St. district

Qdoba Mexican Grill said it has closed its downtown Hartford Front Street location, becoming the second tenant to flee the young retail-entertainment district. The Denver-based fast-casual Mexican restaurant chain could not be immediately reached Friday to explain the closure. Qdoba is the Front Street district's second tenant to leave its space after Nix's restaurant was evicted in Nov. 2017 for failing to pay back rent. Front Street landlord and developer HB Nitkin Group of Greenwich on Friday said it has a tenant lined up for 26 Front St., Qdoba's address, but would not reveal its name.

Derby Nursing Home Is Officially Closed

Now that bankruptcy has forced Birmingham Health Center at 210 Chatfield St. to surrender its nursing home license to the state, what's next for the property remains unclear.  The 110-bed nursing home officially closed Friday (July 20), according to a union spokeswoman. About 100 people lost their jobs. Residents were sent to other facilities. The move followed years of financial hardship for Spectrum Healthcare, the company that owned Birmingham Health Center. The company entered bankruptcy in 2012, announced a debt restructuring plan, but filed for bankruptcy again in 2016.

In Department News

State of Connecticut Career Posters - Job Journeys

For those seeking more information before making a career choice, the Department's "Job Journeys" posters can serve as a valuable resource. "We want every jobseeker, student, career counselor, teacher, education and training administrator and workforce professional in the state to know about our series of Job Journey posters," notes State Labor Commissioner Scott D. Jackson. "These colorful, at-a-glance illustrations of the jobs found in each of Connecticut's 16 career clusters include pay and education information, related jobs,and how they measure up as an "in-demand' career."

Connecticut Career Paths: 2017

This publication is created to provide you the information about the skills and training to prepare yourself for a successful career in one of over 340 occupations in the state. For each of the occupations included in the Career Table, information is provided on number employed, job openings, education and training requirements and the earning potential for your chosen field.

Manufacturing and other Middle skills Jobs

A recent publication by the Connecticut Department of Labor's Office of Research titled, Connecticut's Manufacturing and Other Middle-skills Jobs, was created to inform people seeking work or considering a career change of various employment opportunities. Connecticut areas and industries with the most job postings and related jobs to each occupation are also included in the publication.

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