Category: Business

Eversource’s new power supply rate is now more than double – 24.17 c/kWh. Here’s what you can do about it

Starting January 1 of this year, Eversource residential customers in Connecticut who haven’t elected a third-party supplier, will see the supply portion of their electric bill more than double. This is after the Eversource standard service rate jumped from 12.05 cents per kilowatt hour to 24.17 cents per kilowatt hour on January 1, 2023. Eversource’s…

Murphy, Young, Kaine, Cramer Applaud FTC Proposed Rule to Ban Non-Compete Agreements Across Economy

WASHINGTON, DC – U.S. Senator Chris Murphy (D-Conn.), U.S. Senator Todd Young (R-Ind.), U.S. Senator Tim Kaine (D-Va.), and U.S. Senator Kevin Cramer (R-N.D.) on Thursday released the following statements on the Federal Trade Commission’s (FTC) proposed rule banning employers from imposing non-compete agreements on their employees. The FTC estimates that the new proposed rule…

CT Department of Labor: Solid job growth; low unemployment rate; workforce availability continues to challenge employers

Connecticut Department of Labor (CTDOL) Commissioner Danté Bartolomeo today released November labor situation data showing that the state’s employers continue to add jobs. Private sector employment is now 93.2% recovered from the pandemic shut down. November gains were posted across seven private industry sectors that added a total of 3,330 jobs. The unemployment rate dropped…

Governor Lamont highlights Connecticut’s contributions to NASA’s Artemis moon exploration program

Forty-Four Connecticut Companies are Suppliers to the Groundbreaking Mission Governor Ned Lamont highlighted the prominent role that 44 businesses in Connecticut are playing in NASA’s world-renowned Artemis I mission, which sent an unmanned spacecraft on an unprecedented trip around the moon. The spacecraft splashed down Sunday, December 11, 2022, after 25 days of space exploration.…

Connecticut Office of Policy and Management issues third fiscal year 2023 budget forecast to state comptroller

HARTFORD, CT – Connecticut Office of Policy and Management (OPM) Secretary Jeffrey Beckham on Thursday sent the attached expenditure and revenue estimates to State Comptroller Natalie Braswell regarding the state’s General Fund and Special Transportation Fund for Fiscal Year 2023. According to this third monthly forecast from OPM for the fiscal year, the agency estimates…

Connecticut Manufacturing Day Trade Show, Job Fair, and Maker Faire on October 7

Welcoming job seekers to learn about well-paid, in-demand manufacturing positions and celebrating the past, present, and future of Connecticut manufacturing. BRIDGEPORT, CT – Friday, October 7, 2022, is National Manufacturing Day, and Connecticut is celebrating makers large and small with an exciting, free event open to all those pursuing careers in modern manufacturing. Come to…

CT Social Equity Council Approves Equity Status for One Lottery Applicant, Four Equity Joint Ventures

Product packager applications will be forwarded to Consumer Protection for next steps in licensure process HARTFORD (September 26, 2022) — Connecticut’s Social Equity Council (SEC), which was developed to ensure the equity of the state’s adult-use cannabis program, voted on Monday to approve social equity status for one lottery applicant for cannabis business. The council…