Insurance Group Buys Fairfield Office Building

 Fairfield building at 45 Sherman Street sold to the Doyle Insurance group for over $1 million.

Fairfield building at 45 Sherman Street sold to the Doyle Insurance group for over $1 million.

Fairfield-based Doyle Insurance has gone from tenants to property owners.

The insurance group purchased a two-story office building at 45 Sherman St. for $1,375,000, according to a press release from Fairfield-based real estate firm, Angel Commercial LLC, which represented the buyers.

The Doyle Insurance Group provides personalized insurance services for its clients, offering an array of property and liability insurance solutions.

The company will move from its 10 Sasco Hill Road location less than a mile away to the new office just off the Post Road. The office is also within walking distance of the Fairfield train station.

“Changing from a tenant to a property owner demonstrates the firm's commitment to being part of Fairfield’s vibrant business community,” said John Angel, president of Angel Commercial, in a press release.

The space offers more than 4,500 square feet along with a 1,217-square-foot cottage that also has an office room and residential features. Both the main building and the carriage building have been renovated in the past two years.

The insurance company is expected to occupy the front building following further modifications to the site, while it’s uncertain what they will use the carriage building for.

“It’s a spectacular area,” said Bruce Wettenstein of Westport-based Vidal/Wettenstein which was the listing broker for the sellers, Valor Investments LLC.

The previous owner operated a financial services business, according to Wettenstein.

“If you want to be in Fairfield and you want to be within walking distance to all the retail spots and Metro-North, it’s the right location,” he added.

Yankee Institute: Fairfield Named Top CT Town for Business Friendliness

Connecticut is often ranked low in terms of its business environment, but according to a new study from Yankee Institute, some towns manage to stand out from the rest.

The authors of Connecticut’s Top Ten Business-Friendly Towns collected and measured data from Connecticut’s 50 largest municipalities based on community allure, economic vitality, tax burden and transportation infrastructure and found that while the state may be in dire economic straits, some towns are still able to foster a competitive business environment.

The Town of Fairfield took top honors as the most business-friendly town or city in the state, followed by Greenwich, Westport, Ridgefield and Simsbury.

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Although the top four business-friendly towns were located in Fairfield County, towns like Shelton, South Windsor and Glastonbury also made the top ten list.

“I think this shows there are bright spots in Connecticut, that our state still has the ability – particularly at the municipal level – to really be economically vibrant, competitive, and friendly to businesses,” said Yankee Institute Manager of External Affairs and co-author of the study Isabel Blank.

The study comes on the heels of a previous study on municipal finances entitled Warning Signs: Assessing Municipal Fiscal Health in Connecticut, which scored municipal finances and found a significant portion of Connecticut’s 169 municipalities were facing fiscal problems, including eight which were labeled as being in “severe distress.”

The data in Warning Signs was collected and analyzed by Marc Joffe of the Reason Foundation. A municipality which scored below 70 was deemed to be “marginal,” while a score below 50 is considered in severe financial distress.

The average fiscal score for a town ranked in the top ten for business friendliness was 71, compared to the average score of 56 for a bottom ten municipality.

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Fitch: Population, economic numbers point to Fairfield County outpacing rest of state

 Fairfield County gained more than 2,500 residents in net migration from New York City from 2011 to 2015, including 1,038 from Bronx County.

Fairfield County gained more than 2,500 residents in net migration from New York City from 2011 to 2015, including 1,038 from Bronx County.

Following is an article from the Fairfield Citizen:

Connecticut may be losing population, but Fairfield County is gaining residents and much of that is coming from nearby New York City.

A recent study by Fitch Ratings of U.S. Census Bureau data shows that Fairfield County gained more than 2,500 residents in net migration from New York City from 2011 to 2015, including 1,038 from Bronx County. Fairfield County had positive net migration from each of the five New York City counties during that time span.

Overall, Connecticut gains a significant number of residents moving in from New York state each year, peaking with a 12,136 net migration in 2015.

The study also showed that Connecticut has lost population every year from 2013 and 2016. Fairfield County, however, has gained population each year, and had 949,921 residents in 2017, up from 942,865 in 2013. Hartford County, by comparison, saw its population fall from 899,765 in 2013 to 895,388 in 2017.

Joseph Fontana, an associate director in Fitch Ratings’ corporates group, was the lead analyst for the study. He said Fairfield County’s strengths, such as high personal income, wage growth and disposable income, should continue to make it a desirable destination for New Yorkers looking to relocate.

“There are strong underlying economic trends that will support growth in Fairfield County going forward,” he said.

Fairfield County’s low property taxes, relative to New York City and adjacent Westchester County, is another draw.

“That’s a factor,” Fontana said. “People want to be in an area where they can avoid taxes as much as they can, especially with the new tax laws and their limited ability to deduct state and local taxes from federal taxes.

“Residential real estate (in Fairfield County) has been pretty good,” he said. “There has been strong growth in wages and median household income. That’s really driving the residential real estate market in Fairfield County.”

The southwestern part of the state has outpaced the rest of the state in other economic measures as well. The Danbury labor market area has the state’s lowest unemployment rate at 3.7 percent. The Bridgeport-Stamford labor market area has an unemployment rate of 4.4 percent, which absorbs towns with high rates, such as Bridgeport (6.4), Ansonia (6.2), Stratford (5.6) and Derby (5.5).

Millennial march

A growing number of millennials are fleeing the big cities in search of the traditional American dream of homeownership in the suburbs, the Fitch research shows. Older millennials who had previously shunned the suburbs in favor of the work-live-play aspect of the cities, are now seeking homes in the suburbs.

“Millennials are trying to strike a balance between commuting and affordability; and being away from the city, but not too far,” Fontana said. “The white-picket fence is a necessity to them, too, especially as their families grow. The dream of owning a home is not dead for millennials and Fairfield County has the comforts of a suburb, but with New York City proximity.”

Fairfield County also offers good schools, upscale shopping and a lower cost of living, compared to New York City, he said.

Jim Fagan, Cushman & Wakefield’s managing principal for the Connecticut and Westchester markets, has seen a similar trend. He said there is a large demographic of people between the life stages of graduating from college and starting a family. That population flocked to city apartments during that stage.

“That process is starting to mature. They moved into apartments 10 years ago and the birthrate was low for years, but now they are starting families,” Fagan said. “These families can’t afford to live in the city. If you’re in Manhattan and you have a few kids, you’re dead broke.

“Connecticut and Westchester are made for families,” he said. “There’s access to Long Island Sound, fantastic schools and all the amenities of a suburb close to New York City.”

Fagan said as the millennials move to Fairfield County the commercial real estate market will continue to improve. Fitch numbers show that Fairfield County has a vacancy rate of 23.6 percent, up dramatically from the 13.9 percent vacancy rate in 2007. It has climbed steadily over the years as the country recovers from the 2008 recession, corporations rethink their space requirements and technology reduces the need for many employees to have an office.

Fagan sees companies following their talented millennial workers out to the suburbs and taking space in office buildings throughout Fairfield County, particularly along major transportation lines.

Fontana said Fairfield County often represents a “flight to affordability” for companies looking to escape the high rents of New York City. Conversely, he said, many companies looked to New York City following 2008 as a place they believed to be a recession-proof area.

While slightly elevated from pre-recession years, New York City continues to enjoy a low vacancy rate of 8.3 percent. The city’s vacancy rate hit a post-recession high of 11.6 percent in 2009. The rate was 5.7 percent in 2007, according to numbers provided by Fitch.

Recession recovery

The recovery from the recession has been stronger and faster in Fairfield County in comparison to the rest of the state. A look at population numbers show that every county in the state has lost population since 2013, except Fairfield. In addition to Hartford, Litchfield and New London counties have lost significant population.

It’s a good thing for the state that Fairfield County continues to gain population as it pays more than one-quarter of the state’s taxes, with a hefty amount of that coming from Greenwich. A strong Fairfield County economy is essential in keeping that money flowing north.

Fontana said the economic indicators appear strong in Fairfield County and he sees the momentum continuing in a positive direction.

“It’s a function of where we are in the cycle. We are nine or 10 years out from the start of the recession and things are positive,” Fontana said. “I see continued positive growth. A deceleration will come, though, but that’s normal.”

Fairfield University top regional school in Northeast, says U.S. News

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Fairfield University is the top regional university in the Northeast, according to the latest national college rankings from U.S. News & World Report.

The school – which ranked third last year in the region – also tied for fourth-best undergraduate teaching in the Northeast with Bentley University in Waltham, Massachusetts, and Providence College; State University of New York (SUNY) Geneseo finished first. Fairfield University also tied for fifth-most innovative school in the region with Champlain College, Vermont and Thomas Jefferson University in Philadelphia; Southern New Hampshire University was first. Furthermore, Fairfield University came in 21st in the publication’s “Best Value Schools” in the region, with Gallaudet University in Washington, D.C., topping that list.

Fellow Fairfield-based school Sacred Heart University tied with five other schools for 35thbest in the Northeast; tied with the same five institutions for 17th best college for veterans; placed 64th in best value; and placed 274th for its business programs.

The University of Bridgeport and Western Connecticut State in Danbury both placed in a large 142nd-187th rank in the “Best in the Northeast” rankings. Bridgeport was also included in the 190th-206th cohort of schools with doctorates in engineering.

Colleges and universities included in the Regional Colleges ranking offer a broad scope of undergraduate degrees and some master’s degree programs and are divided and ranked in four geographical groups: North, South, Midwest and West.

Princeton University in New Jersey was named the best national university, followed by Harvard University in Cambridge, Massachusetts. Tied for third place were Yale in New Haven; Columbia University in New York City; the Massachusetts Institute of Technology in Cambridge; and the University of Chicago. Also making that list were the University of Connecticut (63rd) and the University of Hartford (194th).

Sacred Heart University debuts undergraduate program in hospitality, resort and tourism management

 Photo: Centerbrook Architects and Planners

Photo: Centerbrook Architects and Planners

From Westfair Online:

Sacred Heart University (SHU) is kicking off its fall semester with a new undergraduate program that offers a bachelor’s degree in hospitality, resort and tourism management.

John Chalykoff, dean of the university’s Jack Welch College of Business, said that the new program puts students in the right place at the right time. “This is an expanding industry where there will be great demand to fill jobs,” he said, noting that the hospitality and tourism industry is the second-largest employer in the U.S. after the federal government.

 “The hospitality industry is a $7 trillion industry worldwide. There is a lot of demand and a variety of opportunities in hospitality, which is why we developed this program.”

The first class for the program consists of 20 students who have a choice of three specializations: hotel, resort and club management; tourism management; and revenue, pricing, and data analytics management. Each specialization will involve a business core curriculum with students required to complete nine courses.

SHU is promoting this program by highlighting the potential career opportunities awaiting students. Citing statistics from the U.S. Bureau of Labor Statistics, SHU noted that job opportunities within hotel, resorts and lodging operations management are expected to experience an 8 percent growth through 2024, while operations research analytics are expected to see 30 percent growth during the same period. A 5 percent growth over the next six years is predicted in the food and beverage operations management side of the industry, while meeting and planning management is forecast to see 10 percent growth in this period.

“The most lucrative careers, at least upon graduation, are in the analytics side of the industry, but there are all kinds of jobs for all kinds of interests throughout the hospitality industry,” Chalykoff said. “And there are many that provide additional perks, such as the opportunity to travel.”

Courses will be conducted at SHU’s West Campus (the former General Electric headquarters), and internships will be available at the university’s 150-acre Great River Golf Course in Milford, which is home to the full-service restaurant Monty’s River Grille and the 3,000-square-foot Golf Pro Shop. The program will also have internship opportunities through SHU’s campus in Dingle, Ireland.

“There will be two required internships,” Chalykoff said. “We are currently working with a variety of companies to set up internship opportunities for students in the program.”

Other classes connected to this major include Management of Human Resources, Dynamics of Information Technology and Revenue Management and Pricing. Chalykoff acknowledged that hospitality and tourism frequently suffer when the economy goes into a tailspin, and the new program will take into consideration ways to keep business vibrant in the event of another recession.

“The required analytics course largely focuses on supply and demand and what actions to take in a slow or heated economy,” he said.

While SHU has no plans to expand this endeavor into a graduate program, he said the school would be watching the new undergraduate program to determine if this will be the next academic step. “If there is demand, absolutely,” he said.

Population, economic numbers point to Fairfield County outpacing rest of state

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From The Fairfield Citizen:

Connecticut may be losing population, but Fairfield County is gaining residents and much of that is coming from nearby New York City.

A recent study by Fitch Ratings of U.S. Census Bureau data shows that Fairfield County gained more than 2,500 residents in net migration from New York City from 2011 to 2015, including 1,038 from Bronx County. Fairfield County had positive net migration from each of the five New York City counties during that time span.

Overall, Connecticut gains a significant number of residents moving in from New York state each year, peaking with a 12,136 net migration in 2015.

The study also showed that Connecticut has lost population every year from 2013 and 2016. Fairfield County, however, has gained population each year, and had 949,921 residents in 2017, up from 942,865 in 2013. Hartford County, by comparison, saw its population fall from 899,765 in 2013 to 895,388 in 2017.

Joseph Fontana, an associate director in Fitch Ratings’ corporates group, was the lead analyst for the study. He said Fairfield County’s strengths, such as high personal income, wage growth and disposable income, should continue to make it a desirable destination for New Yorkers looking to relocate.

“There are strong underlying economic trends that will support growth in Fairfield County going forward,” he said.

Fairfield County’s low property taxes, relative to New York City and adjacent Westchester County, is another draw.“That’s a factor,” Fontana said. “People want to be in an area where they can avoid taxes as much as they can, especially with the new tax laws and their limited ability to deduct state and local taxes from federal taxes.

“Residential real estate (in Fairfield County) has been pretty good,” he said. “There has been strong growth in wages and median household income. That’s really driving the residential real estate market in Fairfield County.”

The southwestern part of the state has outpaced the rest of the state in other economic measures as well. The Danbury labor market area has the state’s lowest unemployment rate at 3.7 percent. The Bridgeport-Stamford labor market area has an unemployment rate of 4.4 percent, which absorbs towns with high rates, such as Bridgeport (6.4), Ansonia (6.2), Stratford (5.6) and Derby (5.5).

Millennial March

A growing number of millennials are fleeing the big cities in search of the traditional American dream of homeownership in the suburbs, the Fitch research shows. Older millennials who had previously shunned the suburbs in favor of the work-live-play aspect of the cities, are now seeking homes in the suburbs.

“Millennials are trying to strike a balance between commuting and affordability; and being away from the city, but not too far,” Fontana said. “The white-picket fence is a necessity to them, too, especially as their families grow. The dream of owning a home is not dead for millennials and Fairfield County has the comforts of a suburb, but with New York City proximity.”

Fairfield County also offers good schools, upscale shopping and a lower cost of living, compared to New York City, he said.

Jim Fagan, Cushman & Wakefield’s managing principal for the Connecticut and Westchester markets, has seen a similar trend. He said there is a large demographic of people between the life stages of graduating from college and starting a family. That population flocked to city apartments during that stage.

“That process is starting to mature. They moved into apartments 10 years ago and the birthrate was low for years, but now they are starting families,” Fagan said. “These families can’t afford to live in the city. If you’re in Manhattan and you have a few kids, you’re dead broke.

“Connecticut and Westchester are made for families,” he said. “There’s access to Long Island Sound, fantastic schools and all the amenities of a suburb close to New York City.”

Fagan said as the millennials move to Fairfield County the commercial real estate market will continue to improve. Fitch numbers show that Fairfield County has a vacancy rate of 23.6 percent, up dramatically from the 13.9 percent vacancy rate in 2007. It has climbed steadily over the years as the country recovers from the 2008 recession, corporations rethink their space requirements and technology reduces the need for many employees to have an office.

Fagan sees companies following their talented millennial workers out to the suburbs and taking space in office buildings throughout Fairfield County, particularly along major transportation lines.

Fontana said Fairfield County often represents a “flight to affordability” for companies looking to escape the high rents of New York City. Conversely, he said, many companies looked to New York City following 2008 as a place they believed to be a recession-proof area.

While slightly elevated from pre-recession years, New York City continues to enjoy a low vacancy rate of 8.3 percent. The city’s vacancy rate hit a post-recession high of 11.6 percent in 2009. The rate was 5.7 percent in 2007, according to numbers provided by Fitch.

Recession Recovery

The recovery from the recession has been stronger and faster in Fairfield County in comparison to the rest of the state. A look at population numbers show that every county in the state has lost population since 2013, except Fairfield. In addition to Hartford, Litchfield and New London counties have lost significant population.

It’s a good thing for the state that Fairfield County continues to gain population as it pays more than one-quarter of the state’s taxes, with a hefty amount of that coming from Greenwich. A strong Fairfield County economy is essential in keeping that money flowing north.

Fontana said the economic indicators appear strong in Fairfield County and he sees the momentum continuing in a positive direction.

“It’s a function of where we are in the cycle. We are nine or 10 years out from the start of the recession and things are positive,” Fontana said. “I see continued positive growth. A deceleration will come, though, but that’s normal.”

Fairfield Ranks 11th Among Nation’s Top 50 Safest College Towns

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First Selectman Mike Tetreau is pleased to announce that Fairfield has been ranked as one of the nation’s 50 Safest College Towns in America. Fairfield ranked #11 in 2018, up from #24 in 2017. Fairfield is only one of three Connecticut municipalities that meets the safe college towns’ criteria. West Hartford ranked #13 and Willimantic ranked #41.

First Selectman Tetreau said, “This high honor is a great testament to the exceptional job our Police Department performs day in and day out. It is also a wonderful way to recognize our two outstanding universities and their dedicated campus security, which, together with Fairfield’s finest, keep students safe and parents reassured.” 

Findings and Methodology 
In anticipation of the new fall semester starting for college students, SafeWise, a community-focused security organization, recently issued its third annual Safest College Towns findings. One of the key findings is that Fairfield and six other top 30 safest college towns are repeats from last year. According to SafeWise, “Today students (and parents) are looking for colleges that deliver academic excellence with a side of safety.” 

The safest college towns of 2018 were identified by SafeWise safety experts who analyzed the FBI’s most recent crime statistics to calculate the total number of crimes committed in America’s towns and cities with at least one accredited, academic institution of higher learning. To deem a college town “safe,” SafeWise zeroed in on violent crimes per 1,000 people for each city. From there, analysts weighed those numbers in relation to population numbers and other important factors. Finally, SafeWise identified relevant safety, security, and community outreach programs that help make each Safest College Town safe.

Fairfield Police Chief Gary MacNamara stated, “All the men and women of the Fairfield Police department, including our civilian staff and 911 telecommunicators, some of whom are parents ourselves, understand that when sending their students off to college a big concern is their safety. We are proud to be recognized as a safe college town. We are also proud of the partnerships we have with the public safety units at both universities. It is through these partnerships and dedication that we all make Fairfield a safe town for members of the University communities.”

Fairfield Ranked #11

According to its findings, SafeWise noted that “Fairfield has reason to celebrate its safe streets—this (town) jumped 13 spaces to rank number 11 this year.” Sacred Heart University, one of the town’s major universities, serves over 8,000 students with five violent offenses on campus in 2016.

“The safety of the members of the Sacred Heart community and our guests is always our top priority. We are excited that our safety policies and procedures, along with our strong partnerships with the Fairfield police and fire departments, have contributed to the town’s high safety ranking,” said Jack Fernandez, Director of Public Safety at Sacred Heart University. 

SafeWise also highlighted that, “Fairfield University’s excellent safety record adds to the sense of security in this college town and speaks well of both campus safety officers and the overall campus community.” 

Director of Public Safety at Fairfield University Todd Pelazza stated, “One of our top priorities at Fairfield University is the safety and security of our students, faculty and staff and we are thankful for the strong partnership with the town of Fairfield, and the members of the police and fire departments.”

Fairfield University Ranked Once Again Among Best Schools in the Country by Princeton Review and Money Magazine

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Money Magazine’s annual ranking places Fairfield among Top 100 Private Universities in the nation and Top 10 Most Transformative Universities. 

 Princeton Review again recognized Fairfield as a top-tier school and named Fairfield among the Top 10 schools for Best Quality of Life, Top 20 for Happiest Students, and among the Best in the Northeastern Region for Colleges That Pay You Back.

FAIRFIELD, Conn., (August 15, 2018) – Fairfield University has again been named among the best schools in the country in two major annual lists from Time’s Money Magazine and The Princeton Review.

Money Magazine’s annual “Best Colleges for Your Money” ranking places Fairfield among the Top 100 private universities in the country. 

Fairfield’s top 10 ranking for Most Transformative Colleges, which is “when a college helps students do far better than would be expected from their academic and economic backgrounds,” recognizes the institution’s commitment to holistic formation and places it as the highest ranking Jesuit university in that category.

“Princeton Review and Money Magazine continue to recognize Fairfield’s commitment to modern excellence as a values-based, student-centric, outcomes-focused institution,” said president of Fairfield University Mark R. Nemec, PhD. “Fairfield is continuing its strong rise as one of the leading private institutions in the U.S.”

Additionally, Fairfield is again among The Princeton Review’s annual “Best 384 Colleges,” as well as in the Top 10 schools – and the only Connecticut school in the Top 10 -- where students are considered to have the “Best Quality of Life.” The University is found in the Top 20 schools -- and the top school in Connecticut in the Top 20 -- to have the “Happiest Students,” as well as among the Best Northeastern schools and the best Colleges That Pay You Back.

In choosing the schools who make the Colleges That Pay You Back list, The Princeton Review used data collected from fall 2016 through fall 2017 from their institutional and student surveys and from PayScale.com on alumni career and salary statistics. Essentially, according to their methodology, “students who attend these schools don't have to mortgage their futures to pay for their degrees—and we believe they will graduate with great career prospects.”

According to Robert Franek, The Princeton Review’s Editor-in-Chief, the top 384 schools are picked primarily on “outstanding academics” and are highly recommended by the publication. The best regional schools, in which Fairfield is among the best in the Northeastern region, are also considered as those that are “academically outstanding.” Strong institutional and student survey data determined the rankings for Colleges That Pay You Back, which include academic rigor, affordability, and career outcomes for graduates.

SHU to offer undergraduate degree program in cybersecurity

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Sacred Heart University’s School of Computer Science & Engineering has created a bachelor’s degree program in cybersecurity that will debut with the fall semester.

According to the school, the program’s core courses will focus on cybersecurity concepts and skills, including incident response and risk management, web development in UNIX, intrusion detection and network forensics, malware analysis and reverse engineering. The curriculum conforms to the latest recommendations from the Joint Task Force on Cybersecurity Education in its recent version of Cybersecurity Curricula 2017 – Curriculum Guidelines for Post-Secondary Degree Programs in Cybersecurity.

“Students wanting to join the cyber workforce to protect our critical information, systems and infrastructure against cyberattacks will find this new cybersecurity program at Sacred Heart to be a rewarding and challenging experience,” said Sajal Bhatia, assistant professor and director of SHU’s master’s in cybersecurity program. “The program will focus on hands-on learning, with the help of traditional, lecture-based teaching.”

Kyber Security Ranked Among Top 501 Global Managed Service Providers by Channel Futures

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11th Annual MSP 501 Identifies World’s Most Forward-Thinking MSPs & Leading Trends in Managed Services. Kyber was ranked 225 out of the 501.

FAIRFIELD, CONN. (PRWEB) JULY 03, 2018

July 2, 2018: Kyber Security ranks among the world’s 501 most strategic and innovative managed service providers (MSPs), according to Channel Futures 11th-annual MSP 501 Worldwide Company Rankings.

The MSP 501 is the first, largest and most comprehensive ranking of managed service providers worldwide. This year Channel Futures received a record number of submissions. Applications poured in from Europe, Asia, South America and beyond.

In 2016 CONNECT Partners Inc. made its debut on the MSP Mentor 501 list at number 341. Last year we jumped to 284 and this year it is my honor to tell you we, as Kyber Security, have jumped again to 225...

As it has for the last three years, Channel Futures teamed with Clarity Channel Advisors to evaluate these progressive and forward-leaning companies. MSPs were ranked according to our unique methodology, which recognizes that not all revenue streams are created equal. We weighted revenue figures according to how well the applicant's business strategy anticipates trends in the fast-evolving channel ecosystem.

"In 2016 CONNECT Partners Inc. made its debut on the MSP Mentor 501 list at number 341. Last year we jumped to 284 and this year it is my honor to tell you we jumped again to 225. It is all thanks to my team for their hard work and dedication. Everyone should be very proud of this accomplishment." said Lynn Souza, CEO of Kyber Security.

Channel Futures is pleased to honor Kyber Security.

For the first time, Channel Futures will also name 10 special award winners, including MSP of the Year, CEO of the Year and one Lifetime Achievement Award for a career of excellence in the channel. 

The MSP 501 winners and award recipients will be recognized at a special ceremony at Channel Partners Evolution, held this year October 9-12 in Philadelphia, as well as in the Fall issue of Channel Partners Magazine.

“This year’s applicant pool was the largest and most diverse in the history of the survey, and our winners represent the health and progressivity of the managed services market,” says Kris Blackmon, Channel Futures content director and editor of the MSP 501. “They’re growing their revenue, expanding their customer influence and exploring new technology that will propel them for years to come.”

The full MSP 501 report, available this fall, will leverage applicant responses, interviews and historical data to identify business and technology trends in the IT channel. Highlights will include: 

  • Revenue growth and business models
  • Hiring trends and workforce dynamics
  • Business strategies
  • Service deliverables
  • Business tools and automation investments

The complete 2018 MSP 501 list is available at Channel Futures. 

Background

The 2018 MSP 501 list is based on data collected by Channel Futures and its sister site, Channel Partners. Data was collected online from Feb. 28 through May 31, 2018. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, growth and other factors.

About Kyber Security

Kyber Security is a boutique Managed Security Services Provider (MSSP) that is dedicated to protecting your business from ever increasing cyber threats. Our managed security services can be customized and coutured to fit your company’s unique cybersecurity needs, budget and compliance requirements. We can work with your already existing IT team to provide the security expertise they most likely do not have, or augment your current IT security team. Our focus on cybersecurity means that our sole priority is making sure your business is protected from, and prepared for, the next big cyber-attack.

About Informa

Channel Futures, Channel Partners Online, Channel Partners Conference & Expo and Channel Partners Evolution are part of Informa, the international business intelligence, academic publishing, knowledge and events group. Informa serves commercial, professional and academic communities, helping them connect and learn, and creating and providing access to content and intelligence that helps people and businesses work smarter and make better decisions faster.

Informa has over 10,000 colleagues in more than 20 countries and a presence in all major geographies. It is listed on the London Stock Exchange and is a member of the FTSE 100.

Fairfield’s Coveted AAA Rating Reaffirmed - Bond and Note Sales Successful

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First Selectman Mike Tetreau is pleased to announce that on June 28, 2018, the Town successfully issued a bond sale of $17,025,000 at 2.94 % and a ban sale of $7,410,000 at 1.64%.

First Selectman Tetreau also announced that the nation’s top rating agencies—Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings—have reaffirmed the Town’s AAA rating and stable outlook status. 

Key highlights of the Rating Agencies’ assessments on Fairfield include: 

  • “Very strong management” - S&P
  • “History of strong operating performance” - Moody’s
  • “The bond ratings reflect expectation for Fairfield to maintain healthy financial flexibility throughout economic cycles, consistent with a strong operating performance and budget controls.”- Fitch
  • “Careful expenditure management combined with moderate tax rate increases and conservative financial forecasting has led to growth in reserves.” - Fitch
  • “Strong budgetary flexibility and very strong debt and contingent liability
  • position” - S&P

First Selectman Tetreau further noted, “Fairfield is one of only four Connecticut towns with AAA ratings from all the nation’s top three rating agencies. I am delighted with the highly successful outcome of the bond and note sales. The low interest rates that we have achieved speak to the Town’s fiscal prudence and sound financial management and allows for funding essential projects at these low rates which save Fairfield taxpayers a significant amount of money over the long term.”

Chief Fiscal Officer Robert Mayer stated, “Given current market conditions, our sale was very successful. I would also like to note S&P upgraded the Town’s Financial Management Assessment (FMA) rating to the highest score S&P gives. Only approximately one-third of the AAA rated towns in Connecticut have S&P’s highest FMA rating. I would like thank my staff for their diligence and hard work which led to this significant achievement.” 

Matthew Spoerndle, Senior Managing Director at Phoenix Advisors, LLC, said, “The outstanding results of the sales directly reflect, among other factors, the strength of the Town’s financial position. In particular, the strength of the town’s financial management has made it easy for the rating agencies to maintain their highest ratings (AAA) on the Town.”

SHU Game Design Program Ranked Among East's Best

  Students in the Motion Capture Lab

Students in the Motion Capture Lab

Sacred Heart University’s game design program has been recognized as one of the top 25 on the East Coast. The ranking came from Animation Career Review, an online resource for people considering careers in animation, game design, graphic design, digital art and related fields.

Students studying game design and development at SHU gain a foundation in programming languages, problem-solving techniques and computer ethics. They are taught the game-creation process, game-play theory, fundamentals in computer graphics, components of animation and how to thrive as part of a multi-disciplinary team.

“This ranking reflects the support our program receives from the University and its director,” said Robert McCloud, associate professor of computer science. “In the game development program, we want to improve every year, and we look for ways to expand our program.” 

Since 2012, Animation Career Review has ranked schools’ game design programs based on academic reputation, admission selectivity, depth and breadth of the program, geographic location, and value as it relates to tuition and indebtedness.

Sacred Heart University: Engineering Program Partners with Virtual Fitness Company

 SHU Engineering Professor and Program Director Tolga Kaya and Kinima co-founder Renee Migdal look on as engineering students Gabe Bitencourt, Henry Sinclair and Nate Barone create workout videos as part of an internship in the maker space at West Campus.

SHU Engineering Professor and Program Director Tolga Kaya and Kinima co-founder Renee Migdal look on as engineering students Gabe Bitencourt, Henry Sinclair and Nate Barone create workout videos as part of an internship in the maker space at West Campus.

Sacred Heart University engineering students are helping to perfect technology for Kinima Fit, a virtual fitness trainer, at SHU’s West Campus

Recently, a few rising sophomores were in the makerspace (an open lab where people explore, tinker and invent) with Renee Migdal, Kinima Fit’s co-founder. Surrounded by drones, LEGO creations and equations scrawled on white boards, students ducked behind computers and consulted with each other as one of their peers tested the fitness technology with exercise movements in front of a green screen.

Kinima, which means movement in Greek, is a free-form exercise platform that uses technology to bridge the gap between personal trainers and fitness classes. The artificial intelligence, which tracks exercise repetitions, effort and calories burned, has been on the market for a year and can be found in high-end gyms and facilities, according to Migdal.

The fitness station, or computer, converts to a mirror, tracking the user’s movements and giving exercise cues and real-time feedback. “Students are testing and creating new features,” said Migdal, adding that SHU athletes have tested the fitness trainer and provided suggestions, which improves the technology.

Migdal learned about SHU’s engineering program after visiting its booth at the Maker Faire Westport in April. As she spoke with Tolga Kaya, associate professor of computer engineering, they realized the mutual benefits of a partnership in which students would apply their skills to an actual business.

“I’m really impressed by it all,” said Migdal. “This whole set-up here in the makerspace is great, and the team has an impressive range of skills.”

Kaya said he and his students didn’t think they would come back from the Maker Faire with an industry connection; it just happened organically.

On that Thursday morning, sophomore Gabe Bitencourt performed an exercise in front of the green screen and camera. Once the motion was recorded, sophomore Henry Sinclair edited the content to ensure it remains consistent throughout the training software.

“It’s definitely eye-opening,” said sophomore Nate Barone, who was working on a spreadsheet and identifying various exercises for different parts of the body. “It’s been interesting. It’s a different dynamic than what we’re used to. We’re getting real-world experience.”

 Kinima co-founder Renee Migdal 

Kinima co-founder Renee Migdal 

Choose Fairfield CT Website launches with Press Release

Fairfield launches website to attract businesses

Fairfield, CT - As part of its ongoing efforts to attract new business investment, the Town of Fairfield has launched www.choosefairfieldct.com, a new mobile-responsive website for businesses interested in learning more about what Fairfield has to offer.

Fairfield First Selectman Mike Tetreau stated, "A diverse business portfolio is essential to Fairfield's continued economic well-being. While we are extremely fortunate to have a strong and vibrant business base, our goal is to attract more business investment and to grow the grand list. We invite outside business leaders to discover for themselves what our Fairfield business community already knows—that Fairfield’s strength is its people and this coupled with our two outstanding universities, superb quality of life and location make Fairfield a sound choice for business.”

Fairfield Economic Development Commission Chairman Kevin Lesko, a Fairfield business owner himself, commented, “Developing a new, externally focused website to serve as a marketing and business recruitment tool has been a top priority of the Commission and was identified as a key action step in our recently completed Economic Development Plan. Additionally, this new website is a terrific complement to our work with our ‘Fairfield County 5’ partners to attract new businesses to Fairfield County.”

This new initiative has been in the works for several months, according to Mark Barnhart, Fairfield's Director of Community and Economic Development with input from the Economic Development Commission, the Fairfield Chamber of Commerce and local business leaders. “Research shows that websites are a very important marketing tool for business recruitment, particularly in the early stages of a search process.” Barnhart stated. He continued, “We intend to follow the website launch with a marketing campaign targeted at companies that are actively seeking or exploring options, particularly small to medium sized companies that we think might be a good fit for Fairfield.”

The website features key statistics about Fairfield and video testimonials from several business leaders discussing the quality and depth of the talent pool, relationships to local universities and what it means to live and to operate a business in Fairfield. First Selectman Tetreau observed "Sacred Heart and Fairfield Universities as well as our business community are important partners in this initiative and essential to our long term success. In addition to both universities, we would like to thank Cindi Bigelow, David Ives and Lynn Souza for their time, invaluable input and participation in the video interviews,’ he stated. The Town selected a Fairfield-based marketing firm, Designsite, to develop the new website. Mr. Barnhart commented, “Michael DeMartin and his team did an outstanding job and were extremely responsive to our needs. I also wish to thank Joe and Caroline Vella at Vella Interactive for their videography and copywriting expertise. Finally, I would like to recognize Fairfield resident and retired business executive, Don Irion, for his wise counsel and able assistance in seeing this project through to completion.” 

Designsite is an award-winning, full service digital agency, based in Fairfield CT. For more information on their services, visit their website at www.designsite.com or contact Michael DeMartin at mdemartin@designsite.com.

Bigelow Tea becomes Benefit Corporation

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Bigelow Tea is proud to announce the recently attained distinction of becoming a Benefit Corporation. The family company is the #1 Specialty Tea market leader, manufacturing "Constant Comment"® and more than 150 tea varieties sold nationwide. Now officially registered as a Benefit Corporation, it is one of a select group of companies that has designated corporate social responsibility as a core business goal in the pursuit of a positive social and environmental impact.

This type of business structure legally formalizes corporate social responsibility in for-profit organizations. Being a Benefit Corporation codifies a company’s commitment to all stakeholders, including employees, customers, vendors and distributors. The legally defined goal of a Benefit Corporation is to use the business for a general public benefit and to have a positive impact on the environment and society.

The mission and vision of family-owned Bigelow Tea, that today employs more than 400 people, made it an ideal candidate for incorporation as a Benefit Corporation, now authorized in 33 states and the District of Columbia.

"Our purpose has always been about much more than making profits and making tea, so the more I learned about Benefit Corporations, the more I knew this was something I truly felt captured the spirit of our company -- a company that is inspired by more than just making a profit," Cindi Bigelow, third generation President & CEO said. "Clearly, we need to maintain strong profitability, but we should never lose sight of the fact that we also need to focus on doing good things with the power we hold inside this company."

Bigelow Tea has long prided itself on its environmental, sustainability and community programs, including charitable initiatives centered around the Bigelow Tea Community Challenge, an annual road race that has contributed $1.5 million to local non-profits over the past 30 years.

"Ever since my grandmother Ruth Campbell Bigelow began our family company 75 years ago, social responsibility has been part of our DNA," Bigelow said. "We have always believed that ethical leadership isn’t about just what we do every day. It’s about taking Corporate Social Responsibility seriously. We’re committed to good citizenship, ethical business practices, protecting the environment, sustainability, and supporting our communities."

To qualify as a Benefit Corporation, Bigelow Tea leadership completed an extensive assessment report that required hundreds of hours of research and documentation, showing how the company met the established objectives in five specific areas: governance, employees, environment, community and customers.

"What was so exciting to uncover was that, by doing the very things that had been written into our mission statement over 30 years ago, we were already meeting the requirements," Bigelow said. "In fact, our score exceeded the benchmarks."

The Board of Directors amended Bigelow Tea’s Articles of Incorporation to include a statement reflecting the unanimous desire to become a Benefit Corporation and ensure that in addition to profit-making, Bigelow Tea leadership will pursue goals that benefit the community in tangible ways.

"To me, ethical leadership has always been about more than what we do every day, it also means thinking about the long term and ensuring we are doing the right thing for our future," Bigelow said. "It means constantly working on creating an environment where we all feel motivated to be the best we can possibly be. Becoming a Benefit Corporation redoubles our long-standing efforts and helps everyone understand that we need to take corporate responsibility extremely seriously."

About Bigelow Tea Company

Based in Fairfield, CT and 100% family owned, the Bigelow Tea Company pioneered the specialty tea category 75 years ago. The three-generational company takes pride in its heritage and successful growth from a one-product, entrepreneurial venture into America’s leading specialty tea company. Producing 2 billion tea bags annually, the Bigelow Tea line includes more than 130 varieties of Flavored, Traditional, Green, Organic, Herbal, Decaffeinated and Wellness teas – including its flagship specialty tea flavor, "Constant Comment"®, an all-time American favorite.

In 2003, the company purchased and restored the Charleston Tea Plantation, a 127-acre American tea plantation located on Wadmalaw Island, just south of Charleston, South Carolina. It is here where hundreds of thousands of ancestral tea bushes that go into the making of Charleston Tea Planation teas are grown and cultivated without pesticides, herbicides, fungicides or insecticides. The Charleston Tea Plantation has become a "must see" destination for more than 70,000 travelers from around the world who visit annually to learn how tea is grown and harvested, and sample products made from tea grown on the premises.

Bigelow Tea products are available nationwide. Tea lovers and enthusiasts can also enjoy sharing entertaining stories and facts by visiting Bigelow Tea (bigelowtea.com), the Bigelow Tea Blog (www.bigelowteablog.com), Facebook www.facebook.com/bigelowtea), Twitter (www.twitter.com/bigelowtea), Pinterest (www.pinterest.com/bigelowtea) and Instagram (www.instagram.com/bigelowtea).

Medical device manufacturer Convexity Scientific happy to call Fairfield home

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Stamford may get most of the headlines these days when it comes to tech firms, but the minds behind health care device manufacturer Convexity Scientific are quite content with their home in Fairfield, thank you very much.

The company, which recently unveiled its first device – the pocket-size Flyp nebulizer for treatment of pulmonary conditions, including asthma and COPD — planned on being in the town from its 2014 inception, said CEO James Daniels at its 418 Meadow St. office.

“We’re within walking distance to the train, which gives us better access to talent north to New Haven and south to New York City,” Daniels said. “That’s a huge plus.”

The proximity of life science investors in the area, many of whom are now on the company’s board, was also a factor, Daniels continued. “The real estate value of where we are is exceptional, and the talent in this area is excellent as well — this is really the optimal place for us to do what we’re doing,” he said.

What Convexity is doing is trying to provide patients “with better options” for health care providers and patients “to make it easier to pursue a healthier life,” Daniels said. “And with the Flyp we’re trying to improve the health and well-being of asthmatics and people with other respiratory issues.”

Daniels — whose resume includes being president and CEO of High Ridge Brands, the $375 million personal care company in Stamford whose portfolio includes Zest, VO5, and Coast soap — was a Westport neighbor of Dr. Ralph Finger, whose background includes serving as an attending physician at such organizations as Northwell Health and Lenox Hill in New York.

“He was very connected to all kinds of pulmonary issues,” Daniels said, “and his daughter was born with an asthmatic condition.”

Over what the CEO said were “a few scotches,” they began discussing starting the new company, with the seeds of what would become Flyp already in Finger’s mind. Along with another neighbor, Paul Reiferson, the trio co-founded Convexity, with Finger as chairman, Reiferson as executive managing director and, in 2017, Daniels as CEO.

Flyp — which once had a more mundane moniker until Daniels, with his branding background, suggested the more “consumer-friendly” name — after having received FDA 510K marketing approval, was debuted in March at the Medtrade conference and expo in Las Vegas to general acclaim. Convexity is now rolling it out to consumers at a retail price of $275 — its website lists it at $199 — with plans to expand across the country and, according to Chief Commercial Officer Geoff Matous, eventually overseas.

In addition to developing its own medical devices, a number of which are already in the pipeline, Daniels said Convexity’s growth will be realized through licensing products and M&A.

“We’re not confining ourselves to medical devices,” he stressed. “We see a broad range of opportunities in the health and wellness space.”

And the company appears to have the resources to do just that. In early March it announced that it had closed an equity investment in a round led by Connecticut Innovations, Benslie Ltd. and Stonehenge Growth Capital. Kevin Crowley, managing director of investments at Connecticut Innovations, and Jared Talisman, a member of the growth capital team at Stonehenge, are both Convexity directors.

Convexity will use the funding to accelerate go-to-market activities with a significant expansion in sales hires and marketing efforts. Daniels said the company currently numbers nine employees. “We’re a small band of brothers,” he said, “but we’re looking to expand.”

Reprinted from Westfair Online

Fairfield Ranked as one of best 5 cities in Connecticut to start a business

 Photo by lien/flickr

Photo by lien/flickr

Fundera lists Fairfield as one of the 5 best cities in Connecticut to start a business. Following is an excerpt of their article

When you think of Connecticut, you might think of fall foliage, Gilmore Girls, big casinos, Mark Twain, Mystic Pizza, Yale University, country clubs, and commuters (and, if you’re Senator Chris Murphy, pizza to rival New York’s City’s). You might not think of Connecticut as a great state to start a small business—but you absolutely should. 

Other than its convenient proximity to major cities and lush green suburbs, Connecticut has a lot to offer potential entrepreneurs. At 3.4%, Connecticut’s total effective business tax rate is the lowest in the United States, but its highly skilled workforce is the third-most educated in the nation. Plus, Connecticut is famous (or infamous) for harboring some of the world’s most lucrative hedge funds and, relatedly, 16 billionaires as of 2018. That’s a lot of wealth in one tiny state (although it’s important to note that  income inequality in Connecticut is at an all-time high.)

Local business is incredibly important in Connecticut: Small businesses make up 97% of Connecticut’s total businesses, and employ almost half of the state’s private workforce. And Connecticut takes small-business promotion seriously, offering a range of state-specific small business financing programs and Connecticut tax incentives that encourage business investment.

What does all that boil down to? Connecticut is a promising state in which to start a small business—but where should you do it? Out of 169 towns and cities in the state, we found the five best cities in Connecticut to start a small business. Here are our rankings, our methodology for how we sorted through the data, and more on of why these five Connecticut cities are ideal for entrepreneurs looking to start a new venture.   


5. Fairfield

Fundera Score: 2.6

Key metrics

  • 62.3% of population have bachelor’s degree or higher (#1 on list)
  • 1.46% recent job growth rate (among list’s highest)
  • 3.8% unemployment rate (among state’s lowest)

Fairfield is situated right at the top of Connecticut’s “Gold Coast,” named for this region’s high concentration of wealth. No surprise, then, that Fairfield boasts the highest median household income on this list ($122,135). Overall, though, the cost of living in Fairfield is much lower than its pricier neighbors.

This New York City suburb is easily accessible to commuters, so it’s a draw for families, weekend warriors, and those with the budget for second homes. Fairfield also has a thriving downtown with shops, restaurants, live theater and outdoor concert venues, several arts centers, public libraries, museums, beaches, and marinas.

Fairfield is home to the Fortune 500 companies GE and Bigelow Tea, but it’s a college town, too, with Fairfield University and Sacred Heart University in the vicinity. Thanks in part to these stalwarts feeding its economy, and boosting its spending population, Fairfield is growing: Among other real estate projects, a new mixed-use development, planned to build 160 apartments and 22,000 square feet of ground-floor retail space, will break ground this year. 

The town offers support and incentives to small business owners, too. Fairfield’s Micro-Enterprise Assistance Program offers entrepreneurs and small business owners with “training, technical assistance, and start-up capital needed to create and sustain viable and productive small businesses in Fairfield.” All new or existing small businesses that employ five or fewer employees and which operate in Fairfield are eligible to apply.

The town’s Office of Community & Economic Development also offers support to small business owners, both in establishing new businesses and in promoting and improving small businesses after opening. The office puts on Shop Local Events like sidewalk sales, Restaurant Week events, and seasonal shopping events, and workshops for small business owners. Additionally, Fairfield County SCORE Chapter has a location in Fairfield.

TVEyes introduces new level of media monitoring

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Following is an article published in the CT Post:

In the media monitoring industry, David Ives said offering his clients next-level tracking capabilities is key to success.

It’s been four years since Fairfield-based TVEyes moved its headquarters to a former print shop at 1150 Post Road. In that time, Ives, who founded the company 19 years ago, said growth on all fronts has been the primary focus.

The biggest change has come by way of product offerings, Ives said, with the business taking its tracking capabilities to a new level.

“For 19 years, we’ve primarily been a word-spotting company,” he said, but today the media monitoring company allows subscribers to track spoken words, as well.

TVEyes’ online search feature, which launched in January, includes monitoring for topics of interest in popular media specifically featured on platforms including YouTube and podcasts, as well as its traditional tracking of television broadcasts.

“We are tracking the most popular content … videos that have been seen by a million or more people,” Ives said. “This is super powerful because some videos go viral, and if they say something good about your brand, that’s awesome.”

With a keyword, a user can keep tabs on how many times a given term has been mentioned around the world in real time. The service then takes it a step further by transcribing video and logging when the topic was discussed for later review.

Other products recently released include logo detection software, which allows users to spot a company logo in a commercial, video or in the background of a newscast or sporting event. TVEyes also offers advertising monitoring that keeps tabs on ads featured on all U.S. stations under the service’s coverage.

“We’re able to basically, in real time, tell you where an ad is running and estimate what it cost to put it there,” Ives said, adding that the service has become a hit with political campaigns.

“They want to know how much their opponent is spending and where they are spending it,” he added.

Spreading the word

Since starting the business in his basement a mile from his current headquarters, Ives said TVEyes has grown to 25 employees with plans of hiring another six employees this year.

“The last few years, word of mouth has really exploded our business,” Ives said.

The broadcast-monitoring businesses allows users to keep tabs of coverage in more than 1,400 markets globally. The growing industry has been a popular tool for politicians, CEOs, celebrities and anyone looking to keep track of topics of interest in the media.

TVEyes has almost 4,000 direct customers along with partnerships overseas; the company operates in 15 countries in 12 languages. Through those partnerships, indirect users boost its customer count above 10,000, Ives said.

The business has worked with the last three presidential administrations, Ives said.

“Politicians, more than anyone, have to follow those good and the bad stories,” Ives said. “Every station plays the story differently, so what happens is when you have a news story whether it’s good or bad, you’re going to get it presented differently on one channel versus another one, and even internationally how Al Jazeera plays it or how BBC plays it is important.”

Legal troubles 

Along with growth, the past few years have also been marked by a legal dispute with Fox News, whose parent company sued over what it said was TVEyes’ improper use of its broadcast material.

In February, the U.S. Court of Appeals for the 2nd Circuit ruled in favor of Fox News, which argued the service exceeded the boundaries of fair use and would ultimately damage the company’s bottom line.

Professor William Yousman, of Sacred Heart University’s School of Communications and Media Arts, sees the lawsuit as part of a trend of media corporations attempting to safeguard as much of their profits as possible by cracking down on monitoring services.

“Fox is the one that brought the lawsuit, but I am sure the other news (outlets) that they provide access to are watching this very carefully and they are probably happy with the outcome,” Yousman said. “I think it needs to be put in the larger context that for years now corporations have been attacking fair use, and they’ve been trying to really limit what is considered acceptable use of copyrighted materials as a business strategy.”

Yousman said Fox News prevailing in its case against TVEyes could pose problems down the line. To a company that relies on incorporating video clips in its tracking services, a court cracking down on or even barring the use of archived videos could be crippling to a business like TVEyes, as well as damaging to users who rely on tracking services for their jobs, research or for managing their brands.

Ives declined to comment about the case, stating it was an ongoing legal issue, but he said TVEyes would continue offering services while the issue is decided in court.

“The value that we bring to our customers is well understood, and our customers understand that this is a requirement to do their jobs. Anyone in public relations and crisis relations has to have this capability, so it’s not going away,” he said.

Fairfield Ranks High with College-Educated Millennials in National Report

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According to a recent report from the Brookings Institution, a public policy organization based in Washington, DC, Connecticut ranked 5th among states with the highest percentage of college educated millennials. Moreover, the metropolitan region that includes Fairfield ranked 11th among the largest metro areas, with roughly 46% of millennials aged 25-34 having earned college degrees. The Boston-Cambridge metro area topped the list with more than 58% of millennials having a four-year college degree. Why is this important? The reports highlights one of the Town’s greatest assets. Home to two nationally recognized universities and featuring a deep talent pool, Fairfield’s highly educated and productive workforce is attractive for further economic development in town.

Other stories featured below include Fairfield University's plans for its annual entrepreneurship event, Ballroom Dance Sport Center receives micro-enterprise grant, the Connecticut Small Business Development Center (CTSBDC)’s website revamp and an update on the Ash Creek pedestrian bridge. 

The Department of Community & Economic Development provides a range of services and programs to help establish businesses in Fairfield and offers ongoing support. Let us know how we can better help your business thrive in Fairfield. Drop us a note here.

New Businesses Sign Leases At Commercial Building In Fairfield

The new businesses will bring the building to 100 percent occupancy, realtors announced.

FAIRFIELD, CT — Two new businesses have signed leases to bring the industrial/flex/office building located at 418 Meadow Street to 100 percent occupancy, Jon Angel, President of Southport-based Angel Commercial, L.L.C., announced in a press release.

"This is a noteworthy accomplishment, and demonstrates the continued strength and appeal of Fairfield as a premiere business location," Fairfield Economic Development Director Mark Barnhart said.

Angel, who represented the landlord in both transactions, said "Our firm recently executed the sale of the building to the current owner, Julian Enterprises."

The two new tenants are Convexity Scientific Inc. who leased 3,072 square feet of space for their new headquarters, and Wise Language Services, LLC who leased the remaining 1,775 SF, according to the press release.

New to Fairfield, Convexity Scientific Inc. is a life sciences company committed to bringing the best user experience to patients through its innovative design and distribution strategies. Its first medical device, a handheld nebulizer used to treat respiratory diseases, was recently cleared by FDA. They were represented by Newmark Grubb Knight Frank.

Wise Language Services provides tutoring and ACT/SAT prep classes in Ridgefield, Fairfield and Newtown. They were represented by Angel Commercial, LLC.

(Reprinted from Fairfield Patch by Vincent Salzo)