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Almanac
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Business New Haven
3/23/1998
By: BNH
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Oil's Well That
Ends Well?
The U.S. Environmental Protection Agency has begun a three-month cleanup of contaminated waste oil, wastewater and other dangerous chemicals at the National Oil Services site on the banks of New Haven Harbor in West Haven. From 1982 to 1994, National Oil Services operated a waste oil receiving facility on the western shore of the West River, where the company stored oils in above- and underground storage tanks. The site is now abandoned. The EPA is moving to remove oils and chemicals from the property to reduce the risk to an adjoining neighborhood and nearby grammar school. Cost of the cleanup is estimated to be $1 million.
Biomed Grows Big-Time
A new report card on the state's biomedical research industry shows a 12-percent increase in industry employment to more than 9,000 in 1997, as well as an 11-percent hike in research-and-development spending, to more than $1.8 billion dollars. The study, released last week by Connecticut United For Research Excellence (CURE) notes that the state's four pharmaceutical companies experienced the largest growth, with more than 500 jobs added and a total of $1.4 billion in research spending. The CURE report also notes, however, that a shortage of lab space endangers the growth of the biomed industry in the state.
More of a Good Thing
Due to customer demand, the Regional Workforce Development Board is expanding the operating hours of its Connecticut Works One-Stop Center. The facility serves business in need of assistance with workforce development and recruitment, as well as individuals seeking new career opportunities. Henceforth it will be open until 8 p.m. each Wednesday. The center has available computers, a phone bank, fax machine, copiers and extensive job search and business development resources. Call 624-1493, ext. 210 for particulars.
Knicker Knack
In the Another-One-Bites-the-Dust Dept.: The 137-year-old Strouse-Adler Co. of New Haven, which manufactures women's intimate apparel, will be sold to the Sara Lee Corp. for $21.5 million, the companies announced earlier this month. The firm, which employs 200 workers, at one time manufactured whale bone corsets, and at the turn of the century employed as many as 2,000 workers. Strouse-Adler will be folded into Sara Lee's Playtex Apparel Division.
Sounding the Alarm
Alarmguard Holdings Inc. of Orange has signed a $26.5 million agreement to purchase the Massachusetts-based Sentry Protective Systems. Alarmguard sells and installs fire and burglar alarms and provides security monitoring. In the past year it has spent some $30 million to purchase or merge with five other alarm companies. AlarmGuard currently has about 70,000 subscribers.
'Soft' Money?
The arts are big business in Connecticut. At least, that's what the Connecticut Commission on the Arts says. The group reports that the arts provide more than 30,000 jobs statewide and generate a total economic impact of $1.36 billion annually. In the Third Congressional District, cultural organizations spend about $108 million a year, and generate a total income of $106.5 million from 5.2 million admissions to museums, theaters, concert halls and galleries.
154 Rms Hrbr Vu
New Haven's lodging picture just gets rosier and rosier. Newest entrant on the scene: the Grand Chalet Inn & Suites at 400 Sargent Drive, site of the former Howard Johnson's Motor Inn. The facility houses 154 rooms, including 55 executive suites, plus three meeting rooms, restaurant and lounge. Amenities include a fitness center, outdoor pool, data port phones, voice mail, free shuttle service and a VIP Club. Rates for lodging at the Grand Chalet, scheduled to open in the coming week or so, range from $99.70 to $74.70.
Heart to Heart
The Yale Cardiology Network and CardioNet of Connecticut, LLC have consolidated into a single statewide entity. The network, said to be the first of its kind in the state, will operate under the name Yale Cardiology Network. More than 90 university- and community-based physicians, cardiologists and cardiac surgeons are members of the group, which has locations throughout the state. The network is actively seeking contracts with HMOs and insurers to provide cardiovascular care to enrolled populations.
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