cbiaCompany Outlook 111517HARTORD: The Connecticut Business and Industry Association has asked its members, are they optimistic or pessimistic about the outlook for their firms?

The answers are to be found in the group's 2017 Third Quarter Economic and Credit Availability Survey.

There is some good news and not so good news as reported by respondents, both the percentage of business expecting improved conditions and those with a negative outlook rose in the third quarter. The survey shows significant increases over the previous quarter in both the percentage of firms reporting an improved outlook and those expecting worsening conditions.

Thirty-seven percent of survey respondents see improved conditions for their firm, up from 29% in the second quarter. However, 24% predict worsening conditions, a 10-point jump from the last quarterly survey. Forty percent forecast stable conditions, down from 57%.

"We found that several respondent groups are outperforming the norm on growth for their firms over the next three months," CBIA economist Pete Gioia said.

valley foundationlogoDERBY: The Valley Community Foundation (VCF) announced $881,000 in new grants to to 11 organizations. The foundation said “this is the largest multi-year grant commitment in VCF’s history, adding. with governmental budgets in flux and an ever-growing need for services, there has never been a more important time for VCF to support organizations committed to this region.”

A tight state budget was cited by New Haven’s Community Foundation as well.

A valley Foundation release said, “many of these local nonprofits are currently challenged by both state and federal budget crises, which are projected to have a short and long term effect on services.”

Grants were awarded through VCF’s responsive grantmaking cycle, which is done with its partner in philanthropy, The Community Foundation for Greater New Haven (TCF). The program is funded by a generous annual grant from TCF’s Gates and field of interest funds, as well as VCF’s unrestricted and field of interest funds.

Additionally, some of VCF’s donor advised fundholders contributed from their funds to help make these grants possible. The funds included support from the Agape Fund, the Salvatore and Linda Tiano Coppola Family Fund, the Mary Fund, the Sally and Dominick Thomas Fund, the John Tyma Fund, the Warichar Family Fund, and the John and Laura Zaprzalka Family Fund.

The following is a list of the 2017 VCF Responsive Grant recipients:

Boys & Girls Club of the Lower Naugatuck Valley: to provide general operating support for cultural, recreational, physical, and educational programs to Valley youth. $120,000

Central Connecticut Coast YMCA: to provide general operating support for the Valley YMCA programming that builds healthy spirit, mind, and body for Valley residents. $90,000

 

Griffin Hospital: to support the update of radiation oncology equipment at the Center for Cancer Care. $25,000

Housatonic Council, Boy Scouts of America: to provide general operating support for scouting programs for Valley youth. $100,000

Literacy Volunteers of Greater New Haven: to provide general operating support for adult literacy tutoring in Greater New Haven and the Valley. $60,000

Massaro Community Farm, Inc.: to provide general operating support to maintain a historic farm using organic practices, to provide fresh produce to the needy, and to build community through farm-based education and events. $60,000

Online Journalism Project, Inc.: to provide general operating support for The Valley Independent Sentinel. $120,000

Salvation Army, Greater Valley Corps: to support the Emergency Assistance program which includes a Client Choice Food Pantry, Bread and Pastry Program, Thanksgiving food distribution, Back-to-School backpack distribution, clothing and furniture vouchers, and rental and utility assistance. $60,000

Shelton Economic Development Corporation: to provide general operating support to advance the economic development and public welfare of the City of Shelton. $10,000

Shelton Historical Society, Inc.: to provide general operating support for the preservation of items of Shelton's history, educational programming and the maintenance of a museum and its collections. $34,000

TEAM, Inc.: to provide general operating support for multigenerational service delivery system focused on support services, early childhood, and elderly services. $160,000

Valley Council for Health and Human Services: to support the establishment of a Valley Food Bank Network that will raise awareness of food insecurity in the Valley, implement best practices amongst Food Pantries, enhance services/outcomes for individuals accessing these Food Pantries, and galvanize increased community-support toward the work of established Food Pantries. The Valley United Way is acting as the fiscal sponsor. $42,000

For more information about VCF’s grant programs, please call 203-751-9162, or visit our website at www.valleyfoundation.org.

HARTORD: The Connecticut Business and Industry Association has asked its members, are they optimistic or pessimistic about the outlook for their firms?

The answers are to be found in the group's 2017 Third Quarter Economic and Credit Availability Survey.


Both the percentage of business expecting improved conditions and those with a negative outlook rose in the third quarter.
The survey shows significant increases over the previous quarter in both the percentage of firms reporting an improved outlook and those expecting worsening conditions.

Madden Thomas StamfordStamford - innovating since 1641: Over $6 billion in new residential and commercial development 

By Thomas Madden

The City of Stamford leads the rest of Connecticut with over $6 billion in new residential and commercial development. This development supports the strong and diverse commercial, industrial and retail business base. Stamford enjoys a high concentration of corporate headquarters of Fortune 500 and 1000 companies that contribute to the daytime population of 200,000, and that take advantage of the city’s growing pool of young talent within the 25-35 age range. Residents enjoy a high quality of life  including good schools, a broad array of public services, attractive parks and recreational activities, and a safe living environment. In this regard, the city has been consistently ranked as one of the safest cities in the United States by the FBI; based on 2016 crime data, Stamford was ranked the 12th safest city with a population over 100,000 in the country.

ginsberg
Foundation's Ginsberg: "the ugly and divisive mood that pervades the country,”

NEW HAVEN: The Community Foundation for Greater New Haven releasesed a list of 46 grants it has awarded as it closes 2017. The organization said the funds "provide suppoirt amid 2017's unprecedented challenges. Citing changes on the federal level and the tight Connecticut budgetm, the total granted exceeds $3 million. [ see grantees and amounts below

William W. Ginsberg, President & CEO of The Community Foundation for Greater New Haven, said “our community’s most vulnerable residents and the nonprofit sector that supports them are facing unprecedented challenges as a result of the state budget, new federal policy directions and the ugly and divisive mood that pervades the country,” adding  “throughout 2017, The Foundation has worked with nonprofits, donors and others to understand their new challenges and to address them. These grants are part of The Foundation’s response to these unique times.”