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Financially Strapped Pequots Make Small Investment in Southern Casino
MASHANTUCKET: The northeast’s crowded casino market is motivating the Mashantucket Pequots, owners of Foxwoods Casino to look south for growth, announcing it is developing a “Foxwoods” branded casino at Biloxie Point in Biloxi Mississippi.
The new partnership is announced as dirt is being cleared for three Casinos in Massachusetts, the tribe lost its bid to build in Massachusetts in part because of concerns by some in the Baystate that the Pequots wouldn’t be competitive enough with their Connecticut casino.
A recent Quinnipiac University poll of Connecticut voters showed that 72% are dissatisfied with the direction of the state. More than a third cite jobs and the economy as their biggest concern and a whopping 65% believing the legislature is not doing their job, a figure that spiked after the legislature approved the 2015 tax hike. Only 17% of respondents gave taxes as their biggest concern/worry and all other issues were in the single digits. The vast majority, almost ¾ of respondents, said jobs were difficult to find with only about 29% believe things have improved since last year.
Per capita personal income in Connecticut grew by 4.9 percent last year, faster than the nation as a whole, according to a preliminary estimate that shows the state remaining the wealthiest in the nation, well ahead of No. 2 Massachusetts.
If the total amount of income were divided equally between every man, woman and child living in Connecticut, each would have received $56,889 last year. Connecticut’s closest rival, Massachusetts, had a 2011 per-capita income of $53,621.
WATERBURY — At the U.S. Small Business Administration’s annual Lenders & Partner’s meeting October 29 in Hartford, Webster Bank was honored for its commitment to small-business lending in Connecticut.
Among financial institutions doing business in the state, Webster was cited as top 7a lender, the No. 1 504 third-party lender and was tops in total loan volume. This year marked the seventh consecutive year Webster posted top 7a volume, and 14th year in a row for top 504 volume.
A subsidiary of Webster Financial Corp., Webster Bank has $22 billion in assets and provides business and consumer banking, mortgages, private banking trust and investment services through 165 banking offices and 311 ATMs.
HAMDEN — Seventeen boxes of non-perishable food, collected by the staff of Bankwell (formerly Quinnipiac Bank & Trust Co.), were donated to St. Anne’s Soup Kitchen in Hamden.
“St. Anne’s has been a pillar in Hamden for its gracious contributions to people in need,” said Bankwell Regional President Mark Candido. “Not only do they serve hot prepared meals, they send people home with food and clothing when often they have nowhere to turn for aid.”
A pickup truck loaded with boxes of food, collected during an October 25 shredding event in Bankwell’s parking area in Hamden, was earmarked for St. Anne’s. “We also collect clothing and shoes that go to St. Anne’s along with other local charities and social services,” Candido explained. “Shortly we’ll begin our Winter Coat Drive with the same goal of maintaining Bankwell as a cornerstone in helpful community service.”
Luke Abous-Salam, St. Anne’s manager, was on hand personally to pick up the food donations. Bankwell staff members, Mark Candido, Leila Votto and Ken Innocenzi joined in to present the donations.
Bankwell has offices in Hamden and North Haven.
New Haven Magazine