MILFORD: Eight months after appointing Karlin Linhardt as Subway's North American senior marketing vice president, , the company has made an about face.
Linhardt a former McDonalds [NYSE: MCD]marketing executive came to the company in April from the consulting firm Acenture [NYSE: ACN] to help lead a sales turnaround. Karlin reportedly tendered his resignation amid what some describe as an “uprising” among franchises of his marketing plans, emphasizing discounting.
UNCASVILLE: Slot revenue may be down but the Mohegan Sun Arena recorded what the Casino says is “another successful year of A-list national tours and national awards in 2017.”
Two major awards were “Prime Site” and “Casino of the Year,” bringing the total to 15 national awards for the Arena over nine years. Named in Connecticut Magazine as “Best of Connecticut 2017” for large entertainment venue, Mohegan Sun Arena continues to be one of the busiest venues in the world, and surpassed 11 m
BRIDGEPORT: Prime Line a leading promotional products industry supplier has been acquired by alphabroder, of Trevose, PA. alphaborder says it is the "leading distributor of imprintable sportswear and accessories in North America."
The company announcement says “the combination of these two companies establishes a new standard in the industry for convenience, service.”
Prime Line founded in 1980 offers more than 1700 products across 15 categories, “providing a variety of promotional products including Tech accessories, bags, drinkware, leather and glass gifts, office items, stress relievers, executive toys, hand sanitizers, stress relievers, gift sets, journals, writing instruments, outdoor fun.”
“As a family business with long-time employees, we gave careful consideration to this strategic move, and ultimately feel that this is in the best interest of both customers and employees,” said Jeff Lederer, president of Prime Line and now president of alphabroder’s hard goods division, which will operate under the Prime Line name, Lederer will report to alphabroder CEO Norm Hullinger.
Lederrer, said, “the industry is changing, and it was important for me to make sure Prime Line is positioned in the best possible way moving into the future. We have chosen a partner in alphabroder that matches our values and commitment to the future. I am so excited to work with alphabroder, helping to lead the team to the next level.”
According to the company, "long-time members of the Prime Line management team will be joining the alphabroder management team as well."
It’s not every day that one has the chance to lure one of the world’s five most valuable companies. But for cities across the nation, that day is Thursday, when bids for Amazon’s new headquarters are due.
The Seattle-based retail giant announced last month that it was seeking a location for its second North American headquarters, promising more than $5 billion in……. >
STAMFORD: Charter Communications [Nasdaq:CHTR] has announced today [October, 3 2017] plans to build a new 15-story headquarters in Connecticut and add another 1,100 jobs there, with the help of up to $20 million in loans and tax credits from the state.
The new building at the Gateway Harbor Point development, abuts Long Island Sound and is projected to be 500,000 square feet, occupancy will begin in 2019.
“Since relocating Charter’s headquarter operations to Stamford in 2012, the company has undergone a transformation to become the second largest cable provider in the U.S.,” said chairman and CEO Tom Rutledge in a press release. “This new, state-of-the-art facility in downtown Stamford will provide Charter the necessary resources to facilitate its continued growth. ”
The city which took a hit in the financial crisis continues to add jobs. The job search website Indeed announced in July that it will add, add 500 positions to its current workforce of 700 and would make a$26.5 million in its offices.
Charter announced its plans Charter first moved its headquarters to Stamford in 2012 from Town and Country, Mo.,
The company and has agreed to $100 million in capital spending in the state over the next several years.
Governor Dannel Malloy the former mayor of Stamford said the state will provide a 10-year, $10 million low-interest loan and up to $10 million in tax credits. Malloy called it “a great day for Connecticut,” adding that Charter’s plan to create 1,100 jobs at the new site “shows that our strategic investments are continuing to spur economic growth and create good paying jobs in the state.”
WASHINGTON: The US Department of Labor has cited the Stamford- Bridgeport metro in the bottom third of US regions for job creating in July.
The region had a 1% increase in jobs  compared to the previous year.
The New Haven area led Connecticut 5,500 jobs increased a 2% gain, New London increased 1.8% percent and Danbury 1.4 %.
The fastest job producer in the country was St. George, Utah, in the southeast corner of that state, with a 6.2% increase in jobs. Durham, N.H. led the Northeast with a 4.2% increase.
A new research report American Express and Dun & Bradstreet Middle Market Power Index Series Finds That mid-sized firms are responsible for more than half (51.7%) of total U.S. job growth since 2011.
The report shows that Connecticut in 17th nationwide in the number of middle market [$10 million-$1 billion in annual revenues] companies. The Nutmeg state has an estimated 2,505 middle market companies, which make up 0.97% of all firms in the state according to the latest.
Middle market firms are outpacing their smaller and larger counterparts when it comes to growth in number of firms, employment, and revenue.
While middle market companies account for less than 1% of all commercially-active firms, they experienced the greatest growth in overall numbers (83.9%), employment (103.3%) and revenue (99.9%) since 2011, they contribute about one in four dollars (27%) and employ a little more than a quarter of U.S. workers (27%) in the private sector.