seCTer NEWS                                                                                              SPRING 2014
IN THIS ISSUE
OPPORTUNITY! 
 
The Lighthouse Inn 
The City of New London is inviting bids for the historic Lighthouse Inn, at 48 Guthrie Place in the City.  Bid Pre-qualification packages are due by 2:00pm on May 9. Bids are due on May 28, 2014. For complete bid package visit New London web site.  For other questions, click here.   
Hiring Incentives are Available for STEM Jobs!

The Eastern CT Workforce Investment Board (EWIB) has funds available for On-The-Job Training of new hires in technical skills jobs. If you are hiring, Click Here first for more Info,  or call Susan Lewis at EWIB, 860-859-4100 x16

UPCOMING EVENTS

April 25: CT Main Street Center, "Placemaking II: Creative Solutions for Invigorating Your Town"

May 6: Southeastern CT Entrepreneurs Networking Meeting. 
May 8: "Techapalooza" at Three Rivers Community College.  High Schoolers and Parents invited to learn about and engage with regional Advanced manufacturers. Sign up here:
secretary@eamainc.org



May 13: Hygienic Artists' Academy."How to Price Art." Information and Registration.

May 16: 
"Fiscal Sustainability Forum,"  a Chamber of Commerce Event to discuss long term obligations of state to education, infrastructure,transportation and other investments.
May 16: "
Marketing Your Business to the Government," a joint program of SBA and PTAP.  Free.  Register Here.

May 21:
 "How to write a Powerful Capability Statement," a
FREE PTAP Webinar. 
HAPPY BIRTHDAY!!

Sonalysts Celebrates
40th Year
in Business.

Norwich Community Development Corporation Celebrates 50 years of service in Norwich.
MORE NEWS...

Norwich names developer for Reid and Hughes Building. Read.

Costco to Anchor East Lyme Commons development.  Read.

Institute to Study Climate Change will be located at UConn Avery Point. Read.
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Still Revolutionary
seCTer News
It snowed last week, but nevertheless we think it is safe to say, based on the daffodils blooming in southeastern CT and the swelling buds on the trees, that the worst of winter is behind us. 

For seCTer spring means a new office!  As of April 14 we are now
located at Mariner Square at 125 Eugene O'Neill Drive in New London.  Our office Suite is #309.  All phone numbers and emails remain the same.
CEDS NEWS
         The Economic Development Committee is working on updating the Regional Comprehensive Economic Development Strategy (CEDS) as a requirement of the Federal Economic Development Agency (EDA).  Part of the update involves reviewing the status of  goals and projects in the CEDS, and we can report that a number of these goals have already been met, and many projects are underway, completed, or in some cases have been eliminated.

        Some of the success stories of the CEDS to date are the formations of EAMA (the Eastern Advanced Manufacturing Alliance) and of the Southeastern CT Cultural Coalition.  On other fronts, meetings to forward improvements to the Central (Rail) Corridor line are proceeding, regional water improvements are ongoing, Preston Riverwalk is nearing completion of brownfield remediation, and grants from the State of CT were recently announced to plan remediation/reuse of sites in Norwich along Shipping Street, and New London on Howard Street.  Lots more good news will be forthcoming in future newsletters.  To review the CEDS, visit our web site and please contact Deborah Donovan if you have comments, additions, suggestions or questions.  ddonovan@secter.org.
LOAN NEWS

        Things are busy in the seCTer Loan Office. Several applications are in process, a couple of which involve participation with other Bank and non-Bank lenders. We also are working on an exciting proposal for a cooperative venture with one of our Members. 

 

       GOOD NEWS!  We have had a couple of unscheduled loan payoffs, leaving us with money to lend!  We are actively seeking loan applications, particularly from manufacturers, technology based businesses, agribusinesses and bio-sciences. Particularly desirable are those businesses with the potential to hire and retain a skilled workforce.  If your business could benefit from an affordable loan to help with growth in hiring, in investment in new equipment, or other assistance, please contact Annie Chambers at

PTAP NEWS
         All PTAP counselors are now Certified Verification Counselors through the Center for Veterans Enterprises (CVE)
 US Department of Veterans Affairs.  This certification qualifies them to counsel Veteran and Service Disabled Veterans through the process of verification in the vendor information pages on the Vetbiz website.  Verification is the process that "Service Disabled Veteran Owned Small Businesses" and "Veteran Owned Small Businesses" must undergo in order to qualify for VA set-asides.  This process is managed by the Center for Verification and Evaluation.  The VA Office of the Inspector General is committed to protecting the rights of the Service Disabled Veteran Entrepreneur community by vigorously investigating and seeking prosecution of those who deprive of opportunities to grow their businesses veterans who have earned the right to set-aside government contracts.
        For information on how PTAP can help your small business with Government Contracting, contact Lisa Wood at lwood@secter.org. 
CLUSTER NEWS
             The 2011 CEDS identified six economic "clusters" driving the economy of Southeastern CT.  Following are recent news items on activities within those clusters.

AGRICULTURE: A bill is moving forward in the State Legislature to preserve the Savin Farm in Lebanon-Colchester as open/agricultural space.  Currently part of this historic farm is leased to M&K Dairy, a small farm whose owners make terrific cheeses!  They are right down the road from Beltane Farm (Goat Cheese) and Graywall Farm, headquarters of the Farmer's Cow and seCTer client Mystic Cheese.  Lots of good things happening on the Agricultural front in SECT.  For more information visit our web site page on Agriculture.

DEFENSE: Defense and associated Advanced Manufacturing constitute the largest cluster employment-wise in the region.  Since Electric Boat purchased the former Pfizer Global Research and Development Building in New London, they have placed over 3000 engineers in the building, who are designing the next generation of Submarines. Upgrades are also planned for the EB Facilities in Groton to accommodate increased work. Also in the news,  the Subase in Groton welcomed aboard a new commander,Capt. Carl A. Lahti, who has plans for more upgrades at the base.  In April a long planned improvement was unveiled with the opening of the new commissaryto better serve the 1000's of active duty and retired Navy personnel who call Southeastern CT home.

TOURISM: Tourism is a mainstay of the economy in the region.  Recent news includes the re-branding of Foxwoods former MGM Tower to the "Fox Tower," the purchase of both the Mystic Hilton and the historic Inn at Mystic  by new investors with plans for upgrades at both these great hotel properties in Mystic County. The 2014 Mystic Country Travel Guide is also now available.  To receive a copy contact them at 860.536.8822.

MARITIME: Plans for the new Coast Guard Museum to be built on the waterfront in New London are proceeding on.  Fund-raising is well underway.  Official Ground breaking and deed transfer of land from the City of New London will take place on board the Barque "Eagle" on May 2 on City Pier.  In other Maritime News,the "Charles W. Morgan" will set sail from Mystic Seaport on May 17, the first voyage of the historic 1841 New Bedford built whaler since 1941, when she first arrived at Mystic Seaport.  And, the State of CT is moving forward with plans to create a Statewide Port Authority-great news for New London's Deep Water Port.

CREATIVE:  The Southeastern Cultural Coalition is formed, staffed and has created a new web site. Stonington's Wendy Bury has been hired as Executive Director and is working diligently on plans for the arts in SECT.  The Hygienic Artists Academy is also underway, hosting its second session of entrepreneurial lessons for artists.

BIO-SCIENCEA bill is working its way through the State Legislature, formalizing a support for the Bio-Science Cluster in SECT.  Exciting news was announced recently with the transfer of former Pfizer building 286 to CURE to create an Innovative Commons for Bio-Science and other entrepreneurs in Groton.  All good news for our regional scientific community.

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Southeastern CT Enterprise Region | secter@secter.org | http://www.secter.org
125 Eugene O'Neill Drive
Suite 309
New London, CT 06320