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Monday, May 25, 2015

Business

Business

Tuesday, February 24, 2015

Bridgeport Hospital CEO: ‘Healthcare Act Not Working’

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William M. Jennings, president and CEO of Bridgeport Hospital, told the Westport Rotary Club today that the Affordable Healthcare Act “is not working for us.”  In response to a question, Jennings said the legislation has not reduced emergency room activity or changed the profiles of the types of patients being seen. “The Healthcare Act has not been a positive experience for us so far,” he said. Jennings noted that Bridgeport Hospital’s cost basis is among the lowest in the country. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 03:36 PM
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Sunday, February 22, 2015

Sunny Daes Open for Business

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The Sunny Daes ice cream store at Westport’s 30 Riverside Ave. was open for business Saturday night despite a snowstorm and freezing temperatures. An employee said the store, which also offers frozen yogurt, remains open until 10 p.m. every day despite the snow and cold.  “It’s not busy like summer, but people still come,” he said. “We’re making enough to pay our bills.”  (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 12:15 AM
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Wednesday, February 18, 2015

Malloy Budget Cuts Social Services, Higher Ed; Raises Tax Revenue

By Keith M. Phaneuf

www.ctmirror.org

UPDATE Gov. Dannel P. Malloy today unveiled a nearly $40 billion, two-year budget that boosts tax receipts $830 million despite a sales tax cut, preserves municipal aid and cuts deeply into social services and higher education.

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Gov. Dannel P. Malloy outlines his budget proposal today. (CLICK TO ENLARGE) Alvin Chang/Ctmirror.org photo

The governor’s plan also outlines a major transportation initiative, but does not recommend how to pay for it. But the administration’s projections show it would require $112 million in new transportation revenues by 2018 and $400 million above current revenues by 2020.

And while the transportation initiative is billed as a $100 billion investment over 30 years, only about $5.1 billion extra would be spent on projects over the governor’s four-year term.

Malloy also would close one unnamed state prison and redirect a portion of the savings to his “Second Chance Society” plan, an initiative to reduce criminal recidivism and assist youth at risk of becoming offenders.

Click here for more of story. See full text of address here.

Posted 01:10 PM
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UConn Think Tank Predicts State’s Economy Will Flourish in 2015

By Keith M. Phaneuf

www.ctmirror.org

After growing modestly over the past three years, the state’s economy is ready to shift into high gear in 2015, according to a quarterly report today from the University of Connecticut’s economic think tank.

And while the director of the Connecticut Center for Economic Analysis says the 8.1 percent growth projected for 2015 probably is too good to be true, achieving even most of that would allow the state to far outstrip the national economy.

Click here for more of story

Posted 09:30 AM
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Monday, February 09, 2015

Info Session Tuesday on Achieving ‘Meaningful Social Impact’

Leaders of nonprofits interested in funding to achieve “meaningful social impact in Connecticut” are invited to an information session Tuesday on how to apply for grants of up to $50,000.

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The session, sponsored by Social Venture Partners Connecticut (SVP-CT), will be held from 8 a.m. to 9 a.m. at the Westport Innovation Hub, 20 Ketchum St. Those interested in attending are asked to RSVP at http://www.socialventurepartners.org/connecticut.

The deadline for submission of letters of Interest for the group’s 2015 investment cycle is Feb. 24.

SVP-CT provides both financial support and strategic advice to nonprofits providing social services that are located in Fairfield County and vicinity.

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Posted 04:59 PM
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Friday, January 30, 2015

Cold Outside But Hot IPO Inside

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UPDATE It was bitter cold outside Westport’s Shake Shack, 1849 Post Road East, today but the company founded 14 years ago by restaurateur Danny Meyer was basking in the heat of Wall Street as its initial public offering (IPO) began trading on the New York Stock Exchange. The stock, which went public at $21, closed at $45.90, up almost 119 percent, after trading as high as $52.50. The New York-born cult modern day “roadside” burger stand opened in Westport in July 2011. Meyer was on hand for the debut of the chain’s first actual drive-in eatery and first suburban location. (See WestportNow July 20, 2011) (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 02:57 PM
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Tuesday, January 27, 2015

Open and Awaiting Customers

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Tutti Ristorante, 599 Riverside Ave., was among Westport restaurants open today and awaiting customers. Maria Funicello, co-owner with her chef husband Pasquale, said, “We opened at 4 o’clock, but we don’t have a single reservation for tonight and the phone has not rung even once. I don’t think anyone knows we’re open, but we plan to stay until our usual closing time at 9 p.m.” Their phone is (203)221-0262. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 05:51 PM
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Thursday, January 22, 2015

Chamber Guests Hear About Compo Penguin Plunge

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Guests at tonight’s Westport Weston Chamber of Commerce monthly Business After Hours networking reception heard details of the annual Special Olympics Penguin Plunge at Compo Beach on Saturday, March 14 at 1 p.m. Registration begins at 11 a.m., according to Lisa Carole of the Special Olympics, who attended the event at the Symphony Space office complex, 55 Greens Farms Road. Register to plunge, or support a participant or team at http://www.soct.org. To join in the fun, participants must be at least 8 years old and need to raise a minimum of $100. In addition to awards for top fundraisers and best costume, participants receive incentive prizes for their fundraising efforts. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 08:26 PM
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Tuesday, January 20, 2015

Town to Secure New Restaurant to Replace Splash

Westporters beginning this spring will be able to dine overlooking Long Island Sound in space formerly occupied by Splash Restaurant at the Inn at Longshore Club Park.

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Splash Restaurant & Bar had been a Westport waterside favorite since 1995 before it closed last October.  (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

First Selectman Jim Marpe and Rory Tagert, who has leased the Inn at Longshore, a the town-owned facility, for more than 30 years, announced today they have signed a letter of intent to identify and secure a new restaurant to replace Splash, which closed last October after 19 years. (See WestportNow Oct. 31, 2014)

“It is imperative that a first class restaurant for all Westporters is in operation for the spring and summer 2015 seasons,” Marpe said in a statement. “The restaurant must also include services for golfers.”

Marpe noted that a long-term sublease with a restaurant operator would be subject to the town’s terms, conditions, and approval.

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Posted 02:38 PM
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Saturday, January 17, 2015

Still Going Strong for the Moment

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There is a “retirement sale” banner in the window of The Textile Stores, 415 Post Road East in the Compo Shopping Center, which has announced it is closing in February. But for the moment, it is still going strong after 75 years in business, 55 at its current location.  Customers keep coming to buy and say “thank you” to owners Marty Yanell (above) and his daughter, Lori Yanell. (CLICK TO ENLARGE) Lynn U. Miller for WestportNow.com

Posted 01:18 PM
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Tuesday, January 06, 2015

Comings & Goings: The Textiles Stores Closing

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After 75 years in business, 55 at its current Westport location, The Textile Stores, 415 Post Road East in the Compo Shopping Center, will close at the end of February, according to Lori Yanell (above), daughter of owner Marty Yanell. She is the granddaughter of founder Samuel Unofsky who, she said, started the business in South Norwalk in 1940.  Yanell said, “We’re following in the path of Silver’s—the rents have gone just too high.”  Describing how long she has been associated with the business she said, “I was practically born in the back of the store.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 04:12 PM
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Saturday, January 03, 2015

Comings & Goings: Jewelry by Sara Kennedy Closing

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After 45 years in business, Jewelry by Sara Kennedy Cellar Workshop at 44 Railroad Place will close Jan. 14. Kennedy, who began her business on Avery Place in 1969 and has been in Saugatuck since 2006, said she will retire to Tucson, Ariz, where she has purchased a home after going there for 47 years. She recalled she moved to Westport when was in seventh grade, two years after her father purchased Compo Acres Pharmacy. “I want to tour the country,” she said. “I want to explore, to paint, to sculpt, to enjoy a physical freedom.” As for leaving Westport, she said: “I value my many relationships in Westport. I even have customers from the same family for three generations.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 07:15 PM
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Friday, January 02, 2015

Bargains Galore at Silver of Westport

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Steve Silver, co-owner of Silver of Westport, gives a wave today as the store began a 50 percent off sale to reduce inventory prior to its shutting down. Silver announced in November that the 110-year-old family business at 390 Post Road East will close once the inventory is gone. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 12:09 PM
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Wednesday, December 31, 2014

Last Day

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It’s the last day for Positano Ristorante at Westport’s Old Mill Beach. Closing after tonight’s New Year’s Eve celebration, the restaurant will reopen early in the year adjacent to the Westport Country Playhouse in space formerly occupied by the Dressing Room. Manager Gianni Rizzi said Positano, owned by Westchester County resident Giuseppe Scarpati, occupied its current space for 15 years and was on Post Road East, where Tengda is now, for two years. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 02:15 PM
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Tuesday, December 30, 2014

Comings & Goings: Cake Suite Closes

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UPDATE After a five-year run, Cake Suite, 47 Saugatuck Ave., near Dunville’s Restaurant, has closed.  Owner Michelle Klem of Fairfield said today it closed on Dec. 20 and “had nothing to do with the economy or anything like that. All was going well. But I needed to change my lifestyle.” She said she needed to devote more time to her 12-year-old son. But she said she will continue to work with wholesale customers and area caterers, teach baking classes, and is researching a book on operating a bake shop. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 11:13 AM
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