Sunday, October 18, 2026

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CT Defense Industry Wins Big in U.S. Budget Bill

By Ann Radelat

www.ctmirror.org

Washington – The massive omnibus spending bill creates winners and losers – and at first blush it seems that Connecticut is chiefly in the winner’s column.

Like other state governments, the Malloy administration is still trying to determine the impact of the $1.1 trillion federal budget approved by Congress last week.

But there’s no doubt that at least one big winner is Connecticut’s defense industry. The omnibus bill allocates more than $6 billion for the Virginia-class submarine program, a sub built by Groton-based Electric Boat.

Also fully funded is the F-35 Joint Strike Fighter, whose engines are built by Pratt & Whitney.

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Welcoming Bassett Furniture to Westport

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A ribbon-cutting ceremony marked the official opening today of Bassett Furniture, 1100 Post Road East. The $300 million NASDAQ-listed company employs 15 in the Westport store, one of 91 Bassett stores in the United States. Among those on hand for the ceremony were Westport First Selectman Jim Marpe and Lisa Parrelli Gray, executive director, Westport-Weston Chamber of Commerce. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Comings & Goings: Organic Modernism to PRE

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Organic Modernism, a New York-based modern furniture store that designs and manufactures “industrial era modernized furniture,” opens on Saturday at 153 Post Road East, according to New York-based Ati Gunay, general manager. He said the Westport store is its 10th location and its first in Connecticut. He said the business, started in 1991 by its founder and owner Karzona Cinar a resident of Hong Kong, plans to expand to Stamford or Greenwich in the future. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Comings & Goings: Steam Opens at Westport Station

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The coffee, bakery and sandwich shop Steam opened today at the refurbished stationhouse on the eastbound side of Metro-North’s Westport station in Saugatuck. Co-owners Briana Pennell (l) and Chris Barrett, who opened their first Steam facility at the Green’s Farms station in July 2013 (see WestportNow July 26, 2013) were awarded the right to use both sites in a Town of Westport competitive bid process. Norwalk resident Pennell, a Culinary Institute of America graduate, is a pastry chef. Barrett, a Stamford resident, has a background in the restaurant business. The shop will be open 5 a.m.- 3 p.m., Monday to Friday, 8 a.m.-3 p.m., Saturday, and closed Sunday. A ribbon-cutting ceremony is scheduled for Friday at noon. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Westport’s dLife Acquired by NY Firm

Veria Living, a New York-based media brand devoted to showcasing healthy lifestyle and wellness programming, announced today that one of its affiliated entities has acquired dLife, the Westport-based producer of diabetes education information and programming.

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Financial details were not disclosed.

Dlife has its headquarters at 10 Franklin St. in Westport’s Saugatuck section. There was no word on whether the acquisition would impact the continued presence in Westport of dLlife and its employees.

“The acquisition provides new opportunities for the Veria Living brand to build upon recent momentum in the health and wellness space,” the announcement said.

Comings & Goings: du Pont Jewelers Leaving Main St.

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One of Westport’s remaining independent downtown merchants, Francois du Pont Jewelers, will close its store at 105 Main St. by the end of February and move to another “close-by” site in Westport,  according to owner Noel du Pont (above).  A Westport resident and graduate of Staples High School in 1978, du Pont said the store was opened by his father, Francois, in August 1980 and Noel worked in the store since then. “I’m going to remain local and everything’s good,” he said. “It’s the time to do it. I don’t need Main Street any longer. Our name is known. It’s a new beginning. There’s life after Main Street.”  Philosophizing about the economics of Westport’s Main Street, du Pont said, “Main Street is basically one block, not like Greenwich Avenue (Greenwich). That’s why landlords can demand such high rents. On the other hand, once you’re off Main Street you get to work with local landlords, people whose faces you know and see around town.” He added: “Even with the option of a new lease I would have moved, but I’ll still be close by. It’s a new beginning and a wonderful time for our customers, for my wife Julia and for me.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Promoting Westport-Based Spiked Seltzer

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Westport Boathouse Beverage Founder/Brewer Nick Shields poured samples of his Spiked Seltzer at Total Wine in Norwalk today. Shields, a fifth generation brewer, is launching his Spiked Seltzer first in retail stores. The 120-calorie drink features Westport prominently on its label. The name Boathouse Beverage, Shields says, was inspired by the Westport Rowing Club. His firm is based on Imperial Avenue in Westport. (CLICK TO ENLARGE) Allan Siegert for WestportNow.com

Westporter Wields Closing NYSE Gavel

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Johanna Rossi, a Westport resident, was honored at the New York Stock Exchange (NYSE) today as she brought down the gavel at the closing bell. The honor was a result of her winning Trader’s Magazine 2013 Wall Street Women “Industry Trailblazer” award. Rossi is senior trader at Alden Global Capital. Photo from NYSE video

CT Jobless Rate: Near 11% had 60,000 Not Left Workforce

The state’s unemployment rate would approach a gloomy 11 percent if more than 64,000 people hadn’t left the workforce since mid-2010, the University of Connecticut’s economic think-tank reported today.

And while the Connecticut Center for Economic Analysis recognized Gov. Dannel P. Malloy’s efforts to grow the economy, it said the budget deficits that have been projected after the next election, coupled with a failure to invest enough in the state’s infrastructure, remain big obstacles.

While the state Labor Department released a 7.6 percent jobless rate late last week, the center’s latest quarterly analysis called it “superficially encouraging” and “misleading” because of how much the state’s workforce is shrinking.

“The SA (seasonally adjusted) figure is a smoke screen on the true situation,” the center wrote. “The improving unemployment rate is, in large measure, an artifact of declining participation.”

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