Category: Business - Page 46

Sunday, October 18, 2026

Westport’s Terex Gets 1.5M in State Aid

Westport’s Terex Corporation is among 13 companies receiving state loans or grants to help create jobs, Gov. Dannel P. Malloy announced today.

“The investments announced today will play a major role in our continuous drive to enhance Connecticut’s economic competitiveness on the national and global scale,” he said following a State Bond Commission meeting approving the awards.

Terex will receive a $1.5 million grant to assist with a $5.5 million leasehold improvements project for its headquarters at the Nyala Farms office complex on Greens Farms Road.

The company will retain 140 jobs and create 30 jobs within four years, the announcement said.

Friday, November 24th, 2017

Black Friday Shoppers Crowd Main Street

Westport’s Main Street was crowded today with Black Friday shoppers. Retailers said business was brisk. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Crowds at The Gap

The Gap on Westport’s Main Street was among stores crowded with Black Friday shoppers today. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Valet Parking Again Available on Main Street

For the second successive year, the Westport Downtown Merchants Association (WDMA) is offering valet shopping on Main Street. The service will be available every Saturday through Dec. 23 at a $5 charge. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Friday, November 17th, 2017

Creating a Honey Buzz

Savannah Bee, a craft store with artisan honey and products at 43 Church Lane, part of Bedford Square, hosted a pre-holiday open house tonight with honey tastings, wine, food, music and book signings. On Saturday the open house continues all day with kids crafts from 1 to 3 p.m. The store is offering 15 percent off all products during the event. (CLICK TO ENLARGE) Contributed photo

Thursday, November 16th, 2017

Comings & Goings: Bankwell to Post Road East

Bankwell, a New Canaan-based online and retail bank, will open at 100 Post Road East in March, according to Westport-based Rob Haroun, commercial and residential developer. The space formerly was occupied by Steven Alan, men’s and women’s casual apparel and accessories, which closed in August. Bankwell, founded in 2002, operates in Fairfield and New Haven Counties with locations in New Canaan, Stamford, Fairfield, Wilton, Norwalk, Hamden, North Haven. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Tuesday, November 14th, 2017

Gallery: Work Progressing on Multi-Family Housing Project

Scenes as work is progressing on a 94-unit multi-family housing project at 1177 Post Road East with target completion date late next year. Thirty percent of the units, or 29, will be affordable housing as provided under the 8-30g affordable housing statute. The Planning and Zoning Commission approved the four-story project in September 2016. (See WestportNow Sept. 1, 2016) Developer Philip Craft, working with partners Steve and Scott Lawrence and Arthur Hersh, has said 54 units would be studios with the balance of 40 one-bedroom apartments around 750-800 square feet. The 42,000-square-foot building sits on a 1.96-acre parcel and is planned as a green, adaptive reuse of a commercial office building for the local workforce, according to its developers. Overseeing construction is longtime Westporter Jay Kowalsky, co-owner with family member Beau, Jr, of a new construction company, Kowalsky Construction, LLC. It is familiar turf for Kowalksky. “I built this place in 1980, and now I’m tearing it down,” he said. The Kowalsky family sold the property to the developers for $6.8 million in 2016 (See WestportNow Feb.1, 2016) The project will include an exposed parking lot and an additional concealed parking lot underneath—152 parking spaces in all. Dave Matlow for WestportNow.com

Comings & Goings: Holiday Pop-Up Shop to Post Road East

Holiday In A Box Shop, a Fairfield-based online retailer, is teaming up with Fairfield-based Gourmet Cravings, an imported specialty food e-commerce site, to open a holiday pop-up store on Thursday at 135 Post Road East in the space previously occupied by Second Time Around. According to Jennifer Bebon, founder, and Susanne Witte, Gourmet Cravings president, the store will be open until Wednesday, Dec. 27. It offers imported gourmet food gifts featuring chocolate, cookies, teas, candies, marzipan, jams, shortbread, artisan breads, as well as upscale home décor keepsakes curated into a variety of holiday styles and themes. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Friday, November 10th, 2017

Senate Tax Bill Would Have Big Impact on CT Homeowners, Small Businesses

By Ana Radelat

www.ctmirror.org

Washington – The Senate decided to go its own way in overhauling the nation’s tax code, and its plan would have a different impact on Connecticut taxpayers than a similar House bill.

The Senate bill would push back for a year President Donald Trump’s top priority of cutting the corporate tax rate from a maximum of 35 percent to 20 percent.

Holding off implementation of the new rate would lower the cost of the bill by $100 billion, but it also would delay the GOP’s plans to entice businesses to move offshore operations back to the United States.

The biggest changes affecting individuals in Connecticut is the bill’s elimination of the deductibility of property taxes. The House plan would allow deducting these taxes up to $10,000.

Click HERE for more of story

Thursday, November 9th, 2017

Into the Cryotherapy Chamber

Restore Cryo, a cryotherapy-based whole body recovery salon, opens Tuesday at 877 Post Road East, in the 2,500-square feet space formerly occupied by Radio Shack. Principal owner David Kass, a Westport resident, said, “The therapy increases the body’s metabolism naturally to create a safe, sustainable caloric expenditure of up to 800 calories over the following eight hours after a three-minute session in the cryotherapy chamber.” Westport resident Lisa Rowan, a Restore Cryo staff member, is pictured experiencing a treatment in the chamber. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com