State Funding For ‘Innovation Places’ Hopes To Promote Business, Job Growth

ewalsh • August 1, 2016

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Communities in Connecticut are lining up to take advantage of the state’s newest effort to promote business growth.

Looking for ways to kick-start the state’s slow-growth economy, Gov. Dannel P. Malloy and the General Assembly enacted legislation establishing competitive grant funding to create so-called innovation places, linking institutions such as colleges, universities and hospitals with entrepreneurs, small-business owners and others. The goal is to draw investment, promote new businesses and stoke job growth.

In cities such as Hartford, New Haven and Stamford, groups of business startup owners and officials of universities and colleges and others are gathering to develop ideas for grant applications. It’s the first of a two-stage process, with applicants vying for $50,000 to help plan innovation places.

Millions more will be available in the next stage to help put plans in place and leverage funding from private sources. Establishing the innovation places could be a long process, with the first likely to begin being set up next summer or a little earlier.


State and local officials want Connecticut to join states and cities in the U.S. that increasingly are tying business opportunities to an influx of young city dwellers to downtown areas. It also reflects the hope among Connecticut policymakers that innovation districts will spark growth in cities where skilled jobs and well-educated workers are scarce.

General Electric Co., for example, cited the numerous universities and ready availability of top academics and researchers in Boston when it announced in January it will move its headquarters from Fairfield.

Connecticut also wants to slow and ultimately halt a loss of well-paid, high-skilled jobs. Bringing together hospitals, universities and startup firms — many of which are high-tech — would likely promote growth in better-paid, higher-skilled jobs.

Sen. John Fonfara, D-Hartford, a legislative leader who negotiated the legislation calling for innovation places, said bringing businesses and talent together in urban areas will help Connecticut keep entrepreneurial college students in the state.

For many young people graduating Yale University and Trinity College, “they have choices where to start businesses,” he said.

“How do we get them to start their businesses here? That’s where we’re weak now,” Fonfara said.

In addition, innovation places will help connect employees to businesses as job skills and employment requirements change, he said. For example, insurance companies are seen as “claims-paying companies,” though an increasing number are software businesses handling tremendous amounts of data requiring workers with specialized skills, Fonfara said.

Michael A. Cantor, chairman of the board of Connecticut Innovations, the state’s venture capital firm that refashioned its CTNext program overseeing the innovation places program, said the goal is to establish “vibrant, urban, innovative, entrepreneurial” areas.

Measuring the success of an innovation place could include many factors, such as determining if neighborhoods are growing or even if coffee shops are opening, he said.

Hartford’s Parkville neighborhood may eventually be an innovation place. A one-time factory that made tires is now home to a business accelerator that brings together early-stage ventures and provides space to design companies such as Raymond Christensen’s Ray Lighting + Design Studios.

He said he likes the “feeling of the old building” and customers appreciate a thriving business reusing the site.

Parkville also is a stop on CTfastrak, the state’s bus-only corridor. It presents a valuable public transit feature that backers say will help support their pitch to make the neighborhood an innovation place.

In Hartford, backers of innovation places include Trinity College, the University of Hartford, MetroHartford Alliance and reSET, a nonprofit organization that promotes social businesses addressing social or community issues.

Several groups, including the University of Hartford’s Barney School of Business and MetroHartford Alliance, already operate programs encouraging entrepreneurial and high-tech businesses. Planning an innovation place can bring together community groups in a “strategic, well defined way,” said Martin Roth, dean of the Barney School.

Fonfara said the innovation places can capitalize on Connecticut’s well-educated workforce, research universities and high-tech industries such as biotechnology and medical device manufacturers.

“A lot of the things you see in other parts of the country that are going strong, we have in great abundance,” he said. “But we haven’t created an environment that created those things.”

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Dear reSET Community, The Board of Directors today announces the departure of Sarah Bodley as Executive Director of reSET in a planned transition later this year. The Board has immense gratitude for Sarah and all her contributions over the years. Over the last seven years, Sarah has built an amazing foundation for the organization and she leaves reSET in a strong position for continued growth and service. Sarah joined reSET in 2018 and over the past seven years has solidified and expanded reSET’s mission of supporting impact-driven entrepreneurs throughout Connecticut. Here are a few key highlights from Sarah’s time here: Facilitated the acquisition of Collab New Haven, expanding reSET’s footprint to a statewide geography and further enhancing our mission Developed and implemented new core programs including the award-winning Food Incubator, as well as the Food Accelerator, Retail Incubator, Measure What Matters, and Digital Marketing Mastermind Established reSET as a founding partner of the Hartford Culinary Collaborative, enabling greater connectivity and cooperation among food-centric support organizations in our region Doubled the organization’s budget to over 1 Million Dollars, securing multi-year State government grants Won the prestigious Neighborhood Builders Award from Bank of America, and the Leadership Greater Hartford Polaris Community Award in 2022 Established an endowment fund thanks to support from the Zachs Family Foundation to support the long term sustainability of reSET’s mission Over the coming months, we will be continuing our search to find reSET's next Executive Director. Sarah will stay onboard through June to ensure a smooth handoff to our next leader, and will be available as a resource throughout 2026. It is the Board of Directors’ priority, along with Sarah's, to make this transition as smooth as possible to continue the great work Sarah has helped us do over her tenure. The Executive Director’s Job Posting can be found at this link, and we invite you to keep in mind any potential candidates in your community or network that you think might be a great fit. The Board of Directors wishes Sarah the best of luck in her future endeavors. We are appreciative of the dedication and enthusiasm she has given to reSET over the last seven years, particularly navigating our organization seamlessly during the historic times of the pandemic, changes in administration, and an ever-evolving landscape of opportunity for entrepreneurs. We are confident that with Sarah’s support, this transition will be a smooth one for our Connecticut entrepreneurs, partners, and generous supporters. We look forward to continuing our growth and to serving our mission of supporting the social enterprise sector. If you have any questions or concerns during this transition, please don’t hesitate to reach out via contacting admin@resetco.org to get in touch with the board. Sincerely, Ali Lazowski + Dave Menard, co-chairs, reSET Board of Directors
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