AdvanceCT announces the launch of its Soft Landing Program and Directory of Resources, a tool that lists the business resources and connections needed by companies looking to establish a footprint and operations in Connecticut.

AdvanceCT’s Soft Landing Program is especially useful to international companies exploring market entry into the U.S. market via Connecticut and features information on serviced offices and coworking spaces, corporate apartments, tax and accounting firms, law firms, executive search firms, industry associations, and much more. 

Through the program, prospective companies receive support in navigating Connecticut’s business environment, an added benefit to the concierge service that AdvanceCT already offers as part of its business recruitment strategy. AdvanceCT support provides access to a vast array of partner organizations, including state agencies, municipalities, higher education institutions, and business associations and networks within their industry.

The release of the Soft Landing Directory of Resources is the first step of AdvanceCT’s larger Soft Landing Program. View the directory here.

New Haven-based biotech company Cybrexa Therapeutics will expand the size of its workforce by about 40 percent through a collaboration with a California-based company that could ultimately be worth more than $700 million to the Connecticut company.

The collaboration between Exelixis and Cybrexa includes an agreement providing the Bay Area company the right to acquire a cancer targeting, CBX-12, which is designed to target a variety of cancers and is currently under development. CBX-12 is currently is Phase 1 of the drug approval process and Per Hellsund, Cybrexa's chief executive officer, said he expects to hire another 10 people to add to the company's 24-person workforce when the drug enters the next phase of the research process. Read More

As part of our outreach for the 2023-2028 South Central Connecticut CEDS, we have compiled a short survey for businesses. We are looking to determine the state of our regional economy currently and see what you anticipate for the future. This information is critical to producing a meaningful strategy. As US EDA (Economic Development Administration) funding is directly tied to the CEDS, we strongly encourage you to complete the survey.

If you are interested in learning more about our current CEDS, click here.

Please share this link with your colleagues, suppliers, members, and friends so we can obtain a comprehensive understanding of our local economy.

One year ago, Avelo Airlines took flight for the first time from its new East Coast base at Tweed-New Haven Airport (HVN) for Orlando. Today, Avelo is celebrating the first anniversary of that inaugural flight which ushered in a new era of convenience, affordability and reliability for Connecticut travelers.

Avelo Founder, Chairman and CEO Andrew Levy said, "Last November, we endeavored to make air travel faster, easier and more affordable for Connecticut travelers. Over the past year, we've done just that. In 12 short months we've transformed Tweed from a sleepy single-destination airport into a vibrant gateway to 14 destinations spanning seven states. And we've done it with industry-leading reliability and our caring Soul of Service. We are grateful for the enthusiastic reception Connecticut has greeted us with and look forward to soaring even higher in the year ahead." Read More