Gov. Ned Lamont announced that a $23.9 million American Rescue Plan Good Jobs Challenge grant from the U.S. Department of Commerce will be awarded to the Connecticut Office of Workforce Strategy. These millions of dollars will provide support in the creation of the Strengthening Sectoral Partnerships Initiative.

This new initiative will assist more than 2,000, especially those in underserved communities to get jobs in four high-demand areas, such as manufacturing, healthcare, information technology, and bioscience. Read More

CONMED Corporation (NYSE: CNMD) today announced a definitive agreement to acquire privately held Biorez, Inc. (Biorez), on a cash-free, debt-free basis, for cash consideration of $85 million at closing, subject to adjustment, and up to an additional $165 million in growth-based earnout payments over a four-year period. The transaction is expected to be financed through the company's existing credit facility. The transaction is expected to close in early August 2022.

Biorez is a medical device start-up based in New Haven, CT and is focused on advancing the healing of soft tissue using its proprietary BioBrace® Implant technology. The BioBrace implant is an innovative bioinductive scaffold that is intended to reinforce soft tissue where weakness exists and facilitate healing. BioBrace® is cleared for use by the FDA in multiple product sizes. Read More

Governor Ned Lamont announced that beginning this week, the State of Connecticut will deliver $30 million in grants to more than 1,700 of the state’s hospitality sector businesses that suffered financial losses stemming from the COVID-19 pandemic.

Businesses in this sector can anticipate receiving checks from the Connecticut Department of Revenue Services (DRS) that range in amounts from $7,500 to $49,999. The hospitality sector encompasses restaurants, hotels, entertainment venues, breweries, wineries, travel services, transportation services, and other businesses. Read More