The state will host the second annual Connecticut Economic Development Summit at the Yale School of Management in New Haven on Tuesday, November 29.

This unique, half-day afternoon conference will focus on the policies, decisions, and innovation driving economic development in Connecticut; the influx of new businesses over the past year; and why Connecticut is a highly desirable corporate location AND place to live right now.

Attendees will include innovators from the private sector, local leaders, corporate partners, social media influencers, entrepreneurs, thought leaders, Connecticut stakeholders, and new residents. Read More

AVANGRID, a member of the Iberdrola Group (NYSE: AGR), and Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced they have entered into a heads of agreement (HOA) for the potential joint development of U.S. green hydrogen and ammonia projects powered by renewable sources.

The HOA provides a framework for the companies to identify, appraise, and potentially develop large-scale green hydrogen projects to help meet the energy and decarbonization needs of both U.S. and international customers.

"The U.S. is facing unprecedented challenges and opportunities to develop competitive solutions that meet its growing energy needs, while also aiming to transition to a cleaner and more sustainable energy future," said Pedro Azagra, CEO of AVANGRID. "AVANGRID is very proud to innovate and develop green hydrogen and ammonia projects in collaboration with Sempra Infrastructure, which are crucial to decarbonize the industry and will help the country reach its ambitious clean energy goals." Read More

City officials are looking to leverage a federal grant to promote economic development at vacant city properties.

City Grants Coordinator Doug Colter said the city roughly one month ago received a $500,000 grant from the U.S. Environmental Protection Agency to fund environmental studies on vacant sites. In a statement, Mayor Nancy Rossi said developers could contact the city to fund Phases I and II of an environmental assessment report.

The reports would create an assessment of the extent and cost of any remediation efforts for hazardous chemicals on a vacant property. Colter said this brownfield grant likely would fund assessments for about 15 properties. Read More