The Commissioner of Economic and Community Development has defended her department's record on business assistance loans. Catherine Smith gave evidence before the Commerce Committee, saying 1,114 companies have been helped through DECD programs like Small Business Express.
Total Mortgage Services has announced a deal with the state of Connecticut to expand its headquarters in Milford. The company said it will create 140 new jobs in the town, doubling its Connecticut workforce over five years.
Online travel site KAYAK will move its headquarters to Stamford, with the help of a $2.5 million state loan. KAYAK is already headquartered in Norwalk, Connecticut, and was recently acquired by the state's other online travel giant, Priceline.com.
The state’s main economic development agency gets a new chief this week. On Thursday, insurance executive Catherine Smith will take up her post as Commissioner of the Department of Economic and Community Development. As she prepared for her new role, she sat down with WNPR’s Harriet Jones.
Many people might feel daunted by the challenge that Catherine Smith has taken on. But she says when the call came from Governor Dannel Malloy, she didn’t hesitate.