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Year in Review - Norwalk Government
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Year in Review - Norwalk Businesses

A look at what shaped Norwalk's businesses in 2013

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Norwalk, CT | Added on December 28, 2013 At 04:42 PM


Reporter Priscilla Lombardi takes a look back at some newsmakers in Norwalk business in 2013.

In April, State and Local officials announced that 542 Westport Avenue in Norwalk will be Connecticut’s first energy efficiency project financed through the Commercial and Industrial Property Clean Energy Program, or C – Pace.

“The program that we launched today provides a new way to provide resources to energy efficiency projects, and it turns out that we need innovation in terms of new technologies, advanced solar power or wind power, better ways to do efficiency, but we also need a way to flow money to these projects.” Said Conn. Dept. of Energy and Environmental Protection Commissioner Daniel Esty.

Homeserve USA moved its headquarters from Stamford, to the Merritt 7 corporate office in Norwalk in November. The home emergency service company is dedicated to protecting homeowners within the area and expects to hire  130  new employees. 

"Our business is growing at about 20 to 25 percent a year and we wanted to find a place that there was enough space for all the employees we have now," said HomeServe USA CEO Thomas Rusin. "But also for the next five years to come at a minimum, where there was more office space very closely located where we can grow beyond that and there was a great group of talented people to hire."

"Any time that we can grow jobs in Connecticut and frankly attract them from out of state, we're picking up employees that were formally based in Florida, is a great day," said Gov. Dannel Malloy

State senators and representatives welcomed JayStar group to the Small Business Express program in March. 

The program is an initiative that has helped hundreds of Connecticut companies grow and expand over the last two years, creating thousands of jobs in the process.

"We are a state of small businesses," said State Representative Larry Cafero. 

South Norwalk Electric Works announced in July a change to its utility bill deposit policy for local businesses. Instead of requiring a new business to deposit three months worth of utility costs to open service, new service can now be started with a letter of credit.

"Looking at the issues, Senator Duff came up with a solution that a letter of credit, which we would have to accept," said South Norwalk Electric & Water General Manager John Hiscock. "We would agree to that as opposed to optional on our part would go a long way to protecting our rate payers, but also protecting the businesses and allowing them to keep their capital to reinvest in their businesses as opposed to sitting in a very low interest deposit account in our organization." 

That's some of what made news for Norwalk's businesses in 2013. Thanks for watching, and we'll see you in the New Year.


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