AGP Executive Report
Last update: 9 hours agoEnergy: Connecticut-based Budderfly plans to invest up to $500 million in solar, storage and other upgrades for municipalities, aiming to link projects into a 150-megawatt virtual power plant. Cities would repay the company from energy savings. Corporate Moves: BIC plans to move its North American headquarters from Shelton to Norwalk, while a 32,000-square-foot industrial building in Middletown has sold. Manufacturing: Connecticut suppliers seeking defense contracts face costly cybersecurity requirements, a growing challenge for the state’s manufacturing base. Business Outlook: Stamford-based Philip Morris beat third-quarter estimates, buoyed by Zyn sales and higher cigarette prices, but warned that conflict-driven inflation and disruptions in Ukraine are weighing on costs and operations. Jobs: Connecticut added 1,400 jobs in September, though unemployment remained at 5.1%.
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