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WOMEN’S BUSINESS NETWORKING EVENT
COURAGEOUS COMMUNICATION Your Voice Holds the Key to Business Success KEYNOTE SPEAKER
WOKIE NWABUEZE
Communications Strategist, Coach and Attorney When: Where:
Tuesday, November 19, 2013, 5:30pm – 8:30pm Graziella’s Italian Bistro 99 Church Street, White Plains, NY 10601 Cost: $55 (includes light buffet, wine and parking) Register: www.wedcbiz.org /2013Networking More Info: Persephone Zill at 914.948.6098 x13 or pzill@westchester.org WEDC offers 60+ Hour Entrepreneurial Training Programs, workshops, M/WBE assistance, microloan funding, disaster preparedness seminars & more!
Empowering Entrepreneurs, Strengthening Our Economy WEDC is partially funded by the SBA. The SBA's funding is not an endorsement of any products, opinions, or services. All SBA-funded programs are extended to the public on a nondiscriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact WEDC at 914.948.6098 x10.
8 Week of October 28, 2013 • FairField County Business Journal
Consumers cannot beam into the coming MakerBot Store at 72 Greenwich Ave, but once inside the world of “Star Trek” will be very much on display and for sale. New York City-based MakerBot, which bills itself as the global leader in desktop 3-D printing and scanning, is scheduled to open two new retail stores this holiday season: in Boston and Greenwich. The new stores will showcase MakerBot’s 3-D printers and scanner and will feature the MakerBot 3-D Photo Booth, workshops and 3-D printed gifts. The two stores are expected to open for the holiday shopping crush. They are currently hiring; online applications are available at makerbot.com/careers. The two new locations complement the company’s flagship store on Mulberry Street in lower Manhattan. MakerBot also sells online and through a global network of resellers throughout the world. “Boston and Greenwich are great retail environments and we are excited to bring the MakerBot Store to both cities,” said Bre Pettis, CEO of MakerBot. “This is also a homecoming of sorts for some of our employees as many attended schools in the area; our president, Jenny Lawton, has also been a retail fixture in Greenwich and ran her own tech company in the Boston area.” Lawton’s background is tech, but she also has run two successful independent bookstores, Just Books in Greenwich and Old Greenwich, plus Arcadia Coffee in Old Greenwich. In Boston, Lawton was founder of an information technology-consulting firm. “Boston and Greenwich are both terrific, tech-savvy communities, so it seemed natural to expand the MakerBot Store presence in these two areas,” said Lawton, who is president of MakerBot.
COHEN REPORTED NEAR DEAL WITH FEDS
SAC Capital — Steve Cohen’s Stamfordbased hedge fund — may be close to settling insider trading charges with the Securities and Exchange Commission for more than $1 billion, according to multiple news sources. Cohen, who has not been formally charged with any wrongdoing, will remain under investigation, reports say. The company, meanwhile, is said by Bloomberg News to be preparing to shutter its London office and to lay off the 50 employees there. Negotiations between SAC and authorities remain ongoing, the Wall Street Journal reported. A fine between $1.2 billion and $1.8 billion is reportedly under consideration. Cohen himself could pay
the fine, as was the case with a $616 million settlement on civil charges with the federal Securities and Exchange Commission. Forbes places his personal net worth at $9.4 billion. Some reports had SAC losing its ability to do business with outside money, but that detail remained speculative at press time. The firm’s wellspring of outside money has reportedly dwindled substantially with the federal investigation. SAC has denied the criminal charges of insider trading. It neither acknowledged nor denied charges in the civil settlement.
$9M GRANT FOR CHILD MENTAL HEALTH SERVICES
Gov. Dannel P. Malloy announced $9 million in new grants for mental health treatment and early detection for children. A grant totaling $8 million over four years will implement new activities and services in schools to create safe and supportive environments; and a separate $1 million grant over three years will promote training, consultation and identification of mental health problems in children and young adults. “Protecting the well-being of our children and improving the quality of life for their families have been the overarching goals of my administration and the need for these services has become even more evident after the Newtown tragedy,” Malloy said in a press release. “The addition of these grants will enable Connecticut to more effectively reach out to young adults who need mental health support and bolster safe school environments.” The grants will be administered primarily by the state›s Department of Mental Health and Addiction Services in partnership with the Department of Education, the judicial branch court support services division and local education agencies.
MONTHLY UNEMPLOYMENT REPORTS DELAYED
The government shutdown may be over, but its effects are still lingering. Connecticut’s Department of Labor announced Oct. 16 that its regularly scheduled labor reports would be significantly delayed, including September’s unemployment numbers and November’s Economic Digest. Labor force employment and wage estimates are produced in partnership with the U.S. Bureau of Labor Statistics, which was shut down along with several other resources during the 15 day government blackout. » See briefs, page 11