AGP Executive Report
Last update: 3 hours agoState Finance: Connecticut’s $1.44 billion general-obligation bond sale drew $3.8 billion in orders, about 3.5 times the amount offered. Refunding bonds are expected to save the state $19.8 million over nine years. Business Deals: HVAC distributor Watsco completed its acquisition of The Granite Group, a Northeast supplier with $500 million in revenue. TCB is also finalizing a merger with Ion Bank, signaling further consolidation in Connecticut banking. Wealth: Connecticut ranked first nationally for millionaire income, with roughly one in 111 tax returns reporting at least $1 million in adjusted gross income in 2023. Trade: A new Connecticut–India Trade Commission aims to promote business, investment and academic exchanges between the state and India.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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