News & Updates

Bipartisan celebration marks Fifth Street ribbon-cutting in Greenwich

By Staff, on Sep 16, 2014

September 15, 2014
By Ken Borsuk
Read the full article on the Greenwich-Post

There was a festive (and bipartisan) mood in the air on Wednesday when company owner Leonard Tannenbaum and his wife Stacey cut the ribbon on the new Greenwich headquarters of Fifth Street Management, LLC.

There were so many people on hand for the official opening for the company’s presence at 777 West Putnam Avenue, where it has taken over the entire third floor, that U.S. Rep. Jim Himes (D-4th) termed it a “who’s who of Connecticut politics.” Beyond Mr. Himes, First Selectman Peter Tesei and Selectman Drew Marzullo were there as was State Sen. L. Scott Frantz (R-36th), State Sen. Bob Duff (D-25th) and State Reps. Livvy Floren (R-149th), Stephen Walko (R-150th) and Fred Camillo (R-151st), among others, including the state Commissioner of the Department of Economic and Community Development Catherine Smith. And they were on hand to show their support for Mr. Tannenbaum, who had relocated his headquarters from White Plains, N.Y., to Greenwich, bringing in close to 90 jobs to town, with more slated to be added in the years to come.

Why U.S. Competitiveness is on the Rise

By Staff, on Sep 4, 2014

September 3, 2014
By Margareta Drzeniek
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For an economist whose job it is to measure countries’ success (or otherwise) in laying the foundations for long-term prosperity, the concept of green shoots for me takes on a different meaning to those most often reported in the press as harbingers of better times. Increases in gross domestic product, falls in joblessness and upticks in new housing starts are of course good and welcome, but taken alone these indicators offer us little insight into how the US economy will be doing in five or ten years’ time.

Connecticut Graded "D" in Overall Friendliness to Small Business

By Staff, on Jul 5, 2014

The Economist: The best and worst states for small business - Red tape blues
Small businesses fret less about taxes than over-regulation

July 5th, 2014 
Click here to read the full article in The Economist


IAN TONER, an architect in Philadelphia, recently went to city offices for a permit to build a stoop for a client’s home. The city, he learned, had just imposed new requirements: he would have to get maps from gas, electric, water and other utilities to ensure the stoop would not disturb their underground lines and then resubmit his application. A process he thought would take a day took more than two weeks.

CNBC’s Rankings: A Four-Year Slide - 2014 Top States for Business

By Staff, on Jun 25, 2014

June 25, 2014
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2014 Top States for Business

CNBC released its annual business rankings this week, and for Connecticut, the results were all too familiar.

The state slipped for the fourth consecutive year, this time to 46th and a place in the cable network's worst five states for doing business. Only Alaska, West Virginia, Hawaii, and Rhode Island fared worse.