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Year in Review: Greenwich Business and Economy

Take a look back at the top stories in Greenwich business and economy

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Greenwich, CT | Added on December 29, 2014 At 01:27 PM

We are taking a look back at what made headlines in Greenwich business and economy in 2014. 

The Town's annual and much anticipated Sidewalk Sales got people shopping on Greenwich Avenue back in July. 

"The Sidewalk Sales has been a long standing tradition of our Chamber of Commerce. It's the time when we get to showcase and present all of our retail society at its best," said Marcia O'Kane, the Executive Director of the Greenwich Chamber of commerce.

"We actually wanted to participate in the sidewalk sales just to be part of the Greenwich community. We are just so happy to be here and we know how much everybody loves to come out. It's about participating," said Karakoc. 

The Sidewalk Sales have been a Greenwich tradition for over 30 years. 

Connecticut Light and Power announced that it will be closing its Greenwich location on Railroad Ave. and relocating to Stamford. Town officials disagree with this and have been meeting with CL&P officials to halt the move. 

""It's not just Greenwich, it's not just Connecticut. It's happening in Massachusetts, it's happening in New Hampshire. The reasons are all the same- increasing efficiency, it's reducing costs, and it's consolidating our operations providing, what e believe, will be better service to our customers who have come to expect and deserve that," said CL&P and Yankee Gas spokesman Mitch Gross.

"This is not so much based on the restoration, but the actual imminent life threatening emergency where somebody is trapped in a car with wires down, or its a motor vehicle accident where there's trees or poles laying on the ground, or we have roads shut down. So, we are very, very concerned," said Warzoha. 

And just as one company moves out of Greenwich, another moves in. Fifth Street is now headquartered in the old Nestle Waters building on West Putnam Ave. The financial service company moved from White Plains, and hopes this move will help them and the Greenwich economy thrive. 

"We are really happy about the Connecticut climate in terms of helping business. The Governor went out there and said, 'We can help you and build and grow your business,' so we can cut through some of the red tape," said Tannenbaum. 

"It's a real advantage for our area. It's an industry that's really essential, and of course, the people who are in it eat in the restaurants, they live here, they shop here. So, we are delighted to have Fifth Street up from New York," said Himes.

That's what made headlines in Greenwich business and economy over the past year. 

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