Industry and IBEW News

$60M Construction Loan for East Hartford Apts (subscrp)

https://commercialobserver.com/2025/06/60m-construction-loan-east-hartford-apartments/

A $60 million construction loan has been secured for a major apartment development in East Hartford, signaling continued investment in Connecticut's multifamily housing market. The financing will support new residential construction in the growing East Hartford area.

Waterbury Officials Tap Developer to Convert St. Mary's School into 80 Apts (subscrp)

https://hartfordbusiness.com/article/waterbury-officials-tap-familiar-developer-to-remake-former-st-marys-school-into-80-apartments/

Waterbury officials have selected a developer to convert the former St. Mary's School into 80 apartments, representing a significant adaptive reuse project. The conversion will transform the historic educational building into modern residential units, preserving architectural heritage while meeting housing needs.

Bioscience Firm to Move to Long Wharf Drive (subscrp)

https://hartfordbusiness.com/article/bioscience-company-plans-move-to-new-havens-long-wharf-drive/

A bioscience company has announced plans to relocate to New Haven's Long Wharf Drive area, contributing to the city's growing life sciences sector. The move represents continued expansion of Connecticut's biotechnology industry and development along the Long Wharf corridor.

Employment Boom: Locals Say Thousands Of Electricians Needed

https://cowboystatedaily.com/2025/07/06/data-centers-boomer-retirements-make-electrician-the-new-it-job-in-wyoming/

Wyoming is experiencing a major electrician shortage as data centers drive explosive job growth. The Bureau of Labor Statistics projects 23% growth in electrical trades for Wyoming, with wages rising from $54,000 in 2015 to $62,350 in 2024. Boomer retirements and new data center construction are creating thousands of job opportunities.

The US Grid Attack Looming on the Horizon

https://www.wired.com/story/youre-not-ready-for-a-grid-attack/

Power grid experts warn of record-breaking cyberattacks targeting electricity infrastructure, with utility attacks surging 70% in 2024. The U.S. electrical grid faces increasing vulnerability from nation-state actors like China and Russia, as well as domestic extremist groups targeting critical infrastructure that IBEW members help maintain and protect.