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Business

Photo: bodycoach2, Flickr Creative Commons

Starting a business from scratch is a mammoth undertaking. Starting a business in the midst of a bad economy might seem like an impossible task. But entrepreneurship traditionally spikes in any recession – and this latest downturn was no exception. WNPR’s Harriet Jones reports.

Christina Kazanas used to be the principal grantwriter for the City of Stratford. Her friend Rebekah Harriman wrote grants for the City of Bridgeport.

J. Holt, WNPR

Connecticut’s marine industry is one of many facing tax increases in governor Malloy’s proposed budget. But those in the industry say the changes could have unintended consequences. 

Early April is a quiet time for boating here in Connecticut. Most pleasure boats are still tucked under winter covers, but for Connecticut boatyards this is just as important a time of year as any other.

At pilot’s point marina in Westbrook, Rives Potts is inspecting a 46 foot sailboat that his yard has been rebuilding in one of their sheds.

In 1970, a former Pratt and Whitney employee, Henry A. Backman, started the aerospace engineering and manufacturing company HABCO in Glastonbury with only 5 employees.

40 years later, his daughter, Kristen Muschett, owner and CEO of the company, employs 32 people, and oversees a growing portfolio of innovative products. WNPR's Sarah Miner reports.

(Machines working on the shop floor)

Harriet Jones

Over the next year or so, Pfizer will lay off more than a thousand people in Connecticut. If most of these highly skilled workers leave the state it’s estimated the hit to the local economy could be more than $100 million annually. WNPR’s Harriet Jones reports on the prospects for retaining some of these skills by growing new small businesses.

In a two thousand square foot former restaurant in New London you can catch a glimpse of what a homegrown biotech industry might look like in this part of the state.

Courtesy Kenneth Gosselin/The Hartford Courant

Harriet Jones

The state’s main economic development agency gets a new chief this week. On Thursday, insurance executive Catherine Smith will take up her post as Commissioner of the Department of Economic and Community Development. As she prepared for her new role, she sat down with WNPR’s Harriet Jones.

Many people might feel daunted by the challenge that Catherine Smith has taken on. But she says when the call came from Governor Dannel Malloy, she didn’t hesitate.

Paul Cross, Creative Commons

The proposed merger of Northeast Utilities and NSTAR would create the third largest utility in the country and the largest in New England

NU of course is based in Connecticut and NStar in Massachusetts.  The companies would retain headquarters in both states, but the top executives would be in Boston.

So, what does this mean for you?

Flickr Creative Commons, Hampton Roads Partnership

On today's show we're going to look at the elaborate networks -- pipeline is too straight and straightforward a word -- that exist in Connecticut to nurture new businesses -- which came to be called, in the last two decades -- "start ups."

Courtesy of Aetna

Insurers in Connecticut say they’re in dialogue with state officials as the new federal health care exchanges are constructed. The exchanges are due to go into effect in 2014. 

The Malloy administration has put new efforts into implementing the federal health care reform law, and special adviser to the governor, Jeanette DeJesus says many stakeholders, including the insurers are active in the process.

WNPR’s Small Business Project is taking an in-depth look at the health care crisis facing small employers. In the second of our two reports, WNPR’s Harriet Jones reports on what’s being done to address the problem.

Almost everything about health care reform is controversial. But one thing everyone does agree on. It’s time to act.

One of the biggest financial concerns most small businesses face is providing health care. This week, WNPR’s Small Business Project is taking a two-part look at the health care crisis facing small employers. In the first of her reports, Harriet Jones talks to the businesses that are feeling the pinch.

Adchem Manufacturing Technologies in Manchester is a very successful Connecticut small business, employing 35 people.

Harriet Jones

Governor Dannel Malloy has talked a lot about the importance of big business in his first few weeks on the job, and he’s sat down with many of the state’s largest employers. Monday in New London he visited with a small company, that ten years ago was just one man and his computer. WNPR’s Harriet Jones went along.

STEPHEN DUNN / HARTFORD COURANT

Incubator Assists Small Businesses in New Haven

Mar 7, 2011
Photo Courtesy of Connecticut Innovations

Connecticut doesn’t yet have a reputation as a breeding ground for new high-tech companies, but there are efforts underway to change that image.  In 2008, Connecticut Innovations introduced the CTech Incubator Program. WNPR’s Andrew Huston reports on some of the companies growing there.

Muhammad Yunus won the Nobel Peace Prize in 2006 for his work pioneering the concept of “micro credit,” providing small loans to village entrepreneurs as a way to fight poverty. 

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