Connecticut’s recovery has been marked by persistent high unemployment. But many employers are starting to complain that they can’t find the skilled workers they need. WNPR’s Sujata Srinivasan asks – is that because they aren’t out there, or could it be that they’re just hard to find?
Governor Malloy’s proposed budget includes some bad news for commuters, including bus-riders. Some transportation advocates say Malloy is cutting too much money at a time when transit ridership is at an all-time high and infrastructure is crumbling.
It’s been a little over a year since Governor Dannel Malloy announced Startup Connecticut - an effort to support entrepreneurship in the state. The idea is to create an “innovation ecosystem” to grow the economy. The state is setting up four innovation hubs.
The state unemployment rate dropped for the second month in a row in December. But the numbers have been volatile with intermittent highs and lows that sometimes don’t seem to add up. WNPR’s Sujata Srinivasan takes a look at why short-term figures may not always show the long-term picture.
Advocates who work with domestic violence victims in Connecticut say many times the workplace can be a key to stopping abuse and saving lives. And they say many of the state’s employers could be doing a whole lot more to help.
The law firm of O’Brien Tanski and Young is located right in downtown Hartford.
“We used to be a very open law firm. We didn’t lock the door and people came and went without thinking.”
Economists and policymakershave been shaking their heads at the lackluster job growth in the aftermath of the Great Recession. But economic downturns are nothing new. With ingenuity, the state has bounced back through some very tough times in the past. WNPR’s Sujata Srinivasan takes a look at the nature of the recovery from an historical perspective.
The poet P.B. Shelly said: “History is a cyclic poem.” That may well hold true for the land of steady habits, which – since Colonial times – has reinvented its economy repeatedly to meet the needs of the day.
The Danbury-based FuelCell Energy Inc. recently announced plans to go forward with construction in nearby Bridgeport, Conn. of what will be North America's largest fuel cell.
Covering a space less than two acres, the plant will produce 15 megawatts of electricity from natural gas provided by the Connecticut utility company United Illuminating. The electricity, which will be enough to power 15,000 homes, will then be sold to Connecticut Light & Power.
Microfinance – or small-scale loans – has rapidly grown into an international business that connects investors with impoverished borrowers around the world. Currently, microfinance institutions (MFIs) operate in over 100 countries and fund more than 92 million borrowers, according to the Microfinance Information Exchange. For-profit firms like Stamford-based Developing World Markets (DWM) invest in MFIs in India, which in turn provide loans to poor entrepreneurs, primarily women.
The historic Colt complex in Hartford just got a new tenant. WNPR's Jeff Cohen reports. The Colt has been in development limbo for years, and it's gone through a series of developers. But things are looking up.
While shoppers gear up for Black Friday – maybe even for the midnight doorbusters on Thanksgiving – small businesses are hoping they won’t be forgotten in the holiday rush. This weekend marks the third annual Small Business Saturday. WNPR’s Harriet Jones reports.
If you’re a regular traveler on I-95, the name Clinton might bring to mind the big outlet mall that looms over the highway near that town.
The National Flood Insurance Program promises help for businesses and homeowners caught in devastating weather events like Sandy. But it’s a huge burden on taxpayers, and some critics argue that it encourages building in flood-prone areas. WNPR’s Sujata Srinivasan reports on how new rate increases for the program might affect its future.
Nearly 40% of small businesses that sustain severe flood damage in natural disasters subsequently close down. Pop’s Grocery on Main Street in Bridgeport is struggling to stay off that list.
Storms like Sandy are a huge liability for homeowners, businesses, and insurers. And one forecast say future weather-related losses will increase by up to 30% in Northeast coastal regions. Now some are asking if the insurance market could be a new lever to mitigate weather-related risks. WNPR’s Sujata Srinivasan reports on the opportunities for green insurance products.
Connecticut boasts about 34 wineries, each making their own varieties of wine. State law requires wineries to make their wines with at least 25 percent juice made from Connecticut-grown grapes. But there are suspicions that some vintners are skirting that law, and that is making some growers who are complying with the law angry. Hartford Advocate senior staff writer Gregory Hladky broke the story, and he joins us by phone.
If you’re a business owner affected by Superstorm Sandy, you may be eligible for a loan from the U.S. Small Business Administration. WNPR’s Sujata Srinivasan reports from a FEMA Disaster Recovery Center in Bridgeport.
After two decades, casino gambling in Connecticut has become a regular part of life here. Foxwoods Resort Casino and Mohegan Sun bring in visitors from around the country and they’re two of the biggest casinos in the world.
The state relies on them for revenue, which comes from those who lose money while gambling. They’re also bigtime entertainment destinations for area residents.
We’ll talk to the authors of two very different books about Connecticut’s casinos.
The Malloy administration’s new energy overhaul is winning both plaudits and protests. The centerpiece of the policy is a huge investment in natural gas infrastructure, and as WNPR’s Harriet Jones reports, it has implications for many businesses in the state.
Governor Dannel Malloy says his new energy policy reframes an old debate.
“It used to be that you could only be pro-business or pro-environment. Let me say clearly that I reject that as a false choice.”
We recently learned about the 40 “fastest-growing” tech companies in the state. The list includes bio-science, IT, manufacturing, and green technology firms. Matt Nemerson of the Connecticut Technology Council says the list is a kind of guide to a new economy for the state.
It’s time for additional hiring in some industries, as we head into the holiday season. WNPR’s Sujata Srinivasan reports on the outlook for seasonal employment this year.
Connecticut retailers are cautiously optimistic at what could be a promising holiday season. A key indicator, the Consumer Confidence Index measured by the Conference Board rose nine points this September, rebounding to levels seen earlier in February. Timothy Phelan is president of the Connecticut Retail Merchants Association.
U.S. Labor Secretary Hilda Solis was in Connecticut Friday, bringing a two-fold message to the state’s community colleges. She promoted the $12 million the administration has invested in new programs here, but as a prominent Latina, she also spoke about the importance of training the Latino workforce.
The US Federal Reserve launched a third round of quantitative easing last week, concerned about a lack of consumer and business spending. Dubbed QE3, the policy’s great for borrowers, bad for retirees on fixed income, and a mixed bag for Connecticut regional banks. WNPR’s Sujata Srinivasan reports.
Today we're broadcasting from one of the cultural meccas of Fairfield County - a waterside aquarium that hosts a half-millionlion visitors each year. Among other things, they have exhibits of seals and fish, and lots of stuff for kids.
Four times a year, WNPR's Small Business Project goes on the road to take the pulse of small business in our state. Today, we'll be visiting with business leaders from the shoreline to talk about something that's unavoidably important this year: the politics of small business.
Yesterday MGM unveiled their plans to revive the struggling Massachusetts city by pumping 800 million dollars into a gambling resort, entertainment complex, and housing development. It’s one of several proposals on the table as Mass tries to take on Connecticut casinos.
There are widespread reports of the resurrection of the housing market. National data due out this week are expected to show a bump in sales of both existing and new homes. But for the small businesses supported by the industry, it’s been a long slow journey out of the deepest housing slump in a generation.
Governor Malloy announced on Wednesday that a newly formed company - Sustainable Building Systems, Inc. - will establish its global headquarters in Connecticut with financial help from the state. The startup is expected to employ more than 400 people within four years.
The joint venture between Arizona-based Diverse Services Group and The Weeks Group of Australia will be headquartered in North Haven.