Business

Creating Revenue
8:49 am
Mon February 11, 2013

New Director for Mark Twain House

Sujata Srinivasan

The Mark Twain House & Museum will soon have a new executive director. WNPR’s Sujata Srinivasan spoke to Cindy Lovell on her plans to preserve Twain’s legacy, increase revenue, and promote tourism.

 

Read more
Electricity
8:38 am
Mon February 11, 2013

Power Restoration Largely Complete

Harriet Jones

Connecticut Light and Power says only around 140 homes remain without power after Friday’s storm. In all the utility has restored power to almost 70,000 homes, most of them in the Southeast of the state. WNPR’s Harriet Jones reports from Stonington.

 

 

Sunday afternoon, a utility crew raises a bucket truck under wires running along Pequot Trail in Pawcatuck. According to CL&P’s Bill Quinlan, crews like these worked literally around the clock this weekend.

Read more
Sales Tax
1:30 pm
Tue February 5, 2013

Amazon Will Charge CT Sales Tax, Build Distribution Center

alancleaver_2000, Flickr Creative Commons

Connecticut residents will have to start paying sales tax on purchases from Amazon.com later this year. As WNPR’s Harriet Jones reports, the web giant has plans to site a distribution facility in the state.

Read more
Connecticut's New Entrepreneurial System
8:46 am
Mon February 4, 2013

Starting Something at Startup Weekend

Harriet Jones

This Friday, wannabe entrepreneurs will gather at UConn for the second annual Startup Weekend Storrs. It’s a 54 hour marathon which aims to develop and launch new companies into the real world. But does it work? --  and does that matter? WNPR’s Harriet Jones reports.

 

Read more
Affordable Care Act
12:27 pm
Fri February 1, 2013

Obamacare Explained

courtesy Barbara Glassman Dell, MetroHartford Alliance

The Affordable Care Act is nothing if not complicated. Now a series of workshops aims to educate Connecticut employers about just how to comply. WNPR’s Harriet Jones reports.

 

Read more
Where We Live
10:58 am
Tue January 29, 2013

Connecticut Startup Culture

Chion Wolf

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.  

Read more
Jobs
3:59 pm
Fri January 25, 2013

Unemployment Data Conundrum

Sujata Srinivasan

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. 

Read more
In the workplace
9:03 am
Tue January 22, 2013

Employers Urged to Tackle Domestic Violence

Harriet Jones

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.”

Read more
Job Growth
9:58 am
Fri January 18, 2013

Are We Still the Land of Yankee Ingenuity?

Wiki Commons

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.

Read more
FuelCell Energy Inc.
4:26 pm
Thu January 17, 2013

North America's Largest Fuel Cell Plant Coming to Bridgeport

Courtesy of FuelCell Energy, Inc.

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.

Read more
Defense
10:38 am
Mon January 7, 2013

Why CT's Defense Industry Is Still Under Threat

Harriet Jones

The fiscal cliff could have had serious consequences for Connecticut’s defense industry. Across the board spending cuts were projected to threaten thousands of jobs in the state. And industry experts say last week’s deal didn’t change a whole lot. WNPR’s Harriet Jones reports.

Turning away from the fiscal cliff, says Pratt & Whitney’s Jay DeFrank was necessary, but the fix produced last week really fixes nothing.

Read more
Finance
8:34 pm
Sun January 6, 2013

Microfinance Faces A Remade Future

Sujata Srinivasan

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.

Read more
Retirement
12:03 pm
Wed January 2, 2013

Retirement Tax Rules At Issue In Fiscal Talks

Legislators appear to have stepped away for the minute from significant changes to tax advantaged retirement accounts in the latest attempt at a fiscal cliff fix. That’s welcome news for those who say right now most Americans don’t do enough to save for retirement. WNPR’s Harriet Jones reports.

Surveys consistently show that working for or owning a small business is a woefully bad way to plan for your golden years.

Read more
Credit Unions
11:18 am
Wed January 2, 2013

No Deal For Credit Unions On Small Business Lending

Harriet Jones

One group that didn’t get the Christmas present they were hoping for this year is the nation’s credit unions. They want to expand their lending to small businesses, but as Harriet Jones reports, regulation – and opposition from the banks -- stands in their way.

Many credit unions have a history of humble beginnings, and the Charter Oak credit union, based in Groton, is no exception.

“We were born in the Electric Boat boatyard, out of a lunchbox where five people put in $25.” 

Read more
Doubling the Workforce
12:17 am
Thu December 20, 2012

CT Firm Doubles Workforce on Export Order

Harriet Jones

A small Middletown company is about to double its workforce, as it signs a huge European export contract. WNPR’s Harriet Jones reports.

“This is our demonstration room. So you’ll see the flags. All these flags represent countries that we’ve installed equipment to…”

Gerard Fenerty is something of a world traveler. In recent years he’s collected more than a few airmiles.

“First one was in El Salvador and the United Kingdom. Then we did business in Venezuela and Colombia. And we did a number of other countries in Europe – Germany, France, Belgium, Denmark…”

Read more
Jobs
4:44 pm
Thu December 13, 2012

Hartford's Colt Complex Gets New Tenant

Jeff Cohen/WNPR

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.

Read more
Manufacturing
8:38 am
Thu December 13, 2012

CT Manufacturing Shows "Creative Destruction"

Harriet Jones

The Malloy administration has made a big commitment to nurture manufacturing in Connecticut, despite the fall off in employment in the sector over a period of decades. Are they right to place so much faith in making things here?  A new analysis attempts to answer that question.

The Naugatuck River Valley is one of the great seats of Connecticut’s manufacturing history. And Bill Purcell, president of the Valley Chamber of Commerce says that’s still relevant today.

Read more
Fiscal Cliff
12:01 am
Tue December 11, 2012

Paychecks Heading For The Fiscal Cliff

It seems there’s no end to the negative consequences of the fiscal cliff. And just the latest to be highlighted is the chaos it’s about to cause for payroll managers. WNPR’s Harriet Jones reports.

If there’s one thing taxes cause, it’s paperwork. In a little more than a week from now, payroll managers everywhere will have to start computing paychecks for employees for the new year. Trouble is, no-one knows how much tax we’ll be paying.

Read more
Recycling
11:44 pm
Mon December 10, 2012

How Trash Turns Into Jobs

Heather Brandon / WNPR

It might come as a surprise that recycled garbage makes quite an impact on the state’s economy. WNPR’s Sujata Srinivasan takes a look at the sweet side of trash.

Read more
Financial Incentives
3:02 pm
Mon December 3, 2012

State Puts Dollars Behind Innovation Partnerships

courtesy mberggr, Flickr Creative Commons

The state of Connecticut is offering financial incentives to small businesses to carry out research for large corporations. As WNPR’s Harriet Jones reports, the state is acting as a matchmaker for new projects

 

Innovation is expensive and often risky. It also requires many creative thinkers to get it working. That’s why increasingly many big technology-based corporations are looking for new partnerships and ways to outsource research and development functions.

Read more
Airports Driving the Economy
2:03 pm
Tue November 27, 2012

Where Business Takes Off?

courtesy Airport Data

 A new state initiative sees Connecticut’s airports as drivers of the economy. Bradley has been the model for this concept, and the vision may soon be replicated around the state.  WNPR’s Harriet Jones reports.

When Connecticut’s new quasi public Airport Authority was created last year, Governor Dannel Malloy gave it one, overriding mission – economic development.

Read more
'Tis the Season
10:56 am
Wed November 21, 2012

Small Retail Eyes Holiday Wallets

Harriet Jones

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.

Read more
Sandy's Side Effects
12:42 pm
Tue November 20, 2012

Flood Insurance Rates Set To Rise

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.

Read more
Weather
10:38 am
Tue November 13, 2012

Green Insurance May Get Boost From Sandy

NASA

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.

Read more
Sequestration
2:12 pm
Wed November 7, 2012

Threat Of Sequestration Looms In Connecticut

Harriet Jones

The nation’s growing deficit looms large over this election season, and once the vote is over, the winners will have to grapple with sequestration – a threatened across-the-board cut to federal budgets. WNPR’s Harriet Jones reports on what that might mean for Connecticut ’s defense jobs. 

Read more
Polling
5:48 pm
Tue November 6, 2012

Polling Move In New London Causes Confusion

Harriet Jones

Two polling places in Connecticut had to be moved for election day because of the destruction caused by Superstorm Sandy. As WNPR’s Harriet Jones reports, the switch may have affected turnout in at least one case.

Bridgeport and New London were the two towns that had to move a long-established polling place – in New London, the third district normally votes at Ocean Beach Park, but a ceiling collapse after the storm made the building unusable. Republican registrar of voters, Barbara Major.

Read more
Fruity Business
11:46 am
Tue November 6, 2012

Origin of Ostensibly Connecticut-Grown Wine is Called Into Question

CJSingh (Creative Commons)

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.

Read more
Connecticut
11:13 am
Mon November 5, 2012

Federal Loans For Small Businesses Hit By Sandy

Sujata Srinivasan

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.

Read more
Small Businesses Reopening Doors
2:18 pm
Fri November 2, 2012

Power Outages Frustrate Shuttered Businesses

Harriet Jones

As Connecticut gets back on its feet in the wake of Sandy, job number one for many small businesses is just to be able to open their doors once again. As WNPR’s Harriet Jones reports, in some hard hit shoreline communities, that’s a challenge.

Monday morning, as Sandy bore down on the tri-state coastline, some businesses defied the oncoming weather. In downtown Mystic, Wide World of Bagels was one of the few stores that still had power and owner Nicole Denkis was running to keep up with all the additional customers.

Read more
Communities
1:55 pm
Fri November 2, 2012

Malloy Tours Shoreline Towns

courtesy, Governor's office

Governor Dannel Malloy has appealed for patience as restoration efforts continue after Hurricane Sandy. The governor toured affected shoreline communities Wednesday. WNPR’s Harriet Jones reports.

 

Governor Malloy began his tour in Stonington, battered by intense winds and flooded by storm surge during Sandy. Part of the town dock, home to the state’s only commercial fishing fleet, was washed away.

 

“’You got pounded huh?’

Read more

Pages