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.
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.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.