Business

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
Shoreline Towns
1:30 pm
Fri November 2, 2012

Southeastern Connecticut Mops Up After Sandy

Harriet Jones

Southeastern shoreline towns are cleaning up and assessing damage after the hurricane, which brought a record storm surge. WNPR’s Harriet Jones reports.

Outside his Stonington home, Gary Giramonti is wading through several feet of water.

“We left Monday morning, and just came back this morning after a neighbor said, called and told us you need to get back”

The structure, which faces Fishers’ Island sound is still standing, but the interior has been turned upside down.

Read more
Hurricane Sandy
8:05 am
Fri November 2, 2012

Businesses Batten Down The Hatches For Sandy

Just as many households prepared for the worst of Hurricane Sandy, so too did employers. But what’s the evidence that businesses have learned anything from the natural disasters Connecticut experienced last year? WNPR’s Harriet Jones reports.

Read more
Business Environments
10:54 am
Tue October 23, 2012

A New Downtown For Mansfield

Harriet Jones

University towns face a unique challenge in fostering a successful downtown business environment. And perhaps none more so than the rural town of Mansfield, dwarfed by UConn’s massive Storrs campus. But the town is hopeful that a decade’s worth of work to construct an entirely new downtown will shortly come to fruition. WNPR’s Harriet Jones reports.

Read more
Where We Live
9:53 am
Fri October 19, 2012

Gambling in Connecticut

graciepoo (Flickr Creative Commons)

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.

Read more
New Technologies
11:05 am
Wed October 17, 2012

Green Jobs Push Includes Vo-Tech Training

Harriet Jones

Training the workforce of the future requires a lot of foresight about which new technologies will succeed in the long run. Connecticut wants to make an investment in green jobs, according to a new report, and its technical high schools are writing a new curriculum to suit. WNPR’s Harriet Jones reports.

Read more
The Mortgage Industry
7:32 am
Mon October 15, 2012

Mortgage Industry Grapples With New Regulation

If you’re planning to buy or sell a house, changes are on the way. The creation of the Consumer Financial Protection Bureau and the tightening of mortgage lending rules mean the industry is in the process of being turned upside down. WNPR’s Harriet Jones reports.

It’s been a turbulent period for the mortgage industry and four years after the financial crisis, the debates are still going on.

Read more
Manufacturing
5:00 pm
Mon October 8, 2012

Manufacturing Mania!

Harriet Jones

Manufacturing might be a tiny part of the economy these days but the state of Connecticut is making the case that it’s vital to the future. This has been declared Manufacturing Month, and today hundreds of school kids descended on a new show in Hartford designed to showcase the industry.

Welcome to Manufacturing Mania, the kick off for Connecticut’s month long celebration of the industry that’s defined its past, but struggles these days to stay in the public eye.

Read more
Energy Overhaul
12:22 pm
Mon October 8, 2012

Energy Plan Makes Bet On Natural Gas

Harriet Jones

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.”

Read more
Where We Live
11:14 am
Wed October 3, 2012

Fast-Growing Companies

Chion Wolf

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.

Read more
Historic Bell Making
11:08 am
Wed October 3, 2012

Bells Ringing Once Again In Belltown

Matthew Bevin returned to his family's historic bell making business in 2008. It was running at a loss, and Matt's uncle was about to sell the last bell factory in East Hampton.  Bevin, who is a serial entrepreneur in his own right, turned the business around within a year. In 2010 and 2011, Bevin Brothers, a 180 year old five-generation family business, turned a profit. 

Read more
Temporary Jobs
12:28 am
Tue October 2, 2012

Seasonal Hiring Picks Up

Harriet Jones

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.

Read more
Family Businesses
12:04 am
Tue October 2, 2012

Keeping It In The Family Part 2

Family businesses are arguably at the heart of the American economy, and yet there’s little recognition of their contribution. In the second of our series, WNPR’s Harriet Jones reports on the unique challenges facing families that go into business together.

Just how important are family businesses to the economy?

“There are statistics that say that family businesses comprise 80 to 90% of the business entities throughout the country.”

Read more
Business and Industry Association
1:51 pm
Mon October 1, 2012

Has State Recovery Lost Its Way?

Harriet Jones

Connecticut and the U.S. may appear to be in a recovery that’s lost its way, especially given recent disappointing jobs numbers. But the message from economists at a Rocky Hill conference seemed to echo President Obama – hang on and it’s going to get better. WNPR’s Harriet Jones reports.

Read more
Funding education
1:40 pm
Mon September 24, 2012

New Cash for Connecticut's Community Colleges

Harriet Jones

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. 

Read more
Business
11:35 am
Mon September 24, 2012

QE3 - The Good, The Bad And The Ugly

Sujata Srinivasan

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.

Read more
Where We Live
9:52 am
Wed September 19, 2012

Small Business Breakfast: Norwalk

Fred S.C. Li

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.

Read more
Keeping it in the Family
11:41 am
Mon September 17, 2012

Keeping It In The Family, Part 1

Harriet Jones

“Keeping it in the family” takes on a whole new meaning when that family runs a business. In the first of a two part series, WNPR’s Harriet Jones visits two very different family businesses here in Connecticut.

In an ordinary looking house in an unremarkable street in Bridgeport, an extraordinary enterprise is being carried on.

“I’m Beverlee Dacey and I am second generation of the family business….”

Read more
Training Centers
11:36 am
Wed September 12, 2012

New CT Centers Training Future Manufacturing Workers

Harriet Jones

Three new training centers opened this fall at Connecticut’s community colleges, aimed at turning out hundreds of workers ready to take jobs in advanced manufacturing. WNPR’s Harriet Jones reports.

These students at Housatonic Community College in Bridgeport are learning the theory behind computer numerical control, or CNC machining. Christopher Heun says he chose this manufacturing certificate course because he enjoys working with his hands.

Read more
Internships
9:05 am
Tue September 4, 2012

Internships to Stem the Brain Drain

Harriet Jones

Internships are a common way for big companies to bring on new talent and to decide on possible future hires. But running an internship program can be financially impossible for many of Connecticut’s small technology companies. WNPR’s Harriet Jones reports on a program that aims to change that.

Strain Measurement in Wallingford is an engineering firm that makes sensors, primarily for medical devices.

Read more
Where We Live
10:29 am
Thu August 23, 2012

Regional Roundtable: Casinos, Lobsters, and Presidential Politics

MGM Springfield

Could we someday have the “Springfield Strip?”  

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.

Read more
Housing
11:12 am
Tue August 21, 2012

As Housing Market Recovers, Small Businesses Pick Up The Pieces

Harriet Jones

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. 

Read more
Forming a Union
10:19 am
Thu August 16, 2012

Mystic Seaport Workers Ready For Union Vote

Harriet Jones

Workers at Mystic Seaport take to polls Friday to vote on whether to form a union. As WNPR’s Harriet Jones reports, it’s the latest stage in what has become a contentious labor relations saga for the famous museum.

Working at Mystic Seaport is about as far as you can get from the traditional 9 to 5.

“I do blacksmithing, sailmaking, coopering, sail handling, and then talk about the historical relevance of all the artifacts and exhibits around the Seaport.”

Read more

Pages