The prolonged slump in the housing market has been tough on the economy and tougher on anyone trying to sell their home. It’s also been a trial for realtors, most of whom don’t see a paycheck from one long-delayed sale to the next. WNPR’s Harriet Jones reports.
Jordan and Elizabeth Hudak are members of that rare species, serious home buyers. They’re viewing a house in Avon. You might think they’re sitting pretty… not so, says Elizabeth Hudak.
Even in these uncertain times, the federal government has a lot of tax dollars to spend. But if you run a small business, taking advantage of that opportunity can seem pretty daunting. A recent conference in southeastern Connecticut aimed to demystify the process of doing business with the feds.
WNPR’s Harriet Jones reports.
Three Rivers Community College in Norwich hosted this day-long seminar, organized by the office of second district congressman Joe Courtney.
It’s a question on the minds of many business owners right now – are we in for a double dip recession? With slower economic growth and a stalled unemployment rate, business confidence seems to have plummeted. WNPR’s Harriet Jones reports.
There’s not much that Republicans and Democrats agree on in the current debt-ceiling standoff. But one thing that all sides accept is that the nation's legal borrowing cap has failed in its primary goal: limiting the nation's red ink. From Washington Deirdre Shesgreen of the Connecticut Mirror reports.
No one can anyone argue that the debt ceiling has served to rein in federal borrowing. The cap has been lifted at least 80 times and the U.S. government’s total debt stands at about $14.3 trillion.
The rest of Connecticut might groan at summer gas prices, but in Fairfield County, four dollar gas has a whole different meaning. Small businesses especially, pay the price for the county’s transportation woes. WNPR’s Harriet Jones reports.
When gas prices spiked this year, and gas was more than $4.30 a gallon in southwest Connecticut, the help wanted ads began going up all over Fairfield County.
WASHINGTON -- As T. Boone Pickens lobbies Congress to enact subsidies for the natural gas industry, the Texas oil and gas tycoon also is bringing his zeal for natural gas vehicles to Connecticut in a deal involving a non-profit corporation, two taxi companies and millions in stimulus dollars.
We give billions to charity every year, but are we actually solving the world’s problems? When we look at the programs meant to fight global poverty and disease, we tend to see two poles...either we just need more money thrown into the aid programs we now have, or we realize that all these billions are just going down the drain.
Our roller coaster economy has been a leveler - throwing the formerly rich and lower income people into the same basket. We thought we'd talk about debt, credit cards and bankruptcy with Mitchell Allen, author of A Survival Guide to Debt. He has been a debt counselor to many.
Abnormal snowfall this winter may have made the season a pain for many Connecticut residents, but it's shaping up to be a boon for local maple syrup producers. Aea farmers have sap flows they haven't seen in years. Ron Wenzel's sugar house is a little oasis each winter. "My wife calls this my man cave; I'm up here for 10, 12 days," he says.
Connecticut would like to reinvent itself as the next Silicon Valley. Some economic development experts say our future lies with the state’s small technology companies. If that’s to become a reality, Connecticut’s universities will have to be a key part of the change. A conference today at UConn aims to show the way. WNPR’s Harriet Jones reports.
This has been National Small Business Week. The President proclaims this week to honor and recognize the contribution of small businesses to the economy. Tonight the Small Business Person of the Year will be chosen in a special ceremony in Washington DC. WNPR’s Harriet Jones reports.
This was one of the snowiest winters in recent memory in Connecticut. There seemed to be almost an epidemic of roof collapses as buildings all over the state gave way under the weight of accumulated snowfalls. Many of those affected were businesses. WNPR’s Harriet Jones went to visit with one of them, to see how the recovery is progressing.
One snowy day last February, the two staff working at Alexandra Litor’s French bakery in Stafford Springs heard the sounds of the building collapsing all around them.
For many small businesses, training Connecticut’s workforce is a key issue for the state’s economic future. That’s one reason why Governor Malloy’s recent proposal to move the state’s technical high schools into municipal control raised so many eyebrows. WNPR’s Harriet Jones looks at how well Connecticut is planning to meet its workforce needs in the new millennium.
You might think in an economy like this, employers with a job to fill would be inundated with qualified candidates.
The nation’s first carbon trade system, which started in the northeast, may be in trouble. The Regional Greenhouse Gas Initiative, or RGGI, is designed to reduce greenhouse gas emissions ten percent by 2018. But now, three of the ten states in the initiative are considering withdrawing, in part, because of the cost to electric ratepayers. As part of a collaboration with Northeast stations, Amy Quinton with New Hampshire Public Radio reports.
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.
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.
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.
WEST HARTFORD--Xavier Rosa is stuck. The fourth-grader at Braeburn Elementary School knows that five is not a factor of 57-he got the question right on his homework assignment. And he knows that any number that ends in five is divisible by five. But his teacher, Michele Cashman, presses him to remember what the other half of the rule is, asking him how many cents he would have if he had two nickels.
Tourism is vital industry for Connecticut, generating some $14 billion in visitor spending each year. Small businesses are the mainstay of the sector. But as WNPR’s Harriet Jones reports, many are worried about the future.
Governor Dannel Malloy says he gets it on tourism.
“We’re going to rethink in its entirety our approach to tourism—we’re going to work where partnerships work and we’re not going to carry partnerships that don’t work.”
Governor Malloy says Connecticut’s “open for business” – but not everyone in the business community sees the same thing.
First it was United Technologies saying that Connecticut might be too expensive a place to do business. Now, Aetna’s saying the same thing. Is it possible that big corporations are making plans to get out of the state? Today we’re joined by The Hartford Courant’s Dan Haar, to talk about the role of Connecticut’s big employers in the future of the state.
Last year President Obama challenged the nation’s businesses to double their exports within 5 years. Connecticut has been responding to that call, and as WNPR’s Harriet Jones reports, small business has been a key part of the effort.
When the stock market crashed in 1929, Benjamin Roth was a young lawyer in Youngstown, Ohio. After he began to grasp the magnitude of what had happened to American economic life, he decided to set down his impressions in his diary.
We keep hearing that “small business” is what's going to drive an economic recovery. But I have a question: What is a small business anyway?
The Small Business Administration says anything under 500 employees is the number - but that's depending on the industry. The state’s jobs bill last year says it's under 50 employees, although most economists seem to agree under 100 is a more realistic and inclusive measurement.