2:37 am
Tue October 15, 2013

A Company's Tweets Can Help Make It Creditworthy

Courtesy of Kabbage

Originally published on Tue October 15, 2013 1:25 pm

For many online and other small businesses, getting a loan or a big cash advance is tough. Banks and other traditional lenders are often leery of those without years of financial statements and solid credit scores.

But some lenders and other financial services companies are beginning to assess credit risk differently — using criteria you might not expect.

Jeffrey Grossman is an acupuncturist in Bellingham, Wash. He's also a small businessman. He creates media marketing materials for other acupuncturists hoping to expand their practice.

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11:45 am
Mon October 7, 2013

Startups in Connecticut Develop Software Talent Pipeline

Derek Koch of Independent Software in New Haven.
Credit The Grid New Haven

The job of software developer is one of the hottest occupations in the world right now, and demand for developers is only expected to accelerate. That poses a dilemma for startup technology companies here in Connecticut. In an incredibly competitive marketplace, how do they find and cultivate the right talent? One program in Connecticut is trying to come up with a solution.

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12:02 pm
Thu September 19, 2013

UConn Economist: Spend Less, and Risk Being Worse Off

Credit Connecticut Center for Economic Analysis

Economists at the University of Connecticut are calling on the state to use bonds that have been approved by the legislature but never issued. The Connecticut Center for Economic Analysis forecast reports that if the state relies only on traditional drivers like the housing market to grow the economy, it could begin to lose jobs again in 2014.

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9:55 am
Fri September 13, 2013

Connecticut Companies Survey World Markets

Bill Stone, CEO of Windsor's SS&C Technologies
Credit Sujata Srinivasan

The U.S. economy is picking up and the Eurozone’s out of a recession, but emerging markets are now slowing down. In this new economy, companies find it takes more than one market to fuel growth.

Think of the global economy as a large pizza pie worth nearly $75 trillion. Each country adds more dough and toppings, and the pie keeps growing. But downturns change that.

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8:03 am
Tue August 27, 2013

Microloans Benefit Connecticut Mom and Pops

Sujata Srinivasan

In an ongoing effort to create growth for mom and pop businesses in the state, the U.S. Small Business Administration is making capital available to Connecticut Economic Development Fund, a non-profit offering micro-loans. WNPR’s Sujata Srinivasan has more.

James Dufour owns Connecticut Carpentry in Meriden. He makes cabinets for hospitals and employs seven people. Up until the start of the financial crisis, the nearly 30-year-old business had little trouble accessing bank loans. 

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11:41 am
Mon April 29, 2013

Opposition grows to Bridgewater project in Stamford, despite added sweeteners

(Read more in the Connecticut Mirror at 

Controversy is heating up over a plan by the hedge fund Bridgewater Associates to move from Westport to Stamford - with the help of taxpayer dollars. But Stamford officials are under increasing pressure to get it done.

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Post Sandy
8:43 am
Thu March 14, 2013

Critics say Bridgewater deal side-steps state and local policies

Governor Dannel Malloy says the state's $115 million investment in the hedge fund Bridgewater was made to save jobs in the state.  But the incentive plan to move the company from Westport to Stamford has drawn criticism from groups that say the Connecticut is sidestepping state and local policies.  

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Clean Burning
5:44 pm
Mon November 19, 2012

Malloy Promotes Energy Plan In Woodbridge

As debate continues over Connecticut’s new comprehensive energy plan, Governor Dannel Malloy has been traveling around the state promoting one of its key components: natural gas. On Monday, he visited a high school in Woodbridge which is now heated with natural gas rather than oil. 

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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.

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9:40 am
Mon June 4, 2012

Bootstrapping Your Business

Courtesy Tigerplish, Flickr Creative Commons

You’d think most entrepreneurs would follow the Facebook formula for success. Take an idea, bankroll it with venture capital, and float an initial public offering worth billions of dollars. But that’s not what every start-up wants. WNPR’s Sujata Srinivasan reports.

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10:01 am
Mon April 23, 2012

Crowdfunding: Progress or Pitfall?

war.ti: on Flickr Creative Commons

Entrepreneurs all over the country are buzzing about crowdfunding. A new federal law will make it possible for small companies to attract investors online. But not everyone in Connecticut is thrilled about the new rules. WNPR’s Harriet Jones reports.

Earlier this month President Obama signed into law the JOBS Act, a measure with rare bipartisan support.

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International Trade
1:58 pm
Mon April 2, 2012

Connecticut Firms Seek Chinese Investors

Connecticut has many links with China, and companies from the state have been on successful trade missions to sell goods there. But this weekend a different kind of mission will set out for China – one that aims to bring investment back to the state. WNPR’s Harriet Jones reports.

Connecticut has had links with China’s Shandong province, its sister state for some 25 years. John Schuyler of accounting and advisory firm Marcum, was among the representatives who went out with that very first twinning mission. He’s been back more recently.

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11:16 am
Fri March 2, 2012

Angels Seek Connecticut Investments

falcon1961, Flickr Creative Commons

Connecticut’s angel investment tax credit appears to be working as new figures show increased funding for start-up companies. Less encouraging, venture capital investments, the next stage of funding required for a company to grow, declined statewide last year. WNPR’s Sujata Srinivasan reports. 

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Where We Live
10:51 am
Mon January 30, 2012

Income Inequality and Economic Growth

zzzack, creative commons

The November elections are shaping up to be largely about the issue of income inequality.

That’s especially if multi-millionaire investor Mitt Romney gets the Republican nomination - which seems increasingly likely.  News of Romney’s tax rate - around 14% - coupled with outspoken statements from other uber-wealthy investors like Warren Buffett - who think they really should be paying more in taxes than those who work for them - have set up this battle.

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Local Impact
9:52 am
Tue January 17, 2012

State's Business Loans Mired In Paperwork

Sujata Srinivasan

Last year’s jobs bill set aside $100 million as a loan pool to help small businesses grow and create jobs. It’s dubbed the Small Business Express Package, and applicants were promised a quick turnaround. State officials have been touring the state to explain the program to businesses that might benefit. But as WNPR’s Sujata Srinivasan reports, they have yet to finalize a loan.

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Where We Live
10:37 am
Mon December 5, 2011

Internet Sales Tax

Chion Wolf

In the week after Thanksgiving, U.S. consumers spent nearly $6 billion online. Those numbers come from research firm ComScore, which says online sales are already up 15% from last year.

The benefits of internet shopping can include free shipping, no crowds and sales tax.

Across the country, states miss out on more than $7 billion from online sales.

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10:00 am
Wed October 26, 2011

NBC Sports Consolidates In Stamford

NBC Sports Group is to bring more than 450 jobs to Stamford as it builds a new studio complex in the town. WNPR’s Harriet Jones reports.

NBC will take over the former Clairol plant in Stamford under this deal, converting part of the 32 acre campus into a hockey studio and consolidating some of its other networks and operations at the site. The announcement was made by Governor Dannel Malloy.

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Where We Live
10:56 am
Wed October 5, 2011

Shedding Some Light On Light

Chion Wolf

Starting next year, light bulbs will have to be more energy efficient.

The federal regulation signed into law in 2007 (yes, prior to the Obama administration) has some people stocking up on incandescent light bulbs.

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10:51 am
Thu July 28, 2011

Collaborative Consumption

Book Cover Design by Nicholas Blechman

We all have junk...maybe too much. You know, the stuff we just don’t use that much. But what if there was a way to make better use of it?

For instance, you use a lawn mower once every few weeks. Your weed-whacker might get used once a year. So why spend hundreds of dollars on something that only occasionally gets used?

That’s one of the questions being asked by people taking part in what is being called “Collaborative Consumption.” Why buy something when you can swap, share, barter, trade or rent for it instead?

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Where We Live
10:24 am
Wed June 1, 2011

Smart Giving

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.

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Morning Edition
8:38 am
Tue April 19, 2011

Morning Edition: Community Investment Act

Six years ago the Community Investment Act was signed into law to preserve and protect the places that are important to Connecticut's identity and character, while also creating more affordable housing and offering municipalities help for capitol improvement projects. Now the Community Investment Act is touting it's successes since 2005 with a press conference today, and an exhibit at the State Capitol. Joining us by phone is Senate President Donald Williams who originated the law.

Learn more about the Community Investment Act 

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8:41 am
Mon November 1, 2010

Warren Buffett Hires Connecticut Hedge Fund Manager to Manage Portfolio

More details are slowly emerging about the Connecticut-based financial expert that Warren Buffett has chosen to oversee investments at Berkshire Hathaway. The billionaire has been trying to arrange succession planning at the company after his five decades in charge. 

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Financial Reform
8:32 am
Fri October 29, 2010

UConn Law Professor to Oversee Mortgages in Financial Bureau

A prominent UConn law professor has been tapped to advise the new Consumer Financial Protection Bureau, founded under the Dodd-Frank financial reform act. Patricia McCoy will be working on mortgages. McCoy is the director of UConn law school’s Insurance Law Center and an expert on consumer finance issues. She’s been a prominent commentator on the foreclosure crisis, and an advocate of protecting the rights of homeowners who were the victims of predatory lending.

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