small business

Small Business Lending
12:08 pm
Mon August 6, 2012

Lending Drops Amid Small Business Caution

Levels of lending to small businesses took a long dip this year, before recovering slightly in May. As WNPR’s Harriet Jones reports, it’s the first time since the height of the recession that borrowing has seen a prolonged decline.

It’s often said that credit is the lifeblood of a small business. And therefore when small businesses aren’t getting loans, it’s significant.

“Small business is at the forefront of the economy.”

Bill Phelan runs PayNet, a firm that tracks small business lending.

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Small Business Conferences
7:13 am
Mon July 9, 2012

Innovation, Trade Summit Comes To CT

Connecticut will be the destination later this month for hundreds of small high tech companies from all over the Eastern United States. They’ll be here for the national Small Business Innovation Research and Global Trade Summit, to be held at Mohegan Sun. WNPR’s Harriet Jones reports.

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OpSail
8:42 am
Fri July 6, 2012

New London Preps For OpSail

Harriet Jones

The tall ships sail into New London this weekend for OpSail – the first time in 12 years that Connecticut has hosted the event. WNPR’s Harriet Jones visited the city to see how it’s getting ready.

Coming into New London on Eugene O’Neill Drive, you might glance across one of the city’s car parks and notice two painters hard at work on an enormous mural. Ten feet up in the air on a hydraulic platform. 

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Small Business Express Program
9:33 am
Thu June 14, 2012

State Loan Package Broadens Its Focus

Sujata Srinivasan

It’s been about six months since Connecticut issued its first loan under the Small Business Express program. The aid package has proved wildly popular with business owners in the state, but as WNPR’s Harriet Jones reports, it’s raised some questions along the way.

What do a printing firm, a financial services company, a hardware store and a biomedical device maker have in common? They all qualify for funding under the state’s small business express program.

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Entrepreneurship
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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Sunday Sales
7:45 am
Mon May 21, 2012

Sunday Sales Begin In Connecticut

Harriet Jones

For many package stores in Connecticut, this is the morning after. They’re tallying up the take from their first ever day of Sunday sales. WNPR’s Harriet Jones reports.

They knew it was coming, but up until last week, package store owners didn’t know exactly when.

“It’s done….”

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State Agencies
9:15 am
Fri May 18, 2012

Can State Government Run Lean?

Harriet Jones

Some Connecticut state agencies have a horrible reputation among the businesses that use them. The way they implement regulation is seen as onerous, confusing and above all, expensive. WNPR’s Harriet Jones reports on an effort to change that.

If you cast your mind back to the 2010 gubernatorial election, you’ll remember that state agencies and the conduct of state government took a kicking in the debates.

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Connecticut Legislature
10:17 am
Tue May 15, 2012

Business Community Rates The Session

The legislative session just past made some major changes in the state of Connecticut. It abolished the death penalty, established Sunday alcohol sales, legalized medical marijuana and began a process of reform of the education system. But what was in it for the business community? WNPR’s Harriet Jones reports.

The dust is beginning to settle on the short session that finished last week, and reflection is beginning.

“From the small business perspective I think honestly there’s not much that was achieved.”

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Business Education
7:31 am
Fri April 27, 2012

Deans From Business Schools Around The World Gather In New Haven

Deans from 21 top business schools around the world will gather today in New Haven. Yale University will host the first meeting of a new global network for business education.

The international focus of the Global Network for Advanced Management is something totally new in the business school world, says Edward Snyder, Dean of the Yale School of Management.  

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Crowdfunding
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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Small Business and Health Insurance
2:13 pm
Thu April 12, 2012

Realtors Support Small Business Healthcare Access In CT

Harriet Jones

Connecticut’s realtors are throwing their weight behind the effort to allow small businesses to buy into the state’s health insurance pool. WNPR’s Harriet Jones reports.

About 600 realtors gathered at the Capitol Thursday to lobby legislators about a range of issues. But Bob Kimball, the president of the Connecticut Association of Realtors says one issue at the forefront of everyone’s mind has little to do with the housing market – health insurance.

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Sales
10:40 pm
Wed March 21, 2012

Key Committee Agrees Sunday Sales

Connecticut is a step closer to Sunday alcohol sales, after a key committee voted in favor of the measure. But the bill leaves in place many protections for small package stores worried about sweeping deregulation. WNPR’s Harriet Jones reports.

This has been one of the consuming issues in this short legislative session – one that prompted a marathon 12-hour public hearing before the General Law Committee. Republic state Senator John Kissell said it was an extraordinary day.

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Small Business and Health Insurance
11:38 am
Wed March 21, 2012

Healthcare Bill Attempts To Improve Access For Small Businesses

Harriet Jones

A new bill before the legislature aims to provide more options for small businesses purchasing health insurance. But as WNPR’s Harriet Jones reports, it looks likely to stir up significant controversy.

Carolyn Malon runs a dental practice with her husband in Farmington.

“Every day in my own practice, I see the challenges that patients, self-employed people and small employers have in assessing good quality insurance coverage.”

As a small business owner she’s backing new legislation to increase access to health coverage for a very personal reason.

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Alcohol Sales
9:31 am
Mon March 12, 2012

Blue Law Changes Feared, Welcomed

Harriet Jones

In the past, attempts to reform Connecticut’s blue laws have been dominated by one simple issue – Sunday alcohol sales. But the bill before the legislature this year takes the debate much further. And it has the package store industry in uproar. WNPR’s Harriet Jones reports.

Here at the Legislative Office Building with the session in full swing, many of the conversations are about one thing.

“This has been such a significant issue in the building.”

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Coming Home Project
2:07 pm
Wed March 7, 2012

Defense Department Mistakes Keep Contracts From Disabled Veterans

Photo by Chion Wolf

A 2004 law requires a certain percentage of federal contracting dollars to go to small businesses owned by service disabled veterans. But a recent inspector's report from the Department of Defense finds that in 2010, more than two dozen contracts were awarded to companies that weren't eligible.  

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Rocky Hill
11:25 am
Mon March 5, 2012

New Leadership For Connecticut Innovations

Sujata Srinivasan

Connecticut Innovations has a new chief executive officer in charge of a potential merger and a much larger investment portfolio. Claire Leonardi spoke to WNPR’s Sujata Srinivasan on how she plans to shake up the organization.

Claire Leonardi brings more than 30 years of experience in the financial services industry to her new job as CEO of Connecticut Innovations – or CI – a state-funded organization in Rocky Hill that invests in advanced technology ventures.

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Retail
12:07 pm
Fri February 24, 2012

Award Winning Retailer Closes Doors

Harriet Jones

  We’re told the economic recovery is gaining pace, but some businesses are still finding it hard to keep their footing in this changed economic landscape. WNPR’s Harriet Jones reports on one high profile business failure in Connecticut this week.

The tills are ringing briskly at North Cove Outfitters in Old Saybrook, but that’s because bargains are flying off the shelves in a liquidation sale. Regular customer Mike Campbell summed up the mood.

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Jobs
10:47 am
Thu February 23, 2012

Grote & Weigel Will Remain In Business

Harriet Jones

The Grote & Weigel meat processing company has been saved from closure and 40 people will retain their jobs at the Bloomfield institution. WNPR’s Harriet Jones reports.

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Books
7:15 am
Mon February 13, 2012

Iconic Madison Bookstore For Sale

Harriet Jones

News this week that the book world will soon mark the end of an era. Roxanne Coady, doyenne of independent booksellers, is putting up the “for sale” sign on her creation, RJ Julia. The store has been a fixture in Madison for more than 20 years. WNPR’s Harriet Jones went to visit.

You only need walk in the front door at RJ Julia to know this is Roxanne Coady’s mission. Coady left a lucrative corporate career when she was turning 40 to begin this personal passion. Now 22 years later, she says it’s time to move on again.

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State Budget
11:41 am
Mon February 6, 2012

Business Leaders Call For Fiscal Restraint In Legislative Session

The General Assembly reconvenes later this week for a session that looks to be jam-packed with issues. The state’s largest business organization says lawmakers will have a difficult balancing act. WNPR’s Harriet Jones reports.

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Entrepreneurs
11:30 am
Mon February 6, 2012

Stamford Innovation Center Opens For Business

Harriet Jones

The City of Stamford hopes to attract high-tech entrepreneurs with a new initiative to convert its Old Town Hall into a business incubator. 

Stamford’s gracious, marble-lined Old Town Hall occupies some prime real estate in the center of town, but it hasn’t served as a hub for the town since the 1960s. Now it’s bustling once again.

“It’s a center of gravity and it works for the whole community.”

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Where We Live
10:23 am
Mon February 6, 2012

Locavesting

Shai Barzilay (Flickr Creative Commons)

Investment options are endless...Apple, Walmart, Starbucks, Microsoft, Exxon Mobil...but how about countless numbers of local startups around the country?

They might not be the most obvious investment choice. But many people call small business the backbone of our economy and the cornerstone of our communities.

So why aren’t we investing more in them?

Today, a look at investing locally or what our guest and author Amy Cortese calls locavesting. Her book looks at this new movement and explains how to profit from it.

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Meat Processing
9:26 am
Wed February 1, 2012

No Relish In Historic Company Closure

Harriet Jones

The owner of Grote & Weigel says he’s still hopeful of finding a buyer for the troubled meat processing company. As WNPR’s Harriet Jones, the historic Bloomfield firm is due to shut its doors in less than two weeks.

The smokehouses at Grote & Weigel’s Bloomfield headquarters are still running, for now.

“We’re reaching a point where we’re running out of meat now and we’re running out of casings and all the other supplies we need to make the hotdogs.”

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Jobs Bill
11:39 am
Fri January 27, 2012

Dems Seek To Expand Access To Jobs Bill

Harriet Jones

Connecticut Senate Democrats say they want to tweak the jobs bill that passed in last fall’s special session, in order to make it more effective for businesses. WNPR’s Harriet Jones reports.

Senate leaders chose the shopfloor of a successful Connecticut manufacturing business to make this announcement, Adchem Manufacturing Technologies in Manchester. Senate President Don Williams.

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Government
9:16 am
Mon January 23, 2012

Open Innovation For Government

Harriet Jones

A Connecticut company is partnering with NASA and Harvard University in an initiative that it hopes will bring a whole new level of efficiency to the federal government. WNPR’s Harriet Jones reports.

Topcoder, based in Glastonbury, was founded just ten years ago, but in that decade it’s become something of  a touchstone in the tech community.

“The idea that nobody is as smart as everybody is catching on now.”

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Connecticut Loans
2:31 pm
Fri January 20, 2012

Express Package Gets On The Road

Harriet Jones

The state of Connecticut has made its first loan under the small business express package. As WNPR’s Harriet Jones reports, it comes just days after questions were raised about the program’s paperwork problems.

Scott DeFelice CEO of Oxford Performance Materials shows Governor Dannel Malloy the new equipment his company has invested in since moving into this new South Windsor facility in August.  Malloy is here because Oxford is the first company to get a loan under the state’s small business express package.

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Where We Live
11:01 am
Wed January 18, 2012

Hartford Restaurants Making The Grade

jimg944, creative commons

It’s already in place in New York - a grading system for restaurants. Soon, Hartford diners will find out if their favorite hotspot makes the grade.

This new grading system is also in place in Stamford, Norwalk, and the Farmington Valley.  How does it work?

Starting this month, Hartford health inspectors will begin checking each of the city’s 1,300 restaurants for cleanliness and safety. Following the inspections, restaurants must display their letter grades - “A” or “B.”  But there’s no, C, D...or a “For God’s sake don’t eat here.” Why not?  

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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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Veterans
2:42 pm
Wed January 11, 2012

Connecticut Businesses Mull Hiring Jobless Vets

Unemployed veterans hope new tax credit initiatives at the state and federal levels will help them find jobs. Some Connecticut businesses say they’re just waking up to the opportunity.

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Starting Your Own Business
9:40 am
Tue January 10, 2012

Older Entrepreneurs More Numerous, Successful

Harriet Jones

If you want to start your own business, your age may be a critical factor in your success. But not in the way you might imagine. WNPR’s Harriet Jones reports.

Picture an entrepreneur. Are you thinking of a young, intense 20-something, up all night writing computer code? The reality, more often than not, is at the other end of the age spectrum.

“This is my place of business, which is two filing cabinets and a used laptop and a used monitor. Starting a new business you’ve really got to improvise.”

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