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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.”
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.
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?
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.