Report: Fairfield County is world’s 19th strongest economy

A new report released this week by the Martin Prosperity Institute looks into the strongest economies across the globe, assessing six factors to determine which metropolitan areas are the most economically powerful. And Fairfield County landed among the top 25, tied with spots like Helsinki, Finland; Sydney, Australia; and Washington, D.C. at No. 19. Leader […] [Read More]

United Rentals pumps up workforce

United Rentals added 650 employees to its total workforce last year, giving it 12,500 in all as its CEO Michael Kneeland described as “upbeat” the customers that lease its equipment and vehicles for varying jobs. Stamford-based United Rentals (NYSE:URI) has more than 880 locations in North America, including in Bridgeport and Danbury. In all, the […] [Read More]

Connecticut added 1,700 jobs in June

  Connecticut added 1,700 nonfarm jobs last month, suggesting that the state is on a steady albeit painstakingly slow march toward economic recovery. The data released Thursday from the state Department of Labor showed that June’s total employment of 1,667,400 marked a new recovery high. The state has now had five straight monthly job increases […] [Read More]
Categories: Economy, Jobs report

Connecticut sets record for foreign exports in 2013

Connecticut was among 16 states in the country that set a record for its foreign exports in 2013, according to the U.S. Department of Commerce in a press release last week. The state ranked 12th with $16.5 billion worth of merchandise exports, representing an increase of 3 percent over last year. The total record-setting value […] [Read More]
Categories: Economy, Exports

Update: Malloy unveils legislation to assist social entrepreneurs

In a follow-up to an earlier blog post previewing the governor’s economic development announcement, Malloy today introduced that he plans to introduce legislation to help businesses that promote social benefits, also known as social enterprises. “By creating a new corporate entity – the benefit corporation – Connecticut entrepreneurs can start businesses that compete in the […] [Read More]

The cost of gridlock

Much of the media has been fastened on New Jersey Gov. Chris Christie’s Bridgegate scandal. Some have surmised that readers have been devouring the story, in part because who can’t relate to a traffic jam? Here in southwestern Connecticut, it’s a daily reality for driving to work. But what exactly is the cost of all […] [Read More]
Categories: Economy, General

Shelton High grad turned Citigroup CEO garnering praise

He was brought in, in part, to get Citgroup out from under the regulators’ microscope. He was brought in, perhaps, to be a little boring. Today, former Shelton High football star Michael L. Corbat — whom we profiled this past summer — got some rather unconventional praise in a New York Times piece that ran […] [Read More]

Busy season kicks up for holiday road races…

Last week, we at the Hearst Connecticut business desk looked into the blooming market for Thanksgiving Road Races, or Turkey Trots, and came up with some interesting finds — for one thing, Thanksgiving is now the most popular road-racing day each year for Americans, with some 840,000 people finishing them across the country in 2012. […] [Read More]
Categories: Economy, General, Main Street