News related to the Connecticut Small Business Development Center

Report Highlights Risks, Rewards of Starting a Business

NewsTimes.com – They may be young and small, but collectively they are a force to be reckoned with in the overall economy.

They are startups, and they account for one-third of all small businesses and a large portion of innovation and productivity, according to the Report on Startup Firms, the second in a series of reports based on the 2016 Small Business Credit Survey. Conducted by the Federal Reserve Bank of New York and released last week, the report defines startups as small businesses that were five years or younger in 2016 and had full- or part-time employees.

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"It's Good to Know That Someone Has Your Back"
Connecticut Small Business Development Center Opens UConn Storrs Headquarters

This article first appeared in the UConn Business magazine, Volume 4, Issue 3 (Summer 2014)

The sudden death of her father was a horrible personal tragedy for Dorothy Carlone’01 MBA and her family. But for the 14 dedicated employees at General Machine Co. in Berlin, pain mixed with panic, knowing that the company Walter Grzegorzek founded might not survive without him. Continue Reading