Who Knew? Northeast is Hotbed of Entrepreneurial Activity, For Some More than Others

Takes one to know one. Or, more accurately, know one and you may become one. That’s the bottom line of an exploration into entrepreneurship by a Kauffman Foundation researcher, who found that the Northeast is the best place to catch the entrepreneurial bug. As Connecticut sinks increasing dollars into initiatives to encourage entrepreneurship, develop jobs, and turn ideas into businesses (often with state financial incentives) the report offers guidance of factors influencing the frequency of entrepreneurial launches.  Connecticut Innovations,  established and supported by state government,  helps Connecticut businesses grow through creative financing and strategic assistance,  and is the nation's sixth most-active early stage investor.

The survey indicated that the likelihood of a person knowing entrepreneurs varied widely by location, income, gender, and age. Respondents were much more likely to know entrepreneurs if they were male, had modest income, or were middle-aged. And they were much less likely to know entrepreneurs (or be entrepreneurs) if they were female, had a higher income, or were located in the Midwest or South.

The study suggests that there could be “material increases in entrepreneurship simply through doing a better job of exposing people to existing entrepreneurs, especially peers or contemporaries.” Entrepreneurship grows, the study found, where it is planted.

Key factors to consider when attempting to encourage entrepreneurship, according to the study:

• Women have less exposure to growth entrepreneurs than men
• The young have much more exposure to growth entrepreneurs
• People in lower income strata are much less likely to be exposed to growth entrepreneurs

The study concluded that “In all cases, an individual’s exposure to entrepreneurs—and to growth entrepreneurs in particular—may increase his or her likelihood of being one. Entrepreneurship can be viral, but must be introduced early and often in environments where it is least often seen.”

The study distinguished between entrepreneurial companies and “growth entrepreneurial companies,” those companies growing more than 20 percent a year and with more than $1 million in sales, generate more employment and contribute more to wealth and GDP than do slower-growing ventures.

The likelihood of a respondent reporting knowing an entrepreneur in the United States was 36.7 percent. The likelihood of knowing a growth entrepreneur was considerably lower, at 15.4 percent.

When broken down by gender, the likelihood of males knowing an entrepreneur was 39.9 percent, females 35.8 percent. For growth entrepreneurs, the gender gap was considerably wide, 24.8 percent to 12.1 percent.

A year ago, CTNext, Connecticut’s innovation ecosystem managed by Connecticut Innovations (CI), announced the launch of the Entrepreneur Innovation Awards (EIA), a competitive pitch process that provides awards up to $10,000 to entrepreneurs in Connecticut for growth-related activities. CI helps innovative companies in four key ways: by offering equity, debt, grants and strategic guidance.

A month ago CTNext announced the winners of the latest round of EIA awards; Connecticut-based companies and entrepreneurs, received $10,000 for their project ideas. CI also selected David Wurzer, formerly a senior managing director at CI, to be chief investment officer and executive vice president. As part of his new role, Wurzer will be responsible for the management of the investment function, staffing needs, portfolio and risk management, outreach to stakeholders, budget planning and performance measurement.

The study “Getting the Bug: Is (Growth) Entrepreneurship Contagious?” was conducted by Paul Kedrosky of the Kansas City-based Kauffman Foundation, and is aimed at providing data to guide efforts across the country to grow entrepreneurship. The survey, which categorizes responses of 2,000 individuals by age, income, gender, and location, was done via Consumer Google Survey.

Tolland County is Healthiest in Connecticut, Fairfield Next, Report Finds

The healthiest county in Connecticut is Tolland County, according to a new report analyzing health data from nearly every county in the country. The 2014 County Health Rankings & Roadmaps ranked Connecticut’s eight counties by health outcomes and health factors. According to the report, health outcomes represent how healthy a county is while health factors represent what influences the health of the county.

In health outcomes, Tolland County led the way, followed by 2)Fairfield County, 3)Middlesex County, 4)Litchfield County, 5)New London County, 6)Hartford County, 7)Windham County and 8)New Haven County.

In health factors, Middlesex County ranked first, followed by Tolland County, Fairfield County, Litchfield County, New London County, Hartford County, New Haven County and Windham County.

The County Health Rankings & Roadmaps program helps communities identify and implement solutions that make it easier for people to be healthy in their schools, workplaces and neighborhoods, according to study authors. The Robert Wood Johnson Foundation collaborated with the University of Wisconsin Population Health Institute on the state-by-state analysis and report, which measured the health of nearly every county in the nation.

The report website includes “county snapshots” - detailed data for each county, in each of the health factors and health outcomes. Comparisons between counties, and the statewide numbers, are also available.

Health factors data included in the analysis are health behaviors, such as tobacco use, diet and exercise, and alcohol and drug abuse; clinical care, including access to care and quality of care; social and economic factors, including education, employment, income, safety and family support; and physical environment, including air and water quality, housing and transit. Health outcomes date included length of life, and quality of life, with factors such as physical health and mental health.

The report website provides specific data in each of the categories, and ranks Connecticut’s eight counties in each factor. This year’s Rankings release marked the fifth anniversary of the first national release of the County Health Rankings.

44 Connecticut High Schools Among Best in US; Top School in State Is #15 Nationally

Forty-four Connecticut high schools have earned a slot on U.S. News & World Report’s list of the nation’s Best High Schools. The top school in Connecticut, according to the rankings, is Academy of Aerospace and Engineering, an inter-district magnet school run by the Capitol Region Education Council (CREC), which came in at number 15 in the U.S. rankings.

The title of number one school in the country went to School for the Talented and Gifted in Dallas, Texas.  The top ten nationally included schools in Arizona, Georgia, Virginia, Florida, Michigan and California.  The publication’s 2014 Best High School rankings, included a review of 19,411 public high schools.

According to U.S. News & World Report, Connecticut has 17 gold medal schools, 20 silver medal schools and seven bronze medal schools. In order to be eligible for a state ranking, a school must be awarded a national gold or silver medal.

CREC’s Academy of Aerospace and Engineering, at #15 nationally, was the only Connecticut school to make the top 30.  The school plans to move to a newly constructed school facility in Windsor next year. It is a grade 6 – 12 magnet school with programs that build upon each other to help students gain skills and unique experiences in science, technology, engineering and mathematics (STEM) that prepare them for college and high-demand professional careers. The diverse student body comes from more than 30 cities and towns in the Greater Hartford area.

The Connecticut International Baccalaureate Academy, in East Hartford, ranked #2 in Connecticut and #31 in the nation, according to the US News rankings.  The #3 high school in Connecticut ranked #182 nationally – Weston High School.

In addition to the top 12 high schools in Connecticut (see chart), those making the U.S. News list included Joel Barlow High School (Redding), Simsbury High School, Greenwich High School, Newtown High School, New Canaan High School, Fairfield Ludlowe High School, Avon High School, Lyme-Old Lyme High School,  Brookfield High School, Fairfield Warde High School, Amity Regional High School (Woodbridge), Guilford High School, Glastonbury High School, Suffield High School, Litchfield High School, Metropolitan Learning Center (Bloomfield), and Bolton High School, all among the top 1,000 high schools nationally.

Also reaching the U.S. News list, were Valley Regional High School (Deep River), Bristol Central High School, South Windsor High School, Daniel Hand High School (Madison), Southington High School, Hill Regional Career High School (New Haven), Cooperative Arts and Humanities High School (New Haven), and Northwestern Regional High School (Winsted), which placed among the top 1,640 high schools nationwide.

Among the Connecticut high schools (see the full list of rankings) the top ranked school for college readiness was Lyme-Old Lyme High School, followed by Old Saybrook High School and Pomperaug Regional High School (Southbury).

The best student-teacher ratio in the state was 10:1, occurring in 13 high schools, including Bloomfield High School, Windsor High School, East Windsor High School and Windham High School.   Twelve schools were tied with the highest math proficiency in the state; four schools had the highest reading proficiency among their students – Newtown, Greenwich, Brookfield and Farmington high schools.

The US News site explains that "a three-step process determined the Best High Schools. The first two steps ensured that the schools serve all of their students well, using performance on state proficiency tests as the benchmarks. For those schools that made it past the first two steps, a third step assessed the degree to which schools prepare students for college-level work."

• Step 1 determined whether each school's students were performing better than statistically expected for the average student in the state.
• Step 2 determined whether the school's least-advantaged students were performing better than average for similar students in the state.
• Step 3 judged college-readiness performance using Advanced Placement or International Baccalaureate test data as the benchmarks for success.

Gold medal designation went to the top 500 schools (about 3 percent) based on the highest college readiness, the silver medal to high performing schools with lower college readiness numbers (about 9 percent of schools), and the bronze designation went to high performing schools based on state exam performance (about 15 percent of schools).  Three-quarters of the schools whose data was analyzed did not earn a “best” designation.

When One CT Beer Week Is Just Not Enough

For Connecticut’s growing beer industry, a single beer week was just not enough.

The Connecticut Beer Wholesalers Association, which is comprised of six beer wholesalers in Connecticut and conducted the CT Beer Week marketing campaign for the first time last May, has decided to double down on the effort in 2014.  The second annual Beer Week later this month will be the first to two “weeks” planned for this year.

The first Beer Week is coming up during the week of May 12 – 18, the same week as American Craft Beer Week. The second one is slated for October 14-20, and coincides with CT Restaurant week. Consumers are asked to “join us as we celebrate the growth of an industry in partnership with craft brewers, restaurants and retailers.”

Organizers say the "Brew & Buy Local" campaign brings focus to the Connecticut organizations that work together to strengthen “a vibrant industry filled with cooperative spirit and a desire to brew something good for Connecticut!”

Among the events in Connecticut later this month will be the 4th Annual Rising Pint Brewfest, designed to kick off American Craft Beer Week. The event will be May 10, 2014 at Rentschler Field, featuring over 90 craft breweries, live bands and local restaurants.  Proceeds of the Rising Pint go to Folds of Honor, a foundation working to help the families of our fallen and severely injured soldiers.

A full calendar of beer week events has been developed, and features more than 40 events around the state.  Connecticut has 22 local breweries, with a dozen new breweries being developed including three slated to open later this year in Oxford and Glastonbury.

Top Main Street Revitalization Initiatives in Connecticut Named

Manchester, New Britain, Waterbury, Seymour and the Northwestern CT Regional Planning Collaborative are being highlighted by the Connecticut Main Street Center (CMSC) for their strategic downtown revitalization initiatives.

As recipients of the organization’s 2014 Awards of Excellence, the efforts include a community college partnering with the downtown and others to create a co-working space; connecting the Naugatuck River with the downtown through extended trails and a linear park; and regionalizing marketing for a collection of small village centers.

The annual  Connecticut Main Street Awards of Excellence were created in 2003 to recognize outstanding projects, individuals and partnerships in community efforts to bring traditional downtowns and neighborhood commercial districts back to life, socially and economically. All of the award recipients continue the tradition of stimulating economic development and reinvigorating Connecticut's social centers, officials said.

"Our members continually inspire us with how creatively they respond to the needs of their community," said CMSC President & CEO John Simone. "They're deeply committed to every aspect of their downtown - the businesses, public spaces, local institutions, and above all, creating a place that people really enjoy living in and visiting. We couldn't be happier with how this year's winners represent all we stand for in downtown revitalization."

Submissions were judged on criteria which included innovation, replication, representation, partnerships utilized, and outcomes.  The awards will be presented at the 2014 Connecticut Main Street Awards Gala on June 9th at Roia Restaurant in downtown New Haven.  Award recipients, by category, are:

Events & Programming

Award of Excellence for Wine on Main St. to Main Street Waterbury, Terry Boyd, Braza Churrascaria, Courtyard by Marriott, Diorio's Restaurant, Shamrock Pub & Grill, Tryst Lounge, Signature's Restaurant, City Hall Café, Howland Hughes Center, and Nutmeg Fine Wine & Spirits.

Marketing & Communications

Award of Excellence for Discover NW CT to Northwestern CT Regional Planning Collaborative (representing the Towns of Sharon, Falls Village, Goshen, Cornwall, Canaan, Salisbury, Kent, and Norfolk), Studio Two, local business owners in the eight towns in the "Secret Corner", and local historical societies.

Public Space

Award of Excellence for Complete Streets Master Plan for Downtown New Britain to Downtown Streetscape Working Group, the City of New Britain (including the Mayor's Office, Public Works, Planning and Parks Departments), New Britain Downtown District, Polonia Business District, Central Connecticut State University/ITBE, Capitol Region Council of Governments, and Project Consultant Team.

Renewed Commitment to Main Street

Award of Excellence for Seymour Downtown Action Strategy to the Town of Seymour, Seymour Economic Development Commission, Seymour Downtown Committee, Greater Valley Chamber of Commerce, Naugatuck River Greenway Steering Committee, Naugatuck Valley Council of Governments, Downtown Merchants Association, Planimetrics, Milone and MacBroom; CT Department of Energy and Environmental Protection,and the National Oceanic and Atmospheric Administration.

Main Street Partnership

Award of Excellence for Axis901 and MCC on Main (Manchester) to First Niagara Bank, Manchester Community College (MCC) Foundation, and the Town of Manchester (Board of Directors and Staff).

Economic & Business Development

Award of Excellence to The Business Women of Grand Street (Waterbury) to The Dutch Flower Lady, Technology Forensics, John Bale Book Company, Fine Craft Jewelers, Dottie's 2, Princess Lingerie, Brass City Market on Field, and Fashion Addict.