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Small Business in Connecticut, and Why it Matters to You

Want to learn about how small business in Connecticut affects you? Read on to learn one local business owner's perspective about why our economy depends on you caring about small business.

We had our of Key Hyundai of Manchester around Valentine's Day. We invested $2.5 million into a new facility on the Vernon/Manchester town line. I know, right now you're thinking, "who cares? Here's some local business owner peddling her wares." And, you know what, I would probably be thinking the same thing if I was in your shoes. 

But, you should care. You should care about the small business investment that happens in your community, your town and our state of Connecticut. Why?

For starters, according to local Chambers of Commerce, for every $100 spent locally, $68 is returned to the community through taxes, payroll and other expenditures versus only $43 when your dollars are spent with out-of-state companies. 

If that still doesn't impress you, how about this? According the Small Business Adminstration, Connecticut had 75,626 small business employers in 2006 and they make up 50 percent of the total jobs in Connecticut!  So, if you are employed in Connecticut, there's a one-in-two chance that you work for a small business.  Not only that, but as of the last study, nearly all of the net new jobs created in Connecticut were created by small businesses. Who would have thunk small businesses would be more stable that our mighty corporations? Certainly not me!

I know one person who gets that: Senator Richard Blumenthal. Now, before you get turned off, this isn't a political endorsement. I'm pathetically apolitical. What this is is one business owner, one mom, one lifelong Connecticut resident who was highly impressed that Senator Blumenthal cares enough about small business to come to our Grand Re-opening celebration. We didn't hound him or track him down, all we did was send an invitation. Believe me when I say, there was nothing in it for him. There was no major broadcast media there, no press releases, no chance for big votes, just a Connecticut small business celebrating reinvestment in the Vernon/Manchester community. He had no possee, no driver, no press corp, just him. And, it was a Sunday. 

So, a huge thanks for Senator Blumental for supporting small business in Connecticut. And, the next time you have the option to buy local versus big box retailer, think about supporting your local business. Our state's economic survival may just depend on it. 

I would love to hear your comments about how you support local business in Connecticut and why?

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Jerry O'Connor March 07, 2012 at 03:24 PM
Here's another point about small local businesses: They support the community, its schools, non-profits, and youth activities to a much greater degree than big out-of-state companies, and pay local taxes that help support vital municipal services. When you go to your kids school play or Little League game check out the sponsor names on their shirts or in the program. You won't see Amazon.com.
Vicki Clark March 07, 2012 at 09:52 PM
Very well written Jill - is it a great point to be reminded of and Jerry you are absoultely right!! Shop locally, support you local business owners and in many cases your neighbors ...we do support the communities, schools and non-profits and I am sure you would both agree are happy to do so!!
Jill Merriam March 15, 2012 at 09:32 PM
Dear Jerry and Vicki, Thanks for your feedback. If you ever need anything, don't hesitate to reach out to me directly at jill@keycars.com. Thanks! Jill

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