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Small Business

Patent trolls: Extortion at the expense of innovation

Ben Berman |

An unforeseen burden has plagued Connecticut businesses over the last decade. Between 2005 and 2015, a practice known as “patent trolling” has increased fivefold.

Expanded minority set-aside goals roil municipalities, contractors

Gregory Seay |

A state mandate to extend minority-contractor inclusion to municipal public-works projects involving state dollars is drawing skepticism from contractors and small-town administrators.

Independent Women: Mid-life female entrepreneurs finding their second wind

Gregory Seay |

There is a growing number women aged 40 and older who have chosen to plunge into entrepreneurism, say experts. They are opening businesses alongside Millennials at rates much faster than males,...

Simsbury Bank's $15M recapitalization done

The parent of Simsbury Bank & Trust Co. says it has completed its approximately $15 million recapitalization of the community lender, with the pricing and sale of 400,000 shares of common stock.

Study finds small biz owners co-mingle funds

Citizens Bank has released a study that shows 26 percent of small business owners lack a separate account for their company.

State launches minority business initiative

The state has launched the Minority Business Initiative to boost access to technical assistance, state, federal and private funding.

CT small business loans reach $238 million in 2015

U.S. Small Business Administration lending in Connecticut increased significantly in the federal government’s 2015 fiscal year ending Sept. 30, 2015. SBA backed loans rose 19 percent to $238...

Rare procedural vote revives Export-Import Bank

U.S. Rep. John Larson (D-CT) is praising a rare procedural move by the U.S. House of Representatives that appears to help revive the Export-Import Bank. Its charter had expired as of June 30.

Deals widen Berkshire Bank's 3Q net

Berkshire Hills Bancorp. lifted third-quarter net income on expanded loan volume, including from the Massachusetts lender's latest acquisition last summer.

United Bank backs women’s micro-loan fund

Stamford’s Women’s Business Development Center (WBDC) has been certified as a microlender to female-sponsored enterprises and immediately won financial backing from Glastonbury’s...

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