Thursday, October 22, 2009.
CT business failures at an all-time highFrom Connecticut’s NPR station: The numbers of businesses shutting their doors in Connecticut is at an all-time high. New figures from the Secretary of the State’s office show that nine-and-a-half thousand companies have failed so far this year. WNPR’s Harriet Jones reports.
Businesses that dissolve must file papers with the Secretary of the State’s office, and the latest figures show a record number of shut-downs for the third quarter. The 2,600 businesses that failed represent a nearly seven percent increase in shut downs from the same quarter last year. But there’s also evidence of turnover, with business starts on the increase, up almost two-and-a-half percent on the third quarter of 2008.
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