Prompted by Economy, Only Half of Nation's Millennials Plan to Work for Same Company Next Year, Gallup Survey Says

Millennials are entering the workforce in increasing numbers, and are the intense focus both of governments – including Connecticut – and businesses seeking to attract and retain them.  As Connecticut’s economic ranking among the states continues to hover near the bottom, the job choices of millennials become increasingly important to future economic vitality. Even amidst less than favorable comparisons in recent rankings, Connecticut has managed to achieve recent employment figures that show improvement. Last month, the state added some 3,000 jobs in the private sector and wages have also risen slightly in recent reports after a period of stagnation, WNPR reported recently.

Heather Ziegler, managing partner for Deloitte in Stamford, told WNPR that in her view the state is doing some things right, like encouraging high technology industries and fostering entrepreneurship. "But what I think is most effective, and one of the challenges at the same time," she told WNPR, "is getting individuals with the right skill sets interested in staying in the area and staying in Connecticut, versus moving on to the larger metropolitan areas that we are right between."66nbc

Millennials are already in a tough situation – they’re better educated, yet earning less than their counterparts in 1990, points out Christine Schilke of Young Energetic Solutions (YES CT), a statewide initiative seeking to empower young people to create a vibrant Connecticut.  She indicates that “while 28% of millennials hold bachelor’s degrees compared to 24% in 1990, only 67% are employed, compared to 74% two decades ago.  Those who are working earn an average $40,849, versus $46,569 by their predecessors.”

Today’s millennials,” Schilke adds, “are also burdened with college debt, and are less likely to be married, live alone or drive. Adding to these challenges is the fact that Connecticut has some of the highest homeownership and rental costs in the nation (6th and 8th most expensive, respectively), creating a tough living environment for today’s young adults.”

Nationwide, according to a recent Gallup poll, six in 10 millennials say they're open to different job opportunities, and only 50% plan to be with their company one year from now. Millennials are cracking under the weight of too much debt, according to Merrill Lynch's 2016 Workplace Benefits Report, which points out that only 24% of millennials surveyed say that they are in control of their finances.

Technology is the primary facilitator of millennials' job research: 81% of millennials indicate that they view the websites of organizations they're interested in, and a majority (62%) report that they conduct a general web search to learn about job opportunities, Gallup reports.millennials

Not surprisingly, “millennials are extremely digitally connected, and smartphones have become a ubiquitous accessory for them.” Gallup found that 91% of millennials owned smartphones in 2013, compared with 83% of those in older generations. And compared with other generations, millennials are:

  • almost 40% more likely to say they sent or read email messages "a lot" within the past day
  • 2.5 times more likely to say they posted or read messages on Facebook, Instagram or another social media site "a lot" within the past day
  • 11 times more likely to say they used Twitter, including posting or reading tweets, "a lot" within the past day
  • more than 2.5 times more likely to say they sent or read text messages "a lot" within the past day

To attract the best workers, Gallup suggests, “organizations need brand strategies that account for millennials' motivation and ability to find the best employers -- especially considering that millennials currently make up 38% of the U.S. workforce, and some estimate that they will make up as much as 75% of it by 2025.”

https://www.youtube.com/watch?v=OkOmyg5lJbQ

Nonprofits, Local Companies See Benefit From Business Arrival in Capital City

The arrival of Blue State Coffee in downtown Hartford has been more than a convenient place to grab a cup of coffee for supporters of a number of nonprofit organizations in the Capitol City.  It has also meant the introduction of a new revenue stream for organizations they care about, at a time when budgets have been particularly tight. Most recently for Our Piece of the Pie, Journey Home, Unified Theater, The iQuilt Plan, Partnership for Strong Communities, Dream Camp at Trinity College, CT ALIVE and Hartford Food Systemblue state, Blue State Coffee’s policy of sharing two percent of their profits with local organizations suggested by their customers has been most welcome.

Turns out it can make a difference with a retail business with a commitment to social benefit comes to town.

Blue State Coffee, founded in Rhode Island in 2007, provides their customers at each of their store locations to choose four local non-profit organizations twice a year for a six-month period. Each time a customer makes a purchase he or she may vote for one of the four non-profits being supported at that time. They then allocate 2 percent of sales based on the number of votes each organization receives during the six month donation period.

IMG_0522Since their first store opened in July of 2007, the company reports they have donated over $635,000 to more than 250 non-profit organizations. In total, the company operates eight cafes: four cafes in Connecticut, two in Rhode Island, and two in Massachusetts.

Hartford, which opened just under a year ago at 777 Main Street, was the fourth location in Connecticut, following three in New Haven (84 Wall Street opened in January 2009, 276 York Street opened in May 2010, and 320 Congress Avenue opened in September 2012).  There are also two locations in Boston and two in Providence.   In New Haven, nearly 100 nonprofit organizations have received support since the first coffee shop opened in the Elm City.

Blue State is also very much a part of the trend to use local farms, local goods and local vendors.  The Hartford location, for example, features eggs from Bloomfield, milk from Lebanon, bread from Deep River, Bagels from Cheshire, produce from Simsbury and maple syrup from North Grosvenordale. IMG_0523

As the company website points out, “We will continue to grow, creating community within our stores and demonstrating that business can be a positive force for good.”

Two CT Companies Among Inc. 500 As Fastest Growing Private Businesses; 40 in State Reach List of 5,000

Two companies with Connecticut addresses are among the 500 fastest growing private companies in America, cited in the annual survey published by Inc. magazine in their September edition.  Saatva, which sells “America’s best priced luxury mattress” exclusively on-line, is ranked at #316 and Discover Video, a video hardware and software company that works across multiple industries, is ranked #428. They were the only two companies to earn a slot in the top 500.  An additional 38 Connecticut companies were listed on the Inc. 5000, also announced recently.

saatvaWallingford-based Discover Video provides software and hardware to corporations and educational institutions that seek to improve their communications through the use of video. The company ranks #428 on the Inc. 500, is ranked #5 among America’s fastest growing media companies, and #2 in Connecticut. The company has grown 893 percent in the last three years.

“We are thrilled to be recognized” said Rich Mavrogeanes, Discover Video CEO. “We provide great products, love our customers, and have a fantastic team. Our customers take comfort in our financial stability and long term prospects, and this award certainly demonstrates that.”

Founded in 2009, Discover Video, LLC provides “powerful and affordable video streaming and digital media solutions to organizations of all sizes in three ways: Products, Services and Expertise,” according to the business website. Clients include the Emmy Awards, the National Association of Broadcasters and the White House, according to the company.site-logo-small

Ranked at #316 on the Inc. list, Saatva’s three year growth is 1,220.9 percent.  The company constructs and sells luxury mattresses.  The company’s administrative mailing address is Wright Street, in Westport; another administrative office is located in Austin, TX.  The online Inc. summary indicates they are a Connecticut company; the magazine’s print edition lists the company as based in New York City, where back-office logistics emanate.  The business has 18 factories around the country; the CEO is Ron Ruzdin.

The seven-year-old Saatva was named to Forbes Top 100 "America's Most Promising Companies" last year, and was ranked the 8th fastest growing e-tailer in the Top 500 Guide for 2015 by Internet Retailer.  The company sells exclusively online and does not have showrooms. Saatva provides “nationwide in-home delivery and set-up,” and highlights it’s mattresses’ “individually wrapped coils, edge & lumbar support, steel coil support base, organic cotton cover, and euro pillow top with a memory foam enhancement in the lumbar area.”

SafronRoadFood-Logo-newAlso reaching the Inc. 5000 were Saffron Road Foods, a consumer products and services business (American Halal Company) based in Stamford, at #703; Votto Vines Importing, a food and beverage business in Hamden, at #786, and Continuity, a New Haven software company, at #955, launched in 2008.

Saffron Road is the culmination of Founder and CEO Adnan Durrani’s life’s work.  Right after the turn of the 2000 millennium, the natural food pioneer first envisioned a halal food brand which also embodied ethical consumerism: halal, sustainably farmed, authentic, anti-biotic free, and 100% vegetarian fed, all harvested on family-owned farms, the company’s website explains.

vottoVotto Vines is a family-operated business focusing primarily on the importation and wholesale distribution of fine wines produced by leading boutique vineyards around the world as well as high-profile private label and wine licensing transactions.

Continuity provides a combination of technology, expertise and leadership “designed to make compliance a seamless part of how your institution does business,” providing compliance management solutions.  By combining regulatory expertise and cloud technology, Continuity provides a proven way to reduce regulatory burden and mitigate compliance risk. In addition to its New Haven headquarters, thlogocontinuity_2xe company has an office in Boston.

Connecticut-based fast growing businesses on the first-half of the list of 5,000 nationwide also include HPC Wireless Services (#1,033), InterMerchant Services (#1,392), Charles IT (#1,631), Northeast Private Client Group (#1,786),eEuroparts.com (#1,912), Clarity Software Solutions (#,2108), Johnson Brunetti (#2,380), Square 9 Softworks (#2,387), and DGDean (#2,436).

The full list of Connecticut companies is at http://www.inc.com/inc5000/list/2016/state/ct/

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Travelers Initiative Aims to Predict Chronic Pain from Workplace Injuries

Can chronic pain, often the lingering result of a workplace injury, be predicted? The Travelers Companies, Inc. believes the answer is yes.  The company has developed what it describes as the first predictive model designed to reverse a sharp rise in chronic pain caused by workplace injuries.

The Travelers Early Severity Predictor (patent pending) identifies the likelihood of an injured employee developing chronic pain so that they can avoid it in recovery and reduce the need to use opioids or other painkillers.

“Millions of American workers are injured on the job each year, and the number of cases in which chronic pain interferes with an employee’s recovery has risen from less than 10 percent a decade ago to more than half of all serious injuries today,” said Dr. Adam Seidner, the National Medical Director at Travelers, when the initiative was announced in April.chronic-pain

According to A.M. Best, Travelers is the largest workers compensation carrier in the United States. The company manages more than 250,000 workplace injury claims and 3.5 billion medical treatments per year.

“When someone develops chronic pain, they are prescribed opioids or other painkillers more than 90 percent of the time. Our goal is to work with injured employees and their doctors to eliminate or substantially reduce the need for painkillers that can slow their recovery or lead to devastating long-term addiction.”

The Travelers Early Severity Predictor has been applied in more than 20,000 cases since early 2015. Of those, more than 9,000 injured employees were identified as being at risk of developing chronic pain. These employees received a customized, sports medicine-like regimen of treatment precisely sequenced to aid and accelerate their recovery, the company explained.

Injured employees who participated in the program in the past year have, on average, recovered and returned to work more quickly, the company said. They were also far less likely to receive a prescription for opioids, and when they did, it was typically a lower dosage or only for short-term use. At the same time, medical expenses, which cost American employers an average of nearly $40,000 per injury, were reduced by as much as 50 percent.

In 2014, there were 107.1 cases of nonfatal occupational injuries or illnesses requiring an employee to miss work for every 100,000 full-time American workers, according to the U.S. Bureau of Labor Statistics (BLS), the website IPWatchdog reported. Although this represented a decline from 2013’s workplace injury numbers, it still resulted in 1,157,410 days away from work among private, state government and local government employees. BLS statistics show that workplace injury incidence rates were highest in the industries of transportation and warehousing as well as health care and social assistance, according to the website.Travelers-Logo

Two patent applications published this year by the U.S. Patent and Trademark Office cover technologies associated with the Early Severity Predictor project, IP Watchdog reported.

The Centers for Disease Control issued a guideline earlier this year, the Insurance Journal reported, for primary care physicians for treating chronic pain. The new CDC guideline aims to lessen opioid use disorder and overdose. When opioids are used, doctors should prescribe lowest possible effective dosage, according to the guideline. The CDC guideline also suggests increasing the use of other effective treatments available for chronic pain, such as non-opioid medications or non-pharmacologic therapies.

According to research into physician dispensing of opioids, the Workers Compensation Research Institute (WCRI) noted that three out of four injured workers with pain are prescribed opiods, with the amount per claim varying by state, the Insurance Journal reported.  Nearly 1 in 12 injured workers given narcotics are still on them 3 to 6 months later as few doctors appear to be following recommended treatment guidelines to prevent abuse, according to WCRI research in 2012.

A 2012 study in the Journal of Occupational & Environmental Medicine found that when long-acting opioid painkillers are prescribed, workers’ compensation claims are nearly four times more likely to turn into catastrophic claims with costs tallying more than $100,000.

“Helping employees avoid chronic pain and the slippery slope to possible opioid dependency is critical to reversing this disturbing and costly health crisis,” Seidner emphasized.

The Travelers Companies, Inc. is a leading provider of property casualty insurance for auto, home and business. The company’s main offices are in New York, Hartford and St. Paul.  A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $27 billion in 2015.

New Documentary, Travelers Championship Heighten Attention to ALS, Sports is Once Again Common Theme

Public awareness of ALS - amyotrophic lateral sclerosis – has been intertwined with sports since Lou Gehrig played with the New York Yankees, and saw his career and his life, tragically shortened by the neurodegenerative disease eight decades ago.  Gehrig’s Yankee Stadium speech in 1939 has endured as one of the century’s most memorable. Earlier this month, the Travelers Championship on the PGA Tour raised more money for charity than in any previous year, when $2.8 million was raised with ALS as the primary charity.  Travelers Executive Chairman of the Board Jay Fishman announced in August 2015 that he had been diagnosed with ALS.jay fishman

And now, a new motion picture documentary telling the story of a former NFL player afflicted with ALS is reaching theaters across the country, including Connecticut.  The film, Gleason, goes inside the life of Steve Gleason, the former New Orleans Saints defensive back who, at the age of 34, was diagnosed with ALS and given a life expectancy of two to five years. Gleason played for the Saints from 2000-2008.

The primary beneficiary for the 2016 Travelers tournament was the ALS Clinic at the Hospital for Special Care (HSC) in New Britain. Each year, HSC cares for more than 250 Connecticut residents with amyotrophic lateral sclerosis (ALS). HSC is the only facility in Connecticut that is part of the ALS Association’s national network of Certified Treatment Centers of Excellence and is certified by the Muscular Dystrophy Association for ALS care.

Copyright Michael C. Hebert

According to the ALS Association, amyotrophic lateral sclerosis is a progressive neurodegenerative disease that affects nerve cells in the brain and the spinal cord. When a muscle has no nourishment, it "atrophies" or wastes away. "Lateral" identifies the areas in a person's spinal cord where portions of the nerve cells that signal and control the muscles are located. As this area degenerates it leads to scarring or hardening ("sclerosis") in the region.  Motor neurons reach from the brain to the spinal cord and from the spinal cord to the muscles throughout the body. The progressive degeneration of the motor neurons in ALS eventually leads to their demise.

ALS burst back into the public conversation during the 2014 ALS Ice Bucket Challenge, as millions of people started talking about ALS. Recently, there have been some indications that the money raised during that social media explosion may have helped to advance research into ALS.ALS

As the movie tells it, just weeks after his diagnosis, Gleason found out his wife, Michel, was expecting their first child. A video journal that began as a gift for his unborn son expands to chronicle Steve’s determination to get his relationships in order, build a foundation to provide other ALS patients with purpose, and adapt to his declining physical condition—utilizing medical technologies that offer the means to live as fully as possible, according to the movie synopsis appearing on the film’s website. The documentary was highly regarded at the 2016 Sundance Film Festival, and is making its Connecticut debut at Cinema City at the Palace 17 in Hartford.

ALS usually strikes people between the ages of 40 and 70, and approximately 20,000 Americans can have the disease at any given time (although this number fluctuates), the ALS Association reports. For unknown reasons, military veterans are approximately twice as likely to be diagnosed with the disease than the general public.

The Greater Hartford Walk to Defeat ALS will take place on September 25 in East Hartford.  The New Haven Walk will be held on October 2 in New Haven.

https://youtu.be/WgkQU32XSFQ

Metro Hartford Progress Points Report Looks at Promise in Communities Amidst Considerable Challenges

First, the bad news.  The Metro Hartford region “has not produced meaningful job growth in the past 25 years, despite having advanced industries that offer a family-sustaining wage and having residents eager to work.”  The region’s spending on local schools continues to increase, even as enrollment declines, and the region “retains the fewest four-year graduates of any metro region in the country – with 60 percent of recent graduates citing jobs as their primary reason for leaving.”  Even in the region’s traditional strength in advanced industries, such as aerospace manufacturing and computer systems designs, “our competitive advantage may be eroding.” If the goal of the latest edition of the Metro Hartford Progress Points report, driven by the Hartford Foundation for Public Giving, is to push a region-wide conversation that spurs progress, the data highlighting five key issues impacting the region’s 38 communities may have just enough unsettling news and rays of hope to do just that.  “The need for systemic change,” the report indicates, “requires leadership and more regional coordination and integration.”progresspointslogo

The third annual edition of the report is the result of collaboration between nine stakeholders representing local government, businesses, nonprofits, academic and philanthropic institutions and organizations committed to making long-term progress in the region.

The 2016 report focuses on five related themes: attracting and retaining a skilled workforce; better connecting people to opportunity; aligning workforce and economic development strategies; ensuring a quality education for all despite scarce resources and building collaborative leadership and civic engagement to create long-term progress.

The data suggests that the region may be poised for greater success, but not without accelerated efforts, noting flatly that “more is needed.”

The report notes that the beginnings of “meaningful change” is evident, with towns creating walkable areas near transportation through transit-oriented development along the CT Fasttrak corridor and the New Haven-Hartford-Springfield rail line, expanding transportation options to meet the needs of today’s population and employers, an expanding presence of colleges in downtown Hartford, and regional collaboratives creating career pathways and bridging the divide among differing aspects of the education system from middle school through the workforce.

c1Local and regional organizations and associations, such as the MetroHartford Alliance’s HYPE, reSET, United Way’s Emerging Leaders and the Urban League’s Young Professionals “engage and connect millennials” and offer “business advisory services and other supports to help small businesses thrive,” the report explains, providing “a great start” on what needs to be done.

The report notes that “regional thinking is not new to Metro Hartford, even if successes have been intermittent. Without regional government, we must rely on informal, voluntary collaboration among leaders to address regional challenges.”

Among the findings:

  • Most job openings in the future will be in either high-wage jobs that require advanced degrees (27 percent) or low-skill jobs with wages that cannot sustain a family (72 percent).
  • While school enrollment in our region has declined by 7 percent since 2001, amounting to 29,000 additional empty seats in our region’s classrooms, education expenditures have increased 25 percent.
  • Millennials are projected to be the largest workforce segment by 2025, but who are they? Nearly half (43%) of the region’s 18- to 34-year-olds live in households that don’t earn family-sustaining wages.
  • Millennials and those aged 45-64 are moving out of our state in large numbers, along with those with post-secondary education, and are taking $912 million of their income with them. Overall, college graduates, individuals with advanced degrees and older residents are moving out of state, while younger and less educated people are moving in.

Regarding economic growth – or the lack thereof – the Hartford region ranks at the bottom of the list among Cleveland, Buffalo and New Orleans over the past quarter-century.  Topping the list are Austin, Las Vegas, Orlando and Raleigh.

c2The report includes a timeline of past efforts aimed at addressing the region’s long-standing challenges, “not to be disheartening, but instead to highlight where positive changes have been made” and how collaborative efforts can “create opportunities for all Greater Hartford residents.” The report also indicates that:

  • While net job growth in our region has been flat, the region’s smaller and locally-owned businesses have increased employment by 23 percent between 1995 and 2013. Unfortunately, larger and employers headquartered out of state have decreased employment by 10 percent during this same time period.
  • New and proposed rail, bus and highway projects offer the promise of access to jobs, housing and amenities that can spur economic growth.
  • Many of the region’s residents – of all ages – would like to live where they can walk to shops, restaurants and other amenities, compared to where they lie today. That is true of 60 percent of those ages 18-20, and more than 40 percent of other age demographics.

The Metro Hartford region consists of 1 million people living in Hartford, New Britain and the 36 surrounding communities.  The partners in the initiative expressed the hope that the latest edition of the Progress Points report creates the “sense of urgency necessary to address shared regional challenges.”

The Metro Hartford Progress Points Partners are: Capitol Region Council of Governments, Capital Workforce Partners, City of Hartford, Hartford Foundation for Public Giving, Hispanic Health Council, MetroHartford Alliance, Trinity College Center for Urban and Global Studies, United Way of Central and Northeastern Connecticut, and Urban League of Greater Hartford.

https://youtu.be/0zTQjsbNlw0

Connecticut Among 11 States Upgrading to Next Generation 911

Connecticut is one of 11 states that have upgraded, or are in the process of upgrading, their Emergency 911 system to what’s called Next Generation 911, to allow the emergency notification system to respond to text messages and utilize a range of new technologies.  Connecticut’s upgrade began last year, and is expected to be fully operational later this year. The National Emergency Number Association (NENA), which represents government agencies and private firms involved in the emergency system, and the National 911 Program, housed in the U.S. Department of Transportation, are pushing states and localities to adopt what they call Next Generation 911, according to a published report in Governing magazine. NG911CT

The urgency driving the upgrade effort was highlighted in recent weeks. Like most 911 systems in the U.S., Orlando’s emergency communication center cannot receive text messages, photos or videos. Nor can most 911 systems tap into other mobile device features, like detailed location services, Governing points out.

The magazine, which focuses on state and local government operations, notes that texting 911 could be valuable in emergencies like the Orlando shooting or a domestic violence incident, where it is unsafe to make any noise let alone talk out loud about the danger at hand. And sending text messages to 911 could allow people who are deaf or have speech impairments to communicate without other special devices.

One day last month, a computer glitch knocked out portions of the statewide 911 system briefly in Connecticut.  The Hartford Courant is reporting today that state officials have determined the partially installed high-tech 911 emergency dispatch system  became overwhelmed by duplicate messages July 15, leading to a breakdown that failed to connect callers at about half the call centers.  The state has temporarily halted a $13.2 million upgrade of the system, William Youell, director of the Division of Statewide Emergency Telecommunications, told the Courant.

Connecticut’s Department of Emergency Services and Public Protection (formerly Emergency Management and Homeland Security) reports that The Next Generation 9-1-1 system is Internet Protocol based and will utilize the new Connecticut Public Safety Data Network to deliver 911 calls to Public Safety Answering Points (PSAPs) in Connecticut.

The new system, according to the agency’s website, will provide the infrastructure to allow “Text to 9-1-1”, the ability to send images or video with a 9-1-1 call to a PSAP, and to call 9-1-1 directly via the Internet when telecommunication service providers make these features available to the public.cell

It has been estimated that full implementation of the system, which began in the spring of 2015, would take 18 months. Initial installation of the system call answering components first got underway at ten pilot PSAPs around the state in May 2015, in New Britain, Wilton, Enfield, Newington, Valley Shore (12 towns), Fairfield, Middletown, Mashantucket, Shelton, and Wolcott.  Training sessions for PSAP personnel have been held in New Haven, in collaboration with AT&T.

Four states — Indiana, Iowa, Maine and Vermont — already have moved to Next Generation 911, according to NENA. Another seven — Connecticut, Hawaii, Massachusetts, North Dakota, South Dakota, Tennessee and Virginia — are doing so, Governing points out. The goal is for there to be a nationwide changeover completed by 2020, as utility companies abandon old copper phone lines for fiber optic cables.

In at least five additional states — Florida, Illinois, Michigan, Ohio and Texas — city, county and local governments either have upgraded their systems or are in the process of doing so.  But in at least six states — Georgia, Missouri, Nevada, New Mexico, Oklahoma and West Virginia — it is unclear if any preparations for the switch have been made at the state or local level, according to the Governing update.

CT ESPPThe entire statewide system in Connecticut, purchased through A&T, cost $13.26 million with annual maintenance costs of about $3.2 million, Stephen Verbil, a telecommunications manager with the Division of the Statewide Emergency Communications, told the Day of New London last year.  The system uses Dell servers connected through a fiber optic network and is paid for through a surcharge on land lines and cellphones.

Finding callers who aren’t using landlines, which are registered to a physical address, has been a problem since cellphones became popular in the 1990s, Governing reported. Calls to 911 from cellphones are not routed based on the exact location of the caller, but on the location of the tower transmitting that call. This can lead to emergency calls getting answered by faraway call centers and make it hard for responders to locate the caller.  Next Generation 911 will be able to use technology like Wi-Fi, Bluetooth signals and geographic information systems to find mobile callers, Trey Forgety, government affairs director for NENA, told Governing.

 

 

Entrepreneurship May be Boomer, Rather Than Millennial, Phenomenon

Contrary to popular belief, entrepreneurship among Boomers is strong when compared to younger age groups, including millennials, according to a new analysis from The Kaufman Foundation of national research into entrepreneurship. The Kauffman Startup Index reveals that nationally the rate of new entrepreneurs ages 55-64 has increased from 0.34 percent in 1996 to 0.37 percent in 2014. (This rate means that 370 out of every 100,000 adults in this age group became entrepreneurs in a given month.)

EntrepreneurshipThe same measure showed the age 20-34 demographic group, at 0.22 percent, was considerably below the rate for other age groups. (This rate means that 221 out of every 100,000 adults in this age group became entrepreneurs in a given month.) The data also indicates that the rate of new entrepreneurs for the age 20-34 group is down from the high point for this age group of 0.28 percent in 1996.

For Connecticut, which has increasingly focused economic development attention and resources on entrepreneurial start-up businesses, the demographic findings may inform the state’s approach.

Connecticut Innovations, for example, “helps innovative Connecticut companies, or those that want to move here, no matter what stage of the business life cycle you’re in.”  CI describes itself as “entrepreneur-friendly, trustworthy and collaborative,” without mention of the demographics of the individuals driving the start-up businesses.

Connecticut’s self-identified “innovation ecosystem,” CT Next, equips “startups and entrepreneurs with resources, guidance and networks to accelerate growth and success.”  CT Next recently launched the Entrepreneur Learner’s Permit Program, which cuts fees that start-ups in specific industries are required to pay to the state.kauffman-foundation-squarelogo

Other organizations around the state, such as Hartford Area Young Professionals and Entrepreneurs (HYPE), focus on young people starting fledgling businesses.  The Connecticut Center for Arts and Technology (ConnCAT) in New Haven has developed an Entrepreneurial Academy, a hands-on program that coaches interested and capable youth on business fundamentals and entrepreneurship skills. ON the other end of the demographic continuum, AARP has launched an initiative called Encore Entrepreneurs, focusing on supporting and encouraging businesses launched by individuals age 50 and older.

There are competing views as to whether “success or hardship” is driving the growth of entrepreneurship for older Americans, according to the Kaufman analysis. “On one hand, working and starting business late in life might be a result of increased debt levels especially for younger female Boomers. On the other hand, some researchers have found that growth of Boomer entrepreneurship may be an indication of financial strengths rather than weaknesses.”

The oldest cohort of Baby Boomers turned 65 in 2011, and the last cohort of Boomers will turn 65 in 2029, the analysis indicates, stressing that the peak age for entrepreneurs is “closer to 40 than 20.”

The Kaufman review indicates that today’s millennials are “starting businesses at lower rates than other cohorts did when they were the same age.” Possible reasons suggested include growing student debt, timing of entry to workforce with the Great Recession, change in risk-taking attitudes, housing costs, among others. A poll by Young Invincibles, cited by the Kaufman presentation, found that Millennials identified student debt and lack of retirement savings as barriers to entrepreneurship.

CT Launches Entrepreneur Learner’s Permit to Cut Start-Up Fees

Connecticut’s Entrepreneur Learner’s Permit program, operated by CTNext, is underway.  The two-year pilot initiative, which reimburses first-time entrepreneurs for filing, licensing, and permitting fees associated with starting a business, is aimed at giving certain businesses a boost on the bottom line. A wholly-owned subsidiary of Connecticut Innovations, CTNext is Connecticut’s innovation ecosystem, designed to build a more robust community of entrepreneurs and accelerate early-stage growth by providing access to talent, space, industry expertise, services, skill development, and capital to foster innovation and create jobs in Connecticut.ctnext-logo

The Entrepreneur Learner’s Permit program, signed into law earlier this year, allows owners and executives of businesses in the information technology, bioscience, and green technology industries to receive reimbursement up to $1,500 for state and municipal business startup fees.

The Entrepreneur Learner’s Permit legislation sets a funding cap of $500,000 in Fiscal Years 2017 and 2018, equaling $1 million for reimbursable fees for entrepreneurs in the state.

Eligibility in the three industries has been defined by CTNext as the program gets started this month:ELP-CT

Bioscience: Defined as the manufacturing of pharmaceuticals, medicines, medical equipment, or medical devices and analytical laboratory instruments, operating medical or diagnostic testing laboratories, or conducting pure research and development in life sciences.

Information Technology: Defined as software publishing, motion picture and video production, teleproduction and post-production services, telecommunications, data processing, hosting and related services, custom computer programming services, computer system design, computer facilities management services, other computer related services and computer training.

Green Technology: Defined as the production, manufacture, design, research or development of clean energy, green buildings, smart grid, high-efficiency transportation vehicles and alternative fuels, environmental products, environmental remediation and pollution prevention.

Glendowlyn Thames, director of Small Business Innovation and CTNext at Connecticut Innovations, recently told Hartford Business Journal that “Starting and running a business in its earliest stages can be a massive undertaking, no matter the location. This benefit does more than cover fees — it is another step the state has taken to help create a more active ecosystem and assist entrepreneurs when they need it most. Entrepreneurs scrutinize every cost, so while the fees may not deter a company from coming to Connecticut, removing those fees can certainly serve as a benefit.”

The Connecticut Business and Industry Association has described the program as “a pro-small business, solid stepping stone toward paving the way for Connecticut to become a much more business friendly state.”  The legislation establishing the program was authored by State Rep. Caroline Simmons-D-144 and State Sen. Scott Frantz-R-36, the Stamford Advocate reported.CTI_Logo

“Our vision is to attract new businesses to Connecticut and to encourage entrepreneurship and job growth in our state,” Simmons told the Advocate. “This is a pro-business, bi-partisan bill that will benefit Connecticut's economy.”

The legislature’s Office of Fiscal Analysis (OFA) estimated the program will cost the state $27 million annually in lost fee revenue; other agencies like transportation and banking will lose $7 million annually. OFA assumes 25,000 startups launch in Connecticut every year.

CTNext, described as Connecticut’s innovation ecosystem, is tasked under revisions to the state’s economic development structure approved by the state legislature to “equip startups and entrepreneurs with resources, guidance and networks to accelerate growth and success.” CTNext launched in 2012, and has worked with more than 1,100 companies.

Companies need to certify that they are eligible for the Entrepreneur Learner’s Permit program, and after filling out a very brief online application, a “CTNext team member will reach out to you to collect receipts for reimbursement.”  At the end of the two-year program, CT Innovations is to evaluate its effectiveness and make a recommendation to the legislature regarding whether it should be continued, concluded, or revised.

 

https://youtu.be/U0vyYsDrl10

Project Undertakes Mapping CT With Precision From the Air

Unbeknownst to most of us, there is a world of difference between an aerial photograph and an orthophotography.  In fact, enough of a difference for the State of Connecticut to get behind an initiative to photograph the entire state. The results are to be made publicly available through the state’s Open Data Initiative.  The orthoimaging of Connecticut, now complete, was undertaken by the Sanborn Map Company, under a contract with the Capitol Region Council of Governments made possible by a grant from the state's Office of Policy and Management. It will provide Connecticut with its first statewide acquisition of datasets at this high level of accuracy, according to those involved with the project.PR_Mystic_Seaport_Connecticut_06142016

The Sanborn flight team overcame challenging spring weather conditions to successfully collect high-resolution imagery of the entire state of Connecticut and its coastline in just five weeks, according to the company.  Altogether, the firm collected more than 42,500 4-band, 3-inch resolution images during March and April, including more than 6,000 coastline images during low-tide conditions.

The Sanborn team, which included subcontractors, also collected more than 5,200 square miles of high-density light detection and ranging (LiDAR) data covering the entire state during the same time period. All of the data were collected during snow-free, cloud-free and leaf-off conditions, which makes them ideal for a host of products and applications.

A conventional perspective aerial photograph contains image displacements caused by the tilting of the camera and terrain relief, or topography. It does not have a uniform scale and one cannot measure distances on an aerial photograph as if it were a map.orthophotography

In orthophotography, the effects of tilt and relief are removed from the aerial photograph by a computer rectification process to create an orthophoto, which then becomes a uniform-scale photograph. Since an orthophoto has a uniform scale, it is possible to measure directly on it, as with traditional maps.

The product combines the image characteristics of a photograph with the geometric qualities of a map; thus, it is possible to get direct measurements of distances, areas, angles, and positions.

That distinction can make a big difference for governments and businesses seeking such images. Brad Arshat, Sanborn director of strategic accounts in the Northeastern United States, estimates that statewide collaboration on the project will result in several million dollars in tax dollar savings, as opposed to each of the state's 169 municipalities acquiring its own data.

Sanborn is now creating mapping products from the data, which will be delivered later this year. These include 3-inch ground sample distance (GSD) orthoimagery; U.S. Geological Survey (USGS) QL2 LiDAR data; bare Earth digital elevation models (DEMs); and 1-foot contour maps.

223284LOGOIndividual municipalities and state agencies also have options to purchase additional products as needed, such as 3-D building footprints, planimetrics, landcover maps, impervious surface maps and more, according to company officials.

"We need to support our communities by giving them the tools to do their jobs in a modern, efficient and effective way," Gov. Dannel Malloy pointed out in a Sanborn news release. "As a former mayor, I know how valuable this information is to municipalities. In addition, this information is critical to our state agencies."crcog-logo

Sanborn is a preeminent innovator in the geospatial industry, the company website indicates, delivering state-of-the-art mapping, visualization, Web GIS™ and 3-D solutions to customers worldwide. The firm, which marked its 150th anniversary in 2016, operates a fleet of 14 aircraft located strategically across the United States.

connecticut"Our flight team did an exceptional job of outmaneuvering the unusual weather present during the collection period (in Connecticut)," says Shawn Benham, Sanborn project manager. "The savings truly are astronomical when you merge many smaller project areas into a single large project because of the fixed costs associated with each mobilization," added Arshat in statement released by the company.