When a Connecticut woman was laid off from her full-time job, she was given severance pay but needed more. She decided to start her own small business, a line of purses and accessories called Thirty-One Gifts. Expecting this side project to be a part-time gig, she was surprised when the business took off. As more and more work came in, it grew increasingly difficult to continue working out of her home, where her family also lived. She needed a space of her own.
A few weeks ago, we noted that Connecticut was one of the best states for business start-ups. Whether entrepreneurs are attracted to the state's business climate, its tax code or just the beautiful autumn leaves, they are launching new ventures at an encouraging pace.
Connecticut was one of the states recently listed as overachieving in the number of business start-ups and entrepreneurships. The study examined populations and economic output and found there was a disproportionate number of start-up companies that are valued in excess of $100 million.