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Outstanding in Her Field
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Business New Haven
2/23/1998
By: BNH
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Shubert Performing Arts Center President Caroline Werth is one of ten New England businesswomen to be honored by the New England Council at its fifth annual “Leadership Awards to Women in Business” February 24 in Boston. The nation's oldest regional business organization, the New England Council chose Werth and her peers for “their contributions to their companies as well as their communities.” Werth is the only Connecticut awardee. The Boston awards event, to take place at the Copley Plaza Hotel, will be keynoted by New Hampshire Gov. Jeanne Shaheen.
Loss Leaders
We all knew Connecticut has lost population during the 1990s, but now we now how bad the bleeding has been. According to the U.S. Bureau of the Census, 125,000 more people fled the Nutmeg State than relocated here from 1990 to 1996. By contrast, the 1980s were characterized by a net “in-migration” of about 20,000 people. The biggest losers in the 1990s have been Hartford County (net population loss of 45,608), followed by New Haven County (down 34,066) and, less predictably, Fairfield County (loss of 27,449). Two counties actually grew in net population, albeit marginally: Litchfield (a gain of 1,673) and Middlesex (a whopping 128-person gain).
On the Other Hand...
Since January 1, 1995, more than 160 companies have moved to Connecticut from out of state, and 14,000 jobs have been created here. That's the word from the Connecticut Development Authority (CDA), whose small but aggressive recruitment team has helped firms like Staples (which is constructing 1 300,000-square-foot facility in Killingly), Zurich Re (moving 500 jobs from New York to Stamford) and HFS Mobility Services (which is expanding its Danbury facility by 120,000 square feet) take note of the state's new and improved business climate.
A Few Good Entrepreneurs
The Connecticut practice of Ernst & Young, LLP, is seeking nominations for its 11th annual Entrepreneur of the Year competition. The competition, which honors outstanding owners of fast-growing companies, cites entrepreneurs in eight to ten categories who have demonstrated excellence in innovation, financial performance and/or personal commitment to their business communities. Nominations and self nominations are encouraged and will be accepted until April 3. There is no nomination fee. For particulars, call 1-888-757-1998.
Full of Surprises
Despite the image of Silicon Valley and the Route 128 corridor, Connecticut's computer-services industry in the 1990s has outpaced that of Massachusetts, California and every other state with an established computer industry save one: Washington state, home to giant Microsoft. Comparing state Department of Labor figures with statistics supplied by other states for the computer-services industry (SIC code 737), the Connecticut Policy & Economic Council (CPEC) found that Connecticut was an industry leader based on an employment growth rate for the decade of 82 percent, outpaced only by Washington's 130 percent (see chart). Actual computer-service jobs in the state have risen from 10,791 in 1990 to 19,649 at the end of 1996. BNH
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