State official says Connecticut business closings declined slightly in 2009 from prior year
By APThursday, January 21, 2010
Connecticut business closings declined in 2009
HARTFORD, Conn. — Secretary of the State Susan Bysiewicz said slightly fewer companies went out of business in Connecticut last year than in 2008.
However, fewer new businesses started in 2009 compared with the year before.
In 2009, 13,414 businesses filed paperwork to dissolve. That was down 0.3 percent from the 13,456 closings in 2008.
Bysiewicz said the number of businesses that closed in 2008, the height of the worst recession in decades, was the greatest since the numbers were first recorded in 2000.
In Connecticut 25,891 new businesses started last year, down about 6 percent from 2008.
Don Klepper-Smith, chairman of Gov. M. Jodi Rell’s Council of Economic Advisors, said the 2009 numbers confirm that economic weakness in Connecticut is abating.
