CT businesses close up shop in large numbers

NORWALK - The number of businesses permanently closing their doors is the highest Connecticut has seen since 2000, the secretary of state said Thursday.

Secretary of State Susan Bysiewicz said more than 2,800 businesses have ceased to operate in just three months. She blamed dire economic times that include a mortgage and housing crunch and extremely unpredictable Wall Street swings. The combination has created a wake up call for local business owners.

"The recession is coming to Connecticut, and so now the challenge is for Connecticut business owners who have been very creative through the years to figure out a way to survive in this challenging economy," Bysiewicz said.

Party Plus Warehouse on Post Road in Norwalk is one such business that, unfortunately, hasn't been able to weather the storm. The owner is closing the location.

Bysiewicz said the current trend started late last year and added that her office does not project future trends.

harland.henry@po.state.ct.us

advertisement | advertise on News 12

Trending Video

Police say a Chase Bank was robbed Tuesday 1 Police: Chase bank robbed in Greenwich
Max Antoine, 33, was shot and killed early 2 Family urges Stamford man's killer to surrender to police
Workers from New York headed to Stamford Tuesday 3 Striking Charter Communications workers protest in Stamford
4 Connecticut Sportscast, April 24
News 12 Long Island's Doug Geed takes a 5 Tasty Tuesday: Fresh spring ingredients

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE