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Deep Dive: Small businesses have taken a big hit in the last couple of years

Caleb Silver is the editor-in-chief at Investopedia, and he says there are less people working in small businesses.

News 12 Staff

Sep 17, 2021, 11:47 AM

Updated 1,034 days ago

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On Deep Dive this week, we are looking at the impact small businesses are having on the economy with employment and the tax revenue they generate.
Caleb Silver is the editor-in-chief at Investopedia, and he says there are less people working in small businesses.
Silver says Connecticut has seen fewer hours worked from July to August, down 13.3% compared to June.
“Small businesses are core to the economic health of every state especially in Connecticut,” says Silver. “They employ 48.5% of all workers in the state and the tax revenue they generate for Connecticut is substantial, $16 billion or about 82% of overall business tax revenue for the state of Connecticut.”
Connecticut has over 350,000 small businesses across the state. 


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