Data from the Connecticut Secretary of the State reveals that annual net business formations across the state have tripled from 13,847 in 2010 to 44,146 in 2024, with the Capitol Planning Region now leading at 27% of all new businesses. We've released a dashboard that tracks these business formations, closures, and net growth trends from 2010 to 2025 and put together an analysis of the data. With this tool, you can explore the data at the state, regional, and town levels.
Read MoreAs Connecticut businesses begin to open their doors, new business registrations in the state have been steadily rising for the past 12 weeks. When comparing data from 2019 to 2020, new business registrations are higher now than in the same week of 2019. Though most weeks have lagged behind 2019, with Week 12 (the week of March 22, 2020) being the lowest, 2020 registrations began passing 2019 in the past few weeks.
Read MoreData shouldn’t be confined to a spreadsheet. Don’t get us wrong—we love a good spreadsheet as much as the next data person, but when endless rows and columns of data overwhelms rather than informs, it’s not serving its highest purpose to help improve outcomes and inspire change.
Read MoreAs unemployment numbers continue to stun Connecticut with their scale, business registration numbers are also declining. Business starts, which refer to the number of applications received by the Secretary of State’s Office for new business formations, are another way to look at the economic impact.
Read MoreFor the past few years we have been working with the CT Secretary of State (SOTS) on a variety of initiatives related to the business registration data that they process and manage. This dataset is the official data set of record for tracking businesses that are required to register to operate within Connecticut. However, accessing this data has been historically difficult. The CONCORD system was built and optimized for the important work of managing transactions around business registration and reporting.
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