"A mere 3% to 5% of small firms account for three fourths of jobs created in the United States...Half of America's economic growth derives from firms that did not exist a decade ago…Not only do these emerging high-growth firms generate jobs, they also (a) are much less likely than other small businesses to fail; (b) create considerably more wealth in the form of profits, sales, and value; (c) pay higher wages and offer greater employee benefits; (d) are much more likely to export products and services; and (e) invest more in research and development, in turn leading to higher productivity, innovation, and job creation."
Terry F. Buss, "Emerging High-Growth Firms and Economic Development Policy," Economic Development Quarterly, Vol. 16, No. 1, February 2002, pp. 17-19.
Mission & Purpose
The Connecticut Economic Gardening Group (CT-EGG) concept was created to provide a wide variety of business services to small- and medium-sized companies in Connecticut (start-ups to companies with revenues less than $500 million). The CT-EGG will be established as a not-for-profit business entity, 501(c)6.
The concept is designed to leverage a collaborative group of private, public and academic resources to provide these services in support of Connecticut business development initiatives, realizing that sustaining a robust and vibrant state economy is largely dependent on job growth and an ability to compete in the global market environment.
We are currently working in partnership with faculty members at the Barney School of Business at the University of Hartford.