News & Updates

The World’s Top 10 Most Competitive Economies

By Staff, on Sep 30, 2015

September 30, 2015
By Margareta Drzeniek Hanouz
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Global Top 10

The Global Competitiveness Report 2015-2016 assesses the competitiveness of 140 world economies. Using a mixture of quantitative and survey data, it ranks countries overall by combining 113 indicators grouped under 12 pillars of competitiveness: institutions; infrastructure; macroeconomic environment; health and primary education; higher education and training; goods market efficiency; labour market efficiency; financial market development; technological readiness; market size; business sophistication; and innovation.

US Economy: Small Is Beautiful

By Staff, on Jul 16, 2015

June 16, 2015
Read the full article on Dr. Ed's Blog

ADP Nonfarm Private Payroll Employment by Company Size

Notwithstanding politicians’ claims, businesses create jobs, not Washington. To be more exact, it is small businesses started and run by entrepreneurs that create most of the jobs in our economy.

ADP, the payroll processing company, compiles data series on employment in the private sector of the US labor market by company size. The series start during January 2005. Since then through June 2015, small companies with 1-49 employees added 5.1 million workers and had payrolls totaling 50.2 million. Medium-sized companies with 50-499 employees added 3.8 million workers and had payrolls totaling 43.0 million. Large companies with 500 workers or more cut 234,000 from their payrolls, which totaled 26.5 million.

Small and medium-sized companies currently account for 42% and 36% of private payrolls, according to ADP. Large companies account for just 22% of total private payrolls, down from 24% at the start of 2005.

CNBC's 2015 Top States for Business

By Staff, on Jun 25, 2015

June 25, 2015
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While our biggest challenges haven’t gone away, Connecticut jumped 13 places--from 42nd to 33rd--in this year’s CNBC America’s Top States for Business rankings based on a top-drawer workforce and an improving economy.

Bipartisan celebration marks Fifth Street ribbon-cutting in Greenwich

By Staff, on Sep 16, 2014

September 15, 2014
By Ken Borsuk
Read the full article on the Greenwich-Post

There was a festive (and bipartisan) mood in the air on Wednesday when company owner Leonard Tannenbaum and his wife Stacey cut the ribbon on the new Greenwich headquarters of Fifth Street Management, LLC.

There were so many people on hand for the official opening for the company’s presence at 777 West Putnam Avenue, where it has taken over the entire third floor, that U.S. Rep. Jim Himes (D-4th) termed it a “who’s who of Connecticut politics.” Beyond Mr. Himes, First Selectman Peter Tesei and Selectman Drew Marzullo were there as was State Sen. L. Scott Frantz (R-36th), State Sen. Bob Duff (D-25th) and State Reps. Livvy Floren (R-149th), Stephen Walko (R-150th) and Fred Camillo (R-151st), among others, including the state Commissioner of the Department of Economic and Community Development Catherine Smith. And they were on hand to show their support for Mr. Tannenbaum, who had relocated his headquarters from White Plains, N.Y., to Greenwich, bringing in close to 90 jobs to town, with more slated to be added in the years to come.