Our View: 2018 could build on past year's business momentum

Published on Wednesday, 27 December 2017 20:39
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It appears it was a fairly good year for local and national retail businesses in 2017.

Herald business reporter Angie DeRosa noted in a Year In Review story that New Britain welcomed some new businesses this year like Alvarium Beer Company which opened in June.

Several small local shops and restaurants also made their debuts in the Hardware City. Mofongo restaurant across from Central Park opened its doors and Dribble Babies, a store featuring clothing for infants and toddlers, also held a grand opening.

Bristol enjoyed its share of new entrepreneurial ventures including the recently opened Firehouse Subs and the Dynamite Deals store.

And, Kettle Bagels brought Brooklyn-style bagels to Southington in 2017.

But it wasn’t all small shops and eateries that enjoyed success. There were gains in manufacturing and development as well.

Stanley Black & Decker expanded its business through acquisitions and Jasko Development LLC completed the renovation of the Raphael Building in New Britain.

On the national retail level, The Associated Press reported shoppers spent more on toys, clothing and electronics this holiday season then last at both brick and mortar stores and online, with even well-established departments stores like Macy’s and Target enjoying better than expected sales.

Not all the local economic news was good in 2017 however. A few area establishments folded, while others scaled back operations.

Despite some bumps, the local economy seems to be gaining momentum, which both business owners and customers surely hope will continue into 2018.

Posted in The Bristol Press, Editorials on Wednesday, 27 December 2017 20:39. Updated: Wednesday, 27 December 2017 21:45.