To the Editor:
My family and I recently found the perfect home in Brookfield after nearly a year of searching all over the state. With a bit of number crunching and analysis, I learned that Brookfield is also economically quite the remarkable place and want to share my findings with my neighbors.
U.S. Census economic data, seasonally adjusted, shows that non-farm employment in the greater Danbury area grew 2.4 percent from March of 2011 through March of 2012. This was the fastest rate of growth in the state. In fact, it was more than twice the rate of growth of the next fastest growing metropolitan area, Hartford, which grew at 1.1 percent.
I decided to look at business resilience in Brookfield as well and, as small business is the engine of economic growth everywhere, measured the durability of businesses with fewer than 10 employees between 2000 and 2009 (the most recent census data available on the local level). In 2000, Brookfield had 440 small businesses. In 2009 there were 437. The represents a change of .68 percent. To compare, if we look at the census of small businesses state wide, they decreased 3.9 percent, with most of that loss occurring among businesses with less than five employees. Clearly, Brookfield has a robust business climate.
In short, this area has demonstrated exceptional business strength and stability through a most challenging economic period. I look forward to being a part of this success story, and contributing to it, with my own professional practice in the area.
Smolnik has practiced tax and business law for over 25 years and, along with his law degree, holds an MBA from MIT.