Jabez Bacon entered into business partnerships with other merchants. One of them, Joel Stone, was in nearby Judea, now called Washington, Connecticut. Bacon was also associated with his neighbor, Isaac Tomlinson, and his daughter Jemima married Isaac Tomlinson, jr. in April, 1784.
During the Colonial period, money was in short supply, so Bacon often made loans to people, taking their homes as collateral. The late Woodbury Historian, Fred Strong, asserted that Bacon owned much of Woodbury’s real estate at one time or another, due to the difficulty people had in paying him back.