Monday, April 20, 2009.

Connecticut Businesses Continue to Close

Today on the Hartford Courant’s blog, CT Confidential, Rick Green let us know that Connecticut Secretary of State Susan Bysiewicz is worried that Connecticut businesses are struggling to stay afloat in the current economic conditions. Green cites Department of Labor statistics that estimate over 7,000 jobs lost in March, with the unemployment rate up to 7.5% statewide. Bysiewicz says that the state must get federal stimulus funding into the hands of Connecticut businesses quickly, and that the state should be investing in health care and transportation to bolster the economy.

While the wise use of federal stimulus dollars and reinvestment in state programs and infrastructure will contribute to growing and strengthening Connecticut’s economy, it is also important to focus on the implementation of policies that will promote business growth and attract new businesses. Policymakers must understand that pro-business measures will lead to the creation of more jobs, greater tax revenues, and additional funding for important government programs and non-profit organizations.

Now is the time to take action to encourage economic development and future job growth throughout the region. New England is populated by smart, proud, and innovative individuals; policies affecting jobs and economic growth should be geared towards ensuring that residents will continue to prosper now and into the future. By implementing measures that lead to greater opportunity for businesses and workers to succeed and that support companies willing to invest in the region, policymakers can make life better for residents of Connecticut and New England and for their children.

The Courant blog posting can be viewed here.

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