Archive for January, 2010
Thursday, January 28th, 2010
In today’s CT Confidential, Rick Green blogs about the business climate in Connecticut, and laments that the cost of living in the state is driving people away. Finding “revenue” with new taxes isn’t going to do anything to solve our state’s problems, and in striving to make Connecticut a better place to run a business, the effort shouldn’t start with a call to raise taxes.
Green attended a forum on housing and the economy in Hartford yesterday, sponsored by the Partnership for Strong Communities, a group working to build partnerships between nonprofit housing groups and the business community. The event was also attended by two gubernatorial candidates — Mary Glassman and Oz Griebel. Most notably, several business voices in Connecticut lamented the state’s loss of jobs, educated workers and investment.
Connecticut should be working to create a business environment that will foster growth, development and investment in new business, a good first step on the road to economic recovery.
The full post is available here.
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Thursday, January 28th, 2010
Rick Green’s CT Confidential
At a Capitol presentation on the upcoming budget this week by Connecticut Voices for Children, I heard an audience member loudly comment that higher taxes are our charitable obligation. More>
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Monday, January 25th, 2010
From the Meriden Record Journal: Connecticut has seen a steady outbound migration for several years, especially among 18- to 34-year-olds. But the exodus continued to add all ages, including retirees, at the start of the recession two years ago. … A recently released study by Atlas Van Lines on 2009 migration trends reports that Connecticut had the highest percentage of moves out of state. Out of 2,031 shipments related to the state last year, 1,230 were outbound, or 60.5 percent, with the 801 inbound shipments comprising 39 percent.
Tags: Connecticut, Jobs, Migration, New England, Population
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Friday, January 22nd, 2010
From the Danbury News Times: While much of the ills of the economy have been blamed on the financial sector, it was in the state’s factories where the most pain was seen.
Manufacturing in Connecticut lost 15,700 jobs in 2009.
Tags: Connecticut, Economy, Jobs, Manufacturing
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Friday, January 15th, 2010
From the Norwich Bulletin: The high cost of doing business in the state and rising health care expenses have caused nearly half of Eastern Connecticut businesses to downsize during the recession, according to a survey released today.
The 2010 Survey of Eastern Connecticut Businesses also indicates that nearly half the businesses in the region also have reduced employee wages and benefits.
To see the full article and comments from JNEN’s co-chair, Tony Sheridan, click here.
Tags: Business, Connecticut, downsizing, Economy, Sheridan
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Tuesday, January 12th, 2010
From Connecticut’s WNPR: “A top Federal Reserve economist has told an audience in Hartford that while he foresees continued growth in the economy, jobs will continue to lag behind the overall recovery. Eric Rosengren, the President of the Federal Reserve Bank of Boston, says he believes there are still significant headwinds facing the economy, including low levels of lending by the banks, cautious spending by consumers, and above all, the continued sluggishness in the labor market.” To hear the full story from WNPR’s Harriet Jones click here.
Tags: Connecticut, Economy, New England, recovery, Rosengren
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Monday, January 11th, 2010
Interesting interview in the Hartford Business Journal with CBIA’s Peter Gioia: “We are technically out of recession and recovering at a moderate pace. But we took such a severe downturn in the fourth quarter of 2008 and first quarter of 2009 that most people do not “feel” we are in recovery. By end of 2010 recovery is expected to be strong and long enough to be noticeable.” To see the full article click here.
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Wednesday, January 6th, 2010
From today’s Hartford Courant: There’s no excuse for Connecticut being at the bottom of any business list. It’s lovely, smart and prosperous. It’s in the top ranks in college graduates per capita, incomes and state spending on schools. It has world-class universities, Tony-winning theaters, sublime museums, bucolic beauty.
Yet in the past 20 years, according to the University of Connecticut’s Center for Economic Analysis, this state has seen “perhaps the poorest job creation among all 50 states.” CEOs surveyed by ChiefExecutive.net rated the cost of doing business here third worst of all states.
To see the full story click here.
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Tuesday, January 5th, 2010
From the Hartford Courant: With an aging population, rising poverty and few prospects for job growth, how can Connecticut improve its chances for future prosperity?
State economic development officials have put together a 66-point plan they say should serve as a guide for policy-setting and decision-making.
Check out the full story here.
Tags: Connecticut, Economic Outlook, Jobs, Rell
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