Gov. M. Jodi Rell today said she sympathizes with United Technologies Corp. executives’ frustration with Connecticut as a place to do business and criticized the legislature for contemplating new or increased taxes as it tries to deal with a $500 million hole in this year’s state budget.
Archive for March, 2010
Rell Sympathizes With UTC’s Frustration, Criticizes Legislature
Tuesday, March 16th, 2010UTC Plans Move from Connecticut
Saturday, March 13th, 2010One of Connecticut’s biggest employers is determined to move its operations out of the state, citing the high cost of doing business. United Technologies Corp (UTC), employs 26,000 workers in Connecticut, largely at Pratt & Whitney, Sikorsky and Hamilton Sundstrand. According to the Hartford Courant, top UTC executives have spoken often about the high cost of operating in Connecticut for years. Unfortunately, UTC isn’t the only employer in the state that has been affected by bad business policies.
Companies like UTC don’t want to lay off Connecticut workers and move their operation to other parts of the country or to places like China and Poland. But in many cases, leaving for greener pastures is the only way to survive. It’s long overdue that our state’s decision makers realize that anti-business, anti-growth policies equate to job loss in Connecticut.
UTC Tells Wall Street: ‘Anyplace Outside Connecticut’
Friday, March 12th, 2010Connecticut’s biggest private employer is determined to move more of its operations outside its home state and other “high-cost” locations, a top executive said today at a conference in New York.
HBJ: State In Tight Spot On Jobs
Monday, March 1st, 2010From today’s Hartford Business Journal: Connecticut’s sour economy is presenting a rare opportunity for making the state’s regulatory environment more business friendly. As part of their economic development strategies, both Democrats and Republicans say they want to streamline the permitting process across state agencies and remove or alter regulations that are duplicative, outdated, or in some cases overbearing to businesses. To see the full story, click here.
