Archive for January, 2011

CTNJ: Lawmakers Seek To Keep Campaign Promise on Jobs, Economy

Monday, January 24th, 2011

From CT News Junkie:  “For years, business lobbyists have been trying to get state lawmakers to think about the impact their legislation has on private industry, the same way it estimates the impact on state government.  This year on the campaign trail almost every lawmaker pledged to put jobs and the economy at the forefront of their legislative agendas and last week the Commerce Committee took the first step toward making that goal a reality.”  To see the full article click here!

HBJ: Economist: CT added some 2K jobs in Dec.

Monday, January 24th, 2011

From the Hartford Business Journal: “Connecticut likely gained as many as 2,000 jobs in December, according to economist Donald Klepper-Smith, who shared his economic assessment Friday with the Connecticut Society of Certified Public Accountants.”  To see the full article click here!

Obama: Regulations do have costs; often, as a country, we have to make tough decisions about whether those costs are necessary

Wednesday, January 19th, 2011

President Obama’s Opinion Piece on Regulation Reform from yesterday’s Wall Street Journal: “For two centuries, America’s free market has not only been the source of dazzling ideas and path-breaking products, it has also been the greatest force for prosperity the world has ever known. That vibrant entrepreneurialism is the key to our continued global leadership and the success of our people.

But throughout our history, one of the reasons the free market has worked is that we have sought the proper balance. We have preserved freedom of commerce while applying those rules and regulations necessary to protect the public against threats to our health and safety and to safeguard people and businesses from abuse.”  To see the full article click here!

AIM: Economic Growth Requires Consistently Strong Business Climate

Wednesday, January 19th, 2011

From the Associated Industries of Massachusetts: “Emerging industries such as solar and wind power play an important role in economic growth, but so do existing sectors that employ – and will continue to employ – the vast majority of Massachusetts residents.  Innovation and technology are hallmarks of successful business in every corner of the Massachusetts economy. A consistently favorable business climate is especially important in areas like the Berkshires, the Pioneer and Merrimack Valleys and Central and Southeastern Massachusetts, where the economy often depends on traditional economic drivers.”  To see the full article click here!

HBJ: CT's annual employment growth expected to be worst in country according to report

Wednesday, January 19th, 2011

From the Hartford Business Journal: “Connecticut is expected to have the lowest annual expected employment growth in the nation over the next five years, according to an industry study.

A recent report by New York-based IHS Global Insight, which provides economic and financial analysis, said Connecticut’s annual employment is expected to grow by less than 1 percent over the next five years, the worst growth rate of any state in the country.”  To see the full article click here!

HBJ: CT’s annual employment growth expected to be worst in country according to report

Wednesday, January 19th, 2011

From the Hartford Business Journal: “Connecticut is expected to have the lowest annual expected employment growth in the nation over the next five years, according to an industry study.

A recent report by New York-based IHS Global Insight, which provides economic and financial analysis, said Connecticut’s annual employment is expected to grow by less than 1 percent over the next five years, the worst growth rate of any state in the country.”  To see the full article click here!

Maine Biz: Five Economists Foretell What's in Store for 2011

Thursday, January 13th, 2011

From Maine Biz: “It’s been real, 2010, but a new year and a new decade bring hope for a fresh financial start. To let us in on what we can expect in 2011, Mainebiz brings together five economic experts as part of our annual attempt to peer into the future. With predictions for the economic recovery ranging from “promising” to “anemic” and best guesses on the chances of a double-dip recession ranging from nearly zero to 40%, their forecasts are far from uniform.” To see the full article click here!

Maine Biz: Five Economists Foretell What’s in Store for 2011

Thursday, January 13th, 2011

From Maine Biz: “It’s been real, 2010, but a new year and a new decade bring hope for a fresh financial start. To let us in on what we can expect in 2011, Mainebiz brings together five economic experts as part of our annual attempt to peer into the future. With predictions for the economic recovery ranging from “promising” to “anemic” and best guesses on the chances of a double-dip recession ranging from nearly zero to 40%, their forecasts are far from uniform.” To see the full article click here!

AP: Solar Company That Got $58M Leaving Mass.

Thursday, January 13th, 2011

From the Associated Press: “A solar panel manufacturer that benefited from $58 million in state aid to open a factory at a former Massachusetts military base is closing the plant and laying off 800 workers.”  To read the full story click here.

LTE: Tourists Produce a Real Financial Threat

Monday, January 10th, 2011

The following appeared in a Letter to the Editor published in today’s Hartford Courant: “Our state is rich with everything from science centers to farms, parks, museums, historic sites, beaches, rivers, rolling hills, vibrant cities and towns with fairs, festivals and concerts, and numerous eating places with interesting variety to please every palate. Tourism dollars support the Connecticut economy, jobs and taxes. Not to invest in tourism marketing is penny-wise and pound foolish.”  To see the full Letter to the Editors click here!