Jobs For Connecticut Now

According to a recent article in the Hartford Business Journal, Moody’s Investors Service has downgraded Connecticut’s general obligation bond rating. The company cites the state’s heavy debt load, unfunded pensions liabilities, and the overall deplete of reserves as reasons for the downgrade. Some say that they foresaw the downgrade; others question the reasoning behind the decision. Whether or not you agree with the downgrade, the fact is that businesses rely on these grades when choosing potential investments opportunities, a point that is crucial for the creation of jobs in Connecticut.

But, it wasn’t all bad news for the state. Moody’s also said it has a “stable” outlook on Connecticut and expects that the state’s “revenue trends should improve as it emerges from the recession.” It is true that Connecticut is slowly coming out of its economic slump. Creating economic plans that include measures to promote economic stability and innovation within the region should be priority number one for the legislature. If the legislature is successful in creating economic incentives for businesses, we just might be able to see an increase in job creation and even a bump up in our ratings in the near future.