#46 Connecticut


3.11 out of 10 in Taxation and Regulation

6.41 out of 10 in Workforce Quality

6.15 out of 10 in Living Environment

Right to Work?


State Profile

Nearly 3,800 new jobs have been created in Connecticut and $1.3B has been invested in new infrastructure at the 13 companies participating in Gov. Dannel P. Malloy’s First Five Plus jobs initiative, which provides assistance for large-scale business projects as a means of encouraging business expansion, relocation and job creation. For small businesses that export, The Connecticut Dept. of Economic and Community Development is giving grants of up to $7,000, as part of the U.S. Small Business Administration’s State Trade and Expansion Program.

Key Industries

Insurance/Financial, Brownfield Redevelopment, Biotech, Clean Tech, IT, Precision Manufacturing

Key Companies

Aetna
Ethan Allen
GE
The Hartford Financial Services
Perkin Elmer
Pitney Bowes
Stanley Black & Decker
United Technologies/Sikorsky Aircraft
UST
Xerox

Key Contacts

Dept. of Economic & Community Development

Catherine Smith, Commissioner
catherine.smith@ct.gov
860-270-8000
505 Hudson Street
Hartford, CT 06106
DECD@ct.gov
http://www.ct.gov/ecd/site/default.asp

CEO Comments

“Connecticut is our home base state. While we have challenges, the workforce is solid and the quality of life is strong. Its biggest challenge is location between New York and Boston, as well as a poorly run legislature on both sides of the aisle.”

“Connecticut used to be a good place to do business relative to its neighbors but has squandered its tax and regulation advantages. Worst of all, the governor and legislature don’t seem to care about mid-sized and small companies and take us for granted. They just focus on a few high-profile companies. Even GE moving out hasn’t woken them to the reality to not take businesses for granted. Leases expire and companies and jobs will continue to leave if the government doesn’t address the issues.”

Current Developments

2017 Regional Report: Northeast

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