Connecticut is the 44th Best State for Business 2014

Previous State: Hawaii Next State: Michigan

No. 44 Connecticut

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 
  • % Growth ’12-’13: 0.9
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -2.6

Unemployment

  • Unemployment Rate Dec. 2013 %: 7.4
  • Comparison with Nat’l Rate (6.70%): 0.7

Domestic Migration

  • Domestic Net Migration 2013: -17,224
  • Rank: 43

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 8,500
  • State & Local Gov’t Employees per 10k Residents: 537.4

State-Local Tax Burden

  • Rate (%): 12.3%
  • Compared to Nat’l Avg. (9.9%): 2.41%
Key Companies
  • General Electric Company
  • Xerox Company
  • Aetna Corporation
  • The Hartford Financial Services
  • Stanley Black & Decker
Development Trend Indicator: Negative
Embrace of minimum-wage boost pushes business to lower rung in Dante’s inferno.
CEO Comments
“Connecticut used to be very business friendly and [used to] have a competitive advantage over NY but it has squandered that lead.”


Based on CEO Survey by ChiefExecutive.net

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

J.P. Donlon

J.P. Donlon is Editor Emeritus of Chief Executive magazine.

Share
Published by
J.P. Donlon

Recent Posts

Raising The Bar: A More Disciplined Way To Hire Senior Leaders

Without a forward-looking lens, even a well-run process can produce the wrong outcome.

2 days ago

The State Of The States: Who’s Building The Future Of Business?

As the nation marks a quarter millennium, Chief Executive’s annual CEO survey of the Best…

2 days ago

Best & Worst States For Business 2026: Inside The Rankings

Our annual survey of more than 650 CEOs, presidents and business owners—with representation from every…

2 days ago

Manufacturing Confidence Cools In April, Mainly On Geopolitical Concerns

Many U.S. manufacturers are moderating their economic expectations in response to rising oil prices and…

2 days ago

Inside Irwin Simon’s Leadership Philosophy: ‘Don’t Yes Me’

From building Hain Celestial into a multi-billion-dollar natural and organic powerhouse, to forging new venture…

4 days ago

TruGreen CEO Kurt Kane: ‘To Elevate Your Game, Fight For Every Point’

On the latest episode of Corporate Competitor Podcast, Kane, who also served as president of…

5 days ago