ChiefExecutive.net

Advantages

Gov. Malloy appears ready to negotiate and is proactively going after new business; and he’s using the state’s open stance on LGBT as a weapon.

Challenges

A new study showed that other states are closing the gap on Connecticut’s livability and cost advantages, while job creation has not returned to pre-recessionary levels.

Key Contacts

Dept. of Economic & Community Development

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

CEO Comments

“While I’ve had business operations in a number of states, Connecticut is far better than reported with high-quality people, great schools and is inexpensive relative to Boston or NYC on either side of it.”

“We recently relocated the majority of our CT office to TX because of the extreme difficulty of doing business … in the state.”

“CT taxes have to stop. A good start would be a 5% reduction in state spending and an honest look at not only the gov’t but all the NGOs that wouldn’t exist without state sponsorship.”

“Connecticut … overplayed their hand with GE and lost—and those losses will continue. As my company’s leases come due, we are looking to relocate those facilities and jobs to more business friendly states—and I will make sure to move out of CT before I retire so I don’t die in CT given their backward estate taxes.”

Current Developments

Regional Report: Northeast 2016
March 18, 2016

Why FM Global CEO Lawson is the Ultimate Insider
January 21, 2016

Barnes Group CEO Patrick Dempsey Discusses Culture’s Role in Operational Excellence
April 5, 2016

3D Is No Longer the “Next Big Thing”: It’s Here
March 3, 2015