#46 Connecticut
#48 in Taxation and Regulation
#36 in Workforce Quality
#37 in Living Environment
Right to Work? ✗
Regional Profile – Northeast
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| Delaware | ||||
| Maine | ||||
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| Massachusetts | ||||
| New Hampshire | ||||
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| New York | ||||
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Key Industries
Brownfield Redevelopment, Biotech, Clean Tech, I.T., Precision Manufacturing
Key Companies
Aetna
Ethan Allen
GE
The Hartford Financial Services
Perkin Elmer
Pitney Bowes
Stanley Black & Decker
United Technologies
UST
Xerox
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