The hard fact is that Connecticut’s economy, measured by Gross State Product (GSP), has actually declined since 2007 - in stark contrast to neighboring states and the U.S. as a whole.
Back in 2008, the State of Connecticut was ranked 18th with job growth as reported by CGA.
Since 2010, Connecticut’s job growth is an anemic 0.1, trailing most of the region and the country as reported by Bureau of Labor Statistics.
The State of Connecticut
The State of Connecticut has always been positioned to be a powerful player in the global commerce marketplace. The business climate is technology and innovation friendly. It has the infrastructure, the home of four major transportation hubs: water, rail, highways, and airports. Connecticut is also known for its beautiful fall foliage and summer greenery – to add, farming.
There is much that is attractive about Connecticut, but we have an enormously declining business climate, deeply embedded budget imbalances, and a loss of the state’s highest income earners. Businesses create jobs. Jobs build thriving communities. Thriving communities provide better quality of living and improved health, all which are the key cornerstones to living. The state of Connecticut was designed to produce such a way of life. Together, we will boldly reclaim a prosperous business market for the state, the civil liberties of its citizens and overcome every setback.