business climate

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Lockheed puts big number on cost of business in Connecticut

Legislators say a senior Lockheed Martin official told them in private meetings Monday that $200 million in incentives the company wants for its Sikorsky Aircraft subsidiary are needed to help offset the $400 million more it would cost to produce CH-53K helicopters in Connecticut in coming years rather than in competing states. Continue Reading →

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Fight begins over lessons to draw from GE’s departure

Connecticut’s political elite raced Wednesday to frame General Electric’s decision to abandon its 1970s-era campus in suburban Fairfield for a new global headquarters in downtown Boston as everything from merely disappointing to politically cataclysmic. Business feared politicians would draw the wrong lessons. Continue Reading →

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Investing in business climate will be a tall order for CT

The challenge for state government, said economists and business leaders Wednesday, will be to find the resources to invest – in transportation, information technology and higher education – as the cost of public-sector retirement benefits spikes over the next decade to 15 years. Continue Reading →

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On business, Connecticut craves climate change

The annual business survey by the Connecticut Business and Industry Association was released Friday as the new state Commission on Economic Competitiveness begins assessing a business climate regularly described as dismal in national ratings. “The challenge for us is why,” said Joseph McGee, co-chairman of the commission. Continue Reading →

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The tricky business of measuring business climate

Forbes ranks Connecticut 36th among the states as a place to do business. Others peg it as low as 47th. On the plus side, Bloomberg places it fourth on its list of innovative states. And Connecticut ties for second-lowest business tax burden measured against productivity. Does it matter? Continue Reading →

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Behind The Numbers podcast – Episode 4: Businesses, Taxes and Transportation

Connecticut Mirror budget reporter Keith M. Phaneuf and Connecticut Business & Industry Association President Joe Brennan discuss the prospect of business tax increases in the next state budget, which would hurt the most, and whether companies would support Gov. Dannel P. Malloy’s transportation initiative this fall. Continue Reading →

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