Rep. Joe Courtney says ‘the well is going empty,” but partisan differences stall new federal coronavirus-response help.
Connecticut Business and Industry Association
Posted inMoney
CT businesses may have to wait for loans, but there’s a plan to boost Paycheck Protection Program
Mnuchin wants $250 billion more for Paycheck Protection Program loans that are in great demand by CT small businesses.
Posted inMoney
CT businesses set to rush for federal coronavirus loan program
As part of the federal coronavirus response, a new $350 billion federal loan program will begin accepting applications on Friday.
Posted inPolitics
As the workforce ages, lawmakers revisit age discrimination
With one in four workers now aged 55 and older, Connecticut lawmakers of both parties are rallying around a relatively modest bill aimed at age-discrimination.
Posted inEconomic Development
Business-owning lawmakers spar over state employees, economic climate
Lawmakers who participated in an annual economic summit Monday differed on whether CT is becoming more friendly or hostile to businesses.
Posted inEconomic Development
Connecticut bets on manufacturing renaissance, but hurdles remain
Connecticut is betting on the state’s manufacturing legacy, but so far employment growth in that sector is lagging behind the national average.
Posted inMoney
Businesses wary of 2020 as confidence in CT legislators drops to all-time low
Eight out of 10 Connecticut companies say the business climate is declining, according to the CBIA. One reason is concern about the state’s new paid FMLA law and minimum wage hike.
Posted inPolitics
Lamont promotes paid leave, minimum wage to skeptical business leaders
The governor defended the legislation, along with his push for electronic tolls and the need for more investment in transportation.
Posted inMoney
CT’s tax receipts rebound faster than those in most states
A new analysis from the Pew Charitable Trusts shows Connecticut’s tax receipts have rebounded faster than those in most other states since the last recession.
Posted inMoney
CT economy poised for strong growth in 2019
Connecticut’s economy and the nation’s are poised for strong growth in 2019, though both are at risk of recession by 2020, economic experts warned hundreds of business leaders Friday.
Posted inHealth
CVS, Aetna urge Connecticut regulators to approve proposed acquisition
The Connecticut Insurance Department now has 30 days to decide whether to approve CVS Health Corp.’s acquisition of Hartford-based Aetna Inc. – a merger the companies say will drive down health care costs and opponents portray as anti-competitive and harmful to patients.
Posted inMoney
‘Donor state’ Conn. gets more than its fair share of federal contracting dollars
WASHINGTON– Connecticut pays more in taxes than it gets back in federal dollars, but when it comes to federal contracting dollars, the state receives more money than most and this could be a banner year.
Posted inMoney
Survey: CT companies lukewarm about state’s economic future
While most Connecticut businesses are optimistic the nation’s economy will grow over the next year, a new survey has found many have broad anxiety about the state’s economic future.
Posted inPolitics
Big spender in ’16, CBIA swears off independent expenditures
Connecticut’s largest business trade group is stepping away from the aggressive role it played two years ago in the fight for control of the General Assembly: Instead of trying to influence legislative elections with independent expenditures this fall, it will spend $600,000 on advertising to shape a pro-business agenda in January.
Posted inMoney
Connecticut’s Schick razors receive a waiver in tariff war
WASHINGTON – The Trump administration new policy on imported steel and aluminum has prompted dozens of Connecticut companies to ask for an exclusion from new tariffs on these metals, but only one, Schick Manufacturing Inc. of Shelton, has as yet received a waiver. Meanwhile, the European Union has counter-punched and President Donald Trump threatens to escalate the trade war.