The success of UTC and Pratt and Whitney is good news for the state of Connecticut. The CT-based company reported higher revenue in three of its four businesses: jet engine maker Pratt & Whitney, Otis elevator and UTC Climate, Controls and Security.
The state House of Representatives took a significant step toward solving the state’s fiscal crisis by securing a crucial piece of the budget puzzle – ratifying a concessions deal that is expected to save taxpayers $1.5 billion over the next two years.
Connecticut’s business climate is improving. According to CNBC’s Top States for Business 2017 survey, the Nutmeg State jumped 10 positions in just one year. Connecticut’s gains are attributed to education and quality of workforce.
