Connecticut Supports a Strong Business ClimateNovember 15, 2023
I'm pleased to share some exciting news regarding the progress we have made in Connecticut, thanks to our strong and fiscally responsible policies at the state level.
First and foremost, our bond ratings have reached stellar heights. This achievement is a testament to our unwavering commitment to financial stability and prudent decision-making. With these outstanding ratings, we are positioning Connecticut as an attractive destination for investors as well as bolstering economic growth and prosperity.
In addition to our impressive bond ratings, our job growth numbers continue to soar. Through strategic initiatives and a business-friendly environment, we have witnessed a steady improvement in employment opportunities across various sectors. This positive trend not only strengthens our workforce but also enhances the overall well-being of our state.
Furthermore, we have taken bold steps to address our unfunded pension debts by cutting billions from our balance sheets. By tackling this financial burden head-on, we are ensuring a more secure future for both current and retired public servants.
We have also successfully repaid the pandemic-era Unemployment Trust Fund loan. This proactive action sends a clear message that Connecticut is open for business and committed to supporting local enterprises. By relieving this financial obligation, we are empowering businesses to rebound and thrive in the post-pandemic era. For more detailed information on the unemployment repayment, please click here.
I would like to extend my heartfelt appreciation for your continued support throughout these endeavors. Together, we are building a stronger and more resilient Connecticut that sets an example for other states to follow.