Improving CT's Business ClimateJuly 17, 2017
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.
In addition, Connecticut passed New York – a much larger state and home to New York City’s economic engine – which fell from 29th to 38th in the U.S.
CNBC assesses states on 66 criteria in 10 categories. Overall, the state of Washington led the nation while Massachusetts led the Northeast by moving up from 20th to 10th.
I voted in favor of legislation this year to help businesses grow and spur economic growth. They include; increasing access to capital for small businesses; establishing a statewide information hotline where businesses can get advice and find resources that allow them to become established and thrive; and a task force to identify and recommend ways to match employers with skilled and trained workers.
I expect Connecticut will make further gains in next year’s CNBC survey.