Connecticut Supports a Strong Business Climate

November 20, 2023

Thanks to our strong, fiscally responsible policies at the state level:

  • Our bond ratings are stellar.
  • Job growth numbers keep improving.
  • We have cut billions in unfunded pension debts from our balance sheets.
  • We paid back the pandemic-era Unemployment Trust Fund loan, which is great news for local businesses.

This proactive repayment of the Unemployment Trust loan sends a strong message that Connecticut is open for business.

The Governor's Office has details on the unemployment repayment below.

Unemployment Loan Repayment Announcement

In addition, businesses in Connecticut will receive a nearly 10% drop in rates for workers' compensation insurance beginning on January 1, 2024. This marks the tenth consecutive year the Connecticut Insurance Department approved rate decreases. Lower rates translate into more savings, allowing businesses to invest in their workers. CLICK HERE to learn more about the history of workers' compensation rate changes.