State Economy, Business Climate Remains Strong

November 29, 2023

Connecticut's economy remains strong with a robust business climate and low unemployment.

Fiscally responsible policies at the state level has helped lead to a stronger economy, budget surpluses and the ability to pay down our long-term debt.

As a result, we have been able to increase investment in important areas such as education, healthcare, and lowering the cost of doing business in Connecticut.

Strong Business Climate

A number of key metrics has contributed to a strong state economy including:

In addition to the proactive repayment of the Unemployment Trust loan, businesses are also receiving a 10% reduction in their Workers' Compensation Rates for 2024.

As House Chair of the Bonding Subcommittee, and a member of the Finance, Revenue and Bonding Committee, I am committed to promoting fiscal responsibility and stability to strengthen our economy, while maintaining our excellent credit rating and paying down debt.