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Delayed reopen date for Connecticut hair salons sparked rift in the beauty...
**Meghan Portfolio contributed to this article** Amanda Roos never got to open her brand-new Painted Goddess Salon in Monroe. Her new beauty and hairdressing business was ready to open its doors on...
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Gym and spa owners “rolling with the punches” awaiting Phase 2 reopening
Pure Barre in Guilford, CT With Phase 1 of Gov. Ned Lamont’s reopening plan underway, business owners across the state have their eyes set on the next phase of reopening, which Lamont just scheduled...
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Connecticut in “economic freefall,” according to study
The newest annual Rich States, Poor States report from the American Legislative Exchange Council dedicates an entire chapter to “Connecticut’s Economic Freefall,” citing Connecticut’s high-tax...
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Minimum wage set to increase in September as reopening plan stalls
Connecticut’s minimum wage is set to rise to $12 per hour in September, even as businesses in the state remain limited to 50 percent indoor capacity or are struggling with a loss of customers due to...
View ArticleConnecticut Department of Labor estimates 130,000 overpayments of...
During a virtual meeting with the state Appropriations Committee on August 14, Department of Labor Deputy Commissioner Daryle Dudzinski told committee members the DOL estimates there have been 50,000...
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Connecticut ranks 23rd on Moody’s “Back to Normal” index
Connecticut’s economy is 81 percent of what it was in March before the shutdown of businesses due to the COVID-19 pandemic, according to a new “Back to Normal” index compiled by Moody’s Analytics and...
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Barron’s places Connecticut 45th in nation for “credit worthiness”
Barron’s, the financial investor publication, conducted an overall “credit worthiness” scorecard for states and ranked Connecticut near the bottom of the pack, despite a hefty budget reserve fund....
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Connecticut job loss largest on record since 1960, recovery may be long and slow
With only a few months left in the year, it is almost certain that 2020 will mark the largest annual job loss in Connecticut’s history going back to 1960 due to the pandemic and, according to...
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Survey by Federal Reserve says 77 percent of people doing “okay,” but gaps...
An updated report by the Federal Reserve on Friday says that 77 percent of 4,174 people surveyed said they were doing “okay” financially during the pandemic, an increase of 5 percent since the survey...
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Report finds Connecticut is $67 billion in the red; Lamont says long-term...
A new annual report from Truth in Accounting found Connecticut has $67 billion in bonded debt and unfunded retirement costs, making it the third most indebted state per taxpayer in the nation. The...
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Rep. DeLauro sponsors sweeping independent contractor bill; would force...
Photo by Center for American Progress @Flickr.com A large and sweeping labor bill sponsored by U.S. Rep. Rosa DeLauro would change how workers are classified as independent contractors, make...
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Presentation on Connecticut’s economy from Yankee Institute’s 2020 Economic...
On Thursday October 15, Yankee Institute held an online forum with four renowned economists who discussed the current and future state of both Connecticut’s economy and the national economy in the...
View ArticleMeasuring success for business incentive programs isn’t easy or clear,...
The Department of Economic and Community Development offers loans, grants and business tax credits to qualifying businesses under a variety of program intended to boost economic activity and jobs in...
View ArticleConnecticut’s 2019 job growth was dead last in the country, according to...
Connecticut’s job growth in 2019 was dead last in the country and only 48th since 2010, according to Connecticut Department of Labor report released on election day. According to the Connecticut...
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Charitable foundation closes after “many” donors leave Connecticut, COVID...
The Inner-City Foundation for Charity and Education, based in Bridgeport, announced it was closing its nearly 30-year operation after corporate donations dried up, donors left for other states and the...
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Waterbury and Hartford see big increases in renting, homeownership over last...
Waterbury had one of the highest increases in the percentage of residents renting apartments in the country, while Hartford, on the other hand, saw one of the highest increases in homeownership over...
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Over 200,000 people have moved out of Connecticut since 2010, as state...
Connecticut continued its nearly eight-year streak of losing more residents to other states in 2019, as the state saw a net loss of more than 22,000 residents, the fifth highest number of outmigrants...
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House Republicans pitch relief for bars and restaurants
Republicans from the House of Representatives held a press conference today outlining a plan for the state to provide relief for bars and restaurants that remain either closed or under strict capacity...
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Hotels hang by a thread waiting for more federal aid: “The risk is tremendous.”
The Connecticut Restaurant Association estimates that as many as 600 restaurants have closed permanently as a result of the COVID-19 pandemic and subsequent business restrictions but another wave of...
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Governor’s economic report shows “Connecticut’s Comeback” might take a while
Gov. Ned Lamont labeled his proposed budget “Connecticut’s Comeback” and that may be true in regard to Connecticut surviving the fiscal impact of the pandemic better than expected, but, according to...
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