House passes data center bill under emergency certification
A bill granting up to 30 years of property and sales tax exemptions for data centers in Connecticut passed in the House of Representatives 133-13 under an emergency certification. Although the...
View ArticleAudit shows improper loan forgiveness, excessive tax credits by DECD
The Department of Economic and Community Development, which awards low-interest, forgivable loans and tax credits to businesses, has been all too forgiving and generous, according to a new audit. Loans...
View ArticleIs Connecticut still the richest state in the nation? Barely
Connecticut has for many years been labeled the richest state in the nation because of its highest-in-the-nation per capita income, but that may be rapidly changing according to figures from the U.S....
View ArticleHartford to consider a universal basic income pilot program
The City of Hartford’s Court of Common Council voted in March to create a task force to assess the possibility of a universal basic income pilot program for some of its residents. The task force will...
View ArticleConnecticut businesses on the hook for $844 million in unemployment borrowing
Connecticut entered the COVID-19 pandemic with roughly half the money in its unemployment trust fund needed to withstand a typical recession and subsequently, the state had to borrow $894 million from...
View ArticleFinance Committee keeps menthol cigarettes, moves forward with flavored vape ban
As the federal Food and Drug Administration moves forward with plans to ban the sale of menthol cigarettes and flavored tobacco, Connecticut’s Finance, Revenue and Bonding Committee opted to give...
View ArticleBP sees green in TCI program as oil giant acquires nation’s largest forest...
International oil giant BP has been lobbying for Connecticut’s General Assembly to pass the Transportation and Climate Initiative program to lower transportation emissions, but the company could end up...
View ArticlePolicy Corner: For CT jobs numbers, back to normal isn’t enough
Connecticut added 8,600 private-sector jobs in May, its biggest monthly gain since September, but the state has a long way to go to recoup its early pandemic losses. The state Labor Department figures...
View ArticleRestaurant owner closes Fairfield location after struggling to find workers,...
After eight months of trying to hire staff, the owner of the small sandwich and burger joint Blue Cactus Grill closed his location in Fairfield with a message for Connecticut lawmakers: “We hope the...
View ArticleConnecticut manufacturer faces difficulty in hiring as extended unemployment...
A Waterbury-based manufacturer of plastic medical devices says that for the first time they are having difficulty finding workers to fill the low-skill positions necessary to fulfill their orders and...
View ArticleBP sees green in TCI program as oil giant acquires nation’s largest forest...
International oil giant BP has been lobbying for Connecticut’s General Assembly to pass the Transportation and Climate Initiative program to lower transportation emissions, but the company could end up...
View ArticlePolicy Corner: For CT jobs numbers, back to normal isn’t enough
Connecticut added 8,600 private-sector jobs in May, its biggest monthly gain since September, but the state has a long way to go to recoup its early pandemic losses. The state Labor Department figures...
View ArticleRestaurant owner closes Fairfield location after struggling to find workers,...
After eight months of trying to hire staff, the owner of the small sandwich and burger joint Blue Cactus Grill closed his location in Fairfield with a message for Connecticut lawmakers: “We hope the...
View ArticleConnecticut manufacturer faces difficulty in hiring as extended unemployment...
A Waterbury-based manufacturer of plastic medical devices says that for the first time they are having difficulty finding workers to fill the low-skill positions necessary to fulfill their orders and...
View ArticleLow wage employment in Connecticut remains down 32 percent
Connecticut’s employment numbers are trailing the rest of the country in all income groups as the state struggles to bounce back from the COVID lockdowns, but the jobs gap remains especially pronounced...
View ArticleState retirees to see pension bump as inflation jumps 6 percent
Retired Connecticut state employees will see a substantial bump to their pension payments as a result of increasing economic inflation. The Consumer Price Index for Urban Wage Workers and Clerical...
View ArticleNumber of Connecticut businesses declined 6 percent in ten years, according...
Connecticut saw a 6.4 percent decline in the number of businesses over the course of a ten-year period during which the nation on average saw a 2.5 percent increase, according to a report by Commercial...
View ArticleMassachusetts ballot initiative could force TCI rollback
Massachusetts Gov. Charlie Baker signed on to the Transportation and Climate Initiative program without legislative approval, but he may soon need voter approval if Massachusetts is going to remain in...
View ArticleEnvironmental group hires more lobbyists for September as push for...
Save the Sound, one of Connecticut’s environmental advocacy groups pushing hard for the Transportation and Climate Initiative program, is ramping up their lobbying efforts in September, according to...
View ArticleCT’s Private-Sector Employment Recovers—To 2011 Levels
Private-sector employment in Connecticut topped 1.38 million in August, new data show, bringing employment just above January 2011 levels. The figures, released by the state Labor Department, show...
View Article