with the legislature promising to return to the State Capitol later this month to convene a Special Session to take care of some unfinished business from the regular 2021 session that concluded on June 9, efforts are intensifying to put back on the agenda an item that didn’t make the cut in the final days earlier this month - the Transportation and Climate Initiative.
Read More“Consumer demand sharply increased for particular goods, while others experienced dramatic drops,” in 2020, largely attributable to COVID-19, according to an analysis of state exports highlighted in the June issue of the Connecticut Economic Digest. The impact of the pandemic was evident in the state’s export numbers, which dropped 15%.
Read MoreHartford has no intention of giving up the title of Insurance Capital of the World. And while corporate mergers, relocations, and more than a year of COVID dislocations, the industry is looking forward, not backward. That is particularly evident with the return of the 2021 Innovation Challenge, a chance get a glimpse of what’s next for the industry, locally and beyond.
Read MoreNearly two-thirds of residents in the Northeast said in a recent survey that once they are vaccinated they will feel comfortable engaging in tourism activities, including seeing live performances, attending festivals, and enjoying indoor attractions. The faster the vaccine rollout, the faster visitation will increase. That was the finding of a new, proprietary research program aimed at supporting the Connecticut tourism industry’s recovery.
Read MoreConnecticut’s plan to consolidate and modernize information technology operations is gaining notice nationally, leading coverage in StateTech and State Scoop, which focuses on technology decisions and the latest technology trends in state governments around the country.
Read MoreExport sales by Connecticut companies were down 15% in 2020 when compared to 2019 levels, largely due to economic disruptions from COVID-19. Total Connecticut exports were $13.8 billion in 2020, down from $16.2 billion, according to the U.S. Small Business Administration. Aircraft engines and parts represented about 30% of overall CT exports, leading the way.
Read MoreThe State Department of Economic and Community Development’s (DECD) Connecticut Office of the Arts (COA) has approved an application from the Town of Ridgefield to establish a Cultural District in town. Ridgefield is the first municipality in the state to receive the designation.
Read MoreLocation matters. And once again, Stamford is benefitting from that incontrovertible axiom. When Webster Bank, with deep roots in Waterbury, reached a merger agreement this past week with New York-based Sterling Bancorp, the announcement included plans to establish the headquarters of the newly combined organization in Stamford.
Read MoreWomen In Bio (WIB), a national organization of professionals committed to promoting the careers, leadership and entrepreneurship of all women in the life sciences, chose Connecticut as home to its 14th and newest chapter in North America. The new chapter will have its kick-off event virtually on April 20, bringing the perspectives of panelists from pharma, academia, and the BioCT organization.
Read MoreThe 2021 edition of the 100 Best Companies to Work For, published annually by Fortune magazine, showed that only a single Connecticut company earned a place in the rankings. Synchrony, a financial services company based in Stamford, stood alone among Connecticut companies, and ranked number 37 on the list.
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