The minimum wage in Connecticut will increase from the current rate of $12.00 per hour to $13.00 per hour beginning on Sunday, August 1, 2021, the latest step in a five year plan to move the state’s minimum wage to $15.00 per hour on June 1, 2023. Mystic Seaport Museum will reach the final step sooner.
Read MoreThe impact of the pandemic on Connecticut’s small and very small businesses is plainly evident, a review of data compiled at the start of the year by the Connecticut Small Business Development Center (CT SBDC) illustrates.
Read MoreThe problem is revealed in a startling statistic: 1,782,479 drones are registered in America; China-based DJI makes 77% of them. The solution may be closer to home: Aquiline Drones, a commercial drone manufacturing and technology company based in Hartford, with a state-of-the-art, drone manufacturing and assembly lab.
Read MoreWorkplace violence has occurred at one-third of small businesses, a recent survey of owners and managers nationwide has found, with many expressing concern that the problem is getting worse. The survey was conducted for Hartford Steam Boiler.
Read MoreConnecticut, and many of its municipalities, are looking for business. All one needs to do is flip thru the pages of the most recent edition of Site Selection magazine and it’s apparent that the drive to attract business has intensified across the country, and Connecticut is no exception.
Read MoreConnecticut Congressman Jim Himes’s past, it turns out, is prologue for a new, high-profile, assignment. Himes was selected by U.S. House Speaker Nancy Pelosi to serve as Chairman of a newly created Select Committee on Economic Disparity and Fairness in Growth, leading the Congressional effort to respond to a growing disparity that has been exacerbated - and more blatantly exposed - by the pandemic.
Read Morewith 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 MoreAfter an analysis of the impact of the COVID-19 pandemic on Connecticut women, the Permanent Commission on the Status of Women in Connecticut (PCSW), a bipartisan organization, is urging the state to take a series of steps to spur economic recovery in the state, particularly among women.
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