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This year, the governor said, “We will continue to emphasize our best-in-the-nation public schools and workforce development, making sure every child, regardless of zip code, race, color, or creed, has the best opportunity at the starting line of life.”
Asked about their outlook for the Connecticut economy, 60% of respondents to a CBIA survey said they expect a contraction over the next 12 months.
“They may be new to CBIA, but they are all very familiar with the state capitol and the legislative process,” said Eric Gjede, CBIA’s vice president of government affairs. “They bring a lot of new energy to the team.”
The timing of the Nov. 3 election “isn’t helping things,” says Connecticut Restaurant Association Executive Director Scott Dolch. “Neither side wants to give the other side a win, unfortunately.”
According to the new CBIA survey, 47% of businesses expect to see a profit this year – down considerably from 77% last year – with 28% forecasting a loss (versus 11% in 2019) and 25% hoping to break even (versus 13% last year).
“Even if it is more expensive,” declared State Sen. Julie Kushner (D-Danbury), “that’s the cost of doing business.”
The incoming and outgoing chief executives of the CBIA, Chris DiPentima and Joe Brennan, discuss the transition process.
DiPentima is division president of Leggett & Platt Aerospace, which includes Pegasus Manufacturing in Middletown.
Leisure and hospitality, retail trade, and education and health services saw the greatest losses.
A group of 11 State Senate Democrats has sent a letter to Gov. Ned Lamont questioning the prudence of starting to reopen some state businesses on May 20 – concerns that the governor tried to assuage during today’s briefing.
After some back-and-forth over the past few weeks as to whether when some shuttered Connecticut businesses could start to reopen, Gov. Ned Lamont today affirmed that a number of sectors -- including restaurants, retailers, and hair salons -- will begin to open on May 20.
The state saw the number of COVID-19-postive cases in its hospitals decline for the first time since the start of the pandemic.
The Manufacturing Innovation Fund board has retooled its Manufacturing Voucher Program in order to provide grants of up to $75,000 to companies that adjust production to make in-demand medical equipment.
“We believe this program provides the quick, short-term financial assistance (small businesses and nonprofits) need to maintain operations and weather this storm," said Department of Economic and Community Development Commissioner David Lehman.