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“Months of dislocation are always opportunities,” declared Pitney President and CEO Marc Lautenbach about the pandemic.
“What is the biggest threat to our recovery? Ourselves,” CBIA President and CEO Chris DiPentima declared.
Gov. Ned Lamont has repeatedly said he will not support new taxes on Connecticut residents, but indicated yesterday that he was willing to discuss the proposals further.
"I’m hopeful the spirit of collaboration that led us to this point will fuel additional conversation about action we can take together to create a more competitive business climate," said House Minority Leader Vincent Candelora (R-North Branford).
Employers currently are solely responsible for repaying the $700 million that the state borrowed from the federal government to pay pandemic-related unemployment compensation benefits. With interest, they said, that sum could rise to $1 billion.
Almost a quarter of employers anticipate increasing the size of their workforce over the next six months, while only 11% predict reductions.
A recent report raises what the association terms “serious questions about the Connecticut Partnership Plan’s fiscal performance and outlook.”
“My goal is to get as many people vaccinated as quickly as possible, and I believe this is the best path to meeting that challenge,” the governor said.
“We don’t have the luxury of doing one thing at a time,” Lamont declared. “There’s too much at stake.”
“It’s still dicey out there,” the governor told today's Economic Summit and Outlook forum, presented by the CBIA. “We’re not going to get our economy back until we can get people back to work.”
“We must continue the fiscal discipline of recent years that has seen revenue growth and a Rainy Day Fund that is now at historic highs," declared CBIA president and CEO Chris DiPentima.
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.
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.”
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