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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 consensus out there – before the pandemic and now – is that there are three top problems: Workforce development, workforce development, and workforce development,” declares Colin Cooper.
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.
An unusual plan involving repurposing stranded tax credits may address the shortfall of qualified workers for open positions in various industries around Connecticut.
According to CBIA/CONNSTEP’s first Connecticut Manufacturing Report, issued at the 2019 Manufacturing Summit, workforce tops manufacturers' concerns, with 60% of poll respondents saying it was their most significant need – and 56% saying it was “difficult” to both find and retain young workers.
Meanwhile, Arthur House, the state’s chief cybersecurity risk officer, has left that position.