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Thirteen of Connecticut’s largest business groups have sent a letter to Gov. Ned Lamont and the state’s legislative leaders seeking the creation of a new, $70 million small business grant program.
“Even if it is more expensive,” declared State Sen. Julie Kushner (D-Danbury), “that’s the cost of doing business.”
In light of the crisis, Brennan reversed previously announced plans to retire.
“Identity theft continues to expand at an exponential rate,” says CBIA Service Corp. President Ken Comeau. “This growing threat has resulted in an increased demand for quality identity monitoring and restoration services.”
“If this pace of job recovery continues, we will get to full recovery by early 2020,” says Pete Gioia, economic adviser of the Connecticut Business & Industry Association.
The largest year-over-year increase was at Emergency Services & Public Protection, whose total overtime rose by $6.5 million – 33.1% -- to nearly $26.3 million.
"Connecticut has to build upon our many strengths and not allow bad policy choices to slow us down," says the organization's President and CEO Joe Brennan.
“We will struggle to grow by zero to 1 percent," forecasts Connecticut Business & Industry Association President and CEOJoe Brennan.
“We need bold reforms to jumpstart our stalled economy, and we need a retooling of our jobs pipeline,” CBIA economist Pete Gioia said.
The 500,000-square-foot, 15-story headquarters will be at 406 Washington Ave.
Sixty-five percent of respondents expect profits this year (compared with 66 percent last year), 24 percent say they will break even (17 percent), and 11 percent forecast losses (17 percent).