Transfer Credit Policy, Job Placement Key to Online Students, Distance From Institution Matters Less

A national study of students pursuing on-line degrees found that cost and financial aid are important, but not critical in the decision-making process for those considering an on-line program of study.  In addition, the data indicates that job placement messaging resonates, and transfer credit policy makes a difference in attracting online students. The “Online College Students 2014: Comprehensive Data on Demands and Preferences” report, is a joint project of Learning House and Aslanian Market Research, a division of EducationDynamics.  The standard benefits of an online program, such as convenience and flexibility, are no longer enough for colleges and universities to differentiate themselves, according to the study. Instead, students are looking for value, both in earning their degree and in how the degree will help their career. Among the key findings:

• Although students reported that cost was a primary selection factor when choosing an online degree program, approximately two-thirds of respondents said they did not choose the most inexpensive program. Only 20% said they would not attend an institution if financial aid was not offered, although approximately half said they would need financial aid.

• When given a choice of 18 marketing messages, the overwhelming favorite was “90% job placement.” The top-ranked marketing message categories were:  Career Opportunities (28%), Personalization (19%), Speed to degree (17%), Scholarships/Promotions (17%), Quality/Reputation (11%), and Student Support (8%).

• Approximately 80% of students have earned credit elsewhere, and those students want to bring that credit with them. Having a clearly defined, generous, and easy-to-navigate transfer credit policy can help institutions stand apart.

Overall, the study found that 54 percent of students attend an institution within 100 miles of where they live, showing a three-year trend of students increasingly willing to attend an institution farther from home. (In 2012, 80% reported attending an institution within 100 miles of where they lived. This declined to 69% in 2013.)

The number of individuals working full time declined from 60% in 2012 to 46% in 2014, while the number of those who are unemployed rose from 16% to 30% over the three past consecutive studies.

“For institutions looking to expand their online footprint, it’s critical to communicate the right message to students,” said Dr. David Clinefelter, Chief Academic Officer at Learning House and coauthor of the report. “Colleges and universities need to not only think about what sets their institutions apart, but also track student outcomes to provide quantifiable data about the value of their degrees.”

In Connecticut, Charter Oak State College's degree completion programs enable adults, who already possess college credits or work experience, to complete the Associate or Bachelor's (Baccalaureate) degree that meets their needs. Connecticut's public online college has been ranked number one in affordability among online degree programs in-state by AffordableCollegesOnline.org (AC Online). The  College offers a number of workforce relevant programs for adults who want to advance their careers, change careers, return to work, or validate their training and educational experiences.  Majors that can be completed using Charter Oak courses exclusively include Cyber Security, Health Care Administration and Health Information Management.

According to the National Center for Education Statistics, in 2012 approximately 2.6 million students were enrolled in fully-online degree programs, while 5.5 million were taking at least one online course.

Construction of New Rail Stations Set to Begin in 3 Connecticut Communities

The start of construction is imminent this fall for new rail stations in Wallingford, Meriden and Berlin as part of the New Haven-Hartford-Springfield (NHHS) Rail Program.  The new, expanded commuter service, to debut in 2016, will be branded the “Hartford Line,” as a key component of an increasingly robust multi-modal regional transportation system being developed in the state and region. Improvements at the three stations include high-level platforms on both sides of the track, overhead pedestrian bridge with new elevators and stair towers, platform snow melt systems, electric vehicle charging stations, ticket vending machines and passenger information display systems,  high-resolution video surveillance systems, increased parking capacity and roadway access improvements, improved accessibility and bicycle racks.

Funded through the Passenger Rail Investment and Improvement Act (PRIIA) created under President Barack Obama in 2008, and State of Connecticut bonds proceeds, the NHHS Rail Program is aimed at providing significant new regional passenger rail service options.  Existing stations on the Hartford line are in New Haven, Wallingford, Meriden, Berlin, Hartford, Windsor Locks and Springfield.  Plans call for future stations in North Haven, Newington, West Hartford and Enfield. 

Officials point out that one of the primary objectives of the NHHS program is to serve as a catalyst for transit-oriented development (TOD) around the stations. The state Department of Transportation is working with towns to help leverage the investment in railroad infrastructure to capture local development benefits. TOD, in the form of compact, mixed-use districts, is pedestrian-friendly and contributes to vibrant and active communities. By promoting the use of transit, TOD also reduces reliance on automobiles, resulting in energy cost savings and improved air quality.

In June, officials from the U. S. Department of Transportation’s Federal Railroad Administration (FRA) toured parts of the NHHS Rail corridor, and state officials recently visited a proposed rail station site in Enfield.

The new NHHS rail service is expected to operate at speeds up to 110 mph, cutting travel time between Springfield and New Haven to as short as 79 minutes. Travelers  will be able to board trains every 45 minutes during the morning and evening peak hours and every 90 minutes during off-peak periods when the new system is operational.

A year ago, a West Haven rail station was added to the New Haven line.  Located midway between Milford and New Haven stations, West Haven was the first new station to open on the New Haven Line since Fairfield Metro Station was added in 2011. West Haven Station was designed by Vanasse Hangen Brustlin and built by a Connecticut company, Manafort Brothers of Plainville.

A New York City-based construction firm, Judlau Construction, has been awarded the $58.8 million contract to build the new railroad stations in Berlin, Meriden and Wallingford, the New Haven Register reported last month.  The firm specializes in large public works projects and design-build services, and currently ranks #132 on Engineering News Record’s list of the Top 400 Contractors, as well as #32 among Top Domestic Heavy Contractors. (In 2011, the company ranked #113 on the Top 400 list and #33 on the Top Domestic Heavy Contractors list.)

In June, the Chicago Tribune reported that the company was being awarded a $64 million construction contract by Illinois Tollway as low bidder for construction of new highway entrance ramps.  The Tribune also reported that Judlau “admitted improper hiring practices and paid a $7.5 million penalty in connection with an alleged minority hiring scheme” in New York, which the company said it had “self-reported” to the U.S. Attorney’s office.  The Tribune reported that “according to a 2012 civil lawsuit settlement with the U.S. attorney's office, Judlau and its partner in a Metropolitan Transportation Authority tunnel project admitted engaging in improper hiring practices involving minority- and women-owned businesses, otherwise known as disadvantaged business enterprises, or DBEs.”

Connecticut Ranks #6 in USA in Energy Efficiency, Continuing Top Ten Streak

Connecticut ranks as the #6 state in the nation in energy efficiency, according to an analysis by the American Council for an Energy-Efficient Economy (ACEEE).  A new report by the Council found that Massachusetts continues to edge out California as the most energy-efficient state in the nation for the fourth year in a row.  Connecticut has been a steady top-ten state since the annual survey began eight years ago, but dropped one slot this year. Rounding out the top 10 are Rhode Island  (the state’s first time in top five), Oregon, and Vermont (all tied for #3); Connecticut (#6); New York (#7); Washington (#8); Maryland (#9); and Minnesota (#10).

Arkansas, the District of Columbia, Kentucky, and Wisconsin are the four most improved energy-efficiency states for 2014. Indiana and Ohio fell the furthest in the rankings due to decisions by legislators in both states to roll back energy savings targets.  They were among 23 states that dropped in the state-by-state rankings.  At the bottom of the rankings, the five states most in need of improvement on energy efficiency in 2014 are North Dakota, Wyoming, South Dakota, Mississippi, and Alaska.

Overall, states are ramping up their commitments to energy efficiency, the report indicated, as governors and lawmakers in state capitals across the nation continue to take major steps to lower energy costs, reduce pollution, and save consumers money by increasing their states’ energy efficiency.  Sixteen states rose in the rankings this year, in the 8th annual edition of the State Energy Efficiency Scorecard.

Connecticut was ranked fifth a year ago, and sixth the previous year.  In 2011, the state ranked #9 and in 2010, ranked #8.  State officials noted that Connecticut continues to be a leader in the nation, and the strong ranking is likely to improve in the coming year as increased funding for energy efficiency programs, not fully reflected in this year's survey, have an impact. Also noted was the state's decision to invest in infrastructure, such as charging stations throughout the state for vehicles, which was not an area of focus for the report but will be beneficial for Connecticut consumers.

The State Energy Efficiency Scorecard benchmarks states across six policy areas – utility policies and programs, transportation initiatives, building energy codes, combined heat and power development, state government-led initiatives, and state-level appliance standards. In total, states are scored on more than 30 individual metrics. Data is collected from publicly available sources and vetted by state energy offices and public utility commissions, according to the Council.  The 2014 report found that nationwide, total budgets for electricity efficiency programs in 2013 reached $6.3 billion. Adding that to natural gas program budgets of $1.4 billion, total efficiency program budgets were estimated to be more than $7.7 billion in 2013.

The leading states in utility-sector energy efficiency programs and policies were Rhode Island, Massachusetts, and Vermont, and the leading state in building energy codes and compliance was California. California and New York led the way in energy-efficient transportation policies.

Maggie Molina, director of ACEEE’s Utilities, State, and Local Policy program, said: “Smart energy efficiency choices maintain the same comfort, convenience, and quality of life that consumers want and expect. Energy efficiency is also good for business. State action on energy efficiency improves bottom lines, drives investment across all sectors of the economy, creates jobs, and offsets the environmental harms created by the energy production system.”

The American Council for an Energy-Efficient Economy acts as a catalyst to advance energy efficiency policies, programs, technologies, investments, and behaviors.

Innovation and Impact of Manufacturing Companies in CT Is Focus of New CPTV Documentary

With Election Day less than two weeks away amid intensifying discussion of job growth in Connecticut, CPTV zeroes in on modern manufacturing and the role of innovation in companies. The CPTV Original documentary Made in Connecticut premieres Thursday, Oct. 23 at 8 p.m. on CPTV. Twelve businesses that exemplify the diversity of successful manufacturing “located and thriving right here in Connecticut” are featured in the program.

The documentary is part of a three-year, multi-platform initiative by Connecticut Public Broadcasting that celebrates Connecticut’s manufacturing future, from high-tech to hand-made.  The initiative includes additional special programming airing on CPTV and WNPR/Connecticut Public Radio.

Against the backdrop of such timely issues as outsourcing and a global economy, the Made in Connecticut documentary explores topics including:

• the value that manufacturing provides to the state’s economy;
• how the manufacturing sector is contributing to the creation of jobs in Connecticut;
• how advances in technology have changed the nature of manufacturing and the skills needed to work successfully in the manufacturing environment; and
• how science, technology and innovation are transforming manufacturing endeavors around the world, the nation and the state.

Featured in the documentary are:

• Barnes Group headquartered  in Bristol, which started as a spring company in 1857 to supply the clock industry and has now exploded into a global leader in industrial and aerospace manufacturing;
• Curtis Packaging in Sandy Hook, a nearly 170-year-old family-owned company that has reinvented itself as a world leader in luxury packaging and environmental stewardship;
• Ola! Granola in Norwalk, where a mother of three produces hand-made granola in mouth-watering flavors such as vanilla almond, cranberry orange pecan and chocolate banana-chip;
• Oxford Performance Materials in South Windsor, a plastics company on the edge of science fiction-like technology, using 3-D printing to create cranial implants for people who have suffered traumatic brain injury;
• Pratt &Whitney in East Hartford, the industry leader in aerospace, creating breakthrough technology with its PurePower jet engine that will revolutionize air travel;
• Protein Sciences in Meriden, which has a game-changing flu vaccine that takes just weeks to mass produce to fight pandemics worldwide;
• Severance Foods in Hartford, a snack food company founded by three friends who invested in a tortilla-making machine in the 1980s, and now employs more than 85 people to produce 40,000 pounds of tortilla chips a day;
• Tucci Lumber, which makes baseball bats in South Norwalk and was founded by a former Major leaguer.

Connecticut’s unemployment rate dropped to 6.4 percent last month as nonfarm jobs reached a new recovery high point. The unemployment rate last month was the lowest it has been in the state since November 2008, according to a state Department of Labor report.  The employment gain of 11,500 jobs in September is the largest since April 1994, the seventh monthly nonfarm employment gain this year and a "vigorous bounce-back" from the revised decline of 1,200 jobs in August, the Department of Labor said.  As the state takes proactive steps to ensure people are trained for manufacturing jobs, employment numbers are simultaneously rising. In the most recent data, manufacturing jobs increased from 163,500 last year to 164,100 this year, Fairfield County Business Journal reported.  The manufacturing industry plays a crucial role throughout Connecticut communities, U.S. Sen. Chris Murphy's office pointed out recently, noting that Connecticut’s 4,602 manufacturers account for 10.2% of the state’s jobs and 87% of the state’s total exports.

To prepare future workers, Manchester Community College will lead the state's 12 community colleges and Charter Oak State College in a federally funded effort to expand manufacturing education in the state as part of a $15 million grant from the U.S. Department of Labor, announced this month.  The grant  will support an expansion of the Connecticut Advanced Manufacturing Initiative, which trains students for jobs in the field. The grant will pay for equipment to provide hands-on training, new teachers and educational assistants and the development of registered apprenticeship programs for high-demand manufacturing occupations, among other investments.

“In recent years, technological advances, as well as human innovation and creativity, have put Connecticut on the forefront of a manufacturing revolution. This revolution is not only exciting, it’s important to the local economy, as it’s helping to create jobs. Manufacturing has always been an important part of Connecticut’s culture and economy,” said Jerry Franklin, President and CEO of CPBN, who is to be honored next week by Hartford Business Journal with the publication’s Lifetime Achievement Award for his leadership in the broadcast industry.

The documentary Made in Connecticut is produced and hosted by Emmy Award-winning journalist Christina DeFranco. Funding was made possible by Founding Sponsor, KBE Building Corporation. KBE Building Corporation is a full-service, single-source commercial construction company strategically positioned to serve the Eastern and Mid-Atlantic, with offices in Connecticut and Maryland.

“We’re passionate about fostering innovation in Connecticut’s manufacturing and technology spaces, and we just happen to have built more technical high schools around the state than anyone else.  We’re thrilled to shine light on this critical aspect of the state’s current and future economy,” said Mike Kolakowski, KBE Building Corporation’s President and Principal Owner.

See preview on You Tube.   

Connecticut Residents Economic Confidence Exceeds National Average

Connecticut ranks tied for 8^th among the states in an “economic confidence” index compiled by Gallup Analytics, with residents more optimistic about the nation’s economy than the national average. According to the survey data, no state's residents have a positive outlook when it comes to “economic confidence.”  The states whose residents are the least negative are Massachusetts (-1 in the index), Minnesota (-2), California (-5) and Texas (-8).  The national average is -16 on the Gallup index.

Rounding out the top ten in economic confidence are the states of Nebraska, Maryland and Iowa, tied at -9, and the states of Wisconsin, Washington, North Dakota, and Connecticut, tied for 8^th at -10.

The Gallup data was compiled in 2013. Gallup's Economic Confidence Index is based on the combined responses to two questions, the first asking Americans to rate economic conditions in the country, and second, whether they think economic conditions in the country as a whole are getting better or getting worse.

At the bottom of the list, with the least economic confidence among residents, were West Virginia (-44), Alaska (-32), Wyoming (-29), Kentucky (-28), Arkansas (-27) and Idaho (-27).

Connecticut residents had stronger economic confidence than other states’ residents in the region, with the exception of Massachusetts.  New York (-11), New Jersey (-13), Rhode Island (-12), Vermont (-18), New Hampshire (-14) and Maine (-22) residents had less positive attitudes toward the nation's economy.

The Gallup Index is computed by adding the percentage of Americans rating current economic conditions (("excellent" + "good") minus "poor") to the percentage saying the economy is ("getting better" minus "getting worse"), and then dividing that sum by 2.

Unlike the 50 states, Washington, D.C. reflected economic confidence in the positive range, at 19.

The Index has a theoretical maximum value of +100 and a theoretical minimum value of -100. Values above zero indicate that more Americans have a positive than a negative view of the economy; values below zero indicate net-negative views, and zero indicates that positive and negative views are equal.

Gallup's most recent economic confidence index for the entire nation was slightly improved from a year ago, now at -12.  A breakdown by states was not available.

CT's Captive Insurance Program Ranks #2 in US

The Connecticut Insurance Department’s Captive Insurance Program has been ranked the #2 program in the nation by an industry trade publication in only its third year of operations.   A captive insurer is an insurance company that is organized and owned by a parent firm or association to manage the owners’ risk and control costs. Captive insurance has become an increasingly important tool used by companies to manage their business risk and promote strategic initiatives.  Captives are best described as a form of self-insurance, but with all the advantages of traditional insurance. Once an alternative to the commercial insurance market, captives have evolved into strategic financial vehicles used for many different enterprises, such as manufacturing and health care, officials explain.

Earlier this fall, the Connecticut Captive Insurance Association, along with the state Insurance Department and prominent industry sponsors, held the 2014 Symposium on Captive Insurance in Stamford.  The conference, “Captives Done Right:  Revolutionary Strategies for Optimizing Capital,” included sessions on risk mitigation strategies, corporate governance, risk retention and healthcare captives.  Participants included the chief financial officer of Frontier Communications, director of finance of the Archdiocese of Hartford, Chief Scientist Emeritus at Pitney Bowes, Senior Legal Counsel at Swiss Re America Holdings, and president & CEO of JANUS Associates.

According to the symposium’s website, the advantages of captive insurance include the opportunity to earn an underwriting profit, improved risk management and loss control, coverage for unusual or hard to place risks, direct access to reinsurance, and potential tax savings.

One of 37 states and U.S. territories that allow captives, Connecticut was ranked the second leading domicile by Captive Review, behind Vermont, in the magazine’s U.S. Captive Service Awards announced this week.  The annual awards recognize captive industry professionals who have demonstrated the highest levels of excellence over the past year.With 5,660 companies registered in captive domiciles across the world, according to the publication, the captive insurance sector remains a vital alternative risk transfer (ART) option and a significant part of the insurance sector.  Delaware was top-ranked a year ago.

Connecticut currently has four licensed captive insurers and several more applications pending.

“Connecticut is taking a unique approach to the captive market,” said Connecticut Insurance Department Captive Unit Manager John Thomson. “We are working beyond a pure regulatory regime and are focusing on helping captive owners create sustainable risk financing vehicles. It is not about the number of licensed captives but about an informed professional regulatory response.”

CT’s 40 Fastest Growing Tech Companies Achieve Statewide Recognition

Connecticut’s fasted growing technology companies will be the center of attention Thursday evening as the Connecticut Technology Council (CTC) and Marcum LLP spotlight the 2014 Marcum Tech Top 40. Now in its 7^th year, the annual list features privately and publicly held companies, including some newcomers to the top 40. The 2014 winners are predominantly privately held companies, but 12 public companies also made the list, including Rogers Corporation, Gartner Inc. and Alexion Pharmaceuticals. That’s a slight drop from a year ago, when 14 public companies made the list.

Geographically, Fairfield County is home to 16 winning companies this year, followed by Hartford County and New Haven County, both with ten companies. For Fairfield and New Haven counties, the count increased by two businesses from a year ago; for Hartford County, the number was unchanged from last year. 

The selected companies have at least $3 million in annual revenue and a demonstrated record of growth in each of the preceding four years.  Four of the businesses have over $1 billion in revenue.

The Marcum Tech Top 40 recognizes technology leaders in six industry sectors, including Advanced Manufacturing, Energy/Environmental, Life Sciences, New Media/Internet/Telecom, IT Services, and Software. This year’s winners range from newcomer VRSim, Inc., a creator of virtual reality training tools for industrial and manufacturing applications, to Priceline.com, a leader in mobile travel.

Bruce Carlson, CTC’s President and CEO added, “Connecticut is proud of its remarkable heritage of innovation and invention. Job growth in Connecticut is going to come from the technology sector and these Tech Top 40 companies are a great example of the range of technology companies that are growing substantially in Connecticut.”

Among the names on this year’s list:  Frontier Communications, based in Stamford, providing communications services to residential and business customers across the country (in the news this year for the proposed purchase of AT&T’s business in Connecticut); and Bolt Technology Corporation, based in Norwalk, the leading worldwide developer and manufacturer of seismic energy sources, synchronizers and underwater connectors used in offshore seismic exploration for oil and gas; and Fitlinxx, based in Shelton,  an industry leading provider of wellness applications, wireless activity monitors, and health tracking devices that motivate people to live active and healthy lifestyles.

The city with the largest number of companies on the Top 40 list this year is Stamford, with six, followed by Norwalk with four, Shelton with three, and Wallingford, South Windsor, Simsbury and New Haven, each with two businesses on the list.  Other towns with a top 40 high tech business are Torrington, Danbury, West Hartford, Cheshire, Guilford, Greenwich, Plainville, Middlebury, New London, Killingly, Middletown, Fairfield, Madison, Branford, Farmington, Glastonbury, Windsor, Orange and East Hartford.

“Technology companies have a set of shared challenges that range from capital-raising and complex revenue reporting to intellectual property management and international expansion.  Whether they are private enterprises or Fortune 500 companies, this year’s Marcum Tech Top 40 winners all demonstrate management excellence and market foresight,” said Alex Discepolo, a Tax Partner in Marcum’s New Haven office and Practice Leader of the Firm’s High Technology Services Group.

The October 2 awards program, being held at the Oakdale Theater in Wallingford, will include an exhibition featuring the Marcum Tech Top 40 companies. Six category winners will be announced, and one company will be named overall winner for demonstrating the greatest percentage growth in revenue across all the technology verticals.

The Connecticut Technology Council is a statewide association of technology oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies. Speaking for 2,500 companies that employ some 200,000 residents, the Connecticut Technology Council seeks to provide a strong and urgent voice in support of the creation of a culture of innovation.

 The Tech Top 40:

Advanced Manufacturing

• APS Technology Inc – Wallingford
• Bolt Technology Corporation – Norwalk
• Dymax Corporation – Torrington
• Revolution Lighting Technologies Inc. – Stamford
• Rogers Corporation – Rogers 

Energy/Environmental/Green Technology

• FuelCell Energy, Inc – Danbury
• Proton OnSite – Wallingford

 IT Services

• Cervalis LLC – Shelton
• Datto Inc. – Norwalk
• Gartner Inc. – Stamford
• Information Services Group Inc. – Stamford
• IT direct, LLC. – West Hartford
• VLink Inc. – South Windsor

Life Sciences

• Alexion Pharmaceuticals, Inc. – Cheshire
• Bio-Med Devices, Inc. – Guilford
• Metrum Research Group LLC. – Tariffville

 New Media/Internet/Telecom

• Chief Executive Group – Greenwich
• EasySeat, LLC – Plainville
• Frontier Communications – Stamford
• HealthPlanOne LLC – Shelton
• iSend, LLC – Middlebury
• Job Target, LLC – New London
• M2 Media Group – Stamford
• Priceline.com, Inc. – Norwalk
• Reality Interactive, LLC. – Middletown
• TVEyes Inc. – Fairfield

Software

• Clarity Software Solutions, Inc. – Madison
• Core Informatics, LLC – Branford
• Evariant, Inc. – Farmington
• Evolution1, Inc. – Simsbury
• Fitlinxx, Inc. – Shelton
• Higher One, Inc. – New Haven
• KenCast, Inc. – Norwalk
• Link Systems Inc. – Stamford
• Shoptech Corporation – Glastonbury
• Square 9 Softworks Inc. – New Haven
• SS&C Technologies Holdings Inc. – Windsor
• Tangoe Inc. – Orange
• TicketNetwork - South Windsor
• VRSim, Inc. – East Hartford

CT’s Unemployment Rate Drop During Past Year Ranks #17 in U.S.

Between August 2013 and August 2014, Connecticut’s unemployment rate dropped 1.2 percent, ranking the state #17 in the U.S. in the percentage reduction in unemployment during the year-long period.  The data, compiled by the U.S. Bureau of Labor Statistics (BLS), indicated that Connecticut’s unemployment rate, seasonally adjusted, dropped from 7.8 percent to 6.6 percent. Connecticut’s top 20 finish among the states outpaced the New England states of Maine, New Hampshire and Vermont, but was slightly behind Rhode Island and Massachusetts, as well as New York and New Jersey.

The largest reductions in unemployment during the 12-month period came in Illinois (2.5 percent decrease), Nevada (2.2 percent), Rhode Island (1.9 percent), Ohio (18 percent) Colorado and Indiana (1.7 percent), Michigan and Pennsylvania (1.6 percent).  Also faring slightly better than Connecticut in reducing their state unemployment rate over the year were California, Idaho, New Hersey, Arkansas, Massachusetts, Washington, Kentucky and New York.  North Carolina was tied with Connecticut.

In 45 states and the District of Columbia, the unemployment rate dropped between August 2013 and August 2014.  In three states, the unemployment rate climbed during the year – Alabama, West Virginia and Alaska - and in two states, the rate remained unchanged – Virginia and Wyoming.

Connecticut was also one of 27 states deemed to have "statistically significant" changes in their unemployment rate, according to the federal agency.  The BLS data was updated as of September 19, 2014 for the 12-month period, and subsequently made available on the agency's website.

Among Connecticut's neighboring states in the region, according to the data, the unemployment rate as of August 2014 is higher in Rhode Island (7.7 percent), the same as Connecticut in New Jersey (6.6 percent), and lower in New York (6.4 percent),  Massachusetts (5.8 percent), Maine (5.6 percent), New Hampshire (4.4 percent) and Vermont (4.1 percent).

The Bureau of Labor Statistics of the U.S. Department of Labor is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy. Its mission is to collect, analyze, and disseminate essential economic information to support public and private decision-making. As an independent statistical agency, BLS serves its diverse user communities by providing products and services that are objective, timely, accurate, and relevant, the agency's website explains.

As CT Workforce Ages, Employers Look to Attract Young Workers, Seek State Policy Support

The good news:  three times as many Connecticut businesses say they are growing rather than contracting, innovation and investment in technology is strong and three-quarters of manufacturers surveyed say they are exporting. Those are among the lead findings in a survey of Connecticut businesses conducted by BlumShapiro and the Connecticut Business and Industry Association. While the 2014 Survey of Connecticut Businesses shows optimism that Connecticut’s business landscape continues to improve, there remain concerns about the economy and the ability to create jobs in Connecticut, as well as signs that the state’s workforce continues to get older. In fact, one in four respondents are facing a wave of retirements over the next decade, with at least 40% of their workforce aged 55 or older.

“Connecticut’s workforce is aging, with 53% of our respondents reporting that 20% or more of their workforce is 55 or above. There is much to be optimistic about in this survey, but the aging workforce is certainly a challenge we continue to face,” pointed out Joseph Kask, Office Managing Partner of BlumShapiro’s West Hartford office.

While 38% of companies offer flexible work hours, only 8% offer telecommuting. One in four respondents also has specific practices or policies designed to attract and retain younger workers, including internships, tuition reimbursement, high entry-level wages, apprenticeships, and school/college recruitment programs.  Many companies employ apprentices (34%), interns (57%), and temps (58%), and eight in ten companies (79%) plan to hire these workers for permanent positions.

The survey shows slightly greater anticipated demand for mid-level employees than entry level or line workers. Among businesses of all types, workforce demand through 2015 is concentrated on mid-level employees (33% of companies say this is their area of greatest demand) followed by entry-level employees (29%), line workers (28%), managers (8%), and executive leadership (2%).Other highlights of this year’s survey include:

• 35% of businesses surveyed indicate they are growing; 11% indicate they are contracting.
• 46% of businesses surveyed introduced new products or services in the past 12 months; 47% of them plan on introducing new products or services in the next 12 months.
• Three-quarters of manufacturers surveyed are exporting.
• 52% of businesses surveyed say the most important step policymakers can take to enhance business in Connecticut is lowering taxes; 24% say it is reducing regulations, and 11% say it is cutting government regulations.
• 27% of businesses surveyed say technology is the greatest single investment, 23% say it is employee training, and 23% say it is property and facilities.

 When asked how Connecticut should address the shortage of skilled workers, 32% of businesses surveyed say the state should reduce the cost of living, 28% say the state should support trade schools, 20% say the state should support education overall, and 20% say there should be incentive for training programs.

The industries included in the survey include manufacturing, professional services, construction, retail, hospitality/tourism, wholesale, insurance, finance, real estate and software/technology.  Nearly one-third of the respondents were in the manufacturing sector.

CBIA is Connecticut’s leading business organization, with 10,000 member companies.  BlumShapiro is the largest regional accounting, tax and business consulting firm based in New England, with Connecticut offices in West Hartford and Shelton.

Connecticut Volunteers Pursue National Service; AmeriCorps to Celebrate 20th Anniversary

More than 3,700 people of all ages and backgrounds are helping to meet local needs, strengthen communities, and increase civic engagement through national service in Connecticut, according to data compiled by the Corporation for National & Community Service. Serving at more than 600 locations throughout the state, these citizens tutor and mentor children, support veterans and military families, provide health services, restore the environment, respond to disasters, increase economic opportunity, and recruit and manage volunteers.

During this past fiscal year, the Corporation for National and Community Service (CNCS) committed more than $9,390,000 to support Connecticut communities through national service initiatives. Through a unique public-private partnership, this federal investment leveraged an additional $2,720,000 in other resources to strengthen community impact, build local support, and increase return on taxpayer dollars.

Most AmeriCorps grant funding goes to the Connecticut Commission on Community Service within the state Office of Higher Education, which in turn awards grants to nonprofit groups to respond to local needs. AmeriCorps expected to provide more than 900 individuals the opportunity to provide intensive, results-driven service to meet education, environmental, health, economic, and other pressing needs in communities across Connecticut.

Nationally, AmeriCorps celebrates its 20^th anniversary this month.  President Obama is scheduled to participate in a ceremony with AmeriCorps members at the White House on September 12 as part of a nationwide event marking the 20th anniversary of the AmeriCorps national service program.

The Connecticut Commission on Community Service administers programs under the National and Community Service Trust Act of 1993. The Commission is dedicated to supporting service and civic engagement to strengthen communities throughout Connecticut. In partnership with the Office of Higher Education, the Commission funds and supports programs that encourage all Connecticut residents to volunteer.  The Commission’s next meeting is scheduled for October 7.

Other individuals – in Connecticut and nationwide - serve their fellow citizens through AmeriCorps VISTA, whose members help bring individuals and communities out of poverty by serving full-time to fight illiteracy, improve health services, create businesses, and increase housing opportunities, and AmeriCorps NCCC (National Civilian Community Corps), a 10-month, full time residential program for men and women between the ages of 18 and 24. In exchange for their service, AmeriCorps members earn an education award that can be used to pay for college or to pay back qualified student loans.

In addition to the AmeriCorps participants, more than 2,800 seniors in Connecticut contribute their time and talents in one of three Senior Corps programs.

• Foster Grandparents serve one-on-one as tutors and mentors to more than 1,000 young people who have special needs.
• Senior Companions help more than 270 homebound seniors and other adults maintain independence in their own homes.
• RSVP volunteers conduct safety patrols, renovate homes, protect the environment, tutor and mentor youth, respond to natural disasters, and provide other services through more than 230 groups across Connecticut.

The Corporation for National and Community Service is a federal agency that improves lives, strengthens communities, and fosters civic engagement through service and volunteering. Members of the Connecticut Commission on Community Service are appointed by the Governor and serve three-year terms. Commission members represent various areas of expertise as required by the National and Community Service Trust Act.

AmeriCorps video