Illinois became the 11th state in the nation to legalize recreational cannabis this week, as the issue continues to face an uncertain future in Connecticut, with the state’s business community among those raising questions that slowed progress to the point of inaction in the just-concluded legislative session.
Read MoreThe full page paid advertisement appearing this month in a Hartford business publication did not tout the virtues of a Connecticut business or community, nonprofit organization or coalition. It stated, boldly, that “North Carolina is home to the lowest corporate income tax in the country.”
Read MoreConnecticut’s economic dependence on the defense industry is evident not only across the industry, but at the state’s flagship university. In recent months, the University of Connecticut has been re-designated as a National Security Agency/Department of Homeland Security Center of Academic Excellence in Cyber Defense Research and landed a four-year, $5.4 million contract with the Air Force
Read MoreA recent study on economic impact of Connecticut-based health plans indicates they have a significant influence on the state’s economic health. The health plans – all household names in Connecticut – provide $15 billion a year in positive economic output, according to a study by the Connecticut Economic Resource Center (CERC).
Read MoreThis will come as no surprise to residents and business owners in Connecticut: the state’s electric rates are among the highest in the nation. Higher than last year.
Read MoreIt turns out that with a concerted effort, green can be a more consequential color than black and white, at least in Connecticut. Newly released data indicates that the state is bucking a national trend of disparity when it comes to solar adoption among communities of color, according to the Connecticut Green Bank.
Read MoreThe population change in the New Haven region’s municipalities (between 2010 and 2016) was negligible - an increase of 0.14%. The largest population losses during the six-year period were in Meriden (-665) and West Haven (-592) while the largest increases were in Milford (+671), New Haven (+626) and Hamden (+516). A draft economic development report, open for public comments through May 26, has the data.
Read MoreAttorney General William Tong has joined a bipartisan coalition of 38 states and territorial attorneys general urging Congress to pass the federal Secure and Fair Enforcement (SAFE) Banking Act or similar measures that would give legal marijuana-related businesses access to the federal banking system. Today, banks say no to marijuana-related businesses due to the ongoing conflict between state and federal law.
Read MoreThe best place in the nation to be for working mothers is New England, as Massachusetts, Rhode Island, Connecticut and Vermont took to top four rankings in a new analysis. Connecticut reached the top 10 in multiple categories.
Read MoreCommercial fishing, a mainstay of Connecticut commerce, is raising a cautionary voice – even as the state is doubling down on the potential benefits of wind power off the state’s shoreline, aimed at increasing energy efficiency and economic development. Don’t grow one renewable resource at the cost of another, they stress, as the legislature ponders action.
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