Are short term rentals (STRs), better known by their popular brand names such as Airbnb, good news for municipalities or asking for trouble? A new report by the Southeastern Connecticut Council of Governments seeks to air some of the pros and cons, as the number of stays (and income to hosts) continue to grow rapidly.
Read MoreNew Englanders are flying more often to more destinations, and indications are that the trend will continue. Published reports suggest that the region’s largest airport, Logan in Boston, is on track to becoming one of the 10 busiest airports in the United States by 2022. That’s good news for the region’s second largest, Connecticut’s Bradley International.
Read MoreThe Travelers Championship has announced that the 2019 tournament generated more than $2.1 million for 150 local charities, including this year’s primary beneficiary, The Hole in the Wall Gang Camp. The impact of the tournament, one of the most highly regarded on the PGA Tour, reverberates throughout the state.
Read MoreState and veterans officials are highlighting three new laws taking effect on October 1 that are designed to support Connecticut veterans. All three - on job training programs, expanding eligibility for veterans to receive certain services, and on property tax relief - were approved unanimously by the state legislature this year.
Read MorePredictions that the economic sky will soon be falling continue to abound in Connecticut and nationally, but a new hiring outlook suggests that the remainder of this year will bring a continued positive job market, in the state and nationwide.
Read MoreProfessional soccer’s return to Hartford may be only months old, but the city is already gaining notice. A new national survey ranked Hartford as 8th best in the nation for soccer fans, among midsize cities hosting soccer franchises or with college soccer teams.
Read More‘Best Practices in Land Use and Economic Development’ by municipalities in Connecticut will soon be able to earn recognition through a new industry certification program aimed at highlighting outstanding practices, coordinated by the Connecticut Economic Development Association (CEDAS).
Read MoreA new report on Connecticut community college graduates finds that shortly after leaving college, many graduates are employed in industries such as retail and food service, but within months many move to other industries for employment, led by manufacturing and health care. The analysis also found that average wages rise significantly in the years following graduation.
Read MoreIllinois 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.”
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