The City of Hartford’s Court of Common Council voted in March to create a task force to assess the possibility of a universal basic income pilot program for some of its residents. The task force…
Economy
Connecticut’s job growth in 2019 was dead last in the country and only 48th since 2010, according to Connecticut Department of Labor report released on election day. According to the Connecticut Economic Digest, “Idaho, Arizona,…
The Department of Economic and Community Development offers loans, grants and business tax credits to qualifying businesses under a variety of program intended to boost economic activity and jobs in the state. But according to…
On Thursday October 15, Yankee Institute held an online forum with four renowned economists who discussed the current and future state of both Connecticut's economy and the national economy in the wake of the COVID-19…
A large and sweeping labor bill sponsored by U.S. Rep. Rosa DeLauro would change how workers are classified as independent contractors, make shareholders liable for labor violations and requires employers be responsible for workers’ rights…
A new annual report from Truth in Accounting found Connecticut has $67 billion in bonded debt and unfunded retirement costs, making it the third most indebted state per taxpayer in the nation. The total debt,…
An updated report by the Federal Reserve on Friday says that 77 percent of 4,174 people surveyed said they were doing “okay” financially during the pandemic, an increase of 5 percent since the survey was…
With only a few months left in the year, it is almost certain that 2020 will mark the largest annual job loss in Connecticut’s history going back to 1960 due to the pandemic and, according…
Barron’s, the financial investor publication, conducted an overall “credit worthiness” scorecard for states and ranked Connecticut near the bottom of the pack, despite a hefty budget reserve fund. Connecticut currently has an A1 stable credit…
Connecticut’s economy is 81 percent of what it was in March before the shutdown of businesses due to the COVID-19 pandemic, according to a new “Back to Normal” index compiled by Moody’s Analytics and CNN…