Connecticut saw a 1,600 decrease in “nonfarm industry” positions in December, while November private sector gains (3,300) were revised down to only 300, according to the latest report issued by the state Department of Labor […]
Economy
The Department of Economic and Community Development, which awards low-interest, forgivable loans and tax credits to businesses, has been all too forgiving and generous, according to a new audit. Loans and tax credits made to […]
A bill granting up to 30 years of property and sales tax exemptions for data centers in Connecticut passed in the House of Representatives 133-13 under an emergency certification. Although the legislation has been in […]
A bill that would award a massive tax break to data centers is being fast-tracked through the Finance, Revenue and Bonding Committee and will receive emergency certification for a vote in the House of Representatives […]
Gov. Ned Lamont labeled his proposed budget “Connecticut’s Comeback” and that may be true in regard to Connecticut surviving the fiscal impact of the pandemic better than expected, but, according to the governor’s economic report, […]
In a break from the progressive wing of their party, the Moderate Democratic Caucus issued a statement rejecting calls for increasing Connecticut’s tax rates, a statewide property tax and a proposal to break the state’s […]
The Connecticut Restaurant Association estimates that as many as 600 restaurants have closed permanently as a result of the COVID-19 pandemic and subsequent business restrictions but another wave of closures in the leisure and hospitality […]
Republicans from the House of Representatives held a press conference today outlining a plan for the state to provide relief for bars and restaurants that remain either closed or under strict capacity guidelines due to […]
Connecticut continued its nearly eight-year streak of losing more residents to other states in 2019, as the state saw a net loss of more than 22,000 residents, the fifth highest number of outmigrants in the […]
Waterbury had one of the highest increases in the percentage of residents renting apartments in the country, while Hartford, on the other hand, saw one of the highest increases in homeownership over the last ten […]
