As the federal Food and Drug Administration moves forward with plans to ban the sale of menthol cigarettes and flavored tobacco, Connecticut’s Finance, Revenue and Bonding Committee opted to give menthol cigarettes a pass while
Economy
Since 2011, Connecticut has bonded nearly $1.8 billion for economic development, but the effort has produced little effect on the state’s economy. During the seven year period from 2011 through 2017, Connecticut’s gross domestic product
Connecticut contains a mere 1 percent of the total national population across fifty states, but its metropolitan areas occupied three spots in 24/7 Wall Street’s list of cities residents are fleeing. The Hartford-Metro area took the
Connecticut ranked 43rd in the country in Wallethub’s annual ranking of Best and Worst States to Start a Business. The study measures business environment, access to resources, and business costs to determine which states are
Connecticut’s Housing Price Index saw the lowest growth in the nation between 2012 and 2017, according to a review of figures from the Federal Housing Finance Agency. Connecticut’s HPI grew 5.5 percent over the course
The Commission on Fiscal Stability and Economic Growth — composed of Connecticut CEOs and business owners — released their much-anticipated recommendations today at the Capitol, which included a combination of tax increases, tax cuts, tolls
Earlier this week, the Department of Economic and Community Development announced that Irish airline Aer Lingus would receive $4.5 million taxpayer dollars because the airline did not meet its revenue goal for flights out of
One can almost picture Gov. Malloy’s office last Wednesday when they got news Connecticut had actually made economic gains during the third quarter: A young staffer comes running down the hall waving a print-out in
Newly released data from the Internal Revenue Service shows a record loss of high-income tax filers and their families in 2015 following the state’s second largest tax increase. A total of $2.6 billion in adjusted
The personal income growth for Connecticut residents was the slowest in the nation since 2007, according to a report by Pew Charitable Trusts. Personal income in Connecticut for 2017 actually dipped .6 percent into the