Yankee Institute is grateful to Gov. Ned Lamont and his team for their work, thus far, in trying to mitigate the economic damage being wrought on Connecticut during this time of crisis and for their response to the threat posed by the COVID-19 virus. The collapse of the financial markets ...
A new study from the Virginia-based Institute for Justice estimates Connecticut’s occupational licensing laws are costing the state 48,000 jobs.
If legislation to construct a third casino in East Windsor passes, a blackjack dealer will have to pay more to the state for a gaming license than the developers of the estimated $300 million resort.
Connecticut has too much red tape, and this year lawmakers from both parties are taking action to cut it. Unemployment for people ages 25 to 34 in Connecticut is abysmal, one of the 10 worst states and in close competition with Mississippi. This depressing statistic should motivate reform, especially the need to cut red tape for people starting their careers.
Many important bills are making their way through the state legislature and several have been passed out of committee. Some of them are good, others bad. These proposed bills will have a big impact on the people of Connecticut, so we have listed some of them below with an update on what they do and what it could mean for Connecticut.
In recent years, Connecticut has not been friendly to business or entrepreneurship, particularly start-up activity. In fact, in a new survey of small businesses conducted by the Connecticut Business & Industry Association, more than nine in 10 small businesses indicated that public policy did not “facilitate the efforts of small businesses in the state.” Given this climate, it is no wonder the state does so poorly in 50-state rankings.