Numbers released by the U.S. Census Bureau show that Connecticut’s population has declined for the third year in a row. According to its Annual Estimates of the Resident Population for the United States and Puerto Rico, Connecticut has had a net loss of 19,581 residents since the state peaked in 2013.
The top franchises in Connecticut are almost all in the field of elderly services, according to BizQuest, a business brokerage website that lists franchise opportunities for potential business owners. BizQuest’s June 10 newsletter the “Top 5 Franchises in Connecticut” listed four businesses that deal directly with care for seniors and the elderly. The growth of these businesses in the state reflects an aging population.
Bledar Iljazi came to the United States as a child in 1986 when his family decided they could no longer live under the government of the Socialist Republic of Macedonia. Now the entire family - twelve members across three generations - is fleeing Connecticut and pursuing a better life in South Carolina. “The way everything was ten years ago - the economy and taxes - it wasn’t as bad, but right now for small businesses we’re getting hit with taxes left and right. They’re pretty much just making them up,” Bledar said.
Connecticut is losing better-paying jobs and replacing them with low-paying jobs, according to a study released by the Commission on Economic Competitiveness. The commission had previously attempted to keep the document secret by discussing it in a closed-door executive session, prompting a Yankee Institute complaint to the Freedom of Information Commission.