HARTFORD, Conn. – Connecticut is among the five worst states for business, according to CNBC’s latest rankings. The state fell from 45th to 46th place this year.
The cable network found that Connecticut has the fourth-highest cost of doing business, third-highest cost of living, and the nation’s second-worst economy.
“Unfortunately, these rankings reinforce the perception that Connecticut is not a good place to do business,” John Rathgeber, president and chief executive officer of the Connecticut Business & Industry Association, said in a press release.
“It’s critical that we address those areas that are hampering economic growth, particularly the high cost of doing business, taxes, government red tape, and our aging transportation infrastructure.”
The CBIA launched a campaign called CT 20X17 designed to move Connecticut into the top 20 state in the CNBC and other national rankings.