Connecticut falls one spot in CNBC rankings

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.

See the complete story at CT News Junkie.


5 responses to “Connecticut falls one spot in CNBC rankings”

  1. John Hamlin

    This should be our state politicians’ main priority or eventually there won’t by any money left for them to give away.

  2. John Hamlin

    This should be our state politicians’ main priority or eventually there won’t be any money left for them to give away.

  3. Casey Smith

    “…and the nation’s second-worst economy.”
    We’re #2 – We try harder?

  4. New Era

    I won’t be suprise if CT has fire over 2000 public works to get out of debt. this is getting like Puerto Rico and New Jersey. i think Tom Foley going to be Governor

  5. Suzanne

    “If Connecticut were a country, we would rank seventh in the world for productivity — even higher than the U.S. itself,” Malloy wrote. “Connecticut has a long and successful history as a manufacturing proving ground.” Our dear Governor Dannel Malloy
    I wonder how many people have seen manufactured goods upon which is the label “Made in Connecticut” lately? Upon what basis does this Governor believe that we are producing higher quality products through manufacturing? Where? Between off-shoring, down-sizing and moving to other locations, the great manufacturing machine is a Post WWII fantasy or maybe from the 19th Century.
    When will this Governor’s reality join with the 21st Century?

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