General Electric’s announced departure has occasioned much bemoaning regarding our state’s asserted business unfriendliness, especially to technologically driven businesses. However, evidence shows that, to a remarkable extent, Connecticut is actually a leader in high-tech business.
This encouraging reality is reflected in a number of significant statistics. From data compiled by researchers working for Eversource and published in the 2015 Connecticut Economic Review: U.S. Census Bureau data show Connecticut to be the third-ranked state nationally in share of residents with master’s, doctorate, or professional degrees and fifth ranked for numbers of those holding science and engineering doctorates per 100,000 workers in the workforce; in fact, Connecticut’s percentage is almost 50% higher than the national average. Connecticut also ranks fourth highest among the states in productivity per person and fifth in private research-and-development investment per capita — more than twice the national average.