For years, Connecticut’s economy has lagged behind that of many other states because our state is not an attractive place to do business. COVID-19 has exacerbated our problems significantly.
Our taxes are too high and regulations too numerous. And, today, many companies have plenty of choices as to where to locate and do business. That is why CT has lost many companies of all sizes including some larger ones (e.g. Aetna, Alexion, GE, among others) to neighboring and distant states. As of the latest reporting, the state unemployment is 10.3 percent.