Skip to comments.Survey finds manufacturing thriving in Connecticut; other businesses struggle more
Posted on 09/10/2012 1:26:30 PM PDT by matt04
Two percent of Connecticut businesses are very optimistic about their economic recovery, and 15 percent still consider the state to be an ideal place to do business, according to a 2012 survey of businesses in the state.
And it was a good year for manufacturers, with nearly two-thirds of those surveyed reporting a net profit in 2011, and 66 percent saying they expect to this year.
The 2012 Survey of Connecticut Businesses, by the Connecticut Business & Industry Association and BlumShapiro, an accounting and business consulting firm, was released Friday morning at a conference at the Rocky Hill Sheraton on the Connecticut economy.
The report, in general, said companies are being cautious about their profitability, and it pointed to continued slow growth in most sectors.
The survey also found that hiring was up, with 43 percent of respondents either hiring or planning to hire new full-time workers in 2012. And 55 percent of companies in the manufacturing sector reported plans to hire.
Meanwhile, the U.S. Labor Department reported Friday that although the economy added 96,000 jobs in August, the unemployment rate also dropped because people stopped job-hunting.
(Excerpt) Read more at ctmirror.org ...
What is the phrase Rush uses when the media actually reports factual news?
Yeah. I’ll bet I know what manufacturers are doing well in CT: Gun makers.
A “random act of journalism”.
The only reason that manufacturers are doing well in ct is because they are using mostly illegal labor paying just above minimum wage.
“Yeah. Ill bet I know what manufacturers are doing well in CT: Gun makers.”
Darn it. You beat me to it. I wanted to be the first one to make that connection. :-(
I believe the colt 45 is made in Ct.
15% thinks it is an ideal place to do business?? Compared to what?? Cuba or North Korea>???
I do miss CT, but if I was going to set up a business, I would go to a state where it is a RIGHT TO WORK STATE, low business taxes, low cost for energy (Florida is not that!!) and a place where it is conservative politically. (Some of CT is that...the towns of Somers, Stafford and Ellington)
Despite this, Connecticut still has a long way to go to create a business climate that fosters economic success, said Thomas DeVitto, Chief Marketing Officer for BlumShapiro, who shared the report's findings.
CT Voters, you can start in November, by electing tea party people!!
In Connecticut, the manufacturing industry also reported difficulty in finding qualified workers -- a problem, said CBIA President John Rathgeber, the state is working to address.
I guess CT need SKILLED ILLEGAL Aliens!! /s
I think there’s enough to go around for everyone to name a favorite. Why on earth do they want to stay there is beyond me.