Businesses wary of 2020 as confidence in CT legislators drops to all-time low [View all]

Companies expect the national economy to grow over the next year, but not Connecticut’s.


Despite improving sales growth last year, eight out of 10 Connecticut companies say the business climate here is declining, according to the latest annual survey from the state’s chief business lobby.

The Connecticut Business and Industry Association also found 77% of businesses believe the state’s new paid Family and Medical Leave program will harm their companies and 53% say the rising minimum wage will do the same. Business confidence in state lawmakers plunged to an all-time low.

The CBIA presented the results to an audience of about 280 people gathered Friday at the Hartford Marriott for the association’s annual forum on the Connecticut economy.

“While Connecticut businesses are finding ways to survive and grow, their concerns for the future are clearly apparent in this survey,” Joseph F. Brennan, president and CEO of the CBIA, said Friday.

Read more: https://ctmirror.org/2019/09/06/businesses-wary-of-2020-as-confidence-in-ct-legislators-drops-to-all-time-low/