Survey: Connecticut Businesses Not Very Optimistic

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A new survey from the Connecticut Business & Industry Association’s Foundation for Economic Growth & Opportunity, points to a degree of pessimism among the state’s businesses. According to the survey results, only 9% of respondents believe the state’s business climate is improving while 38% feel it is declining. Only 1% expect strong growth in Connecticut’s economy over the next twelve months and just 26% expect moderate growth. The high cost of doing business in the state seems to be the principal driver of the downbeat responses. Nevertheless, only 8% of respondents said that they were actively considering moving out of state. 

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