Connecticut Rated Among Worst States For Business By CEOs

May 6, 2012
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Some may wonder why this headline is in a Connecticut consumer website. Fair question.

My answer is that if the business climate – and that includes education – does not improve in Connecticut, we face serious problems as consumers, taxpayers, homeowners, workers and as families. Without good-paying jobs – from high tech manufacturing to biology – our children and our grandchildren will have to move where business expands or relocates.

And where will they end up moving to? How does visiting your family in Texas sound? That, according to Chief Executive’s eighth annual survey of CEO opinion of Best and Worst States in which to do business, Texas came in first.

And where will you NOT be going to? California, the worst, according to a poll of 650 business leaders.

“CEOs were asked to grade states in which they do business among a variety of areas, including tax and regulation, quality of workforce and living environment. The Lone Star State was given high marks foremost for its business-friendly tax and regulatory environment. But its workforce quality, second only to Utah’s, is also highly regarded,” said ChiefExecutive.net which includes all the states.

“Florida moved up from number three last year to number two. Last year, Florida Gov. Rick Scott penned a tongue-in-cheek letter to Texas Gov. Rick Perry, warning him that Florida is coming after the Lone Star State’s top ranking. Since Scott took office, his administration has enacted business tax and regulatory reforms that have contributed to the creation of more than 140,000 private sector jobs and an unemployment drop of 2.1 percentage points last year—one of the biggest decreases in the nation.”

So where is Connecticut, number 44 – same as last year – and our Bay State neighbor, 47, down two from last year.

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11 Responses to Connecticut Rated Among Worst States For Business By CEOs

  1. don on May 6, 2012 at 4:44 pm

    Dan’l has also made CT one of the worst states to Live in! Dan’l has taxed “everything”; while giving the lazy CT union employees a multi year reprieve from ANY layoffs (after he had intended to lay-off thousands).

    Out of CT soon..

    • Mary Ellen on May 7, 2012 at 5:12 am

      I am an ex state employee and I was anything but lazy. I took a civil service exam, passed it, and got a job with the state. Even though I could have worked at the same job in a private sector making much more money than the state offered, the health benefits and job security were more appealing to me. Don, you could have taken a civil service test and got a job with the state, but you didnt. Dont be blaming state workers while we are the ones holding CT together.

  2. ZHJ on May 6, 2012 at 8:49 pm

    Liquidated every thing, sold the house. bought a motor home, set up an LLC in MT that owns the motor home, NO SALES TAX, NO PROPERTY TAX. I left mid Feb.this year. Last 1 out turn out the lights, never mind, there will not be any monies left to pay the bill!

  3. regt on May 6, 2012 at 10:06 pm

    Why is it that whenever an article like this is published, the first people to get hammered are union employees? These are people who go to work every day. If they are lazy, where are their supervisors (usually non-union or management)? If the people under their supervision are not pulling their weight, why aren’t the highly paid supervisors doing something about it?

    In addition, the issue that NOBODY wants to address…what of the thousands in CT who have never worked a day in their lives, nor do they intend to? They frequently arrive here from other areas, make babies, and voilà, all their needs are taken care of: housing, food, medical, etc. And the biggest kicker of all, now, we even pay for their cell phones! Unbelievable! Let’s weed out these loafers before we attack men and women who show up for work day in and day out.

  4. please_no on May 7, 2012 at 2:46 pm

    Please do not legitimize this kind of reporting. This “survey” of “CEOs” falls well short of any attempt at representativeness or fairness. I am not saying CT may not need to improve the business climate, but we need better information than this. There is no indication of how they administered the survey. There is no indication of the how representative the sample is. There is no statistical analysis of the significance of differences among states. There are plenty of indicators that the survey is flawed and skewed (Louisiana has a better quality workforce than CT?). Please do not perpetuate this propaganda veiled as an objective survey.

  5. DirtyJobsGuy on May 7, 2012 at 2:59 pm

    I have a business in CT and we do business all over the USA and worldwide. In the US I agree wholeheartedly with the survey. California is the worst state to deal with (and CT is not far behind) while Texas is a pleasure. A lot of it is attitude. CA/CT/MA treat business as some kind of unpleasant activity that exists only to be taxed. Texas works hard to convey the impression that they want you to do business. This shows on how uncomplicated and easy their corporate tax system is and the tone of their public officials.

    So in CT our jobs as businesses is to fund state employes, public welfare clients and bureaucrats, while paying off union bosses and environmentalists. IF we succeed despite of this (someday) we will be castigated for not contributing our share.

    Yep a business friendly place.

  6. Alyssa on May 7, 2012 at 7:04 pm

    So true, George. I love Connecticut, but my eyes get opened when I see other options around the nation, particularly their high standard of living for the dollar. The cost of living here makes it hard to recruit employees. The State of CT has an initiative to retain college graduates, who are fleeing in search of better employment prospects. Fact.

  7. Edward Ayres on May 12, 2012 at 2:15 am

    Most CEO’s are just interested in finding cheapest place to do business and states like Texas are willing to gut education programs, allow companies to pollute, in order to attract companies there. Look at the numbers and you will see while areas like Austin, Texas has and educated workforce ready to work in hi tech, the greatest job growth in the rest of the state is coming from low wage jobs. The New York Metro Region and California may have a higher cost of doing business but there very good reasons for it. They are cultural and educational capitols of the world and very densely populated, and need more infrastructure spending, more police, fireman just to name a few, so higher taxes are required to keep it running. These other ares will find the same will happen to them as time goes on. As more companieses locate to Texas, and Souhern states, they will attract more people and the quality of life will decline because of it. These companies will abandon them for someplace cheaper as soon as they can save more money elsewhere. Ive been to Montana, where it’s very pretty, but there is nothing else to do. If you like to hunt, fish, and don’t mind driving 50 miles to get milk, you’ll love it. If you’re the the type that enjoys the culture of the Northeast, the arts, the intellectual muscle of the world’s finest universities, the ocean, beaches, finest restaurants, living elsewhere sounds appealing, but the reality is quite different. I love this area of the country, always have.

  8. drew on August 8, 2012 at 9:59 am

    I believe it the cost of doing business in Connecticut is not worth it . Taxes and the most ingnorent people in America it is not worth having your own business

    • George Gombossy on August 8, 2012 at 10:07 am

      Drew, your comment speaks volumes.

      • Monty04 on August 8, 2012 at 5:00 pm

        Pretty ironic!

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