.

Patch's Poll: Is CT Driving Business Away?

ChiefExecutive.net does not paint a pretty picture of the business climate in the Nutmeg State. Take our poll and add your thoughts in the comments.

“Connecticut could be the business-friendly refuge of NYC and New England, but instead taxes and regulates like the crown of Old England.”

So says one unnamed chief executive officer in Connecticut as part of ChiefExecutive.net's 10 Worst States for Business survey. Connecticut ranked seventh.

The Nutmeg State received two stars for taxation and regulation (out of five); four stars for workforce quality; and four stars for living environment.

What do you think? Is Connecticut business friendly? Take our poll and add your thoughts in the comments. (And be glad you don't live in California.)

Andrew Ziemba May 09, 2012 at 06:12 PM
Speaking as a President and CEO, and Austrian economics theoretician, I will have to go with a YES on this one.
Just Breathe Connecticut LLC May 09, 2012 at 09:53 PM
As a small business owner - YES! This state is a nightmare.
Bill Eccles May 11, 2012 at 11:51 AM
As the husband of a small business owner, I have seen firsthand what toll the state government has had on one business. My wife works 80-90 hours per week. A significant portion of that time is spent complying with state regulations, the very same regulations which apply to both sole proprietorships and giant conglomerates alike. But where these corporations have cadres of staff to ensure compliance, sole proprietors have just themselves. It is a very serious concern of mine that the vast majority of our legislators have never run their own businesses and have never seen what happens behind the counter of the small businesses they regulate. And I do not believe the bureaucrats who implement the regulations have any idea what they ask of the regulated. While some of the regulations have value in, for example, worker protection, there are very few activities imposed by our government on our businesses which add value to the economy. I'm also not convinced that state government isn't overstaffed. When the state has manpower to steal four hours of a small business owner's time to audit the only worker disability claimed in decades, I think it's telling. Another business owner observed on a stroll through the judiciary that the water coolers are way too popular. Let's trim the fat. Would I start a business here? No, thank you--and I commend those of you who have. Whether out of naïvety or bravery, you are to be congratulated for your willingness.
R Eleveld May 11, 2012 at 12:48 PM
Mr, Eccles speaks accurately in that Connecticut has a very unfriendly business environment. Now you can say that Republicans -- which have had a clear minority in the CT legislature for many decades -- are all for 'big business', a fallacy. As importantly they are for small business, less government, and control of spending that translates into limited taxes. The Democrats through legislation and regulations presume that all businesses must be bad and all employees must be protected. Ask any business owner and many employees might disagree with that characterization. So for example they setup sick pay rules raising the cost of labor by ~5% after direct costs and administration, and then wonder why no one is hiring. Most small business owners will tell you that CT is business unfriendly, and we need change. Think and vote out all sitting legislators and more so those responsible for the current hegemony. We will still have to wait 2 years to change the governorship.
Andrew Ziemba May 11, 2012 at 02:13 PM
There should be no federal income tax anyway. I'd rather take the amount I pay in taxes and use that money to hire an employee to work for me and grow my business. Instead that money goes to government to pay for unemployed people, the very people I could hire. Well that's government for you...

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »