High costs top priority for Conn. businesses
The cost of doing business in the state and high health care costs are among the top issues facing local businesses, according to a survey by the Connecticut Business and Industry Association (CBIA).
Business executives say reducing costs and adopting a more business-friendly attitude should be priorities for state policymakers to help grow Connecticut businesses.
Ninety-two percent of respondents said increasing workers' compensation benefits would be problematic for their companies. Other concerns included paid sick leave, and an increase in personal income tax.
Seventy-seven percent of respondents support proposals that would limit municipal spending in an effort to reduce property taxes and control spending.
Nearly half of those surveyed said increased energy costs have affected their products.
Education continues to be an issue as nearly all executives support high school reform and a change in graduation requirements, including a focus on critical thinking, written communication and ethics.
"The survey results underscore the opportunity for government leaders to take actions that encourage job-creating investments that will help Connecticut businesses remain competitive with companies in the U.S and abroad," said John R. Rathgeber, president and CEO of CBIA, in a statement.
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