A new survey by a magazine aimed at CEOs says Connecticut is the fifth worst state for doing business.
The report by Chief Executive Magazine said the state is ranked 46th overall for doing business. That’s based on its 48th place ranking for taxation and regulation; 36th in workplace quality; and, 37th in living environment. Last year Connecticut was ranked 45th.
The article said the state’s main advantage is Gov. Dannel P. Malloy appears ready to negotiate and is proactively going after new business; and he’s using the state’s open stance on LGBT as a weapon.
It presented as a challenge the fact that a new study showed that other states are closing the gap on Connecticut’s livability and cost advantages, while job creation has not returned to pre-recessionary levels.
The magazine pronounced that CEOs have the upper hand when it comes to dealing with the state because of the negatives. It said the results of its 11th annual survey show that CEOs favor states that foster growth through progressive business development programs, low taxes, and a quality living environment.
