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Contact: Adam Joseph

February 29, 2012

Senate President Williams, Senate Majority Leader Looney Welcome Connecticut Business Day 2012

Senate President Donald E. Williams, Jr. (D-Brooklyn) and Senate Majority Leader Martin M. Looney (D-New Haven) issued the following joint statement today in observance of ‘Connecticut Business Day 2012,’ which is sponsored by the Connecticut Business and Industry Association and the Connecticut Association of Chamber of Commerce Executives.

“The CBIA characterizes Business Day as ‘the most important day of the year for Connecticut businesses at the State Capitol,’ and rightfully so. This is an opportunity for businessmen and women from around the state to learn about the positive steps Connecticut has taken in the past year to grow jobs and the economy, and to make their voices heard on a variety of issues important to us all.”

“We are proud to say on Connecticut Business Day 2012 that the signs of an improving Connecticut economy are everywhere. State unemployment dropped to a 32-month low in December. A new CBIA poll shows 89 percent of state business owners expect their company performance to remain stable or improve in the next quarter. The Connecticut Center for Economic Analysis found Connecticut’s economy has recently outperformed the national economy, and it predicts that our investments in the Jackson Laboratory and the Hartford-New Britain busway projects will strengthen Connecticut’s economic performance significantly in the years to come.”

“In October, on a nearly unanimous and bipartisan vote, the legislature approved a $1 billion Jobs Bill for new and expanding business assistance, economic and workforce development, and job training programs. A dozen state companies have already received state assistance, and 350 more applications are under consideration.

The number one priority for Senate Democrats this session is to build on the momentum created by the jobs bill and continue our focus on growing jobs putting Connecticut residents back to work. Our plan expands on grant and loan program for small businesses employing 50 to 100 people, thereby adding another 3,600 companies to the pool of potential applicants for state aid. Additionally, our plans calls for the expansion of the STEP-Up program by giving businesses incentive grants to hire post-9/11 combat veterans returning from overseas.”

“In addition, Connecticut is investing nearly $500 million over the next 10 years to substantially increase the state’s stock of affordable housing, and we recently opened the Fairfield Metro railroad station and broke ground on the new Westbrook Shore Line East Railroad Station—both issues of vital interest to both business owners and the people they employ. And this session we are taking on education reform and fine-tuning our higher education regulations to better prepare our students to become productive members of Connecticut’s economic resurgence in high-tech manufacturing, bioscience, and other skilled trades.”

“On Connecticut Business Day 2012, we join the CBIA in celebrating all of Connecticut’s economic successes of the past year, and we look forward to reaping the rewards of our economic investments in the months and years to come.”


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