Economy

Eight Regional Corporations Chosen Among the Most Ethical in The World

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NEW YORK: The Ethisphere Institute has recognized eight southern New England corporations as among the most ethical in the world. For eleven years…

Connecticut Corporate Taxes - In Mid Range Nationally

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Resource Release COMPARE> Washington, DC: With federal tax reform efforts seeking to lower the 35 percent tax rate on corporations, it's also worth…

Is Saint Vincent’s Hospital On The Block?

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BRIDGEPORT: A report late Thursday, February 23 in the Connecticut Post revealed that management at Bridgeport’s St. Vincent's Hospital has told…

A For Sale Sign and A Foreclosure For Two Fairfield County Signature…

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By Mitchell Young DANBURY: GE’s sale of its sprawling campus to Sacred Heart University and the relocation of employees to Boston and Norwalk,…

Who’s Your Data?

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HARTFORD: New search capabilities of the state’s business formation database have been made available through a partnership with the Connecticut…
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CBIA's, Gioia: companies waiting to see about the economy.

The 2016 CBIA/Farmington Bank 2nd Quarter Economic and Credit Availability Survey reveals that about half (49 percent) of Connecticut business leaders predicted unchanged, stable conditions in the short term. 

One-third of business responders felt their conditions would improve, increasing slightly from the first quarter, 17 percent also expect their company’s outlook to worsen, down from 19 percent and 32 percent stated their workforce will increase, while in the first quarter, that number was 29 percent. 

CBIA economist Pete Gioia said businesses are starting to adopt a more optimistic outlook, but most of those surveyed are still sticking with this “wait-and-see attitude” for their future.

This second quarter survey was emailed out to 1,800 Connecticut business leaders in September and a total of 117 responded.