July 23, 2018
newhavensky

New Haven Today, But Tomorrow – Two Views

The streets of the City of New Haven are well packed with young people and even suburbanites for the first time in decades. Apartment rehabs and new complexes have sprung up across the Elm City. The numbers are real and big,…
July 19, 2018
trifecta

Non-Profit Water Company Makes “Venture” Investment In Indoor Farming…

MERIDEN, NEW HAVEN: The South Central Connecticut Regional Water Authority (RWA) announced a $500,000 investment in Meriden-based Trifecta Ecosystems. The RWA said the investment will “bring innovative, sustainable farming…
July 20, 2018
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Road Show On Federal Funding of Tech - Coming To New Haven

NEW HAVEN: The SBIR Road Tour is coming to New Haven on Tuesday, August 21, to convey the "nondilutive technology funding opportunity" provided through the Small Business Innovation Research (SBIR) and Small Business…
July 23, 2018
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Connecticut Disses Eversource New Offer and Resubmits Original Merger to…

CLINTON: The Connecticut Water Service [Nasdaq: CTWS] is moving forward with their merger plans with its cross-country transaction with the San Jose Water Company [NYSE: SWJ] as its rejects Eversource’s [NYSE: EV] most…
June 20, 2018
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New Haven Biotech Inks $150 Million Cash Now - Deal

NEW HAVEN: Biohaven Pharmaceutical Holding Company Ltd. [NYSE: BHVN] based in the city’s downtown has just shown the wisdom of its licensing and developing programs. Royalty Pharma a New York based bioscience investment firm…
June 20, 2018
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Report: Greater New Haven Real Estate Showing Some Big Moves

NEW HAVEN: A detailed real estate report by the real estate firm Colliers International shows that new developments in the recently ended 1st Quarter combined to produce a positive outcome for New Haven’s office market.…

People's Buying Farmington Bank

Jun 19, 2018
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BRIDGEPORT: People's United Financial, Inc. [NASDAQ:PBCT], the holding company for People's United Bank, N.A., is acquiring…

Connecticut Water To Move Forward With Cross Country Merger

Jun 19, 2018
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CLINTON: Connecticut Water Service, Inc. [NASDAQ: CTWS] has rejected Eversource’s [NYSE: EV] offer and said it has received…

Eversource Not Ready To Lay Down On Connecticut Water Takeover Proposal

Jun 20, 2018
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HARTFORD: In spite of the announcement by Connecticut Water Services [Nasdaq: CTWS] that it is going ahead with its merger…

Alexion Hopes To Leverage “Complement” Experience Makes VC Style Investment In Start Up Biotech

Jun 19, 2018
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By Mitchell Young NEW HAVEN, AMSTERDAM: Alexion Pharmaceuticals, Inc. [NYSE: ALXN] has taken another, albeit small step to…

Water War Words Coming To A Boil

Jun 06, 2018
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By Mitchell Young CLINTON: The water war over the purchase of Connecticut Water Service [Nasdaq: CTWS] is heating up and the…

CBIA and Manufacturing Consultant CONNSTEP – Forge Partnership

Jun 07, 2018
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HARTFORD: The Connecticut Business & Industry Association and CONNSTEP, a non-profit business consulting firm that…

Connecticut Water Board Backs Up, To Solicit New Bids for the Company

May 31, 2018
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Connecticut Water Board Chair, Carol Wallace: Board Opens Bids for Company. CLINTON: After weeks of refusing to address a…

Offshore Wind Set To Power New London’s Deepwater Port

May 30, 2018
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By Mitchell Young NEW LONDON: Connecticut will be making a $15 million investment at the Connecticut State Pier in New…

Feds Giving The Go Ahead For East Windsor Casino – MGM Says Still In the Fight

Jun 01, 2018
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EAST WINDSOR: Federal officials are giving the go ahead for Connecticut’s Mashantucket and Mohegan Tribes for a jointly…

UI Parent Avantgrid and Wind Power Set To Take Off With Massachusetts Selection

May 24, 2018
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By Mitchell Young BOSTON, MA, PROVIDENCE, RI, ORANGE: United Illuminating parent company Avangrid [NYSE AGR] based in Orange…

Health

Medical Practice Consultants Relocate to Shelton

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SHELTON: U.S. Vascular Management Group of Trumbull has leased 8,600 SF of premier office space at International Place, 6 Research Drive in Shelton.…

Quinnipiac Appoints Dean of Nursing School

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NORTH HAVEN : Lisa G. O’Connor of East Haddam has been appointed Dean, of the School of Nursing at Quinnipiac University, O’Connor had been associate…

Hartford HealthCare To Acquire Bridgeport’s St. Vincent's Medical Center

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BRIDGEPORT: St. Vincent’s Medical Center in Bridgeport and its parent Ascension Health have signed a non-binding letter of intent with Hartford…

Anti-Marijuana Organization Cites Potential Costs to Legalization

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HARTFORD: While Advocates for legalization of recreational use of Marijuana in Connecticut cite economic benefit to the state an anti-legalization…

Advocates for marijuana sales point to big economic boost

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By: Keith M. Phaneuf |ctmirror.org Advocates for legalizing recreational marijuana use in Connecticut — and taxing its sales — are hoping a holistic,…

Breaking down this year’s Access Health CT open enrollment

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By: MACKENZIE RIGG | ctmirror.org In all, 114,134 residents enrolled in private health insurance through the state’s health insurance exchange,…

Wallingford Medical Device Company Launches Product To Control Internal…

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WALINGFORD: Z-Medica, LLC, a developer of hemostatic devices, announced that QuikClot Control+® approved by the FDA in June of 2017 is now…

Children's Hospital Invests In Mass. Biotech

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HARTFORD: Connecticut Children's Medical Center has made an investment in a small Massachusetts based biotech company Biostage, Inc. [OTCQB:…

State Seeks More Medical Marijuana Sellers

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HARTFORD: US Attorney General Jeff Sessions may be trying to arrest the increase in marijuana sales in states across the country, but Connecticut is…

Chester Retirement Community Sold

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CHESTER: Chester Village West set on 55 acres with 105 cottages and apartments was purchased by Masonicare, based in Wallingford, the state’s largest…

Technology

Stamford Creates An “Innovation Playground” For Start-Up And Large…

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By Thomas Madden, AICP, Director of Economic Development, Stamford Stamford is preparing to be the city of tomorrow through a repeating $2 million…

Imaging Company Purchases Headquarters Building

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STRATFORD: Kubtec Digital X-Ray has purchased a freestanding building at 111 Research Drive for $1.045 million. The building, on 0.67 acre,…

Road Show On Federal Funding of Tech - Coming To New Haven

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NEW HAVEN: The SBIR Road Tour is coming to New Haven on Tuesday, August 21, to convey the "nondilutive technology funding opportunity" provided…

Non-Profit Water Company Makes “Venture” Investment In Indoor Farming…

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MERIDEN, NEW HAVEN: The South Central Connecticut Regional Water Authority (RWA) announced a $500,000 investment in Meriden-based Trifecta…

Legacy AV Company Shows Its Stuff With New Headquarters

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NORTH HAVEN: HB Communications, founded in 1946 is an audiovisual communication solutions company, has opened the doors to its newly renovated…

Tech Firm Relocates To Shelton Office Building

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SHELTON, Dark Field Technologies has relocated their headquarters from Orange to Shelton, according to Jon Angel, president of Angel Commercial,…

New Haven Architects’ Design One of Six Selected for review for uberAIR…

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NEW HAVEN, LOS ANGELES: New Haven based Pickard Chilton working with Arup, Corgan, and The Beck Group was selected as one of six leading architecture…

Connecticut Innovations Funds 43 Companies in Final 2017 Quarter

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ROCKY HILL: Connecticut Innovations (CI), Connecticut’s venture capital arm and what they say is the “leading source of financing and ongoing support…

Fox Network Prevails Against Fairfield Video Search Company In Court

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FAIRFIELD: TVEyes, Inc. has lost in the United States Court of Appeals for the Second Circuit to Fox News Network, LLC, a decision preventing the…

OPINION: How Connecticut became the least likely innovation hub in the U.S.

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By Matthew McCooe, Connecticut Innovations Think back to where Connecticut was 20 years ago. A National Hockey League franchise had just left the…

Real Estate & Construction

Greater Hartford Office Report Mixed Bag As City Gains – Suburbs Suffer

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HARTFORD: Cushman and Wakefield’s Hartford Office released its Qtr 2 real Esate review for the Hartford Office Market. While the report points to a…

East Hampton Takes Step In Preserving And Protecting Historic Village…

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By Town of East Hampton EAST HAMPTON: In June the town council took an important first step in preserving and protecting its historic Village Center…

Putnam’s Economic Development Thinks Regional with Quinebaug Regional…

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The Y is Q's First Tenant By Putnam Economic Development PUTNAM: n the true spirit of community, the Quinebaug Regional Technology Park (The Q) is a…

West Hartford Transit Development Completed

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WEST HARTFORD: What developers ae calling “a pioneering mixed-use community,” located next to the new CTFastrak “rapid transit stop,” 616 New Park…

Apartment Building Next To SCSU Sold

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HAMDEN: An $8.7 million price tag was made for a 30 unit [130 bed] Hamden apartment building adjacent to Southern Connecticut State University…

Winstanley Investment In Distribution Facility To Exceed $100 Million

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MANCHESTER: Winstanley Enterprises, LLC of Concord, MA has acquired the two million square J.C. Penney distribution warehouse facility located at…

Stamford Creates An “Innovation Playground” For Start-Up And Large…

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By Thomas Madden, AICP, Director of Economic Development, Stamford Stamford is preparing to be the city of tomorrow through a repeating $2 million…

Imaging Company Purchases Headquarters Building

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STRATFORD: Kubtec Digital X-Ray has purchased a freestanding building at 111 Research Drive for $1.045 million. The building, on 0.67 acre,…

Casino Area Hotel Reflagged and Sold

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UNCASVILLE: Fairfield Inn & Suites Uncasville, a recently renovated four-story 105-room hotel located off I-395 has been sold for $11.05 million.…

The “Greatest Small City” Is Undervalued According to Financial Website

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NEW YORK: Smartassets.com the financial resources website says “whether you’re a first-time homebuyer or a grizzled veteran of the home-buying…

Government

New Haven Today, But Tomorrow – Two Views

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The streets of the City of New Haven are well packed with young people and even suburbanites for the first time in decades. Apartment rehabs and new…

The Collapse of New Haven

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By Joel Schiavone Enjoy your summer. This is the lull before the storm. Campaigning begins in earnest for state and local elections which will…

Mr. Smith Wants to Go to Hartford

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OPINION: By Mitchell Young Or does he? Webster Bank Chairman and former CEO James Smith said on April 6 he wants to be Connecticut’s next Governor,…

Joel Schiavone: New Haven What Road To Where

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Joel Schiavone in New Haven magazine's first profile in 2007, on the Chaple Street that he layed the foundation for. Perhaps more than any single…

90's Era New Haven Developer Bob Mathews Indicted For EB 5 Visa "Scheme"…

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The estate of former New Haven Developer Bob Mathews, now under federal indictment. The home was priced for auction at $26.5 million, but has been…

Bridgeport Concert Venue Design Revealed

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BRIDGEPORT: Torpedoes or lawsuits be dammed that is the plan of Bridgeport’s Mayor Joe Ganim, and concert amphitheater developers Howard Saffan and…

CT Lawmakers Explore Sports Betting Ahead of SCOTUS Decision

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By: Keith M. Phaneuf and Clarice Silber ctmirror.org HARTFORD: House Democratic leaders are preparing to enact legislation this spring to launch…

Anti-Marijuana Organization Cites Potential Costs to Legalization

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HARTFORD: While Advocates for legalization of recreational use of Marijuana in Connecticut cite economic benefit to the state an anti-legalization…

 Between 1992 and 2012, leftists waged a ruthlessly relentless and astoundingly successful campaign to increase state budgets.

 

Crunching the U.S. Census Bureau’s data reveals that per capita, and adjusted for inflation, states augmented expenditures by an average of 45.6 percent. Each of the “laboratories of democracy” spent more — i.e., not one boosted efficiency.

 

It’s a development that pleases apologists for “public investments,” because states devote most of their revenue to goodies that the unlimited-government lobby claims make life worth living. In 2012, five categories — schools (pre-K to Ph.D.), welfare, health/hospitals, utilities (including “mass transit”), and roads/highways — accounted for 68 percent of costs. They totaled $1.3 trillion, or 8.3 percent of America’s gross domestic product.

 

However counterintuitive it seems, the wildest spenders weren’t consistently blue. With stagnant populations and sagging entrepreneurship, Connecticut, New Jersey, New York and Rhode Island lacked the ability to bring in the loot, and thus clustered toward the bottom of the roster. At the budget-busting apex were an eclectic five: Mississippi (86.8 percent), Vermont (80.6 percent), Arkansas (79.2 percent), North Dakota (75.6 percent), and Kansas (63.8 percent).

 

How did big spending alter the big spenders? It’s a challenging assessment to make, and worthy of a lengthy policy paper. But few would argue with the reasonableness of two broad metrics: social conditions such as crime, poverty, and educational attainment; and economic indicators such as unemployment, job creation and median household income (MHI).

 

Vermont was affluent, highly educated, and all but violence-free in 1992. It remained so in 2012. (Its expenditures ballooned due to an asinine scheme to restructure the funding of school districts.) North Dakota’s spending was largely driven by the fracking revolution, a phenomenon that is radically altering the state. (Crime is rising, as young, unattached males flock to the Bakken. Time will tell if NAEP and SAT scores stay high.) Mississippi and Arkansas stand out for their placement in the top five, though, because supernovas of spending did not produce turnarounds. Achievement by primary- and secondary-school students at government institutions in both states was well below the national mark in 1992, and nothing had changed two decades later. The same was true for college completion — subpar in 1992, equally inferior in 2012. As job-creators, the two underperformed in the period. Private-sector employment increased by 24.7 percent nationally. In Mississippi, growth was 20.2 percent; in Arkansas, 14.3 percent. The Magnolia State expanded its MHI by 8.1 percent — significantly exceeding the figure for the country as a whole — while its Razorback counterpart saw MHI fall. Both saw poverty rates persist at abysmally high rates.

 

What about the states that spent the least? The stingiest five were Washington (20.2 percent), Rhode Island (17.5 percent), Hawaii (11.1 percent), Alaska (ten percent), and Nevada (5.6 percent). It’s dodgy to lump the non-contiguous states in with the “Lower” 48, since the pair’s economies and cultures are so unique. Let’s look at Washington, which committed two of liberalism’s mortal sins: not only did it spend in a miserly fashion, it refused to impose a tax on personal income.

 

By nearly every barometer, between Bill Clinton’s election and Barack Obama’s reelection, life in the Evergreen State got better. Job growth in the accountable sector was prodigious — almost 30 percent higher than the nation. Washingtonians were an educated lot in 1992, and stayed that way. The violent-crime rate, which started scant, fell by 44.7 percent, close to the decline posted by the entire U.S. At 10.8 percent, the hike in MHI was stellar.

 

Nevada’s results are mixed, but one conclusion is certain: Paltry spending on “services” did not repel newcomers. Quite the opposite: The Silver State’s population doubled, fed by relocating retirees and private-sector job creation of just below 80 percent. Nevada’s moonbats whine about workers’ wages, and it’s a valid gripe. MHI fell by 9.3 percent. Poverty, once beneath the national rate, rose above it. Student achievement on standardized tests continued to be lousy, but college completion improved. Robberies, rapes, murders and assaults remained far too common.

 

In February, Gallup released its annual survey of state-level “well-being,” which examines “life evaluation, emotional health, work environment, physical health, healthy behaviors and access to basic necessities.” Woeful high-spenders included Mississippi, Arkansas, Missouri and Kentucky. Chipper skinflints included Hawaii, Idaho, Nebraska and Washington.

 

Leftists rightly consider state capitols rich targets for the marketing of “universal preschool,” bloated train and bus systems, enhanced subsides to universities and Medicaid metastasization. The real-world consequences of these costly measures? Proponents aren’t interested.

 

Taxpayers should be.