Economic Slump Deepens Construction Woes

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Connecticut's slow recovery from the economic recession is hampering the state's construction industry even as firm in other New "http:// /blog//tivan">cheap ativan states and the nation begin to thrive.

From July to August this year, Connecticut ranked 49th out of ""> generic states in construction job creation, according to the monthly report from the Associated General Contractors of America.

As of September, Connecticut had 52,100 construction jobs, a loss of 1,100 "http:////#_no_prescription (2.1 percent) from September 2011, according to the AGC report dated October 30. The "site// area of the state that gained construction jobs was Fairfield County.

Connecticut's economy is hurting worse than other states because Wall Street investment hasn't played as big of a role in the state since the downturn started in 2007, Anirban Basu of the accounting firm Marcum told the Hartford Business Journal. Coupled with a reputation for having an unfriendly business environment, Connecticut has lagged behind states such as Massachusetts, New Hampshire and Vermont in obtaining the private investment needed to stimulate construction.

"There are other New England states considered to be more business friendly, and that attracts more private investment," Basu said.

Should Connecticut Give Special Incentives to Individual Companies?

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