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POLL: Is Conn. Driving Business Away?

ChiefExecutive.net does not paint a pretty picture of the business climate in the Nutmeg State. Take our poll and add your thoughts in the comments.

 

“Connecticut could be the business-friendly refuge of NYC and New England, but instead taxes and regulates like the crown of Old England.”

So says one unnamed chief executive officer in Connecticut as part of ChiefExecutive.net's 10 Worst States for Business survey. Connecticut ranked seventh.

The Nutmeg State received 2 stars for taxation and regulation (out of five); four stars for workforce quality; and four stars for living environment.

What do you think? Is Connecticut business friendly? Take our poll and add your thoughts in the comments. (And be glad you don't live in California.)

Amo Probus May 11, 2012 at 07:31 PM
I would move my business in a flash if I could. Anyone trying to open a new one in CT is a big time gambler or a nut!
Charles May 12, 2012 at 12:55 AM
Oh my God, what a disaster Connecticut has been for me in terms of opening a business. I had a small side business in NYC. It was no problem to operate. I toiled an hour or so per week and pulled in about $25,000 in profits per year. I moved to Connecticut. Since the business was always run out of my home, the business address moved with me. I suddenly found myself filling out endless paperwork in Connecticut. Quarterly reports and year end documents galore. After a few years, the profits dipped down to $8,000 and I thought it wasn't worth it anymore. I didn't mind the hour per week, but it was the paper work that turned me off. So I closed the business. Or so I thought. I called the state. I told them the business was over. They said okay, they would note it in their records. Three years later I get a bill from Connecticut. The business was never closed on there end. I had no idea. They claimed the business was open for all that time and I owed them 3 years worth of business tax plus penalties. It came to thousands of dollars. I will never do business in this state again. Never. And you might say who cares, I'm just some dork with a dinky company that made $8,000. Wrong. The home business was on the side. I ran it because it was a very specialized scientific topic that amused me. For my real day job I started another company in NYC that I eventually sold a fortune. I might do it again one day, but not here. No way.
GDB May 12, 2012 at 01:18 AM
Opening a business in CT is hell. I have had to deal with DEEP, EPA, Health dept. Planning and Zoning, FCC, Liquor Control, and on and on it goes. Thousands of dollars in permits, fees, consultants to help with all of this and still not done. Now they look to raise minimum wage, taxing and reporting us to death, and if we manage to make a dollar, they want half or more. I have hired over 20 people in 6 months, from high school age to retirees...just the people who need it most. You think I could catch a break? Nope. Just regulation and hassle every time I turn around.
EMR May 12, 2012 at 02:16 AM
opened a business in this state 10 years ago. things are going quite well, especially since Obama. we are fine. thanks for asking...
Del Dridle May 12, 2012 at 06:20 PM
Whoever thought the 3 bedroom house in Wilton would sell for $280k ...Well I just saw it in the NYT Sunday Real Estate Section! Yikes we can't vote with our feet because we are stuck here with the kids, house, mortgage, school, jobs that suck the gas out us - literally - $85.00 a week to go to/from; and other life commitments... Man this town spends our money like there's no tomorrow and the state keeps raising taxes... There's no end it sight... No wonder the unemployed wanna stay that way - we are paying them to do nothing... Why should they get a job and pay taxes...We are the biggest bunch of suckers in the world - what a laugh...

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