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Economy & Labor

CT registers slow growth in personal income; population declines

Patricia Daddona |

Personal income rose about 1 percent in Connecticut in 2016 as the state's population stagnated, according to new federal data.

CT shed 6,600 jobs in Oct.

Gregory Seay |

Connecticut lost 6,600 mostly seasonal jobs in October yet the unemployment rate eased to 4.5 percent, state labor authorities say.

Smidler out, Lariviere in at Kaman unit

Gregory Seay |

The management shuffle at Bloomfield aeroparts and power-distribution equipment maker Kaman Corp. continued Thursday with the disclosure that the head of its distribution segment is out.

Winstanley pays $50M for Windsor Locks bldg.

Gregory Seay |

Massachusetts landlord-developer Winstanley Enterprises says it has acquired a one-million-square-foot grocery-distribution facility in Windsor Locks for $50 million.

Senate passes hospital tax fix

KEITH M. PHANEUF | CT MIRROR |

The Senate voted unanimously Tuesday to fix a series of technical issues in the new state budget, including a flaw with the new hospital provider tax increase.

Renters' rebate program technical glitch fixed in the House

Patricia Daddona |

The state House of Representatives today is expected to approve a technical fix to a program that provides rebates to older and disabled renters.

House GOP tax plan ends historic preservation break

ANA RADELAT | CT MIRROR |

A tax break that was key to the rehabilitation of the Colt complex in Hartford, a Victorian opera house in Norfolk and dozens of other historic properties throughout the state is on the chopping...

Survey: CT business climate not likely to improve soon

Patricia Daddona |

Connecticut residents are pessimistic about the state's current business climate and its potential to improve, according to the latest InformCT Consumer Confidence Survey.

CT tax chief says GOP plan would force many in state to pay more

ANA RADELAT | CT MIRROR |

Connecticut Commissioner of Revenue Services Kevin Sullivan says the House GOP tax bill “could provide some economic stimulus…for states like Connecticut,” but he also said the plan...

Moody's: CT budget 'adds to challenges' for UConn

Patricia Daddona |

Connecticut's new $41.3 billion budget will be “credit negative” for UConn even though it is “credit positive” for the state as a whole, according to Moody's Investors Service.

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