BERLIN, Conn. –– January 5, 2012 –– Connecticut has weathered the most recent economic recession better than most regions of the country. That's according to the 2012 edition of the Connecticut Economic Review. The booklet, published annually by Connecticut Light & Power (CL&P) and Yankee Gas, reveals a variety of data that shows how Connecticut compares to the other 49 states, and in some categories, the world.
Some of the areas covered include business innovation, education and productivity, energy and infrastructure, and quality of life. The booklet shows Connecticut is at or near the top of the rankings in research and development, worker productivity, foreign direct investments, energy efficiency, residents with advanced degrees, and finance and insurance jobs.
“This is the 16th consecutive year we've published the Review and this latest edition provides more positive economic news for the state,” said Jim Muntz, president and chief operating officer, CL&P. “It is more proof that Connecticut is a great place to do business.”
This latest edition of the Review shows:
- Connecticut's cost of living compares favorably to other premier business locations
- The state is home to 800 biomedical companies and 175 aerospace companies
- Connecticut has excellent access to world markets
- Connecticut is home to 12 members of the Fortune 500, ranging from General Electric, United Technologies and Stanley Black & Decker to Northeast Utilities, the parent company of CL&P and Yankee Gas
The publication is utilized by business recruiters at CL&P, Yankee Gas, the Connecticut Department of Economic and Community Development and many local regions and communities to promote the state as an attractive business location to corporations and site selection consultants around the world."CL&P and Yankee Gas' economic review is a key tool in our recruitment and retention efforts, illustrating the many important positive attributes Connecticut has to offer for businesses looking for an investment location," said Robert Santy, president and chief executive officer of the Connecticut Economic Resource Center, Inc.
Printed copies are now available. Call (860) 665-4712 to request a copy. You can also view it online at
http://www.cl-p.com/Business/EconomicDevelopment/Economic_Review/.