CBIA Foundation Releases Economic Competitiveness Index

The CBIA Foundation for Economic Growth & Opportunity has released a new resource tool detailing key economic data points and trends.  

By the Numbers: Tracking Connecticut’s Economic Competitiveness highlights how Connecticut compares with other states in critical areas, highlighting areas of strength, and identifying challenges and opportunities.

“To understand where we need to go as a state, we first need to understand where we are,” said CBIA Foundation director Dustin Nord.

“This guide will serve as an important reference to learning more about Connecticut and its economy as we navigate an uncertain state, national, and global economy.

“The data reveals the state is at an inflection point.

“We have the educational attainment, research capacity, and income levels that typically drive economic success, yet we’re not seeing that translate into the job creation and business formation that sustain long-term competitiveness.”

Resource Tool

When the CBIA Foundation released Opportunity Connecticut: Reimagining Our Workforce, Economy, and Quality of Life in the fall of 2024, the report included nearly 60 recommendations to improve our state’s economic competitiveness.

It also promised a commitment to monitor the progress of our state, ensuring our work stays relevant to changing economic realities.

By the Numbers—produced with the generous support of the Connecticut Business Roundtable—is the first tool published by the foundation to follow through on that commitment.

The index will be updated annually in conjunction with a regularly updated, to-be-released dashboard.

“While there are many sources from which one can gather economic data, By the Numbers is meant to aid those concerned with our state’s economic health by providing one location for critical information, released on a predictable schedule, and provided with insights explaining why we should be paying attention,” said Nord.

Media interested in receiving a physical copy of By the Numbers should contact Scott Beaulieu (860.244.1929).