Finance Committee Stops Standard Wage Bill
The legislature’s Finance Committee this week put an end to a proposal (HB 5756) that potentially would have penalized Connecticut businesses seeking certain financial assistance from the state’s economic development agencies.
HB 5756 required businesses receiving the state’s help to pay an above-market “standard wage” to any person (an employee of the business or not) providing the company with food, building, property, or equipment services for 10 years after receiving the state assistance.
CBIA appreciates the efforts of the committee leadership in not bringing the standard-wage bill to a vote because of how it would have impacted Connecticut’s business climate.
Ironically, HB 5756 would have increased the labor costs of businesses seeking the state’s financial help. And it would have undermined the ability of the Governor and Department of Economic and Community Development to attract new businesses to Connecticut.
As the latest state budget, revenue, and employment statistics show, now is the time for the legislature to do all it can to help employers create jobs so that Connecticut’s economy and fiscal health can fully recover.
Rejecting harmful measures like HB 5756 is a good start.
For more information, contact CBIA’s Eric Gjede at 860.244.1931 or firstname.lastname@example.org.
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