Maintaining Focus Beyond Special Session Key to Economic Recovery

Connecticut's largest business organization today welcomed passage of the bipartisan jobs bill, calling the legislation a good first step for improving the state's climate for job creation and economic growth.

Connecticut Business & Industry Association president and CEO John R. Rathgeber said the business community was pleased at the scope of the bill, HB 6801, "An Act Promoting Economic Growth and Job Creation in the State."

"I think it's significant that the legislation passed both the House and Senate with broad, bipartisan support," Rathgeber said. "And we're hopeful it represents a new beginning for the state, a long-awaited change of attitude.

"It is imperative that we restore confidence and attract new investment, strengthen our economic base, and make Connecticut a more competitive place to do business.

"Our economic future ultimately depends on the ability of our private sector to compete, to have the confidence to invest and grow here and we see this bill as a step in the right direction."

Rathgeber noted that many of the initiatives included in the bill were echoed by CBIA's pro-jobs agenda, which called for policymakers and the business community to work together to find and develop long-term economic solutions.

The bill addresses several factors inhibiting job creation and growth in Connecticut, including a lack of support for small businesses and a regulatory environment that hinders economic development.

It also features measures to promote innovation, develop short and long term workforce development strategies, and enhance the state's economic development tools.

Rathgeber applauded Governor Dannel P. Malloy for calling the special session and reaching out to lawmakers from both parties. He urged the administration and legislators to continue pursuing long-term fiscal and economic solutions.

"This first step is just thata first step," Rathgeber said. "The renewed focus on jobs and economic growth must continue past the special session.

"We must commit to working together to create and retain jobs because Connecticut cannot continue down the path that led to the perception that the state is not business-friendly.

"Let's build on our strengths and pursue policies that support businesses: the state's job creators: and unlock Connecticut's immense economic potential."

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CBIA is Connecticut's largest business organization, with 10,000 member companies. For more information, please contact Joe Budd (860.244.1951; joe.budd@cbia.com).