F3 Talks with NBC30 on Connecticut Business Survey Shows Growth and ConcernsBy: F3 Technology Partners - Saturday, September 12, 2015
The report released by the Connecticut Business and Industry Association revealed that many Connecticut businesses are thriving but have concerns about what the future may hold.
Forty-three percent of more than 500 businesses surveyed said economic conditions are the biggest issue facing companies in the state. Nearly half the businesses surveyed said they're concerned about the tax increases that came out of the latest legislative session.
Gioia said businesses are asking, "'Every time the legislature goes in are they going to raise my taxes? I’ve got R&D type tax credits. Are these going to go away?'"
"It's a sign that moods have changed when it comes to spending after the recession but that many companies have adjusted to become more profitable as they reduced expenses," Lattimer said.
The company's CEO, Tom Colleary, said even though he's seen huge growth, he also gets a feeling from clients that a slowdown may be coming.
Colleary said he wants to see the state do more to allow small businesses like his, which has just 24 employees, like come up with incentives.