Editorial Staff

Connecticut’s Painful Journey: Wealth Squandered, Lessons Learned, Promise Explored

/0 Comments/in , , , , /by Editorial Staff
Share on Facebook
Share on Twitter
Share on
LinkedIn
+

Host Joe Selvaggi talks with Connecticut Business and Industry Association’s President and CEO, Chris DiPentima, about what policy makers can learn from Connecticut’s journey from the wealthiest state in the nation, to one with more than a decade of negative job growth.

Guest:
Chris DiPentima is the president and CEO of CBIA, Connecticut’s leading business organization, with thousands of member companies, small and large, representing a diverse range of industries from every part of the state. He chairs the Connecticut Manufacturers’ Collaborative and serves on the boards of the Connecticut Manufacturing Innovation Fund, Middlesex Chamber of Commerce, and Middlesex Community College Advisory Board. DiPentima has a bachelor’s degree from Boston College and received his juris doctorate from Quinnipiac Law School.

 

Related:

New Study Shows Significant Wealth Migration from Massachusetts to Florida, New Hampshire

Boston Herald:

Taxes driving wealth out of Massachusetts and into Florida, New Hampshire: report

Editorial: Wealthy have options to avoid tax hikes 

The Boston Globe: Massachusetts is losing wealthy residents to states with no incomes taxes, such as New Hampshire and Florida

The Bond Buyer: Massachusetts sees wealth exodus

Get Updates on Our Economic Opportunity Research

Related Content

Suffolk County Residential and Commercial Taxation Changes Since 2018

Massachusetts is a relatively rich state, with an average assessed…

Migration to Massachusetts in 2022: Where Are People Going?

With thousands moving to Massachusetts every year, they bring income and assets that can affect the local economy. However, people from different regions of the country tend to favor different parts of Mass more or less, though the more urban area around Boston is al

The Economic Development Bill Starting to Take Shape; It Makes Big Bets on Life Sciences, Clean Technology and Applied AI

The Massachusetts Senate debated S.2856, its version of the biennial…

Study: U.S. Immigration System Limits Benefits Foreign Students Could Provide

Slow, inefficient system that discourages entrepreneurship puts U.S. at a competitive disadvantage

Massachusetts is Losing Thousands of Taxpayers a Year. Where Are They Going?

Massachusetts is facing a net loss of taxpayers and AGI. Learn about where these taxpayers are migrating to, and potential reasons for that migration.

At a Glance: Who Moved to Massachusetts in 2022? 

State-to-state migration can have serious impacts on the local economy. Migrants to Massachusetts come from all over the country, but significant portions of both new taxpayers and new taxable income come from just a few sources, such as New England, New York, Florida, and California.

Is Free Community College What Massachusetts Needs?

The Massachusetts Senate proposed making community college tuition free for all residents of the Commonwealth as part of its FY2025 budget. Pioneer explores whether this program is what Massachusetts needs to prepare its residents for gainful employment and how it interacts with the state's extensive workforce development infrastructure.

Unemployment in Massachusetts by Race

Unemployment rates vary based on racial groups. Most minority groups face higher unemployment rates in Massachusetts than the majority White population.

The Housing Crisis has a Hand in Massachusetts Out-migration Trends

Recently published IRS data shows that net out-migration from…

Latest IRS Migration Data Show Exodus from Massachusetts Continues

Massachusetts shed more than double the amount of adjusted gross income (AGI) in 2022 than any year prior to 2020, making it fifth among states in net AGI out-migration behind only California, New York, Illinois and New Jersey, according to data released Thursday by the Internal Revenue Service. 

Cape Cod Restricts Fourth of July Parties: What’s the Economic Impact?

With Fourth of July parties getting out of hand in recent years, Dennis Police established measures to limit the number of beachgoers this year. This may have an impact on Dennis economically, but it is a choice Dennis feels is worth making.

Part II: Push and Pull Factors for Massachusetts Businesses

High UI tax rates make it expensive for businesses to operate in Massachusetts. Learn what affects a company's decision to operate in Massachusetts.

Mayor Wu’s Office to Residential Conversion Pilot Program Prioritizes Downtown Revitalization over Housing Production, Fiscal Responsibility

In July 2023, in response to a soft post-COVID office market…

Northwest Massachusetts’ Reliance on Industry Levies

Some towns in NW Massachusetts spend significantly more per capita than their neighbors, without using methods such as large state funding, deficit spending, and high taxes. These towns gain significant portions of their revenue from industry tax levies.