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

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

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.

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.

Part I: It May Be Better to Be Unemployed in Massachusetts than in Connecticut or New Hampshire

Connecticut, Massachusetts, and New Hampshire all rank among…

Massachusetts Legislature Procrastinates Once Again

There are less than seven weeks left to the Massachusetts Legislature’s…

Study Finds Prevalence of Entrepreneurship Tied to Regulatory Environment, Portion of Immigrants

The prevalence of entrepreneurship is linked to both the regulatory environment and the portion of foreign-born immigrants in a jurisdiction, according to a new study published by Pioneer Institute.

Cape Cod: The Struggles of Year-Round Residents

Barnstable County contains all 15 Cape Cod municipalities. In…

Thoughts on Outmigration and Competitiveness

?Thoughts on Out Migration and Competitiveness   A…

Study Finds Supply Shortage at the Heart of Greater Boston Housing Crisis

Construction costs, land use regulation and zoning among…

Commentary On The Senate Ways And Means Committee FY2025 Budget 

The Senate Ways and Means Committee (SWM) released its FY2025 budget on May 7th.  This spending plan totals $57.9 billion, an increase of $1.8 billion over the FY2024 General Appropriations Act (GAA).  Like the Governor’s and House’s versions of the budget, the SWM budget is based on the consensus revenue estimate of $41.5 billion in tax revenue - a decrease of $208 million from last year’s consensus figure.