Economy could rebound with responsible spending, a lowered cost of doing business
HARTFORD, Jan. 9, 2018 – NFIB, the leading small business association in the state, applauds Governor Ned Lamont for his optimistic outlook for Connecticut’s future and his belief that state spending and debt must be addressed head-on. The following comments may be attributed to Andrew Markowski, state director of NFIB in Connecticut which advocates on behalf of thousands of small businesses in the state.
“If Gov. Lamont restores confidence in the future of Connecticut’s economy it could be the key to small business growth. When business owners don’t fear higher taxes are just around the corner and state spending is controlled, they are much more willing to expand their operation and hire additional employees. That’s important because small businesses are a large part of Connecticut’s economy, creating almost half of the state’s jobs.
“NFIB is hopeful that the legislature will listen to Gov. Lamont’s call to rein in spending. But adding one-size-fits-all labor mandates like minimum wage and paid leave will significantly hurt small businesses, and in turn, hurt the state economy. That’s because, unlike big businesses, they don’t have the financial or human capital it takes to comply.”
