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Press Releases

Governor Lamont Announces Addition of Donald Kendall, Jr. and R. Adam Norwitt to CERC Board

Governor Ned Lamont and Connecticut Economic Resource Center, Inc. (CERC) co-chairs Indra Nooyi and Jim Smith today announced that Donald Kendall, Jr., co-founder and chair of Social Venture Partners Connecticut, and R. Adam Norwitt, president and CEO of Amphenol Corporation, have been voted to serve as members of the board of CERC, a nonprofit corporation that seeks to foster business formation, recruitment, and growth in Connecticut.

First-Ever “CT Economic Development Day/Week” to Feature Programs, Events and Activities Highlighting Intensifying Efforts Statewide

Connecticut’s intensifying economic development efforts will be front and center next week as the International Economic Development Council (IEDC)’s Economic Development Week and the U.S. Small Business Administration (SBA)’s National Small Business Week coincide and will be marked by an array of activities, events and programs highlighting the work underway throughout the state.

Optimism Struggles to Break Though as State Residents Have Mixed Views on Prospects for Improvement in State Economy, Jobs, Personal Finances

Federal Tax Changes Also Seen as Having Impact

The steady stream of news emanating from the State Capitol in regards to taxes and fees – and changes to federal tax laws - may be taking its toll on state residents’ view of their own and the state’s financial prospects, according to the latest InformCT Consumer Confidence Survey, as optimism continues to struggle to gain a foothold among state residents.

Governor Lamont Announces Stanley Black & Decker CEO and Yale School of Management Associate Dean Join Board of CERC

Governor Ned Lamont and Connecticut Economic Resource Center, Inc. (CERC) co-chairs Indra Nooyi and Jim Smith today announced that Jim Loree, president and CEO of Stanley Black & Decker, and Jeffrey Sonnenfeld, Sr., associate dean at Yale School of Management, are joining the board of CERC, a nonprofit corporation that seeks to foster business formation, recruitment, and growth in Connecticut.

Connecticut Residents Less Worried About State’s Economic Prospects, More Concerned About Their Own

State residents are becoming less worried about prospects for improved business conditions, employment and the overall state economy in Connecticut. At the same time, concern about personal finances is increasing, as reflected in reductions in short-term consumer spending. Looking further ahead, apprehension about long-term issues – such as health care, retirement, and jobs – has diminished, according to the latest quarterly InformCT Connecticut Consumer Confidence Survey.

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