[Cbeck80]

Pretty much a case study on why a hostile climate toward business and innovation isn't such a great idea...

https://www.bostonglobe.com/business...ITP/story.html

[kidyankee764]

Post # 1, interesting.

[BPt111]

I like those quotes

"But one key issue is that Connecticut hasn’t yet adapted to the demands of a modern economy.

"But Connecticut also has a natural disadvantage. It lacks a major city like Boston, with its mix of educational institutions and downtown businesses, pure research and market-facing companies, students and startups."

"These sorts of serendipitous connections have helped make Boston a nexus of economic energy in an era when cities are attracting new residents and driving economic growth all over the country."




https://www.bostonglobe.com/business...ITP/story.html

[HumpDay]

Those cities like NYC and Boston are gaining traction again after decades of decline and decay. Massive suburban growth in the northeast is not like what it used to be. The younger generation in particular are more attracted to larger cities because of those well known institutions like Harvard and MIT. Baby boomers like myself grew up with cities being the epicenter of crime and the origin of the War on Drugs. It wasn't as pleasant of a place as it was now. Times are changing and what's also changing is how business is conducted. The typical suburban office parks are a thing of the past. Many businesses now and GE is a good example where they would much rather be located in a more vibrant community with things to do close by. It's based upon convienence now...

[Mr_250]

The real question is...

Do you want ebbs and flows that cities like Boston offerwhere when there is a recession Cities see massive decline

Or

Do you want a state like Connecticut that is very stable no matter what the world economy?

I don't like the flavor of the week, if rather have stability like CT offers.

[htfdcolt]

Originally Posted by Mr_250

The real question is...

Do you want ebbs and flows that cities like Boston offerwhere when there is a recession Cities see massive decline

Or

Do you want a state like Connecticut that is very stable no matter what the world economy?

I don't like the flavor of the week, if rather have stability like CT offers.

I don't think Boston saw a big decline during the 2008-09 recession. CT may be stable but the question is it hanging on to an "old economy" structure (e.g. aerospace, insurance)...even those, barely with the recent mergers...which will prevent it from reaping the benefits of new growth industries? That's where MA is excelling right now IMO--biotech, software, medical devices, security, etc.

[JayCT]

Originally Posted by Cbeck80

Pretty much a case study on why a hostile climate toward business and innovation isn't such a great idea...

https://www.bostonglobe.com/business...ITP/story.html

Actually this is not the case in all of Massachusetts. Sure Boston and the communities directly tied to its economy are doing very well but go out to the cities and towns not directly connected and you see a different story. Cities like New Bedford, Fall River, Lowell, Springfield and Lawrence have issues similar to Connecticut. Also note that southwest Connecticut is doing very well economically as it pretty much always has so it can be argued the differences are not all that great. Jay

[Raider111]

Originally Posted by HumpDay

Those cities like NYC and Boston are gaining traction again after decades of decline and decay. Massive suburban growth in the northeast is not like what it used to be. The younger generation in particular are more attracted to larger cities because of those well known institutions like Harvard and MIT. Baby boomers like myself grew up with cities being the epicenter of crime and the origin of the War on Drugs. It wasn't as pleasant of a place as it was now. Times are changing and what's also changing is how business is conducted. The typical suburban office parks are a thing of the past. Many businesses now and GE is a good example where they would much rather be located in a more vibrant community with things to do close by. It's based upon convienence now...

Suburban office complexes are doing just fine around here, Rt 7 (Wilton/Norwalk), Shelton,Trumbull, Long Ridge/High Ridge areas of Stamford, among others.

[BobNJ1960]

Originally Posted by HumpDay

Those cities like NYC and Boston are gaining traction again after decades of decline and decay. Massive suburban growth in the northeast is not like what it used to be. The younger generation in particular are more attracted to larger cities because of those well known institutions like Harvard and MIT. Baby boomers like myself grew up with cities being the epicenter of crime and the origin of the War on Drugs. It wasn't as pleasant of a place as it was now. Times are changing and what's also changing is how business is conducted. The typical suburban office parks are a thing of the past. Many businesses now and GE is a good example where they would much rather be located in a more vibrant community with things to do close by. It's based upon convienence now...

Mayors like Giuliani brought cities back to life via increased safety. If relatively safe, cities defeat suburban sprawl every single time.

[Mr_250]

Anyone see this coming? Bristol-Myers said in 2015 they are keeping 400 to 500 jobs in CT after they close the Wallingford facility. Now, they are moving entirely out of CT. That's a major hit to the are. These are not low wage jobs and pay very well. Bristol Myers-Squibb closing Wallingford facility, leaving Connecticut

I saw signs of this a couple weeks ago when the 3 people I know who work there all put their homes for sale.

Not good. Looks like CT more jobs to Boston.