[LateNiteCruisin]

Old money, will stay. The average Jo's will move on to greener pastures.

Originally Posted by Heel82

Connecticut is a bedroom community for the richest city in the history of the world. Y’all will have rich people. Trends still matter.

[Beeker2211]

Originally Posted by Heel82

Connecticut is a bedroom community for the richest city in the history of the world. Y’all will have rich people. Trends still matter.

Connecticut itself has two of the most productive metropolitan areas in the country.

[CTartist]

Originally Posted by Heel82

Connecticut is a bedroom community for the richest city in the history of the world. Y’all will have rich people. Trends still matter.

I don't know if it is the richest but it certainly is one of them. Most likely in the top 10.

Look what I found. You are correct.
https://www.valuewalk.com/2019/05/to...lthiest-cities

I really think "the money in NJ, CT and NY is fleeing down south" is a strategy by the Republican party to try to convince the folks in our Democratic states to turn Republican. And you know sometimes I almost buy it until I keep looking up stats like this.

[JimG2]

I dunno.... I just went to the Price Rite in New Britain. The apartment building going up on the former police department site is looking nice, but where are the renters supposed to park? Building location is not walkable to almost anything. I don't think there is enough space there for one car per apartment and most renters will be looking for two spaces.

[kidyankee764]

Originally Posted by CTartist

I really think "the money in NJ, CT and NY is fleeing down south" is a strategy by the Republican party to try to convince the folks in our Democratic states to turn Republican. And you know sometimes I almost buy it until I keep looking up stats like this.

There have been numerous sources that show this to be happening and it is not a political strategy. Politicians know very well they will never turn CT and NY into republican states.

[JayCT]

Originally Posted by JimG2

I dunno.... I just went to the Price Rite in New Britain. The apartment building going up on the former police department site is looking nice, but where are the renters supposed to park? Building location is not walkable to almost anything. I don't think there is enough space there for one car per apartment and most renters will be looking for two spaces.

It is walkable to CTfastrak so they can get into Hartford easily as well as things along the line like Stop & Shop, Walmart, Parkville and downtown. They also are near buses that can take people over to Westfarms, Corbins Corner and West Hartford Center.

The idea is for people to be less dependent on cars so less parking is needed. More and more renters are doing with one vehicle per household so it, at least in theory and from experience at similar complexes, should be fine. Jay

[beerbeer]

Originally Posted by Beeker2211

Connecticut itself has two of the most productive metropolitan areas in the country.

Yes, but they are legacy areas. They are not developing or attracting any growing businesses. The businesses that provide GDP are mature and looking at the border.

[JayCT]

Originally Posted by beerbeer

Yes, but they are legacy areas. They are not developing or attracting any growing businesses. The businesses that provide GDP are mature and looking at the border.

What businesses are not legacy? Connecticut has a growing biomedical industry. Our adaptation of technology for existing finance businesses is cutting edge. Our technology heavy defense and aviation industries are enviable. We have among the highest number of patients issued per capita. More importantly we have been named the sixth most innovative state in the country. Not bad. Jay

https://www.bloomberg.com/news/artic...nnovation-rank

[kidyankee764]

According to this article dated today, CT’s income growth ranks 48 out of 50. It rose only .6% while the national average was 2%.

But there is some good news and hope:

“Job numbers rive the income numbers,” he said, adding that Connecticut is one of just two states that still hasn’t recovered all jobs lost during the last recession.

And while Klepper-Smith and Carstensen both said Connecticut is at risk of slipping into recession over the next year, Carstensen added this state still has some positive economic momentum in one key area.

“There may be a silver lining in that we are real strong in the defense industry and they are ramping up right now,” he said, referring to job growth at Electric Boat in Groton, Pratt and Whitney in East Hartford and Sikorsky Aircraft in Stratford. “This could carry us a long way.”

https://www.google.com/amp/s/ctmirro...me-growth/amp/

[kidyankee764]

Originally Posted by Beeker2211

Connecticut itself has two of the most productive metropolitan areas in the country.

Two of the most productive would mean they rank 1 and 2. By GDP, CT’s most productive is Fairfield County at # 38 overall. Per capita, it ranks 4. Hartford is fairly far down on both lists.