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Originally Posted by BPt111

The city of West Haven close for 1 day due to 8 million shortfall

https://www.wtnh.com/news/connecticu...day/1270426901

Ah, so that scratches West Haven off my list of places to buy a house. I see tax hikes in their future.

[JGBigGreen]

If you make the assumption that HQ2 is going to pay similar to HQ1 then it isn't unreasonable to think the average salary might be six figures at the second headquarters. Sure if you factor in the logistics/warehouse positions around the country the average salary is nowhere near that but, if you look only at HQ, the average salary for Amazon in Seattle was around $110,000 last year.

Originally Posted by MrGompers

There's no way in hell Amazon is bringing 50,000 jobs with an average salary of 100k. Maybe if they include Bezos billions they can get an average of 100k.


To reiterate again, a company that has 7 billion dollars in cash does not need tax breaks. And to top it off some of their employees will be getting welfare benefits because they don't earn enough.


If Amazon wanted to make a statement and help America they would locate in a depressed city like Detroit, Camden, Scraton, PA. and do it without tax breaks.


This system of socializing expenses is getting out of control. People need to wake up.

[JayCT]

Please stop discussing off topic matters and return to the topic of the OP which is the economic climate of Connecticut. JayCT, Moderator

[JayCT]

So it looks like the proposed $1 billon Energy and Innovation Park data center and fuel cell power generator is moving forward with construction slated to begin next year. Initially the park would generate 400 direct and indirect jobs with the potential to reach 20,000 jobs in the future. Will see. Jay

Malloy hails New Britain data center as tech industry draw | HartfordBusiness.com

[CT_Yank]

From BLS website,

"Over-the-year, wage increases in all four large counties in Connecticut were below the national increase of 3.9 percent. Fairfield County’s 0.7-percent increase ranked 325th among the 346 largest U.S. counties. (See table 1.) The wage increases in New Haven (2.5 percent), Hartford (2.6 percent), and New London (2.7 percent) ranked 227h, 213th, and 200th, respectively.

Nationwide, 339 of the 346 largest counties had over-the-year increases in average weekly wages from the fourth quarter of 2016. San Mateo, Calif., and Ada, Idaho, had the largest wage increases among the largest U.S. counties, up 11.5 percent, each. Seven large U.S. counties had over-the year decreases in average weekly wages. Clayton, Ga., had the largest percentage decrease in average weekly wages (-6.7 percent)"

[beerbeer]

Originally Posted by CT_Yank

From BLS website,

"Over-the-year, wage increases in all four large counties in Connecticut were below the national increase of 3.9 percent. Fairfield County’s 0.7-percent increase ranked 325th among the 346 largest U.S. counties. (See table 1.) The wage increases in New Haven (2.5 percent), Hartford (2.6 percent), and New London (2.7 percent) ranked 227h, 213th, and 200th, respectively.

Nationwide, 339 of the 346 largest counties had over-the-year increases in average weekly wages from the fourth quarter of 2016. San Mateo, Calif., and Ada, Idaho, had the largest wage increases among the largest U.S. counties, up 11.5 percent, each. Seven large U.S. counties had over-the year decreases in average weekly wages. Clayton, Ga., had the largest percentage decrease in average weekly wages (-6.7 percent)"

The modest increases in Connecticut are a reflection of the changes made at the national level that have improved the economy and GDP. Connecticut is simply being dragged along, slowed by it own bad decisions.

[BPt111]

Originally Posted by beerbeer

The modest increases in Connecticut are a reflection of the changes made at the national level that have improved the economy and GDP. Connecticut is simply being dragged along, slowed by it own bad decisions.

Well in 4 months CT will choose it new leader

[JayCT]

The State has decided to provide an early forgiveness of their loans to Jackson Labs in Farmington. Apparently Jackson has met and exceeded the minimum jobs requirements in the deal. The deal required 300 new jobs of which 90 had to be senior scientists. The lab employs 385 people including 142 senior scientists and is projected to have a total budget of $1.1 billion over the next 20 years. That is good to hear. Jay

CT forgives bulk of Jax debt four years early | HartfordBusiness.com

[JayCT]

Interesting article on how the towns of Greenwich, Stamford, Norwalk, Westport and Fairfield are getting together to market themselves and Connecticut to New York City businesses. Guess they feel the state is not doing enough so they got together and are doing their own thing. Hope it works. Jay

In Pursuit Of NYC Businesses, 5 Fairfield County Towns Go Their Own Way - Hartford Courant

[Stepfordct]

Originally Posted by JayCT

Interesting article on how the towns of Greenwich, Stamford, Norwalk, Westport and Fairfield are getting together to market themselves and Connecticut to New York City businesses. Guess they feel the state is not doing enough so they got together and are doing their own thing. Hope it works. Jay

In Pursuit Of NYC Businesses, 5 Fairfield County Towns Go Their Own Way - Hartford Courant

Good article, love how Malloy retweets it as if he had a part.
This group got together precisely because the state wasnt doing enough.