December 14, 2010

Can Connecticut be in Several Places at the Same Time?

Yes, according to several recent studies ranking states according to different economic factors. For example, one study ranks Connecticut fifth with respect to innovation while another ranks it 47th with respect to business tax climate. A third study gives Connecticut mixed grades—it ranked us fifth with respect to workforce, but below the top 10 with respect to entrepreneurship, infrastructure, taxes and regulations, and other factors.

So, what gives? Obviously each study looks at different factors, and these factors reflect the authors’ theories about what makes an economy tick.