CBIA

Gov. Ned Lamont and other state officials are headed to Germany next week to discuss local business expansion opportunities with German companies, his office announced. https://ow.ly/nteK50SAyNj

There is a new way for women in STEM to connect in Connecticut. The Million Women Mentors database offers mentorship for women in manufacturing and other STEM fields. The initiative will foster “collaboration and knowledge-sharing among women at all levels of industry,” says SCSU’s Dr. Colleen Bielitz, Ph.D. #STEM #manufacturing #womeninbusiness #mentorship Connecticut Office of Manufacturing ElevateHER CT's Women Manufacturing Advisory Council Southern Connecticut State University, Million Women Mentors CT Chapter

As we look ahead to another expected heatwave next week, the U.S. Department of Labor is proposing the country’s first major regulation related to heat exposure in the workplace. The proposed plan requires employers to identify and evaluate heat risks, develop emergency response plans, and train employees about signs and symptoms of heat illness. #OSHA #safety #heat

Advanced technologies developer and CBIA member Carillon Technologies is expanding its presence in Connecticut with two new subsidiaries in the New Haven area. “The New Haven area, in particular, offers an attractive combination of highly skilled engineering and programming talent, amenities for employees, and a supportive business environment,” Carillon CEO John D. Evans tells the Hartford Business Journal. #technology #cteconomy #innovation #engineering #programming #workforce

Students at Talcott Mountain Science Center & Academy are spending their summer building s’mores ovens made out of pizza boxes, understanding DNA, and making working robots and 3D printed chess pieces. State Rep. Tammy Exum joined CBIA’s Ashley Zane, Paul Amarone, and Rebecca Nolan on a tour of the facility to see how the lessons the students are learning now are setting them up for success throughout their lives and careers. Our thanks to Jeff Martin and Christine Buhler for the tour. #STEM #learning #transformCT

ICYMI: C4 Communications ' Colombo DiSalvatore III joined the CBIA BizCast to share how he started the company, why he's passionate about growing the business in Connecticut, and the lessons he learned from his father that have helped his success along the way.  “We try to go into our clients, we try to add value, and help solve problems,” DiSalvatore says. Check out the full episode: ▶️CBIA website: cbia.biz/C4 ▶️YouTube: https: https://lnkd.in/eH-G7cZ2 ▶️Spotify: https://lnkd.in/eqFxY9g3 ▶️Apple Podcasts: https://lnkd.in/eHdU9Zdf #BizCast #smallbusiness #cteconomy

The big decline in Connecticut's business friendliness rank largely reflects a series of recent policy decisions imposing or expanding costly workplace mandates—coupled with inaction on a transformative, bipartisan bill giving hundreds of thousands of small business employees access to quality, affordable healthcare. While it's heartening to see top 10 rankings for education and quality of life, we can—and must—do more to lower the state's high cost of living and make it much easier and less costly to start and run a business here. #connecticut #topstates #business #smallbusiness #transformCT

The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1% from May, putting the 12-month rate at 3%, around its lowest level in more than three years, the Labor Department reported Thursday. The all-items index rate fell from 3.3% in May, when it was flat on a monthly basis. Excluding volatile food and energy costs, so-called core CPI increased 0.1 % monthly and 3.3% from a year ago, compared to respective forecasts for 0.2% and 3.4%, according to the report from the Bureau of Labor Statistics. The annual increase for the core rate was the smallest since April 2021. Read more of the CPI data: cnb.cx/4f16Tf2

Connecticut fell one spot to 32nd in CNBC's just-released 2024 America's Top States for Business rankings. Top 10 ranks for education (4th, up nine spots) and quality of life (up one to 9th) were offset by concerning declines in business friendliness (39th, down 23 positions) and technology and innovation (down 12 spots to 25th). Cost of living dropped one spot to 32nd while Connecticut remains the eighth costliest state in the country to run a business. #connecticut #business #smallbusiness #transformCT

Connecticut has withheld over $7.5 billion from core state programs since 2022 to pay down pension debt and build reserves, a total that exceeds 30% of the entire General Fund. However, despite these efforts, state employees have received 4.5% annual raises, which often outpace the private sector and sometimes inflation. #ctbudget #stateemployees