Business & Tech
CT Manufacturers See Grim Outlook
A recent survey found that businesses face serious challenges at home and are simultaneously being recruited to move or expand their operations to other states.
The Manufacturing Alliance of Connecticut (MAC)-led survey was conducted in Spring 2013 and collected opinion data from more than 200 manufacturers across the state.
“MAC and other organizations committed to the well-being of our industry undertook this project to learn more about how Connecticut manufacturers are faring and the challenges they face,” said Frank Johnson, President of MAC.
“We learned a great deal from the survey’s results. We think it is important to share the findings with Connecticut’s policymakers and the state as a whole, so we can work together to find ways to support an industry that is critical to our state’s economic future.”
Key survey findings included:
- Manufacturers rate the state’s economic conditions as poor and have little expectation of change.
- Most Connecticut manufacturers have been courted by other states.
- Sales in 2012 higher were higher than 2011, but not as high as hoped.
While employment levels are trending slightly upward, qualified employees hard to find.
State and federal hiring incentives unused by most manufacturers.
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