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REDFO 20x17 Presentation
1.
2. What is CT20x17?
Businesses, community
organizations, government &
individuals coming together to
boost Connecticut’s
competitiveness
by improving work and life.
3. CT20x17 Leadership & Partners
Steering Committee
10 Working Groups
Business Organizations
Community Organizations
Businesses Across the State
Connecticut Residents
4. Why CT20x17?
• State at an economic crossroads
• Lagging in regional, national economic
recoveries
• Some progress in talent development,
infrastructure, technology, regulatory reform
• National reports consistently rank our
business climate at the bottom
• Our businesses and residents are leaving
No longer acceptable!!
5.
6.
7. We Need to
Pay Attention.
We Can No Longer
Ignore the Numbers.
11. CT 20x17 Working Groups
State Spending & Taxes
Budget & taxes, financial discipline, long-term debt & liabilities,
debt per capita, credit ratings, govt. streamlining, reform, efficiency
Business Costs
Labor (wages & benefits), healthcare, energy, real estate,
workplace mandates
Transportation & Infrastructure
Capacity, usage, condition; options available; energy supply reliability
& diversity; internet connectivity
Economy
Levels of employment/unemployment, income, state GDP,
exports, housing, growth prospects
12. CT 20x17 Working Groups (continued)
Regulatory Environment
Business friendliness, balance of environmental,
business interests; regulatory, legal & liability climates;
workplace mandates
Workforce
Public education, higher education, achievement gap,
job training & retraining programs; talent availability
Technology & Innovation
Entrepreneurship, business incubation, financial
support, research & development, patents
13. CT20x17 Key Priorities
Talent
• Fully implement state education reforms
• Better leverage investments in public higher education
• Stronger links between college curriculum and workforce needs
to address skills gap
Fiscal Issues
• Focus on lean government operations
• Reduce long-term debt
• Create more competitive tax structure
• Establish ROI measurements for projects
Transportation
• Identify & accelerate priority infrastructure investments
• Protect Special Transportation Fund
• Invest in CT Railway infrastructure (lines, hubs & parking)
14. Business Costs
• Lower energy costs, improve capacity & efficiency,
seek diverse portfolio of fuel sources
• Reject unnecessary mandates; measure business impact
• Eliminate sales tax on business services
Red Tape
• Expand efficiency practices to all government agencies
• Follow through on comprehensive regulatory reforms and
provide online updates on the state website
• Develop and promote a business-friendly attitude
CT20x17 Key Priorities
15. CT20x17 Outreach & Engagement
February-July, 2014
• Print, radio, outdoor, digital advertising
• Business, community, media outreach
• Social media
August-November, 2014 (election focus)
• Outdoor, radio, print, digital
• Business, community, media outreach
• Social media
• Direct mail
• Grassroots
• Legislative forums
• Debate sponsorships
22. CT20x17 Outcomes
70 organizations have signed onto the campaign
Lots of interest across the state, including state
agencies, DECD and Governor’s office
More than 100 meetings with candidates and
newly elected legislators at company locations
Businesses are energized and want to do
something to help
23. CT20x17 Next Steps
Finalize recommendations & strengths
CT20x17 launch with legislators in mid-January
Next phase of public awareness campaign
Statewide job fair in June 2015
Issue progress reports throughout session on
recommendations
Conduct speaking engagements across state
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