2012 Survey of Connecticut Businesses

 11 th annual survey  Broad-based business survey including the following topics: business and economic conditions, workforce, risk management and public policy  Conducted in late May and early June 2012  580 responses  +/- 4.15% margin of error 2 About the Survey

3 Privately held - 46% Family owned - 41% Incorporated - 39% Limited Liability Corporations - 17% Minority owned - 8% Publicly held - 3% Foreign owned - 1% About the Survey Respondents

Business Profitability Profitability 4

Connecticut’s Greatest Assets for Businesses 5

Business Conditions Current and anticipated conditions for Connecticut businesses 6

New Product Development Companies adding a new product or service 7

8 Optimism on CT’s Economy Over Next Five Years Opinions about Connecticut’s ability to overcome problems and have a vibrant economy over the next five years

9 Top Business Concerns

Impact of 2011 Tax Increases 10

Opinion of CT as a Place to Operate a Business 11

Approached by Other States About Moving or Expanding Has your company been approached by other states about moving or expanding to their state within the last five years? Top Five States: 1.Virginia 2.North Carolina 3.Florida 4.South Carolina 5.Massachusetts 12

Moving or Expanding Companies considering moving or expanding to another state within the next five years 13

Companies hiring full-time non-replacement employees Potential to Add Employees 14

Retirement Outlook 15

 Positive signs that businesses in our state are becoming profitable again  Overall sentiment about Connecticut as a place to do business is still very negative  Our businesses are being aggressively pursued by other states  Our elected officials need to focus more than ever on legislation focused on attracting and retaining business and creating a positive business image for our state Summary 16

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