1. Springfield’s Economy Continues to Outperform Hartford

    Springfield’s Economy Continues to Outperform Hartford

    Connecticut has had its share of economic challenges in recent years, including a slow but steady outmigration of residents. Many might not be aware, however, of how stark the differences are between Connecticut and Massachusetts when it comes to long-term job recovery from the Great Recession — including Springfield’s relative strength when compared to Hartford. Farmington Bank’s economic adviser recently broke down the numbers, painting a picture that should be encouraging to those north of the border.

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  2. Quotes

    1. State budget issues have undermined business confidence and promoted outmigration.
    2. We seem to be stuck in this 80% range for job recovery, and right now we're the only state in New England not to see full job recovery.
    3. I think the Connecticut economy seems to be moving sideways more than anything else, with pockets of both strength and weakness. We're seeing signs of decelerating in many of the economic metrics we have.
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