HARTFORDBUSINESS.COM | NEWHAVENBIZ.COM | ECONOMIC OUTLOOK SURVEY
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Hartford Business Journal (ISSN 1083-
5245) is published bi-weekly, 27x per
year — including two special issues in
November and December — by New
England Business Media, LLC, 100 Allyn
Street, Suite 3, Hartford, CT 06103.
Periodicals postage paid at Hartford, CT
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NEW HAVEN BIZ (ISSN 2639-605X), is
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reserved.
Survey: HBJ readers are more bullish
about 2022
I
t goes without saying that the last 20 months have been
challenging, as COVID-19 and its variants have impacted
every business in every sector.
The good news is vaccination rates are high in Connecticut,
hopefully helping the state beat back the virus, and HBJ's
readers are more optimistic about 2022 than they've been in
a long time.
In fact, 66% of HBJ readers say Connecticut's economy will
improve next year. Last year, only 42% of HBJ readers predicted the economy
would improve in 2021.
Meanwhile, 71% of readers think the state's economy is in better shape than
it was a year ago, while nearly 50% say they plan to hire additional staff in
2022.
Those were some of the findings from Hartford Business Journal's 2022
economic outlook survey, the results of which are featured in this special
pullout section.
The survey, sponsored by NBT Bank, was emailed to more than 10,000 HBJ
Today subscribers. The unscientific results were gathered over a three-week
period in November, and garnered 313 respondents.
Of those surveyed, 76% said they work at privately-held companies and 65%
said their business has fewer than 50 employees.
The results provide a window into how the region's economy will perform in
2022.
Other notable survey results include:
■ 46.5% of respondents said they can't find qualified workers to fill open
positions, confirming that the workforce shortage still remains a drag on
the economy.
■ 55% of respondents said they will have to raise wages in the year ahead to
attract employees.
■ Despite concerns about office space downsizing, nearly 65% of
respondents said they don't plan to make changes to their real estate in
2022. Yet, 70% of respondents said they will allow their employees to work
from home this year on a part- or full-time basis.
We hope you find the survey results informative and we wish you good luck
and health in the year ahead.
ECONOMIC OUTLOOK SURVEY
Greg Bordonaro
Greg Bordonaro
Editor
Hartford Business Journal/New Haven Biz
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