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New Haven Biz-January 2022

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HARTFORDBUSINESS.COM | NEWHAVENBIZ.COM | ECONOMIC OUTLOOK SURVEY ECONOMIC OUTLOOK SURVEY Do you anticipate having to raise wages to attract employees? Do you have plans to expand in 2022? By what percentage do you expect your employee base to grow in 2022? Answer Choices Responses Yes 54.72% No 14.33% Unsure at this time 30.94% Answer Choices Responses Yes, with new product lines 13.64% Yes, with expansion into new geographic territories 8.12% Yes, with new or expanded facilities 4.87% Yes, with a combination of some or all of the above 25.65% No 47.73% Answer Choices Responses Negative growth 3.28% No growth 28.20% 0.1% to 5% 45.25% 5.5% to 10% 17.05% 10.5% or more 6.23% Responses Responses Responses Yes No Unsure at this time 10.5% or more 5.5% to 10% 0.1% to 5% No growth Negative growth Yes, with new product lines No Yes, with new or expanded facilities Yes, with a combination of some or all of the above Yes, with expansion into new geographic territories 0% 0% 0% 10% 10% 20% 20% 30% 30% 40% 40% 50% 50% 20% 40% 60%

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