NewHavenBIZ

New Haven Biz-January 2022

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HARTFORDBUSINESS.COM | NEWHAVENBIZ.COM | ECONOMIC OUTLOOK SURVEY What's the biggest impediment to business growth in Connecticut? Will state government raise new revenues in 2022 to balance the budget? Do you approve of Gov. Ned Lamont's handling of the Connecticut economy? How will your firm's healthcare costs fare in 2022? What is your estimate for your company's bottom line (net income/profit) performance for 2022 compared to 2021? Answer Choices Responses Decrease more than 20% 1.65% Decrease 11 to 20% 2.64% Decrease 1 to 10% 11.22% No growth 18.81% Increase 1 to 10% 47.52% Increase 11 to 20% 11.88% Increase more than 20% 6.27% Answer Choices Responses Taxes 35.05% Cost of living 24.74% Energy costs 8.93% Regulatory process 11% Healthcare costs 4.12% Workforce shortage 16.15% Answer Choices Responses Yes 58.67% No 41.33% Answer Choices Responses Yes 68.52% No 31.48% Answer Choices Responses Decrease more than 20% 0.33% Decrease 11 to 20% 1.33% Decrease 1 to 10% 1.66% No change 23.59% Increase 1 to 10% 46.18% Increase 11 to 20% 23.59% Increase more than 20% 3.65% ECONOMIC OUTLOOK SURVEY Responses Responses Responses Responses Responses 0% 10% 20% 30% 40% Decrease more than 20% Decrease 11 to 20% Decrease 1 to 10% Increase 1 to 10% Increase 11 to 20% Increase more than 20% Decrease more than 20% Decrease 11 to 20% Decrease 1 to 10% No change Increase 1 to 10% Increase 11 to 20% Increase more than 20% Taxes Cost of living Energy Costs Regulatory Healthcare Workforce No growth 20% 30% 40% 50% 10% 0% Yes 0% 60% 80% 60% 40% 20% 0% 0% 10% 20% 30% 40% 50% 20% 40% No No Yes

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