Hartford Business Journal Special Editions

NBT 2025 Survey

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HARTFORDBUSINESS.COM | JANUARY 13, 2025 A3 SURVEY ECONOMIC OUTLOOK ECONOMIC OUTLOOK THE 10TH ANNUAL Survey: HBJ readers more optimistic about 2025 H ow far will interest rates go down in 2025? What impact will a second Trump administration have on the economy? Will the labor shortage continue to ease? Those are some of the major economic ques- tions as we start the new year. Hartford Business Journal readers are more optimistic about 2025 than they were a year ago. In fact, 51.2% of HBJ readers say Connecti- cut's economy will improve significantly or slightly this year. A year ago, 43.6% of readers predicted the economy would improve in 2024. Meanwhile, 22% of readers expect the state's economy to decline in 2025, while 26.7% expect no growth. Those were some of the findings from Hartford Business Journal's 2025 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 11,100 HBJ Today subscribers. The unscientific results were gath- ered over a three-week period in November and early December, garnering 255 responses. Of those surveyed, 80% said they work at privately-held companies and 65.3% said their business has fewer than 50 employees. The results provide a window into how the state's economy will perform in 2025. We hope you find the survey results informa- tive, and we wish you good luck and health in the year ahead. Greg Bordonaro Editor Hartford Business Journal Tel: (860) 236-9998 | Fax: (860) 570-2493 Copyright 2020. All rights reserved. Peter Stanton | CEO, pstanton@nebusinessmedia.com Tom Curtin | President, ext. 124, tcurtin@hartfordbusiness.com Subscriptions Annual subscriptions are $132.00. To subscribe, visit HartfordBusiness.com, email circulation@ hartfordbusiness.com, or call (845) 267-3008. Advertising For advertising information, please call (860) 236-9998. Please address all correspondence to: Hartford Business Journal, 100 Allyn Street, Suite 3, Hartford, CT 06103 Stay Connected For breaking and daily Greater Hartford business news go to: www.HartfordBusiness.com HBJ on Twitter: @HartfordBiz HBJ on Facebook: www.facebook.com/HartfordBiz HBJ on Linkedln:www.linkedin.com/company/the-Hart- ford-Business-Journal Daily e-newsletters: HBJ Today, CT Morning Blend: www.hartfordbusiness.com/enewsletters Editorial Greg Bordonaro | Editor, ext. 139 gbordonaro@hartfordbusiness.com Drew Larson | Web Editor, ext. 121 alarson@hartfordbusiness.com Beat: Energy Michael Puffer | Staff Writer, ext. 145 mpuffer@hartfordbusiness.com Beats: Real Estate, Economic Development, Banking & Finance David Krechevsky | Staff Writer, ext. 702 davidk@hartfordbusiness.com Beats: Health Care, Bioscience Harriet Jones | Staff Writer, ext. 145 hjones@hartfordbusiness.com Beats: Manufacturing, Cannabis, Professional Services Stephanie R. Meagher | Research Director Heide Martin | Research Assistant Steve Laschever | Photographer Business Tom Curtin | Publisher, ext. 124, tcurtin@hartfordbusiness.com Jessica M. Quinn | Associate Publisher, ext. 137 jquinn@hartfordbusiness.com Emily Paskind | Senior Accounts Manager, ext. 133, epaskind@hartfordbusiness.com Dean Zappalorti | Senior Accounts Manager, ext. 101, deanz@hartfordbusiness.com Sadie Bride | Senior Accounts Manager, ext. 141, sbride@hartfordbusiness.com Tracy Rodwill | Human Resources Manager trodwill@nebusinessmedia.com Production Bartosz Zinowko | Production Director, ext. 147 bzinowko@hartfordbusiness.com 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 and at additional entry points.

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