2015 | Doing Business in Connecticut 73
SPONSORED REPORT
jobs in other parts of the state's
economy (RIMS II Multipliers).
According to the 2014-2015 Eco-
nomic Report of the Governor, Con-
necticut manufacturers spent $1.27
billion in capital expenditures in 2011
and added $25 billion to the state's
GSP. And, every $1 spent in manufac-
turing generates $1.35 in additional
economic activity.
"In most cases, manufacturing
generates a broader swath of eco-
nomic activity than nonmanufactur-
ing sectors," says Gioia. "Manufac-
turing begets services, not the other
way around. And a vibrant manu-
facturing sector leads to significant
indirect job creation."
A Great Place to Live and Learn
Connecticut's excellent quality
of life is an important factor in the
state's potential to succeed in the new
economy.
Forbes magazine ranks Connecticut
as having the third best quality of life
among all states. In addition, Connecti-
cut is the number one healthiest state
in the country and has the highest
personal income per capita of any state
(2015 Connecticut Economic Review).
When it comes to educational op-
portunity and attainment, few states
can compete with Connecticut, which
received a number five ranking from
CNBC for access to quality education.
In addition, Connecticut beats the
national average in multiple levels
of educational attainment, including
having nearly 50% more adults with
advanced degrees than the rest of the
nation on average.
All of these factors make the
Connecticut a desirable location for
business investment and the highly
educated, high-skilled workforce
needed to drive the state's economic
growth now and for years to come.
