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Doing Business In Connecticut 2017

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2017 | Doing Business in Connecticut 57 Sources: 1 National Association of Manufacturers CT Data, December 2015; 2 FY 2016-17 Biennium Economic Report of the Governor; 3 Connecticut Department of Revenue Services FY 2014-15 Report; 4 RIMS II Multipliers; 5 2014-15 Economic Report of the Governor; 6 Bureau of Economic Analysis, Industry-by-Industry Total Requirements Table MANUFACTURI NG' S ECONOMIC P OWE R I N CONNECTICUT EMPLOYEES 162,800 Manufacturing employees in Connecticut 1 MANUFACTURERS 4,152 Manufacturing establishments 1 WAGES $ 13.6B Total manufacturing wages 2 $ 95,671 Average manufacturing compensation in Connecticut 1 EXPORTS $ 15.35B What Connecticut manufacturers export in products 1 TAXES $ 180.6M Connecticut sales & use taxes paid in 2014 3 $ 103M Connecticut corporate taxes paid in 2013 3 DEFENSE $ 11.8B What Connecticut manufacturers bring in defense contracts (2013) 2 MULTIPLIERS 1.5 to 4 ADDITIONAL JOBS What each manufacturing job creates in other parts of the state's economy 4 $ 1.27B Amount manufacturers spent in capital expenditures in 2011 5 $ 1.35 Amount generated in additional economic activity for every $1 spent in manufacturing 6 $ 27.8B Amount manufacturing adds to Connecticut's GSP (2013) 2

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