Connecticut May See Economic Growth In Post-COVID World, Business Leaders Say
The former head of a southern Connecticut business group expects robust economic growth in the region after COVID-19.
Joe McGee ran the Business Council of Fairfield County before it shut down in March due to the pandemic. McGee is bullish there will be a robust post-COVID economic recovery in the greater New York City area. That includes Connecticut, where a lot of New Yorkers have moved in recent months. He says corporate headquarters and other facilities are considering moving to the state as well.
“I think a lot of people who wrote off the suburbs 10 years ago, they are living out here and they realize this is a high quality of life. We’ve got good schools, a safe environment, and you can do business here. It’s not that Manhattan is going to decline. I think the region grows again. And I think the challenge for Connecticut is to provide the housing for a wide range of incomes.”
David Lehman, state economic development commissioner, is cautiously optimistic about a robust recovery.
“How the state has managed through the crisis and how the governor has handled that in particular I think is helpful. And a lot of what we have to offer is more desirable now than it was almost four months ago.”
Lehman says some smaller businesses of 20 to 50 employees have already inquired about relocating to Connecticut.