ORANGE, Conn. (WTNH) – Talk to business owners in Connecticut about the issues they face and you’re likely to hear a thing or two about how state taxes are too high.
Those taxes have been on the minds of many business-minded people in our state in 2015. It’s the motivating factor for why executives at General Electric said Tuesday they’re still moving forward with plans to transfer their headquarters out of the state. In a new report from Forbes ranking the “Best States for Business,” the Constitution State came in at #39 out of 50.
Why so low? Forbes gives Connecticut poor marks for business costs, regulatory environment, and economic climate. The state did however rank four in quality of life.
It’s one reason Alexsandra Benlock, owner of Guardian Art Gallery in Orange, decided to open up her tattoo parlor in Connecticut in May, but even she admits if lawmakers don’t do more to incentivize businesses to stay in the state, she’ll be forced to consider leaving.
“I want to, you know, make money, do good business,” said Benlock. “You have to go where that is going to work and if Connecticut doesn’t pretty much get their act together then you’re going to see more people moving out.”
But the owner of another Orange based company, Dean Volk of Clockwork Comics, tells News 8 taxes are only part of the problem. Volk is concerned that too many residents are leaving the state, lowering his customer base.
“The customers come and go, mostly go, but we do what we can,” said Volk.
Forbes gave the number one spot to Utah and in last was West Virginia.