Fairfield County Business Journal 020116

Page 1

FAIRFIELD COUNTY

BUSINESS JOURNAL February 1, 2016 | VOL. 52, No. 5

5 | 50 YEARS OF LAW

13 | SPECIAL SECTION: HEALTH CARE

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

westfaironline.com

Women and science under the microscope A FRESH PERSPECTIVE ON THE STATE OF HEALTH CARE, 2016. STORY AND PHOTOS PAGE 6. Sharon C. Kiely, senior vice president for medical affairs and chief medical officer, Stamford Hospital. Photo by Bob Rozycki

Stumbling toward prosperity BARNUM FORUM SEES OPTIMISM, BUT FINDS HARTFORD GENERALLY WOEFUL BY BILL FALLON bfallon@westfairinc.com THE ANCIENT SCOURGE OF TAXES along with GE’s flight to the tax-friendly clime of Boston

served as the foundation for Barnum Financial Group’s business and economic forum on Jan. 26 at Gateway Community College in New Haven.

The dais featured Peter Gioia, vice president and economist for the Connecticut Business and Industry Association; John Ermer, partner with accounting and business consulting firm Beers, Hamerman, Cohen & Burger, with offices in Fairfield and in New Haven; and Kent Hanley, executive vice president, William Raveis Real Estate in Shelton. It was Gioia who led the charge against the state’s anti-business legislation. “We’re in recovery at roughly the same rate of recovery for the United States. The problem is we’ve been behind the national rate for quite some time. What holds us back are our own self-inflicted wounds. The legislature, with its repeated antibusiness moves, pre-

vents the kind of investment that can supercharge our growth. “What we need is a moratorium on antibusiness policy moves and a determination to create a sustainable pattern of spending that matches expected revenue,” he said. “If we do that, we have a chance to grow.” He said, “Connecticut struggles with the economy like every other state. But the other states are outsmarting us. They’re a lot smarter with public policy.” He said the state does not instill confidence in business. With confidence in the equation, “If things are not that good, but there’s a good indication things will get better, people will invest.” Gioia said during one of three presentations, one from each pan-

elist, “The fiscal situation is the biggest problem. I as a business owner need to feel confident I’ll make money this year and in 10 years in order to make this investment. If all you see is the potential for things to get worse in competition with other states that seem to be getting better, better, better, you’ve got to say, Where’s the safest place to invest my money?” Gioia also ticked off regional positives. They included growth in commercial aerospace and Defense Department manufacturing; a finance industry that “has stopped hemorrhaging jobs and is showing modest growth;” “a super-productive, well-educated work force” and location. “All that’s pretty strong,” he said. » FORUM, page 7


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