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Lamont Unveils Detailed Plan to Create Jobs, Increase Economic Opportunity, Improve Business Climate

Ned Lamont, Democratic nominee for governor, today unveiled his detailed, five-part plan to create good-paying Connecticut jobs for Connecticut workers by increasing access to and quality of job training, reducing tax and regulatory burdens on businesses, investing in tourism and sparking an urban renaissance. 

“There’s no reason why the next wave of innovation can’t be unleashed right here in Connecticut,” said Lamont. “With the knowledge and experience I have running a business, I will be able to create an environment where startups and small businesses can thrive. My five-part jobs plan will revive our economy and create new job opportunities across Connecticut. It will be done by embracing Connecticut’s core values of education, opportunity and equality – not abandoning the very priorities that make Connecticut a great place to live, like Bob Stefanowski’s plan would do.”

In order to build a world-class economy, the state needs to attract and retain talented entrepreneurs who can be successful in launching and scaling new businesses right here in Connecticut. New businesses – from high-growth startups to small mom and pop stores on Main Street – account for nearly all the net new jobs created in the economy.

“As someone who has spent a career starting up and running small businesses, I know what it means to balance a budget, introduce creative solutions to solve difficult problems and invest for the future – all while treating employees fairly and ensuring they earn a livable wage. Our working environment has been unpredictable. We need to create a stable business climate that allows us to support companies here at home and train our workforce for the jobs of tomorrow,” Lamont said.

Lamont’s plan includes a variety of detailed proposals that fall into 5 categories:

  1. Cutting taxes and reducing regulations

  2. Increasing job training and workforce development

  3. Ensuring a fair economy for all

  4. Investing in Connecticut’s strengths

  5. Sparking an urban renaissance

As governor, Lamont would cut taxes that make it harder to run a business, reduce regulations on small businesses and make it easier to start up or expand a business in Connecticut. 

“By eliminating the business entity tax and exempting businesses with less than $10,000 in taxable personal property from the business personal property tax, we can make sure that our small businesses and startups stay here and grow here,” Lamont said.

By focusing on access to a skilled workforce and a modern transportation infrastructure, passing an honestly, balanced budget and holding the line on taxes, Lamont will help Connecticut spur economic growth. 

“Connecticut needs a governor who understands how to leverage all of our assets to bring new companies and talent to Connecticut. Before running for governor, I convinced Infosys to open a technology and innovation hub that will create 1,000 new jobs here in Connecticut. It didn’t happen by chance. It happened because we convened a group of business leaders including Travelers, the head of Aetna, the head of Hartford HealthCare, and the head of Stanley Black and Decker to convince Infosys to build its new training and innovation hub in Hartford,” Lamont said

As governor, Lamont would coordinate members of the education, labor and business communities to dramatically expand apprenticeship and pre-apprenticeship programs. By investing in and expanding the state’s vocational and agricultural technology high school systems, Connecticut can ensure its VoTech schools are integrated into the local economy and are in high demand by students.

“Today, a strong economy is a fair economy: one where workers earn a living wage, and one that supports women and people of color in the workplace and provides everyone with a chance to succeed,” Lamont said. “I will fight to close Connecticut’s gender wage gap and make sure everyone has access to paid family and medical leave so no one has to choose between caring for a loved one or paying their mortgage. I will be a champion for Connecticut and our residents every day, and together we’ll make this state a place where people want to live, work and raise their families.”