Recent U.S. Supreme Court decisions, including last month’s ruling in Dobbs v. Jackson that eliminated the constitutional right to abortion, have curtailed federal authority on issues from women’s health to environmental protection and vaccine requirements. State policies on those and other issues could soon vary widely around the country, turning “social capital issues” into bargaining chips for each state in their attempts to woo businesses and create economic opportunities for their residents.
Last Friday, Gov. Ned Lamont called on businesses in states that limit abortion access to consider relocating to Connecticut. By Tuesday, after the holiday weekend, Connecticut’s business development organization, AdvanceCT, was already fielding new interest.
“We have received at least one inbound inquiry from a company in Ohio, owned by a woman, who said, ‘We’re outta here,’” said Peter Denious, chief executive of Advance CT. “‘The governor’s message was awesome, and we want to learn more about Connecticut because we’re seriously considering moving.’”
More states than ever find themselves in a position to afford tax cuts, in part because the onset of Covid created only a V-shaped drop-off in revenues.
Long derided as ‘flyover country,’ the nation’s industrial core is again taking flight, thanks to chips and EVs, pragmatic politics, seismic shifts in manufacturing and a deep rethink of the global supply chain. China who?