Connecticut Economic Analysis - February 2012
CCEA in the News - March 2012 |
CCEA partners with the
state's Clean Energy Authority
on a national SunShot initiative. |
March 22, 2012 - An award of $481,473 from the U.S. Department of Energy will provide installation-cost reduction research
for energy-saving solar panels, in a consortium including a mix of university centers and twelve cities and smaller towns.
CCEA and consortium partners will provide (1) a cost index of Photovoltaic (PV) materials, (2) analysis of participating towns' performance, and (3) a GIS web tool for PV financial and economic evaluation.
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February 17, 2012:
Connecticut's economy, with projected Real Gross Domestic Product (CTRGDP) around 2.65% for 2011,
appears on target to outpace the projected national rate of 1.85%. And Connecticut added 9,000 jobs
during 2011.
Going forward, CCEA anticipates the national growth to approach 2.6% in 2012, while anticipating
Connecticut growth to return to its historical pattern of lagging the national rate, with YoY
growth slowing to 1.7%.
Overall however, with several major building projects under construction, these initiative have the potential to
lift the state's economic performance, by even 1% in 2012 and 1.15% in 2013. Biosciences Connecticut, expansion
at the John Dempsey Hospital, the Jackson Laboratory may all lift Connecticut's economy. CCEA also suggests that
unleashing existing tax credit could provide an additional boost to the economy.
Read the Full February Outlook
See prevous reports in this Connecticut Quarterly Forecasts series.
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University of Connecticut |