State Senator L. Scott Frantz Applauds Passage of Bill Enhancing Connecticut’s Economic Competitiveness

June 8, 2009

Hartford, CT – State Senator L. Scott Frantz (R-Greenwich) today applauded the passage of SB 881: An Act Concerning International Commerce. The bill passed the Senate last month and moved through the House last week. The legislation will foster economic growth by helping Connecticut companies develop international trade agreements and includes language in an amendment that would require the Department of Economic Development (DECD) to compile a brief, user-friendly summary evaluating the national economic competitiveness of the state of Connecticut.

The amendment on SB 881 mirrored a bill proposed by Senator Frantz at the start of this year’s legislative session. The original bill, SB 50: An Act Concerning the Competitiveness of Connecticut as a Place to Do Business, requires the DECD to submit a brief, dashboard summary on the state’s economic vitality as it relates to job creation and business growth.

“While our nation and state remain in this fiscal crisis, it is very easy for us to lose hope and a clear picture for future economic growth and progress,” said Senator Frantz. “However, I am confident that we will emerge from this deep recession and when we do, we must be ready to capitalize on every opportunity to make our great state economically stronger. I believe it is absolutely vital that right now we begin to determine ways to achieve this objective. This bill does so by providing a very clear review of our competitive positioning and how to improve and it does so in a concise manner with no excess cost to the state.”

The annual report will include specific information on how Connecticut’s programs and policies affect the state’s business environment, how other states are working to improve their own economic competitiveness and recommendations on how Connecticut can improve its reputation as a place to do business.

“More than party affiliation or anything else, we need to be focused on bringing jobs and businesses to our state,” said Senator Frantz. “I want to thank Senator LeBeau for his leadership work on this amendment, and I am proud the bill will be heading to the Governor’s desk. Going forward, it will provide another tool our state can use to evaluate and ensure that we are doing all we can to keep industry and most importantly, the jobs that go with it, right here in the great State of Connecticut.”