Fiscal Crisis Brings David Osborne Back to Connecticut

Monday, February 2, 2009
2:00 p.m. – 4:00 p.m.
Northeast Utilities, Berlin, CT

Best-selling author David Osborne has been invited to share budget options with Connecticut’s Executive and Legislative leaderson Monday morning.  CERC invites you to join him on Monday afternoon at Northeast Utilities from 2-4 p.m. to discuss how private sector and institutional leadership should play a role in Connecticut’s fiscal and economic future.

To secure your spot – RSVP to Natalie Rosenbaum by Friday, January 30, at nrosenbaum@cerc.com or 860.571.7136.

Talking Economic Development at an Environmental Summit

I was pleased to be asked to participate in a panel at the recent League of Conservation Voters (LCV) Environmental Summit.  The conference title this year was Linking the Environment, Economic Development & Investment in Connecticut.  I want to congratulate LCV for choosing this theme and for their willingness to play an important role in the dialogue on sustainability.  The three other panelists were Commissioner Joan MacDonald from the Department of Economic and Community Development and Deputy Commissioners Amey Marrella and Al Martin from the Department of Environmental Protection and Department Of Transportation, respectively. 

We do, of course have to link the environment and economic development if we are to continue sustainable development in Connecticut.  But, too often we revert back to our more comfortable positions of being either pro-environment or pro-development and assuming that sustainability is not possible.

The subtitle of this year’s summit was: The need to make sustainability the cornerstone of our economic renewal, yet I sensed some discomfort as our panel began and the emphasis was on development and growth – I surmise this is not typically the theme of most LCV meetings.

One of my major thrusts was to suggest that we all need to look at issues through the sustainability screen, not the environmental or development screen.  This means recognizing that some development may have to occur in environmentally sensitive areas and some preservation may need to occur in what might seem to be the perfect place for development. In other words we need to balance environmental and development considerations.

Because we do not have a strong responsible growth plan for that state that ensures sustainability yet, we find it hard to yield our more traditional positions.  I used the example of Tweed Airport – an existing transportation asset that was built 80 years ago in tidal wetlands.   I happen to believe that we need a second commercial airport that complements service at Bradley serving the southern part of Connecticut. But, in the absence of a process to determine whether development of Tweed, in the context of other strategic transportation development in the state and environmental impacts makes sense, the default decision is based on the environmental regulations not sustainability.

If we had a strong smart growth plan and established goals that balanced the need for transportation infrastructure with environmental considerations, then it might be easier to agree on a plan for Tweed development in the broader context as well as other developments that main aid Connecticut’s economic growth in the future.

Bob Santy
President and CEO

So we are facing a fiscal crisis in Connecticut, now what?

That is exactly what the attendees of CERC’s 4th annual Research and Policy Conference, Connecticut 2020: Fiscal Implications of Economic & Demographic Change were asked to explore after hearing from two experts on the state of Connecticut’s economy and projections for the year 2020 if we stay on our current course. 

In case you missed the conference, feel free to view the conference, courtesy of CTN.   In addition, the accompanying materials and photos are from the conference.

•  Baseline scenarios and fiscal implications presented by Jeff Blodgett, VP of Research, CERC (powerpoint)
• Transforming government: Survival in the age of permanent fiscal crisis presented by David Osborne, Public Strategies Group (powerpoint)
• Policy Briefs

Stay tuned for our final report (due in January) exploring the outcomes of the facilitated discussions at the conference and policy recommendations to steer Connecticut out of a fiscal crisis!

Welcome

The CERC Blog features discussions about economic development topics, including policy, research, marketing and business development, among others.  We look forward to hearing comments from our readers and to creating connections among the economic development community.