The Studies Are Consistent: Housing Creates Jobs, Revenue & Economic Activity
Housing construction and rehabilitation has been shown to have a substantial positive impact on the state’s economy, including the ability to help the state generate new revenues. Housing development creates jobs, particularly jobs in the construction and service industries. It also provides much needed housing for Connecticut’s moderate and low income households, making the state more attractive for workers and businesses.
Change in 25-34 Year Old Population
Data from the 2010 U.S. Census indicates that Connecticut remains close to the bottom in the crucial cohort of skilled, educated young labor pool.
This factsheet highlights the challenges Connecticut faces in terms of a lack of housing diversity and a lack of diversity in the age of the population, both of which inhibit the state's ability for economic growth.
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