By Caitlin Emma
As Gov. Dannel P. Malloy and legislators prepared for next week’s special session on jobs and the economy, the Connecticut Business & Industry Association released a survey today estimating that barely half of businesses in Fairfield County expect to turn a profit this year.
“It’s certainly the single strongest county in the state,” said Peter Gioia, vice president and chief economist of CBIA. “On one hand we’re concerned that profits are low, but there’s still confidence in economic outlook.”
The survey said about 53 percent of Fairfield County businesses expect to turn a profit, compared to an estimated 60 percent in 2010. Despite low and worsening profitability, 38 percent of those surveyed said they expect their businesses to improve and 40 percent think their business will remain stable.
“Those positive numbers have got to be noted,” Gioia said.
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