“They better be worried,” Carstensen said of state officials. “Physical proximity of a headquarters to manufacturing facilities is definitely a factor companies consider.”
A number of factors could have persuaded the company to locate the factory elsewhere, said Donald Klepper-Smith, an economist with DataCore Partners.
“Economic development these days speaks to cost structures,” Klepper-Smith told Hearst. “Forty percent of your long term job growth is a function of the cost of doing business. And when it comes to Connecticut, businesses are being incentivized to look elsewhere.”