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Nicastro Delivers Economic Development Plan

Nicastro speaking at a recent meet and great in Bristol

Nicastro speaking at a recent meet and great in Bristol

31st District, State Senate candidate Mike Nicastro highlighted his plan for moving Connecticut forward during a meeting with the North West Chamber of Commerce.

“In order for Connecticut to move forward we need to focus on five keys things; fiscal management, innovation, entrepreneurship, succession planning for small businesses and higher education,” said Nicastro who previously served as the President & Chief Executive Officer of the Central Connecticut Chamber of Commerce.

The North West Chamber of Commerce represents over 45 businesses within the 31st state senate district of Bristol, Harwinton, Plainville, Plymouth and Thomaston.

“We need to develop a fiscally sound budget and not treat it as a set-it-and-forget-it agenda item. Markets change daily and our budget needs to reflect this and be flexible.  It is imperative that we become innovative in our approach.” said Nicastro

Nicastro says Connecticut once held the status of being the most innovative state in the union. At some point we lost that sense of innovation in the way we govern. Part of our job as legislators has to be to celebrate and encourage innovation and as a result, inspire the entrepreneurs in our midst.

“The state is facing a phenomena known as the Silver Tsunami or the aging of the workforce. What is most startling about this is that close to 47% of small businesses are owned by residents who are 55 years of age or older and many lack a succession plan. We need to find a way to link these business owners with our best assets.  Namely, our young people living here in Connecticut. Not only does Connecticut boast a nationally recognized public flagship university in UConn but we also have four wonderful state universities, twelve community colleges and Charter Oak. Ninety percent of those students who graduate from our CSU system stay here in Connecticut. In order to maintain these assets we also need to support the state’s higher education system without hyper inflating tuition. Far too often we hand out diplomas with one hand and a debt the size of a mortgage with the other to our graduates. This approach is simply not sustainable.” said Nicastro

Nicastro is founder & Principal of Coppermine Advisors, LLC a firm focused on helping businesses with growth strategies, strategic planning and capital acquisition. He was previously the President & Chief Executive Officer of the Central Connecticut Chambers of Commerce.

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