New Concerns

An unconfirmed report suggesting Aetna is considering moving its headquarters from Hartford to New York City is sending shockwaves through the state capitol as lawmakers try to develop a budget for the next two years.

There is concern about job loss, but there is also concern that the departure of General Electric to Boston and this possible move by Aetna, tells a bigger story about how the business community views Connecticut as a place to set up shop. Lawmakers tend to develop budgets based on short-term political calculus. A move by a Connecticut stalwart like Aetna would indicate corporate worry about long-term stability.