According to the report's authors, the challenge for Connecticut is to replace all 120,000 jobs lost since 2008 and to create substantially more--at least 50,000 net net--to retain and attract new workers, to change its demographic future. To do this, they recommend that the state "unleash existing stranded tax credits in a highly targeted program to drive economic growth. If the $2.5 billion in tax credits currently sitting unused and unusable on balance sheets could be redeemed ex post against the cost of major capital projects."
Given current labor force patterns and participation rates, with an aggressive expansion policy, Connecticut could effectively compete both to retain its own educated youth and to pull in thousands of new workers, significantly exceeding its previous employment level. In the longer term, together with the initiatives in place, aggressive use of the stranded tax credits would launch Connecticut on a long‐term dynamic path that would continue expanding employment opportunities for two or more decades.Source: The CT Mirror "Report: Aging workforce threatens state's economic recovery" (May 23, 2012)