Department of Economic and Community Development

Recent Posts

Malloy defends $35 million to hedge fund as investment

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With $35 million in economic incentives for a Greenwich hedge fund manager, Gov. Dannel P. Malloy showed once again he is more willing to accept criticism for the price paid to keep high-paying jobs in Connecticut than to risk seeing them depart for New York. Continue Reading →

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Lockheed puts big number on cost of business in Connecticut

Lockheed Martin vice president Lawrence Duncan III, left, talking to Republican Reps. Charles J. Ferraro of West Haven and Ben McGorty of Shelton.

Legislators say a senior Lockheed Martin official told them in private meetings Monday that $200 million in incentives the company wants for its Sikorsky Aircraft subsidiary are needed to help offset the $400 million more it would cost to produce CH-53K helicopters in Connecticut in coming years rather than in competing states. Continue Reading →

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Call it corporate welfare or investment, Malloy says it pays off

Gov. Dannel P. Malloy released his economic-development assessment in New Haven.

NEW HAVEN — Gov. Dannel P. Malloy gave an upbeat assessment Tuesday of what Connecticut is getting for the $256.6 million in direct state assistance he’s given to some of the world’s biggest and richest corporations, investments often made in the face of genteel blackmail — the knowledge another governor may be waiting with a competing offer. Continue Reading →

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