Economic Development

Recent Posts

Malloy defends his legacy on jobs growth and borrowing

In an impromptu valedictory address on his economic and fiscal policies, Gov. Dannel P. Malloy defended his economic record and use of state borrowing Tuesday, saying public investments drove private-sector job growth to new heights, improved Connecticut’s municipal schools and public universities, and strengthened its cities. Continue Reading →

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Malloy defends investment record at penultimate Bond Commission meeting

Gov. Dannel P. Malloy, keenly aware of the unwelcome role his record is playing in the campaign to succeed him, spent one of his final State Bond Commission meetings Thursday defending state borrowing made during his tenure to promote economic development statewide and help Connecticut’s struggling capital city. Continue Reading →

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Malloy does what legislators won’t: Orders $10 million study of tolling

Modern tolls use overhead gantries like this one on the Massachusetts Turnpike (Arnold Reinhold / Creative Commons)

Gov. Dannel P. Malloy ordered state agencies Tuesday to develop a comprehensive, $10 million study of electronic tolling that would examine pricing, locations, and the potential to capture revenue from out-of-state motorists. Continue Reading →

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A crash course on luring sports betting from the shadows

It was an eclectic audience at a seminar to learn about a business still illegal in Connecticut, if for the moment. There was an OTB guy from Suffolk, N.Y., a casino and horse-track general manager from Ruidoso Downs, N.M., the Harvard-educated consumer-protection commissioner of Connecticut, and three silent observers from the National Hockey League.
The agenda: How to make a buck by taking bets on sports. Continue Reading →

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Among Connecticut cities and towns, the wealthiest are the big spenders

While Connecticut’s distressed cities often are perceived as having bloated budgets, the wealthy suburbs easily outspend their urban neighbors on a per capita basis, sometimes by margins nearing two-to-one. More importantly, shrinking state aid, a lack of revenue diversity and an over-reliance on a regressive property tax system threaten to widen tremendous disparities that already exist between Connecticut’s poorest and richest communities. Second in a series. Continue Reading →

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