Lawmakers expanded the governor’s proposed 25% business tax credit for child care costs to go toward donations to nonprofit providers.
Economic Development
Stories about business growth in Connecticut across industries including health care, child care, manufacturing and film.
Posted inEconomic Development
Sikorsky drops challenge after losing Army helicopter contract
Members of CT’s congressional delegation say they’ll keep pressing the Army for answers on why it chose Textron Inc.’s Bell instead of Sikorsky.
Posted inEconomic Development
CT food deserts: In 24 towns, no stores accept food stamps
CT lawmakers are weighing solutions, including a food access advocacy office and tax incentives to grocery stores opening in food deserts.
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Sikorsky challenge to Army helicopter contract is denied
The Stratford-based company had filed a protest to the Army selecting Textron Inc.’s Bell to build the successor to the Black Hawk helicopter.
Posted inEconomic Development
CT, feds seek limits on non-compete agreements across industries
The CT bill would ban non-compete agreements for most workers earning less than three times the minimum wage.
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CT considers ‘truth in lending’ rules for some fintech companies
CT would require certain alternative lenders to disclose the estimated APR on loans to their customers, which are often small businesses.
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Lamont signs executive order on strategic plan for CT child care system
Gov. Ned Lamont has created a blue ribbon panel to craft a strategic plan for Connecticut’s child care system by the end of this year.
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Pratt & Whitney F135 engine gets big boost in Biden budget
The president’s 2024 budget request would opt to modernize the engine for the F-35 fighter jet instead of looking for a replacement.
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CT theaters want tax credit to lure Broadway pre-tour production
Performing arts leaders are pushing lawmakers to approve a tax break for traveling theater productions that choose to “tech” in Connecticut.
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CT could see major boost from nuclear submarine deal
Australia would acquire up to five Virginia-class subs built in part by Electric Boat in CT, but challenges remain to meet the demand.
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CT now a battleground in fight over minimum wage at restaurants
CT is one of 13 states considering applying the minimum wage to restaurants. Wait staff currently earn a minimum of $6.38 per hour plus tips.
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Tech is changing Connecticut manufacturing. Can businesses keep up?
State leaders are working to coordinate industrial and academic efforts to adopt AI, big data and robotics. It’s no simple task.
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CT film tax credit: Some want to cut it, some want more
Some lawmakers want to get rid of a tax credit program designed to encourage film production in the state — but others want to expand it.
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Questions remain over Sikorsky bid for Army helicopter contract
Members of CT’s congressional delegation say they have received vague answers about why the proposal from Bell was selected over Sikorsky’s.
Posted inEconomic Development
New Connecticut economic development chief faces headwinds
Amid unsettling news from Lego, Lockheed-Martin and Digital Currency Group, Alexandra Daum says the key to growth is telling CT’s story.