Catherine Smith

Recent Posts

For CT, strides and stumbles in quest to spur bioscience industry

Connecticut is losing more bioscience jobs than it is gaining, despite a sizable jump in research and development jobs over the last three years. Alexion’s departure is the latest in a line that has undercut bioscience growth. Nonetheless, many say New Haven is nearing a “critical mass” after years of effort by Yale and a new cluster is emerging in Farmington after more than $1 billion in state investment. Continue Reading →

Filed under: , , , , , , ,

Alexion reminds Malloy of the risks and rewards of corporate aid

Gov. Dannel P. Malloy picked the gleaming new New Haven offices and labs of Alexion Pharmaceuticals a year ago to highlight the returns Connecticut was getting on its economic development investments. On Tuesday, Malloy stood outside his office to answer questions about Alexion’s plans to slash jobs, close a Rhode Island production facility and relocate its headquarters to Massachusetts, while keeping a “Research Center of Excellence” in New Haven. Continue Reading →

Filed under: , , , , , ,

Malloy defends $35 million to hedge fund as investment

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 →

Filed under: , , , , , ,

Lockheed puts big number on cost of business in Connecticut

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 →

Filed under: , , , , , , ,

Malloy defends economic record, touts transparency initiative

Bloomfield – Gov. Dannel P. Malloy signed an executive order Tuesday authorizing a searchable website detailing who has benefited from $475 million in direct economic aid granted during his tenure, a concept opposed by a top administration official when proposed by Comptroller Kevin Lembo. Continue Reading →

Filed under: , , , ,