Daum, now deputy commissioner and chief investment officer of DECD, oversees state investment in local economic development projects.
DECD
Posted inEconomic Development, Money
Lamont’s first try at COVID-19 relief: 0% loans for small businesses
A plan to help people who have lost their jobs is slated for debut later this week.
Posted inEconomic Development, Money
Trump wants normalcy. Lamont, Cuomo warn the worst is yet to come
President Donald Trump told America it will soon be time to go back to work. If only, say the governors.
Posted inHealth
Testing still slow as 7 more coronavirus cases confirmed in Connecticut
The number of Connecticut residents confirmed to have the COVID-19 coronavirus more than doubled in the last 24 hours.
Posted inEconomic Development
Best of 2019: Connecticut looks for a future in its manufacturing past
After a quarter century of wrenching change and loss, Connecticut sees manufacturing as an engine for growth.
Posted inEconomic Development
Connecticut looks for a future in its manufacturing past
After a quarter century of wrenching change and loss, Connecticut sees manufacturing as an engine for growth.
Posted inEconomic Development
UTC’s exit: Relief & recriminations, but little introspection
Will Connecticut learn anything from UTC’s departure?
Posted inEconomic Development
Connecticut steps away from big-ticket incentives
When it comes to economic development, Gov. Ned Lamont says that the state is largely out of the business of big-game hunting.
Posted inPolitics
Senate confirms David Lehman at economic development
The Connecticut Senate voted overwhelmingly Wednesday to confirm the nomination of David Lehman as commissioner of economic and community development, ending nearly a two-month debate over Lehman history as a Goldman Sachs partner,
Posted inPolitics
Lamont: DECD nominee unfairly tainted by ’08 collapse
Gov. Ned Lamont delivered a full-throated defense Monday of David Lehman, saying his economic-development nominee is unfairly tainted by his tenure at Goldman Sachs.
Posted inMoney
A secret, public-private campaign lures Infosys to Hartford
Infosys, an India-based information technology company undergoing a major expansion in the U.S., named Hartford on Wednesday as one of its new technology-and-innovation hubs, promising an estimated 1,000 new jobs to a city struggling to broaden its employment base and a morale boost to a state intent on drawing a share of the next generation of technology jobs. The selection came with a great back story.
Posted inMoney, Politics
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.
Posted inMoney, Politics
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.
Posted inMoney
Henkel to move business from Arizona to Stamford, with state aid
Henkel, a German manufacturer of soaps, beauty products and industrial sealants, is expanding operations in Connecticut by moving its laundry and beauty divisions from Scottsdale, Ariz., to Stamford with the assistance of up to $20 million in forgivable loans from the state’s “First Five Plus” program.
Posted inMoney, Politics
Call it corporate welfare or investment, Malloy says it pays off
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.