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.
DECD
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.
Posted inMoney, Politics
Malloy tries to catch a favorable tide at Electric Boat
The politics of eastern Connecticut rise and fall with the economic tides on the Thames River, where Electric Boat has designed and built submarines for the U.S. Navy since the dawn of undersea warfare. And, lately, those tides have been rising.
Posted inMoney, Politics
State to help finance Electric Boat expansion
WASHINGTON – Gov. Dannel Malloy is set to announce the Department of Economic and Community Development will provide Electric Boat $10 million in assistance to help the submarine maker purchase one of the buildings that housed Pfizer before the pharmaceutical company moved out of the state, a congressional source said.
Posted inMoney, Politics
Malloy administration resumes ads promoting economy
The administration of Gov. Dannel P. Malloy is spending $403,963 to air television ads in October promoting Connecticut as a place to do business, putting a positive view of the state on regional TV at the height of the governor’s re-election campaign.
Posted inMoney, Politics
Do ads promoting the CT economy help Malloy?
The administration of Gov. Dannel P. Malloy began a $569,637 television campaign Monday promoting the state as a place to do business, drawing complaints from a Republican gubernatorial candidate over plans to run some of the ads on cable systems and stations in Connecticut.
