State Comptroller Kevin P. Lembo has renewed his push to require an independent analysis of the hundreds of millions of dollars in economic incentives Connecticut provides annually to businesses.
Department of Economic and Community Development
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, Politics
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.
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 inPolitics
White House hopes to boost CT aerospace, shipbuilding
The Obama administration has given Connecticut special status when it comes to seeking federal grants that would help the aerospace and shipbuilding sectors.