The CT Mirror (https://ctmirror.org/tag/economic-development/)
Connecticut’s legislators acted Wednesday for the second time in two years to require independent oversight of the millions of dollars in grants, loans, tax credits and other economic incentives extended to business, often a political flashpoint as states compete to attract and keep jobs. Continue Reading →
Most Republican legislators are expected Wednesday to support the Sikorsky Aircraft incentives deal negotiated by Gov. Dannel P. Malloy as a smart investment, while simultaneously arguing that the deal is necessary because of a high cost of doing business in Connecticut that they blame on the legislature’s Democratic majority.
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STRATFORD — With a press conference Wednesday of the lawn of Sikorsky Aircraft, Gov. Dannel P. Malloy took a step toward rewriting his economic legacy from being the governor blamed for driving away General Electric and hundreds of headquarters jobs to the one who stabilized Connecticut’s aerospace industry for a generation. Continue Reading →
Gov. Dannel P. Malloy and Lockheed Martin announced a tentative deal Monday to produce a new generation of Sikorsky heavy-lift helicopters in Connecticut at the cost of $220 million in financial incentives from the state and an agreement with its union workforce. The General Assembly is tentatively scheduled to consider the deal in special session Sept. 28. Continue Reading →
EAST HARTFORD — Facing an electorate that gave the General Assembly a 24-percent approval rating, the House Democratic Majority unveiled a campaign framework Tuesday that focuses on job creation and fiscal responsibility and downplays labor issues, such as raising the minimum wage and making the tax structure more progressive. Continue Reading →
The state Department of Economic and Community Development responded with reassurances Thursday to a recent news report that a major Fairfield County hedge fund — to which Connecticut just pledged $52 million in economic assistance — is slowing its hiring. Continue Reading →
Gov. Dannel P. Malloy’s administration on Thursday would neither confirm nor deny a media report that it was preparing an aggressive package of economic assistance to keep General Electric from moving its headquarters out of state. Continue Reading →
The top executive as Connecticut’s quasi-public economic development agency, Claire Leonardi, will step down next month, the board of directors for Connecticut Innovations announced Thursday. Continue Reading →
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. Continue Reading →
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. Continue Reading →
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. Continue Reading →
Despite their seeming ability to disagree about almost everything, Gov. Danel P. Malloy and Tom Foley share plenty of common ground about Connecticut’s future economic development. But it’s their respective track records that lead them to butt heads most frequently.
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Gov. Dannel P. Malloy announced a series of initiatives Monday to expand job training and small business assistance, particularly in the state’s cities, a key part of the governor’s political base. Continue Reading →
SPRAGUE – Near the gate of a doomed paper mill, Republican Tom Foley alighted from the back seat of a blue BMW sedan Tuesday to assail the economic policies of Gov. Dannel P. Malloy, only to find himself in a raucous street debate with the local first selectwoman and soon-to-be jobless workers. Continue Reading →
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. Continue Reading →