economic development

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A unanimous House votes for oversight bill vetoed last year

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 →

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GOP: Deal to keep Sikorsky in Connecticut is good and bad news

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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In a turbulent year, Malloy makes a soft landing at Sikorsky

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 →

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Sikorsky, Malloy cut tentative deal to produce new helicopter in Connecticut

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 →

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House Democrats outline agenda with a pro-business flavor

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 →

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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. Continue Reading →

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Malloy, Foley on economy: some harmony amidst discord

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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A Tom Foley press conference goes awry in Sprague

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 →

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