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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 inEconomic Development, Money

For CT, strides and stumbles in quest to spur bioscience industry

Connecticut is losing more bioscience jobs than it is gaining, despite a sizable jump in research and development jobs over the last three years. Alexion’s departure is the latest in a line that has undercut bioscience growth. Nonetheless, many say New Haven is nearing a “critical mass” after years of effort by Yale and a new cluster is emerging in Farmington after more than $1 billion in state investment.

Posted inPolitics

State historian: CT’s hardship after the Revolution provides lessons for today

When Connecticut joined 12 other colonies in declaring independence from Great Britain on July 4, 1776, little did it know that it would emerge from the Revolutionary War facing an unprecedented structural economic crisis that would threaten the state’s fiscal future. How Connecticut emerged from that crisis can serve as lesson for the structural economic challenges the state faces today, says Walter W. Woodward, the state historian.

Posted inMoney

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.