UTC’s Greg Hayes is the one leaving, but he left a parting gift for the governor.
UTC
Posted inEconomic Development
UTC’s exit: Relief & recriminations, but little introspection
Will Connecticut learn anything from UTC’s departure?
Posted inMoney
UTC consolation: Otis to remain, Pratt to hire 1,000
Greg Hayes Gov. Ned Lamont said Tuesday that the headquarters of Otis Elevator will remain in Connecticut after its spinoff from United Technologies Corporation, and the conglomerate intends to hire 1,000 workers at UTC’s Pratt & Whitney facilities in the state. Greg Hayes, the chairman and chief executive of UTC, shared that news with the […]
Posted inPolitics
Senate approves massive defense bill, but trims number of F-35s
WASHINGTON – The Senate late Monday approved a $716 billion defense authorization bill that trims the number of F-35’s the Pentagon can purchase this year, but allows for more spending on Electric Boat submarine programs and Sikorsky-made helicopters. “Five percent of our country’s defense spending is done in Connecticut,” Sen. Richard Blumenthal said.
Posted inNews
UTC chief quits Trump advisory group as White House disbands it
WASHINGTON — United Technologies CEO Gregory Hayes said he was quitting President Donald Trump’s American Manufacturing Council. “As the events of last week have unfolded here in the U.S., it is clear that we need to collectively stand together and denounce the politics of hate, intolerance and racism,” Hayes said.
Posted inMoney
Lovefest at UTC provides respite from Aetna news
Two days after Aetna said it was looking elsewhere for a headquarters, Gov. Dannel P. Malloy hailed the ongoing expansion of United Technologies Corp.’s East Hartford campus Friday. Dozens of UTC employees and others greeted Malloy with a standing ovation as he took the stage to celebrate completion of the company’s new “Innovation Hub.”
Posted inPolitics
Lawmakers say Sikorsky may leave UTC, but probably not CT
WASHINGTON – United Technologies Corp.’s decision to shed Sikorsky Aircraft sent tremors through the Connecticut congressional delegation, but there’s new optimism that whatever changes the company faces, it will stay in Connecticut.
Posted inPolitics
DeLauro reproves UTC chief over possible Sikorsky selloff
WASHINGTON – Rep. Rosa DeLauro, a Democrat who represents a congressional district that is home to Sikorsky Aircraft, blasted United Technology Corp. CEO Greg Hayes on Thursday, saying he is going back on his word to keep the helicopter maker in Stratford.
Posted inMoney
Malloy says new UTC leader committed to state
Gov. Dannel P. Malloy said Tuesday he was untroubled by the sudden rise of Gregory J. Hayes, who infamously denounced the Connecticut business climate to Wall Street investors in 2010, as the new chief executive of the state’s largest employer, United Technologies Corp.
Posted inPolitics
Gay rights group gives Connecticut companies high marks
The Human Rights Campaign, the nation’s largest gay rights organization, included 14 Connecticut companies in its 2015 Corporate Equality Index, an annual report that assesses inclusion of lesbian, gay, bisexual and transgender employees in major companies and law firms.
Posted inMoney, Politics
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.
Posted inMoney, Politics
Malloy signs aerospace investment act
Gov. Dannel P. Malloy signed a bill Friday that authorizes up to $400 million in tax breaks to United Technologies Corp. in return for the company’s investment of $500 million in four projects.
Posted inMoney
House OKs $400M tax break for UTC expansion
Connecticut moved one step closer Thursday toward providing up to $400 million in tax breaks to United Technologies Corp. to trigger a major UTC investment in its research, training and corporate facilities.
Posted inMoney, Politics
UTC expansion plan backed
The Finance, Revenue and Bonding Committee unanimously backed the governor’s proposed aid plan to UTC – designed to trigger a major corporate expansion in Connecticut.
Posted inMoney, Politics
UTC deal draws cautious responses at Capitol
Is it OK to offer big tax relief to a corporation that retains the option to cut thousands of jobs in the years to come?