United Technologies Corp. would launch a major $500 million investment in its research, training and corporate facilities later this year in exchange for $400 million in tax relief over the next two decades under a deal Gov. Dannel P. Malloy announced Wednesday.
UTC Power reaches the edge
While you were still busy clearing snow from the February blizzard, a storied piece of Connecticut’s business and energy history underwent a massive transformation. UTC Power, the fuel cell division of United Technologies was purchased by ClearEdge Power, a West Coast relative newcomer to the world of fuel cells that UTC all but invented.
Malloy praised by UTC exec who panned state business climate
Gregory J. Hayes, the prominent executive who rattled the political establishment a year ago by telling Wall Street that “anyplace outside of Connecticut is low cost” when it comes to doing business, gave a thumbs up Tuesday night to the new governor’s approach to finance and economic development. Gov. Dannel P. Malloy shared a stage […]