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Dan Malloy on Corporations
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Invest state funds in businesses that preserve in-state jobs
[In a debate] at the Garde Arts Center in New London, chiding Gov. Malloy for Connecticut's sluggish economic growth, Foley said: "You did run this state into a ditch. You've broken this economy." He added, "You simply don't have solutions."
Complaining about what he called overly generous state investments in corporations during Malloy's tenure, Foley said, "The idea of the governor and his staff negotiating with a very sophisticated group of businesspeople--I'm a little worried for
Connecticut taxpayers."
Foley listed corporations he said had eliminated jobs in Connecticut over the last three and a half years. Malloy countered that the decision to invest hundreds of millions of dollars in businesses had preserved
jobs in the state. Somewhat awkwardly, he specifically defended his dealings with Pfizer by noting that the daughter of the company's president "was an intern on one of my campaigns."
Source: N. Y. Times on 2014 Connecticut Gubernatorial debate
, Oct 17, 2014
Businesses should suggest which state regulations to abandon
One of the contrasts Malloy makes with his Republican predecessors Rell and Rowland is the pace and level of investments made by the Department of Economic and Community Development. He soft-pedals the big investments his administration has made in major
corporations, such as the $71 million package of grants and loans that enticed Cigna to expand here and declare its Bloomfield campus as its national headquarters. Republicans have indicated they intended to make "corporate welfare" an issue next year.
Source: The Connecticut Mirror on 2014 Connecticut Governor race
, Dec 18, 2013
Small Business Express Program: grants for 944 companies
It's not every day that a governor promotes a startup company's line of nutrition supplements. Then again, it's not every day that a nutrition-supplement company promotes a first-term governor's re-election. Both happened as Gov. Malloy toured
ThinkitDrinkit, a Hartford startup that's received more than $430,000 in economic assistance and job-training funds as it has hired 26 workers at hourly rates ranging from $15 to $20."This is how you build the economy in the long run,"
Malloy said, pointing to ThinkitDrinkit as one of 944 small companies that have received grants and cheap loans from the Small Business Express Program.
Malloy accepted a sample drink from a young woman who wore a white lab coat
with a large button featuring the company logo and "Malloy 2014!" The same message was written on a whiteboard in the company's test kitchen.
Source: The Connecticut Mirror on 2014 Connecticut Governor race
, Dec 16, 2013
First Five program: leverage public to private funding
First Five program: leverage public to private funding
We must compete for every single job. With that mindset, we've begun to tackle the challenge of economic development in a holistic way. Our First Five program, along with the addition of Jackson Laboratories, has leveraged $180 million in public
First Five program: leverage public to private funding
and it was because they were leaving.
On Main Streets across Connecticut, the Small Business Express program is giving local employers the chance to expand and create jobs.
Source: 2013 Connecticut State of the State address
, Jan 9, 2013
Page last updated: Oct 05, 2018