Biden’s ‘Industrial base’ order is big news for Eastern Connecticut’s growing economy
5 Jan 2022
Maritime Industry
Just a few days before Christmas, on December 21, President Joe Biden issued a Presidential Determination with little fanfare under the Defense Production Act of 1950 (DPA) that, despite its muted announcement, has an important and direct connection to the state of Connecticut. It was an extraordinary action by President Biden, and it’s the latest in a series of events that will resonate in our region’s growing economy for years to come.
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President Joe Biden's move last week to expand defense production capability could bring help to the region's submarine building industry, which has been hard hit by supply chain and manpower issues.
The Navy and shipbuilding industry have reported as recently as this month that they are dealing with supply chain issues, shortfalls...
This fiscal year was expected to be the first in which the U.S. Navy dipped into a “trough” in its submarine force, falling below the previous requirement for 48 attack subs and facing two decades of reduced numbers, with as few as 41 at times.
Instead, the Navy is...
Welcome, Offshore Wind Industry Cluster
Jan 3 2022It's no secret the pandemic decimated the state's tourism and service economies, and with the omicron variant now threatening to once again keep us at home more often, it's also not likely these sectors will soon fully recover to pre-pandemic level, despite new efforts to bolster tourism this winter...
