Business, economic development leaders praise state’s deal with Electric Boat

9 May 2018

Economic Development

Tony Sheridan said it's "really going to have an impact on everything and everybody." John Beauregard said he couldn't be prouder. Chris Jewell called it "wonderful news."

Local business leaders and economists were effusive in their praise of the Tuesday morning announcement of a partnership between the state and Electric Boat.

The deal involves $83 million in state funding to EB: a $35 million loan for machinery and equipment, $20 million in tax exemptions, $8 million for workforce development and $20 million for dredging.

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