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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Gov. Dannel P. Malloy on Tuesday announced a "historic," long-term partnership between the state and Electric Boat that involves an $83 million investment by Connecticut, with a commitment from the submarine builder to add jobs and spend hundreds of millions on capital improvements in Groton.
The partnership will "build...
As an industry, arts and cultural events and productions pumped $9 billion into Connecticut’s economy in 2015, generating more money than utilities and construction, according to new figures from the U.S. Department of Commerce.
The arts and culture account for 3.5 percent of the state’s economy, which is dominated...
The Economic Development Commission toured Groton’s future development sites by bus on Thursday, learning about each site from Economic Development Manager Paige Bronk.
“This way, when we’re talking now we all have the same vision, through his eyes,” Commission Chairwoman Catherine Young said.
The tour stopped at Mystic...
