Connecticut to make business recruiting incentives more accessible

Gov. Dannel P. Malloy, joined by State Comptroller Kevin Lembo and Department of Economic and Community Development Commissioner Catherine Smith, today signed Executive Order No. 38 to make information regarding certain economic assistance and tax credits used to recruit or retain businesses more accessible to Connecticut residents.

Gov. Malloy issues executive order to increase transparency on economic development incentives

  • 1,114 companies have received or are receiving assistance through DECD programs, with 11,817 jobs to be created and 30,887 retained;
  • $475 million in direct financial assistance, not including tax credits, has leveraged about $1.9 billion in private sector investment;
  • Jobs Bill has encouraged the strengthening of the state’s workforce competitiveness, including $17.8 million in state bond funding to establish new Advanced Manufacturing Centers at three community colleges and the creation of the Subsidized Training and Employment Program which has helped 556 companies hire 1,976 previously unemployed individuals.

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