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Tag: Connecticut Department of Economic and Community Development

Connecticut’s tourism industry experiences 5.5% sales growth

Tax revenue from the sector for calendar year 2017 was $2.2 billion, including $960 million in state and local taxes.

Lamont taps Goldman exec to oversee state’s new economic development strategy

David Lehman, a managing director at Goldman, will serve both as the state’s new commissioner of the Department of Economic and Community Development  and as the governor’s senior economic adviser.

CT accepting applications for brownfield remediation grants

The latest round of funding will see an investment of up to $4 million for remediation projects, with up to $1 million of that amount reserved specifically for assessment projects.

DECD acknowledges errors in report about job creation, tax credits

The inaccuracies include overstating the number of jobs, failing to collect certain required information and reporting estimates that were off by tens of millions of dollars in 2017.

Gartner leases more space in Stamford, will add 400 jobs

The Department of Economic and Community Development is supporting the project with a $5 million loan for leasehold improvements and other expenses.

CT government predicts addition of over 110K jobs through 2026

Driven by an aging population, the health care sector is expected to show the strongest growth.

CT housing permits up significantly from a year ago

Last month’s figures found 201 permits issued for single-family homes and 190 approved for apartment complexes with at least five units.

Fairfield County Five readies new pitch to NYC firms

According to Fairfield First Selectman Mike Tetreau, the five member municipalities contribute 22 percent of the total income tax revenue to the state, while the county overall contributes 42 percent.

KPMG relocating in Stamford, adding 110 jobs

The Connecticut Department of Economic and Community Development is supporting the business expansion in Stamford with a $3 million grant in arrears for leasehold improvements, equipment and other project-related costs.

Bridgeport gets brownfield remediation grant

Since 2011, Connecticut has invested $225.6 million in 170 brownfield projects located in 72 municipalities across the state.

PwC expanding Stamford location, promises 400 new jobs

The Connecticut Department of Economic and Community Development will provide up to $9 million in grants for training, equipment, and leasehold improvements at PwC’s 300 Atlantic St. location.

Electric Boat commits to investing over $800M in state

As part of the agreement, the company will more than double its spending on in-state suppliers, many of which are in Fairfield County.

Economic and Community Development Dept.’s flawed math exposed by state auditors

The Auditors of Public Accounts' preliminary review says the DECD provided inaccurate or unsupported information about job creation and tax credits in its annual report.

5 county municipalities included in ‘opportunity zone’ nominations for low-income funding

Qualified census tracts are those that have a poverty rate of at least 20 percent of a median income that does not exceed 80 percent of the area median income.

Baby product company Mayborn Group relocating from Mass. to Stamford

Mayborn owns baby essentials brand Tommee Tippee, which it says is the leading infant-feeding brand in the U.K. and Australia, and is the fastest-growing bottle brand in the U.S.