Some good news for Connecticut!

Posted on July 13, 2011. Filed under: Uncategorized |

Ah, it’s nice to post some happy news from time to time.

The news on Connecticut obviously isn’t all good – the layoffs have started coming for state workers, and a new Office of Fiscal Analysis report demonstrates that without the concessions deal, the savings from the big consolidations meant to reduce state government only add up to 1/20th of one percent of this year’s budget.

But in brighter news – yesterday marked a success for Governor Dannel Malloy when CIGNA officially became the first company to take advantage of Malloy’s First Five. The First Five program, signed into law by Malloy, offers tax incentives to big corporations that add at least 200 jobs in Connecticut.

CIGNA will move its headquarters from Philadelphia to Bloomfield and add 200 jobs; this $100 million endeavor will give the insurance company up to $47 million in benefits and incentives from the state.

Welcome, CIGNA!

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