Return of the Whaling Industry!

Posted on February 8, 2012. Filed under: Uncategorized | Tags: , , |

Have you noticed something unusual about the economy lately? Apparently, whales and whalers are making a comeback!

Whales and whalers?

No, New London is not resuming its historical role as a center of the whaling industry, though the sperm whale does maintain its designation as Connecticut’s official state animal. Today’s whales and whalers are fans of our professional hockey teams.

Many citizens of the Nutmeg State pine for the days of the Hartford Whalers, who played in the National Hockey League (NHL) until moving to North Carolina in 1997. As recently as last month, Governor Malloy was asked whether he could persuade the NHL to place a new team in the Capitol City.

Some Nutmeggers are even aware that the NHL’s New York Rangers franchise, which plays in Hartford today, is named the Connecticut Whale in honor of the state’s seafaring heritage. Many commentators have speculated that the name was also chosen to catch the attention of hockey fans who followed the original NHL franchise.

But few are aware that a new team has now begun its second season in the fledgling Federal Hockey League! The Danbury Whalers are battling foes from Brooklyn, Cape Cod, The 1,000 Islands, and four other regions for the coveted Commissioner’s Cup.

Unlike John Rowland, who focused heavily on luring the football Patriots to Hartford, Governor Malloy does not appear to be eager to invest government funds in professional sports. But considering his willingness to spend millions on projects like nanotechnology centers, might he consider allocating a few economic development dollars for our whales and whalers too?

Contributed by Michael Kraten, PhD, CPA, Accounting Professor at Providence College and President of Enterprise Mgt. Corp.


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