The Department of Economic and Community Development, which awards low-interest, forgivable loans and tax credits to businesses, has been all too forgiving and generous, according to a new audit. Loans and tax credits made to…
David Lehman
A bill that would award a massive tax break to data centers is being fast-tracked through the Finance, Revenue and Bonding Committee and will receive emergency certification for a vote in the House of Representatives…
Global financial services giant UBS AG received $11.4 million in loan forgiveness from the state of Connecticut after cutting roughly 1,300 jobs, according to both a state audit and information listed on the Connecticut Open…
The Department of Economic and Community Development was cited by state auditors for forgiving or modifying state loans to companies totaling $23.6 million and awarding $16 million in excess assistance through the First Five Plus…
Connecticut received a “B” rating in a new report that ranks states based on the transparency of economic development incentives given to businesses to either move into, or remain, in the state. It was the…
A whistleblower complaint filed by a former employee with the Department of Economic and Community Development alleges the department is keeping delinquent and unpaid loans on the books through loan modifications and additional loans in…