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…
economic incentives
The Department of Economic and Community Development offers loans, grants and business tax credits to qualifying businesses under a variety of program intended to boost economic activity and jobs in the state. But according to…
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…
Days after United Technologies announced it will move its corporate headquarters to the Boston area following a merger with Raytheon, a new policy paper from the Yankee Institute highlights many of the mistakes made by…