A Slice of Reality for Governor Malloy

Governor Malloy recently announced, during his budget speech, that “Connecticut is open for business.”

Sadly, reality disagrees.

While Connecticut smarts over the loss of 1,100 jobs at Pfizer Inc.’s Groton research facility, Massachusetts will end up on the winning side, gaining hundreds of coveted, often highly paid drug research jobs.

As the pharmaceutical giant moves neuroscience and cardiovascular research units to Cambridge, Mass., it expects to create 450 jobs in the Bay State and eliminate about 100, for a gain of 350 positions there, a senior Pfizer research executive said Wednesday.

Just for the record, what sort of jobs are these?

The workers include scientists, chemists, biologists and technicians — and are jobs that are seen as crucial not only to Connecticut’s current economic recovery but its future as a center for biotech research and development.

The real kicker is, that opposed to Governor Malloy’s “First Five” initiative…

“A Pfizer spokeswoman said Massachusetts did not kick in any financial incentives that influenced the move.”

When a company moves its operations to the city of Cambridge, aka the People’s Republic of Cambridge, you’re not “open for business.”  You’re not even playing for keeps.

10 replies
  1. Plainvillian
    Plainvillian says:

    Governor Malloy's use of a sports analogy for attracting new business may point to Pfizer's reason for moving.  Could it be they sought an intellectual/university environment with more emphasis on science rather than on basketball/sports?  Just askin'.

  2. winnie888
    winnie888 says:

    I don't blame Pfizer or any other company for leaving this state.  Between CT taxes and unions (i.e. machinists union & Pratt) this state isn't attractive to anyone seriously looking to do business on a small or large scale.

  3. RoBrDona
    RoBrDona says:

    Who exactly are Progressive Socialist utopias fun for? The protected parties under the wing of the government. No one else.

    Unfortunately I can't leave this state for another four years, but I am already planning.

  4. Dimsdale
    Dimsdale says:

    Rhetorical question of the day: is it “outsourcing” when a company leaves one state to go to another for exactly the same reasons one might take his/her business to another country?
    ?
    Who do the Dems blame now?

  5. sammy22
    sammy22 says:

    I thought that MA was called Taxachussets. How could it be possible that Pfizer goes there. Maybe taxes are not only thing that companies are looking for when they move operations.

  6. Dave in EH
    Dave in EH says:

    Come up into the current era, Sammy — Taxachusetts is so 1998.

    CT has the latest “tax freedom day” now.

  7. sammy22
    sammy22 says:

    Hey Dav in EH, it looks like you don’t read the posts from the MA contributors. And, tell us why Pfizer is moving 1100 jobs to Cambridge. Could it be because of the college basketball scene there ? UConn had a chance a couple of years ago to get a research facility, but nooooo…….

  8. Dave in EH
    Dave in EH says:

    Obviously you didn’t read too closely.

    ~1100 jobs are leaving the state, ~350?of which will be reconstituted in Cambridge.

    Now, as for which state has the worse tax issues, Tax Freedom Day arrives in Massachusetts on April 14th and doesn’t arrive in CT until April 27th, nearly two weeks later.

    http://www.taxfoundation.org/taxfreedomday/

    Now, as for Pfizer’s reasoning, I am sure that taxes were only a part of the pie.? That said, the taxes in this state, our supplantation of Massachusetts as the most taxed state regionally and even coming in behind California (April 14th),?New York (April 23rd) and New Jersey (April 25th) means Connecticut shouldn’t hold its breath, waiting for businesses to relocate here and has no business being surprised should they opt to move out.

  9. Dimsdale
    Dimsdale says:

    It is interesting how I always see cars with CT plates filling up at MA gas stations, then proceeding to the nearby stores to do their shopping.  When Malloy raises gas taxes once again, I don't doubt I will see more.

     

    I would tell you what my property taxes are here in MA, but I don't want to depress you.

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