Governor Malloy are you sure Connecticut is open for business?

Northrop Grumman announced on Friday that it plans to close its manufacturing facility in Norwalk, Ct.
The plant has been in operation under various owners since 1961.  Grumman is in the process of
consolidating its facilities located in Maryland and Illinois.  There are currently 315 Workers at the Norwalk Plant,
50 of those employees will be given an option to move to one of their other facilities.

Connecticut Gov. Dannel P. Malloy stated that the state has been preparing for cuts in the defense industry.
Malloy says the state is prepared to help its high-tech workforce make a successful transition.  Once again
the state is at the ready to make a deal with Northrop to slow down the process of closing down the Norwalk plant.
department will discuss the economics of Northrop’s decision and hopes to offer a package to delay the closing for some time, providing a chance that an uptick in the economy could produce more orders or allow the defense contractor to find new work for the facility.

Catherine Smith of the Depart of Economic and Community Development on Friday said that keeping
Northrop Grumman from closing down its plant was going to be an uphill battle.  Part of the discussions will
involve a benefits package to delay the closing beyond the year 2013.   So once again it appears to me at least
that the only way to keep a company from closing its doors is to bribe them with forgivable loans.

Something is seriously wrong with a state having to give forgivable loans to any company to keep them
here in the state of Connecticut or to even entice companies to come here to do business at all.

It would seem that the real solution to this problem would be to look at the state corporate tax structure and
make modifications to make Connecticut more appealing to companies.

10 replies
  1. stinkfoot
    stinkfoot says:

    Dan’l Malloy considers Corrupticut to be open but only to union business and certainly not to enterprises that would enable the little money trees (taxpayers) to escape his victory garden… as evidenced by the denial  of the application by Coutu Brothers Movers for expansion into North Stonington.  Perhaps if it were a union shop (I’m assuming that it isn’t) then the state would have been more open to them doing business as the actions of the state reflect intent to place increasing burdens on small businesses that have not contributed to state democrat campaign coffers or whose work forces are not represented by unions that have greased the wheels so to speak.
     
    His policies show that Dan’l Malloy couldn’t possibly be less concerned about the state of the state but for political purposes only he must continually pay lip service to job creation

  2. ali-t
    ali-t says:

    Tom, again, well done! Your posts are excellent.  Connecticut isn’t called the “sinkhole” state for nothing.  CT voters need to wake up and smell the coffee.  Oh wait, we can’t afford coffee anymore…..

  3. JBS
    JBS says:

    Another chicken leaving the roost. Never to be replaced.
    Unlike some politicians . . . (Hey, Stamford, want him back?)

  4. RoBrDona
    RoBrDona says:

    I personally know two sets of families that are winding up their businesses (large ones, both professional) and leaving. I would estimate about 30 jobs. They have had it. You can’t hire, you can’t expand, you can’t keep up with state taxes and fees and you can’t get anyone to listen.  

    • JBS
      JBS says:

      So true. I have seen the same thing myself.
      The state, particularly this current Malloy Regime, is pushing more and more businesses to close because of tax related issues. So sad.
      Malloy, et al, doesn’t care.
       

  5. Lynn
    Lynn says:

    The state of Connecticut has not been open for business for at least a decade. Espcially manufacturing small businesses. I’d give you the link, but frankly, I don’t have the 
    Stomach to read it again. 

  6. winnie
    winnie says:

    Ever since the 1980s when my Dad started his manufacturing business (with mom’s help & support, of course) CT has had a hostile corporate tax structure that punishes success.  I do not know why anyone would want to start a business in this state. 
    I wonder if it’s occurred to the democrats who want to give in to this corporate blackmail  that this may be the only way for these companies to stay in our fair state and this is the ONLY way a company can get a tax break in this state?  In an economy like this, every company — large and small — should be getting equal dispensation so that not one more job is lost to another state or lost for good.  If that’s fiscally impossible, then stop taking from our coffers and let these companies leave.  Malloy is only postponing the inevitable, anyway. 

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