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Malloy, Deloitte Join to Create Jobs

The company hopes to bring up to 500 new jobs to the state by 2018.

 

Gov. Dannel P. Malloy joined representatives from Deloitte, the "largest professional services organization in the United States," to talk jobs Wednesday afternoon. 

Between 200 and 500 of them, to be exact.

Gov. Malloy's First Fifteen program — before its expansion since its inception — rewards companies that bring jobs to the state. For Deloitte, that reward is to the tune of up to $16 million if the company can retain the 1,153 jobs it has already created and adds more.

The reward starts at $9 million for complete retention and the addition of 200 jobs by December 31, 2012 for a total of 1353. If the company can add another 150 jobs, for a total of 1,503 prior to December 31, 2018, they receive an additional $2.5 million. That second incentive jumps to $5.5 million if the company doubles that new addition of jobs from 150 to 300 in that same time period.

That would mean 500 new jobs in the area by 2018 from Deloitte. The company is looking to focus on creating those jobs primarily in Stamford, Wilton and Hartford.

"Under my administration, we've grown 22,500 jobs—a vast majority of them good paying with benefits. That's what we're in business to do," the governor said after the conference. "If you look at the first seven offerings we've made under the First Fifteen program, that's going to retain over 10,000 jobs and allow for growth of over 2,000 jobs and in many of those situations we were competing with other states."

Earlier in conference, Malloy had said no matter how good the jobs report looked for Connecticut, it was never going to matter to the man still looking for work. He said the state needs to strive harder to make opportunities available, and is confident his First Fifteen program will do just that.

"I think on the private sector side, 22,500 is good, but it's not where it needs to be, we've got to do a better job," Malloy said. "It's progress, but I'm not satisfied and that's why we're out here."

If you or someone you know is looking for work, check out our job listing section!

E.V. August 02, 2012 at 05:48 PM
Are you kidding me? Where is this money for the tax incentives coming from? The money does not grow on trees, it is coming from us, the taxpayers. So the taxpayers are paying for the tax breaks! You can also be sure that the vast majority of any jobs will be for Malloy's cronies in the different unions to exploit and expand their power and income base by forcing more dues from their members. Wake up Connecticut!
CPA August 02, 2012 at 05:51 PM
Well done Governor, thank you!
CPA August 02, 2012 at 05:53 PM
First the wackoos whine about CT not being business friendly, now they whine more when CT gets business friendly. So typical of the lunatic fringe.
E.V. August 02, 2012 at 06:04 PM
Business friendly is not spending 16 million for 1,153 jobs. Even in your world CPA that comes to $13,876.84 per job. There are many ways to create private sector jobs without spending a penny. Open your eyes.
Paul Alexander August 02, 2012 at 06:59 PM
If Malloy doesn't initiate SIGNIFICANT tax and regulation reform then he is not serious about statewide job creation and he is simply posturing by throwing a taxpayer paid bone to a few selective businesses just so he can score political points.
Paul Alexander August 02, 2012 at 07:02 PM
He's an empty suit. Nothig to see here. Move along.
DAY August 02, 2012 at 09:03 PM
Sorry, CPA: This is called crony capitalism. If Connecticut were more business friendly, the governor would lower taxes for all businesses, not create a preferential patronage system for an elite few.
Veritas vos liberabit August 02, 2012 at 09:11 PM
Poor Teabaggers, in such denial! Facts are facts. "Under my administration, we've grown 22,500 jobs—a vast majority of them good paying with benefits. That's what we're in business to do," the governor said after the conference.
E.V. August 03, 2012 at 05:45 PM
OK, now I get it. Becasue the fraudulently elected governor said it it must be true.
A. G. P. August 04, 2012 at 01:09 PM
I think DAY has the biggest part of the picture in clearest focus.

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