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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!

R Eleveld August 03, 2012 at 06:43 PM
A concern to those of us that observe economic trends it that more executives are leaving Connecticut and that trend has just started, unless we "Jobsmail" (Jobsmail is my term for a form of blackmail where we pay companies to expand in CT(Deloitte), or move to CT(Dollar Tree and Jackson Labs ) or keep them from moving out of CT (UBS). We just saw Dollar Tree get it, [http://www.ct.gov/ecd/lib/ecd/press_releases/2012/new_distribution_center_in_windsor.pdf], and Deloitte is getting Jobsmail also. "Deloitte the largest professional services organization in the United States" according to the press release. http://www.ct.gov/ecd/lib/ecd/press_releases/2012/deloitte_to_expand_in_connecticut.pdf We have to beg people to move stay or expand in Connecticut. Am I the only one that sees a long term problem with this idea? Illinois has had to do it as well. A very slippery and expensive slope. I am sorry but would it not be smarter and less expensive in the long term to cut spending get taxes in check, and avoid all the jobsmail and payoffs that begs fro corruption?

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