Conn. Gov. Dannel Malloy Names New Chief of Staff

Various news outlets in recent weeks have reported on GE considering locations in different states. He added, “I stand ready to work with them on issues of concerns and remain competitive with other states”.

GE has headquarters in Fairfield, CT. Cash tax payments made to the IRS, which aren’t adjusted for future benefits and expenses, ticked up 11% in the past five years to $3 billion in 2014.

“We have formed an exploratory team to assess the company’s options to relocate corporate headquarters”. “But, we can compare Connecticut with other states where small and large businesses have a better environment to thrive and compete”.

Dannel P. Malloy says he met earlier this month with General Electric Co. officials to offer some incentives to keep the company from moving out of state. “That’s a decision for them to make”, said Malloy. He previously worked for the state’s Office of Policy and Management, Malloy’s campaign from 2004 to 2006 and the public affairs and communications firm Global Strategy Group. Toni Boucher, a Republican.

He said Connecticut has grown more than 80,000 private sector jobs, crime has also dropped to historic lows, and the number of uninsured in the state has “been cut in half”. The governor spoke for the first time about the possibility that GE might leave.

GE is noncommittal about the status of talks on its headquarters.

“Just like Gov. Malloy convinced members of the legislature to come back and roll back a part of their taxes, it’s key that his administration is talking with all sizes of companies”, he said.