ESPN Latest Recipient Of State Jobs-Creation $$
BRISTOL, Conn. (AP) _ ESPN and Connecticut Gov. Dannel P. Malloy
say the sports network will add at least 200 new jobs over five
years in exchange for millions of dollars in tax breaks.
Malloy and officials from Bristol-based ESPN announced Tuesday
that it will be the third company participating in Connecticut’s
“First Five” program. That initiative combines several state tax
credits to encourage five businesses to create at least 1,000 jobs
within two years.
ESPN will get a $17.5 million state loan to build its new
Digital Center, plus up to $1.2 million for a job-training grant
program. The Connecticut Development Authority may also assist with
up to $6 million in tax exemptions on certain equipment and
Cigna and TicketNetwork also have promised to add positions
under the “First Five” program.
(Copyright 2011 by The Associated Press. All Rights Reserved.)