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
construction materials.

Cigna and TicketNetwork also have promised to add positions
under the “First Five” program.

     (Copyright 2011 by The Associated Press.  All Rights Reserved.)

  • PO in Burlington

    This is a JOKE! ESPN has already committed to growing here. They have added to the campus, gotten permission to take over/ move roads, and are applying for a permitt to make more off their own power. Why not take advantage of a moron that wants to give them millions????? This is just another example of democrats sticking it to the people to make themselves look good. Next thing you know, it will be announced that ESPN has accepted a union ( that in exchange for the tax breaks)

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