HARTFORD (CBS Connecticut) –– Legislation being proposed by Governor Malloy would let United Technologies Corporation take up to 400 million dollars in tax credits to encourage expansion of UTC operations in Connecticut,  including a new headquarters for Pratt and Whitney.  The company will invest up to half a billion dollars on the upgrades and up to four billion on research and other spending at the same time.  The state money will come at the rate of about 20 million dollars a year in reduced taxes, based on previously earned tax credits.

The governor says the work will create about 15-hundred construction and other jobs,  plus keeping aerospace work in the state at UTC and its subcontractors.  He called it “a once-in-a-generation opportunity.”

Reaction of Congressman John LarsonReaction of Congressman Joe Courtney
Reaction of State House Speaker Brendan Sharkey
Reaction of State Rep. Henry Genga and State Rep Tim Larson
Reaction of State Rep Jason Rojas

Highlights of the deal, according to the Governor’s office:

Specifically, the company will:

Construct a new Pratt & Whitney corporate headquarters, which it will keep in Connecticut for a minimum of 15 years

  • Construct a new Pratt & Whitney worldwide engineering center of excellence in Connecticut
  • Keep Sikorsky corporate headquarters in Connecticut for a minimum of 5 years
  • Create a customer training center at UTC Aerospace Systems (UTAS) in Windsor Locks
  • Build new labs and infrastructure at United Technologies Research Center (UTRC)
  • Invest in new research projects and capital investments at Pratt & Whitney, Sikorsky, UTAS and UTRC

    (Courtesy Office of the Governor)

    (Courtesy Office of the Governor)


Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

More From CBS Connecticut

Watch CBSN Live
CBS Entertainment

Listen Live