Global Trade Alert
Global Trade Alert

United States of America/State of Connecticut: $17.5 million loan to sports network ESPN

Announcement

02 Aug 2011

The state of Connecticut provided this assistance under the “First Five” program, which is designed to attract large-scale business development projects by augmenting and combining the state’s best incentive and tax credit programs for the first five companies that create 200 new jobs within two years, or invest $25 million and create 200 new jobs within five years.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

02 Aug 2011

Revocation date:

No revocation date

Last action: 02 Aug 2011
Tax or social insurance relief In force
The Connecticut Development Authority will also assist with up to $6 million in sales use tax exemptions on capital equipment and construction materials.
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Last action: 02 Aug 2011
State loan In force
On August 2, 2011 Governor Dannel P. Malloy of Connecticut announced that sports network ESPN will create a minimum of 200 new full-time jobs within five years, with incentives for up to 800, and reaf...
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