Global Trade Alert
Global Trade Alert

United States of America/State of Connecticut: Tax credits and exemptions, and a $10 million loan with forgivable elements, to The Lee Company

Announcement

04 Jun 2014

The state government is providing loans, tax credits, and tax exemptions.

 

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

04 Jun 2014

Revocation date:

No revocation date

Updated: 04 Jun 2014
Tax or social insurance relief In force

Connecticut Innovations will also provide a sale and use tax exemption of up to $950,000 for capital improvements.

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Updated: 04 Jun 2014
Tax or social insurance relief In force

The company may also be eligible for up to $10 million in tax credits through the state’s Urban and Industrial Sites Reinvestment Tax Credit Program.

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Updated: 04 Jun 2014
State loan In force

On June 4, 2014 Governor Dannel P. Malloy of Connecticut announced funding for The Lee Company to grow its business operations in Westbrook as part of an expansion project that will keep 862 curren...

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