Announcement
01 Jun 2018
The state of Connecticut will assist Electric Boat with a loan, tax breaks, a grant, and dredging the Thames River in Groton.
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Number of interventions
4
4 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Jun 2018
Revocation date:
No revocation date
Updated: 01 Jun 2018
In-kind grant
In force
The state of Connecticut also plans to spend $20 million on dredging the Thames River in Groton.
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Updated: 01 Jun 2018
Financial grant
In force
Electric Boat is also eligible for an $8 million state grant to help pay for training new employees hired by subcontractors.
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Updated: 01 Jun 2018
Tax or social insurance relief
In force
The state also provided $20 million worth of tax breaks to the company.
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Updated: 01 Jun 2018
State loan
In force
On June 1, 2018 Governor Dannel P. Malloy announced a $35 million loan for Electric Boat to assist the submarine producer with acquisition of machinery and equipment for growing operations in Groto...
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