Governor Praises State Business Community, “Human Capital”
During an East Hartford Chamber of Commerce breakfast held at Goodwin College on Wednesday, March 19, Governor Dannel P. Malloy touted the government’s continuing investment in Connecticut businesses.
Malloy offered insights about the government’s relationship with Connecticut businesses and the return the state is seeing in economic growth. His visit came on the heels of improving employment figures in the state, as well as significant progress slated for East Hartford in the coming years.
“Let’s build on our strengths and address our weaknesses,” said Malloy, speaking before a packed room of business owners, state and town leaders, and Goodwin College administrators and staff. “If we do those two things, we’re going to make a lot of progress in the state of Connecticut.”
East Hartford Mayor Marcia Leclerc thanked the governor for the recently announced initiatives that will favorably impact her town’s future, including state plans to partner with United Technologies to expand Pratt & Whitney in East Hartford, as well as other UTC subsidiaries throughout Connecticut. The state legislature needs to approve the incentives, but it has the full backing of the state’s executive branch.
Also, developers have recently unveiled plans to develop a massive retail outlet mall at Rentschler Field, which is already home to UConn’s football stadium and Cabela’s. Along with Goodwin College’s continued expansion in East Hartford, the plans for Pratt & Whitney and Rentschler Field stand to strengthen East Hartford’s local economy considerably.
UTC and other Connecticut companies were highlighted during Malloy’s speech, as were institutions like Goodwin College who are producing a qualified workforce.
“The product we produce that is superior to any other state is our human capital, and we are getting even better at that,” said the governor.
Malloy also addressed the role of small businesses and the state’s investment in helping them to succeed. He quoted a statistic that between 2002 and 2009, Connecticut’s government invested in 116 businesses. Since 2010, during Malloy’s administration, the government has invested in 1,600 businesses and companies.
While Malloy said the function of job creation largely rests with the businesses, the state has invested in those businesses and suppliers because they will drive the future of the state’s economy.