Governor Malloy's First Five Job Creation Initiative
On February 16, 2011, Governor Dannel P. Malloy proposed his First Five job creation initiative. The First Five program provides incentives to businesses that, depending on the size of the company’s investment, create a minimum of 200 new, full-time jobs in the state within the next two years, or 200 new, full-time jobs in the state within five years. After receiving overwhelming bipartisan support for the legislation in the General Assembly, Governor Malloy signed the bill into law on July 8, 2011.
First Five augments and combines the state's best incentive and tax credit programs to encourage job creation. In addition to the incentives based on the creation of the first 200 new full-time jobs within Connecticut, businesses would continue to receive credits for each net new job created above 200, increasing the potential to thousands of jobs in the state. Before companies can be eligible for the First Five program, they must receive approval from the Department of Economic and Community Development.
The program was designed to: (1) Attract new companies into the state; (2) Keep the companies we already have and retain their current job levels; and (3) encourage businesses to expand and add new jobs.
Businesses interested in the First Five program can contact Ron Angelo at the Department of Economic and Community Development for more information at 860-270-8020.
Companies that have joined the First Five program to Date:
Gov. Malloy: Pitney Bowes to Remain in Stamford, Expand Presence in Connecticut, and Create 200 New Jobs
Gov. Malloy: Navigators Group Moving Corporate Headquarters from NY to CT
Gov. Malloy: Charter Communications Establishing Corporate Headquarters in Connecticut
Gov. Malloy: Bridgewater Associates to Join "Next Five," Will Create Between 750 and 1000 Jobs
Gov. Malloy Announces Deloitte to Expand in Connecticut
Gov. Malloy: International Company to Build Headquarters in North Haven
Gov. Malloy: CareCentrix Becomes Fifth 'First Five' Company
Gov. Malloy Announces Alexion Pharmaceuticals to Expand in New Haven
Gov. Malloy Announces NBC Sports Group is Fourth "First Five"
Gov. Malloy Announces ESPN is Third "First Five" Project
Gov. Malloy Announces TicketNetwork is Second "First Five" Company
Gov. Malloy on Final Passage of "First Five" Initiative
Gov. Malloy: "First Five" Will Send Strong, Clear Message to Business Community
Gov. Malloy: Businesses Interested in "First Five" Program Should Contact Office Directly
Gov. Malloy Announces Navigators Group Moving Corporate Headquarters to Connecticut
Gov. Malloy Announces Charter Communications as "Next Five" Company
Gov. Malloy Announces Bridgewater Associates as "Next Five" Company
Gov. Malloy Announces Deloitte as "Next Five" Company
Gov. Malloy Announces Sustainable Building Systems as "Next Five" Company
Gov. Malloy Announces CareCentrix as "First Five" Company
Gov. Malloy Announces Alexion as "First Five" Company
Gov. Malloy Announces NBC Sports as "First Five" Company
Gov. Malloy Announces ESPN as "First Five" Company
Gov. Malloy Ceremonial Bill Signing for the "First Five" Legislation & Announcement of CIGNA as First "First Five" Company
Stamford Advocate: Malloy, NBC Sports Announce Deal to Bring 450 Jobs to Stamford
CT News Junkie: ESPN Snags Malloy’s Third Five
Hartford Courant: First Five Incentives Program To Be 'Shot in the Arm' For State, Economic Development Official Says
The Day: Senate Approves "First Five" Plan
Hartford Courant: 'First Five' Aims to Reward Corporate Relocations, Expansions