Governor Malloy: Governor Malloy's "First Five" Job Creation Initiative

Governor Malloy's "First Five"
Job Creation Initiative
{NBC Sports}
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:
{NBC Sports Group}        {Alexion logo}
{Sustainable Building Systems}
{Deloitte}        {Bridgewater}        {Charter}
{Navigators}        {PitneyBowes}
Press Releases:
11/20/2013 Gov. Malloy: Pitney Bowes to Remain in Stamford, Expand Presence in Connecticut, and Create 200 New Jobs
3/15/2013 Gov. Malloy: Navigators Group Moving Corporate Headquarters from NY to CT
10/2/2012 Gov. Malloy: Charter Communications Establishing Corporate Headquarters in Connecticut
8/15/2012 Gov. Malloy: Bridgewater Associates to Join "Next Five," Will Create Between 750 and 1000 Jobs
8/1/2012 Gov. Malloy Announces Deloitte to Expand in Connecticut
7/18/2012 Gov. Malloy: International Company to Build Headquarters in North Haven
6/28/2012 Gov. Malloy: CareCentrix Becomes Fifth 'First Five' Company
6/19/2012 Gov. Malloy Announces Alexion Pharmaceuticals to Expand in New Haven
10/25/2011 Gov. Malloy Announces NBC Sports Group is Fourth "First Five"
8/2/2011 Gov. Malloy Announces ESPN is Third "First Five" Project
7/21/2011 Gov. Malloy Announces TicketNetwork is Second "First Five" Company
6/8/2011 Gov. Malloy on Final Passage of "First Five" Initiative
6/3/2011 Gov. Malloy: "First Five" Will Send Strong, Clear Message to Business Community
2/21/2011 Gov. Malloy: Businesses Interested in "First Five" Program Should Contact Office Directly
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