GE’s headquarters is now located in Fairfield, employing about 800 people. “They have been approached by other states over the years – states that they have larger employee numbers in”.
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There has been a host of speculation as of late regarding General Electric (GE) moving their corporate headquarters out of Connecticut. “We would like them to remain in the state”, he said.
“It just speaks to the fact that if our economic policies were as rock solid as they suggested and had a future for the state of Connecticut that was fiscally responsible, why would any company want to leave, and why would you make a package to keep them?” He attributed those accomplishments to the Malloy administration.
There have been various news reports in recent weeks about GE considering locations in different states.
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“I believe we should pay our fair share and that all of us should give back to our communities”, Immelt said in a memo earlier this summer announcing that the company would consider relocating. The team is now engaged in the process and is taking many factors into consideration. “When there is a final decision on relocation, we will communicate it publicly”. “But, we can compare Connecticut with other states where small and large businesses have a better environment to thrive and compete”. Hwang said. “As such, today I am urgently requesting Gov. Malloy to fast-track the work of the newly created Commission on Economic Competitiveness and to order an immediate repeal of the Unitary Tax, which was cited by nearly every major Connecticut-based corporation as universally damaging to their ability and willingness to continue to operate in our state”.
