IMPLEMENTATION LEVEL
SubnationalAFFECTED FLOW
InflowANNOUNCED AS TEMPORARY
NoNON-TRADE-RELATED RATIONALE
NoELIGIBLE FIRMS
firm-specificJUMBO
NoTARIFF PEAK
NoTax or social insurance relief
In 2012 state and local governments in Connecticut provided an incentives package to Bridgewater Associates for a hedge fund headquarters. The package included $80 million in Urban and Industrial Site Reinvestment Tax Credits, a $25 million forgivable loan, a $5 million training grant, and a grant of up to $5 million for the building's alternative energy system.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.
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