Global Trade Alert
Global Trade Alert

United States/State of Connecticut: Incentives package for Sikorski helicopters

Announcement

20 Sep 2016

The incentives are contingent on meeting certain goals.

 

 

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

3 in force

Implementation date

20 Sep 2016

Revocation date:

No revocation date

Financial grant In force

On September 20, 2016 Governor Dannel P. Malloy of Connecticut and Lockheed Martin announced an agreement to keep the Sikorsky Aircraft headquarters in Connecticut and to increase investments in in-st...

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Tax or social insurance relief In force

The deal further provides that sales and use taxes maybe exempted up to $5.7 million per year over the term of the agreement.

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Local content requirement In force

These incentives are conditioned upon Sikorski meeting local-sourcing requirements.

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