ANNOUNCEMENT 01 Sep 2012

In September 2012, a US state government announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Main data from Good Jobs First at http://www.goodjobsfirst.org/sites/default/files/docs/Megadeals_February2015.xlsx.
Brian Dowling, "$115M for Hedge Fund Giant," Hartford Courant (August 16, 2012)


Inception date: 01 Sep 2012 | Removal date: open ended
Still in force

Tax 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.

AFFECTED SECTORS

 
715

AFFECTED PRODUCTS

 
N/A