KLARIDES RESPONDS TO $45 MILLION SOUTH FLORIDA INVESTMENT BY PRATT & WHITNEY

Posted on June 17, 2019 by jencusato


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HOUSE REPUBLICAN LEADER KLARIDES RESPONDS TO PRATT & WHITNEY $45 MILLION SOUTH FLORIDA ANNOUNCEMENT

House Republican Leader Themis Klarides (R- Derby) released the following statement regarding today’s news of East Hartford’s Pratt & Whitney’s decision to invest $45 million in its West Palm Beach facility.

“It is a growing concern when businesses founded and rooted in Connecticut are not investing in Connecticut.  An even greater concern is when a Connecticut company takes the calculated step to not only invest but do so on a large scale in a different state as Pratt and Whitney has in Florida or UTC in Massachusetts.  Clearly companies have the resources at their disposal to invest; they just don’t want to invest in a future that’s in Connecticut.  It is no coincidence that within a month of Governor Lamont’s budget passing, two major Connecticut companies announce out of state moves.  Florida has openly pursued attracting Connecticut businesses to move their operations to the sunshine state as oppose to stay in our high tax state. West Palm Beach will be the new beneficiary of a $45 million capital investment.  At a time when businesses are questioning the viability of their futures in Connecticut we see Democrat lawmakers turn a blind eye and refocus on anti-business legislation.  Tolls, legalized marijuana, tax hikes, unbalanced budgets, $15 minimum wage, and paid family and medical leave will mean nothing to the Democrats’ agenda if there is no one left in Connecticut to create jobs, let alone employ.  While we discuss the out migration of residents the slow and steady stream of capital dollars and businesses leaving Connecticut should ring alarm bells.”

“What we need now is an emergency round table with business leaders.  Lawmakers need to look inward and ask themselves if the votes they are pressured to take at the expense of Connecticut’s fiscal stability is worth it? We must make Connecticut attractive to businesses.  In Florida, defense contractors have opened their office doors so that nearby colleges and universities can have onsite classrooms.  They have already incorporated the curriculum with the future employment positions that will be offered by the defense contractors in various parts of Florida. We need to foster the growth of a STEM supply chain for Connecticut’s existing employers.  We need to listen and take seriously the feedback that we receive from the businesses of Connecticut, whether lawmakers like what they hear or not,” said House Republican Leader Klarides

 

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