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Malloy Confirms Talks With GE To Keep Company In Fairfield

Gov. Dannel Malloy answers questions about GE during a press conference Monday.
Gov. Dannel Malloy answers questions about GE during a press conference Monday. Photo Credit: NBC Connecticut screenshot

FAIRFIELD, Conn. — Gov. Dannel Malloy confirmed that his administration is in talks to keep General Electric from moving its world headquarters out of Fairfield, according to NBC Connecticut.

GE threatened to move out of state — and is rumored to be looking at New York, Georgia and Texas among others — after the Connecticut General Assembly this spring approved a two-year budget with tax increases for multi-national corporations in 2017.

Economic development officials have been discussing incentives or tax packages to placate GE, but Malloy wouldn't go into specifics, NBC Connecticut said.

Read and watch the full story here at the NBC Connecticut website. 

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