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UConn Athletics
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A Chicago private-equity investor was the only bidder in the latest attempt to sell XL Center
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[QUOTE="freescooter, post: 2773929, member: 1023"] It has to do with the makeup of our industries. Article today (can’t find the link) about how we have been overly reliant on financial services and more or less old line manufacturing neither of which are adding jobs in a big way. We are also hurt by the fact that Connecticut lacks a Boston or New York when we are seeing a reverse of the movement that dominated corporate locations in the 1960s through the 1980s. There are lots of former suburban corporate campuses being repositioned. Not to say Connecticut hasn’t done dumb stuff. They absolutely have. But it isn’t the usual suspects that are to blame. Boston (GE) and NY (Aetna before it became a drug store chain) both tax individuals and corporations at a much higher rate than Connecticut. But there is hope on the horizon. Infosys Hartford investment can be potentially huge as can that Chinese firm locating at The old UConn West Hartford branch. Basically though, Connecticut has relied on industries that while they might be growing in the sense of profitability they tend to not be adding people. And while town budgets love huge buildings with lots of expensive computers with 1 guy who turns it all on and off it does very little for the real economy. For that you really need job growth. [/QUOTE]
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A Chicago private-equity investor was the only bidder in the latest attempt to sell XL Center
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