House Chair of the Commerce Committee Jeff Berger (D-Waterbury) attended a ceremony with Governor Malloy and legislative colleagues where the governor signed into law legislation creating the “First Five” jobs initiative that will provide incentives to the first five businesses that each bring a minimum of 200 new full-time jobs to Connecticut within the next 24 months.
“This legislation should signal that Connecticut is eager to create and maintain jobs,” Rep. Berger said. “With current economic issues and problem looming ahead, it is imperative we do all we can to encourage job growth in the state.”
In addition to the incentives based on the creation of the first 200 new full-time jobs within Connecticut, businesses would continue to receive credits for each net new job created above 200.
Before companies can be eligible for the First Five program, they must receive approval from the Department of Economic and Community Development.
Rep. Berger serves the 73rd General Assembly District and is Chairman of the Commerce Committee. He also serves on the Finance, Revenue & Bonding and the Judiciary Committees.