State Senate Passes $400 Million UTC Deal - NBC Connecticut

State Senate Passes $400 Million UTC Deal



    State Senate Passes $400 Million UTC Deal
    Pratt & Whitney in East Hartford is a subsidiary of United Technologies Corp.

    The Connecticut Senate has given final legislative approval to a deal allowing United Technologies Corp. to use up to $400 million in unused tax credits, so long as UTC makes up to $500 million in upgrades and expansions and hires more workers.

    On a bipartisan vote, the Senate on Thursday voted 34-to-2 in favor of the bill. Proponents said the agreement reached by Gov. Dannel P. Malloy's administration will help ensure the state's largest private sector employer will remain in Connecticut for years to come and help thousands of suppliers.

    The House of Representatives has already approved the deal.

    While supportive of UTC as a company, some Republicans voiced concern about why Connecticut is in the position of having play defense to keep a major employer in the state.

    Get the latest from NBC Connecticut anywhere, anytime

    • Download the App

      Available for IOS and Android