Connecticut, Starwood hotels OK state aid deal - New York News

Connecticut, Starwood hotels OK state aid deal

Posted: Updated:

STAMFORD, Conn. (AP) - Starwood Hotels and Resorts will spend $30 million to expand its headquarters in Stamford, helped by a state loan of up to $5 million and $20 million in state tax credits.

Gov. Dannel P. Malloy, state economic development officials and Starwood executives announced on Thursday that the hotel business create 340 new jobs in Connecticut, adding to its current 980 employees.

Businesses may take tax credits of up to 100 percent of capital investment on eligible projects with a minimum investment of $5 million invested in urban distressed areas and $50 million in other areas.

The loan will be provided at 3 percent interest with principal deferred for the first three years and the principal waived if the company meets its commitment to bring Connecticut employment to 1,320 in three years.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Connecticut NewsConnecticut NewsMore>>

  • Dad accidentally delivers baby into toilet

    Dad accidentally delivers baby into toilet

    Tuesday, July 29 2014 1:28 PM EDT2014-07-29 17:28:12 GMT
    A West Haven baby has arrived with a splash, right into a toilet bowl.
    A Connecticut baby has arrived with a splash, right into a toilet bowl. The baby's father, David Davis says that he was forced to deliver the newborn in the bathroom of his West Haven home Friday morning after his wife, Lillie, went into labor. He says the baby slipped through his hands during the delivery, but luckily went into the water. He says she began crying and it was the best sound he'd ever heard.

  • Report: Connecticut averages 14 domestic homicides a year

    Report: Connecticut averages 14 domestic homicides a year

    A new report shows Connecticut each year averages about 14 homicides committed by intimate partners. The Connecticut Coalition Against Domestic violence examined deaths that occurred between 2000 and 2012. Between those years, there were 162 female victims and 26 male victims. Most of the perpetrators, 166, were male, 166. Twenty-two were female.
    A new report shows Connecticut each year averages about 14 homicides committed by intimate partners. The Connecticut Coalition Against Domestic violence examined deaths that occurred between 2000 and 2012. Between those years, there were 162 female victims and 26 male victims. Most of the perpetrators, 166, were male, 166. Twenty-two were female.
  • Former swim coach pleads guilty to sex assault

    Former swim coach pleads guilty to sex assault

    A former swim coach and math teacher at Staples High School in Westport has pleaded guilty to raping two pre-teen girls. The Connecticut Post reports that 44-year-old Jeffrey Schare pleaded guilty Monday to two counts of first-degree sexual assault and other charges. He faces eight years in prison when he is sentenced on Oct. 3. Police say the assaults took place over a three-year period.
    A former swim coach and math teacher at Staples High School in Westport has pleaded guilty to raping two pre-teen girls. The Connecticut Post reports that 44-year-old Jeffrey Schare pleaded guilty Monday to two counts of first-degree sexual assault and other charges. He faces eight years in prison when he is sentenced on Oct. 3. Police say the assaults took place over a three-year period.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices