Creative Commons
Creative Commons

After GE, CT Needs Spark to End Economic Blackout

In the early 1970s, New York City and State implemented tax hikes. In response, General Electric moved its corporate headquarters from Manhattan to Fairfield. At the time, Connecticut had no personal income tax, as opposed to today’s top marginal rate of 6.7 percent. Because of the move, the company and its employees also enjoyed a significant tax reduction, particularly those who relocated to the Nutmeg State.

Last month, history repeated itself.

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Horvath, Joe (2016, February 1).  After GE, CT Needs Spark to End Economic Blackout. Hartford Business Journal. Retrieved from