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Governor Rell Cites Positive Job Trends in Connecticut

For immediate release
July 6, 2007

CONTACT: Adam Liegeot, 860-524-7313

Citing positive job trends in Connecticut, Governor M. Jodi Rell today noted that the state added more jobs in the first five months of this year than in all of 2006.

"With more than 18,000 new jobs gained since May of 2006, this is a sure sign that our state's economy is truly moving in the right direction," Governor Rell said. "Although we still have another six months to go in 2007, the number of business expansions and new companies coming into our state bode well for our economy and the citizens of Connecticut."

Citing the cover article in the July 2007 Economist Digest, a joint publication of the State Labor Department and the Department of Economic and Community Development, Governor Rell noted that Connecticut has been doing well in job growth compared with other states in the region.

The article, written by Jungmin Charles Joo, an Associate Research Analyst at the Labor Department, claims that the startups and expansions within various industries in Connecticut will account for more than 11,000 new jobs over the next several years. Joo also noted that the state is now just 4,900 jobs shy of the all-time high number of 1,700,700, which was achieved in July 2000.

"With such major economic developments on the horizon, and with the right kind of policy making, Connecticut's economy may be poised not only to recover fully, but to continue onto expansion for the first time since December 1999," Joo noted in his report.

The report notes that Eurospeed USA, a motorcycle components manufacturer, has started work in Ansonia, and will eventually bring 1,000 jobs to Connecticut. Aldi's grocery stores and a warehouse are being built in locations across the state, creating another 600 jobs, while Goodwin College in East Hartford will undergo an $80 million expansion, adding 300 jobs.

Additional job growth was noted with the arrival of Cabela's Inc., the outdoor merchandise superstore being built on the Rentschler Field site in East Hartford, bringing up to 600 jobs. Another 550 jobs will be created as a result of a distribution center Walgreen Co. is in the process of building in Windsor.

Other expansions Joo noted include those taking place at Foxwoods resort casino in Ledyard, which will bring 2,300 new jobs and the Mohegan Sun casino in Uncasville, with a second round of expansion planned by 2010, which is projected to result in 2,000 additional jobs.

"An additional 800 jobs will be created when a new building for Royal Bank of Scotland is completed in Stamford, and a cancer center being built by Yale-New Haven Hospital will create 400 jobs," Joo noted in his report. "Additionally, NuPower will build a facility in Plainfield, adding 300 jobs, and by 2009, The Hartford Financial is expected to build a new campus in Windsor, which will bring 300 jobs."

Joo also noted that another 1,500 jobs are expected when Gilbert & Bennett Mill builds a retail and housing complex at the site of the mill in the Georgetown section of Redding by 2010.

"This positive news proves that our state's economy is truly moving in the right direction," Governor Rell said. "We must continue to promote partnerships within the business community to ensure companies fully recognize the benefits of expanding or relocating to Connecticut. We must also strengthen our policies to make certain our residents obtain the education they need to fill new these jobs, and we need to take advantage of every opportunity to grow more jobs in this state."

Contact: Nancy Steffens  (860) 263-6535

200 Folly Brook Boulevard, Wethersfield, CT 06109 / Phone: 860-263-6000

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