Subsidies

CT Pays Pharmaceutical Company $51M To Keep HQ in State

Why else would they stay?

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Alexion, a global pharmaceutical company, was announced Tuesday as the recipient of up to $51 million in economic development aid that will help the company become the anchor tenant in the new Downtown Crossing project near the Yale medical campus.

Gov. Dannel P. Malloy joined New Haven Mayor John DeStefano, his political rival from the 2006 race for governor, in announcing the latest recipient of aid through the governor's "First Five" program for employers willing to commit to a major expansion of jobs.

Republican legislative leaders asked the Democratic governor to share details of the state's agreement with Alexion, a company that Senate Minority Leader John McKinney, R-Fairfield, described as "flush with cash."