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ESPN To Create At Least 200 Jobs As Part Of Connecticut's "First Five" Initiative
Published August 3, 2011
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HOME GROWN: In Hartford, Mara Lee reports in the next two years, at least 275 new ESPN employees "will join the 3,872 full-timers on the Bristol campus." The company said that the "average salary for the new jobs is $75,000." Some of the $17.5M loan given to ESPN "will be forgivable, depending on how many workers ESPN hires in Connecticut over the next decade, but how much is also still under negotiation." The company also will "get a break on sales and use taxes for materials bought for the construction project, up to $6 million, depending on how much they spend." The four-story "broadcast technology building is supposed to open in the spring of 2014" (HARTFORD COURANT, 8/3). The AP's Stephen Singer notes Connecticut's "First Five" initiative is "intended to consolidate various tax credits to draw the first five businesses that invest $25 million in Connecticut and create 200 jobs over five years" (AP, 8/3).
BATTEN DOWN THE HATCHES: The BRISTOL PRESS' Majerus reports federal and state officials yesterday recognized ESPN as "StormReady." The designation, "the first in the state to a commercial venue and only the second in New England, came from the National Weather Service, the U.S. Department of Homeland Security and the state Department of Emergency Services and Public Protection." It means that ESPN "worked to accomplish the federal criteria for the StormReady designation, a process that took a year to complete." ESPN "had to put in place an early response system, a weather-monitoring plan and record-keeping method, and a way to warn employees or potential or occurring disasters" (BRISTOL PRESS, 8/3).