Hartford: John DeStefano, Jr. – Democratic candidate for governor – announced another innovative plan to grow jobs – providing targeted tax incentives to companies which create high quality jobs with healthcare, and at the same time ending the practice of pay-offs lay-offs. It’s estimated the plan could grow as many as 50,000 jobs over five years.

 "For too long, companies have taken millions in taxpayer funded incentives, failed to deliver on their promises of growing jobs, and then disappeared,” said DeStefano. “My targeted plan would reward companies which keep their promises by offering rebates when good quality jobs -with health care- are created for our families. It’s time we use precious tax dollars to help families do better.”

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 This innovative program, to be administered by a new public-private economic development partnership, would provide payments of up to 5 percent of newly created payroll for up to 10 years to qualified companies. It would be open to manufacturing companies, research & development ventures, central administrative offices and selected service companies- which generate high-quality jobs - with benefits - and tend to have significant effects on job creation.

Nearly 14,000 high quality jobs have been lost on Gov. Jodi Rell’s watch. Many of those same firms have been the beneficiaries of generous state subsidies. Although some of those subsidies were ladled out during the administration of Gov. John Rowland, Gov. Rell has stuck with his failed policies and with the failed leadership of the state’s key economic development agency.