Connecticut has been very anti-business since governor Malloy came into office. GE moving will be a huge loss to the local economy.
> Massachusetts and Boston officials said Wednesday they had offered incentives valued at as much as $145 million to lure the company to the city. The package included as much as $25 million in property-tax relief.
Essentially Boston just drove a wheelbarrow full of money up to GE's front door and said "Want this?" and Connecticut couldn't match it.
So by being "anti-business" what you mean to say is: "Didn't give away tons of tax payer's money to a private corporation." I'd prefer Connecticut to use money that would have gone to GE to generate other jobs, for example pay people to upgrade the state's infrastructure.
GE gets enough tax breaks and government subsidies as is.
Actually, Connecticut only succeeds at maintaining huge corporations relying on government subsidies. Hartford, CT is the country's insurance capitol. The reason the state is so "anti-business" is precisely because they give a bunch of taxpayer's money to publicly-traded mega corporations. The income and property tax cost this saddles on normal taxpayers and small businesses is enormous, and they get very little benefit from it.