Blow to Boughton-Malloy Alliance as Praxair Abandons Plans in Danbury.
Praxair, the giant energy company, has abandoned its plans to build its world headquarters in Danbury, the News Times reports. The announcement of Praxair’s expansion in the state was made by company officials, Mayor Mark Boughton and Governor Dannel Malloy four days before last fall’s gubernatorial election.
The plan called for the company to receive as much as $22.5 million in state assistance. The announcement was made to considerable fanfare and ballyhooing of Malloy’s commitment to taking money from working families and giving it to prosperous corporations.
The News Times reports that the expansion plans in Connecticut “had simply become too expensive for the company.”