- Associated Press - Friday, October 3, 2014

HARTFORD, Conn. (AP) - Tax credits worth hundreds of millions of dollars for Connecticut’s largest private employer have emerged as a flash point in the race for governor.

Republican Tom Foley criticizes as corporate welfare the credits that Gov. Dannel P. Malloy says are crucial to keep United Technologies Corp. jobs from leaving the state.

Legislation signed earlier this year by Malloy allows the aerospace giant to use accumulated tax credits for millions it’s spending to upgrade and improve manufacturing and research operations.

Malloy and fellow Democrats who run the state legislature say the deal will cement UTC’s ties to Connecticut and prized aerospace jobs.

Foley, a Greenwich businessman, argues instead on job-creation incentives for small businesses.

A spokesman for United Technologies did not immediately comment on the state deal and its politics.

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