This letter came out of the Connecticut Governor’s office today:
June 30, 2010
Mr. Timothy P. Selby, President
New York Hedge Fund Roundtable
c/o Alston & Bird, LLP
90 Park Avenue
New York, New York 10016-1387
Dear Mr. Selby and Members of the Roundtable:
As lawmakers in Albany consider a proposal to vastly increase the tax liability of hedge fund professionals who work in New York – many of whom have already wisely decided to live in Connecticut – I would like to convey a very simple, yet heartfelt, message: Connecticut welcomes you!
As Governor, I stand ready to do anything possible to assist you. Our economic development professionals stand ready to help you find convenient, modern and prime office space. Our relocation specialists stand ready to aid your families in locating great homes and good schools. Our quality of life is second to none – one need only ask a colleague who already makes Connecticut his or her home about the many pleasures of living in our state.
And I can assure you that Connecticut has been pursuing and will continue to pursue a much more enlightened approach to job creation and retention and economic development.
Packing up and moving is never an easy decision – I understand that. However, I also understand that short-sighted decisions have long-term consequences. That understanding is a hallmark of good decision-making in any business. I encourage you to consider the attractive options Connecticut can offer, and invite you to contact my office directly to explore the matter further.
M. Jodi Rell