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October 18, 2012

WWE Seeking Conn. Economic Development Aid


The chief financial officer of Stamford-based WWE says the wrestling entertainment company is seeking aid under Gov. Dannel P. Malloy’s ‘‘Next Five’’ economic development program as it plans to launch a cable TV network.

George Barrios said Thursday the WWE didn’t put a dollar amount on the request. The network would employ about 200.

A state economic development spokesman says he can’t comment on WWE’s application.

Barrios’ comments came during a conference call with reporters about a $4.4 million settlement earlier this year between the WWE and the state involving disputed corporate tax calculation methods.

Democrats on Thursday used the settlement to criticize Republican U.S. Senate candidate Linda McMahon, the WWE’s former chief executive.

The McMahon campaign says Democrats are ‘‘trying to make an issue out of a non-issue.’’end of story marker

source: boston.com


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