JOBS FOR HARTFORD, NOT GIVEAWAYS FOR THE HARTFORD INSURANCE COMPANY!!
The Hartford Insurance Company has benefited from public subsidies at the federal and the local level. In 2009, The Hartford received $3.4 billion in TARP federal funding. Hartford Insurance also received a Tax Fixing Agreement from the City of Hartford worth millions in property tax reductions. Both WFP members of the Council voted against the giveaway.
While the Hartford Insurance Company is enormously profitable--making over $1.5 billion in profit in 2010--the Hartford has eliminated over 2000 jobs in Connecticut in the last 4 years, and is planning to cut hundreds of more jobs. Working Families was joined at the demonstration by members of labor unions, Occupy Hartford and community groups.
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