Courtney Statement on Strong Hiring Outlook for 2016 from Electric Boat
GROTON, CT—Today, Congressman Joe Courtney (CT-2) attended the annual Electric Boat legislative update hosted by company President Jeffrey S. Geiger in Groton. Courtney released the following statement after Geiger presented a strong and positive outlook for hiring in 2016, reporting that the company will hire approximately 1,500 people in Connecticut this year. With attrition factored in, this represents a net increase of about 840 positions.
“The strong hiring outlook for Electric Boat this year will provide a profound boost to the economy of our region and the state,” said Courtney. “As this morning’s presentation clearly shows, the growth in investment in submarine programs over the last several years - and more ahead- is driving growth not just at Electric Boat and the southeastern Connecticut region, but across the state-wide network of suppliers and manufacturers that support this critical work. At a time when some question the future of our state’s economy, today’s news is a positive signal of the contribution that the hard working men and women of Electric Boat will make to the future of Connecticut.”
“As Ranking Member of the House Seapower and Projection Forces Subcommittee, which oversees the submarine and shipbuilding programs, I am working every day to advance the programs driving the near term stability and long term growth of our submarine industrial base. With another federal budget cycle fast approaching, I will continue to build bipartisan support for Congress for maintaining the strong momentum highlighted today.”
Among the notable updates from the briefing today:
· Total hiring in Connecticut is projected to be about 1,500 in trades, design and engineering and support positions. With attrition factored in, this represents a net increase in the Connecticut-based workforce of about 840 positions.
· Electric Boat is utilizing key workforce investment tools secured by Congressman Courtney and the Connecticut Delegation to support the training of their new workforce, including the Eastern Connecticut Manufacturing Pipeline and the Investing in Manufacturing Community Partnership (IMCP). Key partners like the Eastern Connecticut Workforce Investment Board (EWIB), Three Rivers and Quinebaug Valley Community Colleges, along with state technical high schools are supporting these efforts.
· Investment in key submarine programs like the Virginia Class Submarine, Virginia Payload Module and the Ohio replacement program is expected to increase 11% in 2017 -- to about $8 billion -- compared to the $7.2 billion allocated in 2016.
· 471 suppliers across Connecticut supply the submarine programs at Electric Boat, representing a 5-year investment of nearly $580 million in suppliers and manufacturers across the state.
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