Malloy makes big economic announcement

NEW HAVEN, Conn. (WTNH) -- Governor Malloy made a big economic announcement today and it will affect people in New Haven and all across the state.

It's called Innovation Ecosystem. "We are telling the rest of the world, we're ready to compete," Gov. Dannel Malloy said.

The governor stood in front of The Grove on Orange Street in New Haven. It's part office space, part coffee house. There will be four of these hubs in the state, in Storrs, Hartford and Stamford, and this one in New Haven.

The idea is to create a statewide mentor system of sorts, so start-ups can get help in things like marketing, legal advise, accounting, IT, even access to professors at our many colleges and universities.

"A growth company advisor, someone who can be on-site and helping companies really figure out how to maneuver through the difficulties of getting a start-up underway," Katherine Smith, of Economic Development Corporation, said.

The governor says, new business is what really creates the majority of new jobs. It's time to invest in Connecticut.

"We can, in fact, play a role as a state government in competing with and establishing the same kind of footprint that exist in California and in Boston and in New York City and elsewhere. That's what we're celebrating today," Gov. Malloy said.