By Keith M.Phaneuf
The State Bond Commission today approved $22 million in financing to help Westport-based Bridgewater Associates, one of the nation’s largest hedge funds, to expand in Fairfield County.
But Democratic state Comptroller Kevin P. Lembo, a potential Democratic gubernatorial candidate in 2018, joined with a prominent Republican state representative to oppose assistance for Bridgewater.
Both Lembo and Rep. Chris Davis, R-Ellington, argued it was imprudent to dedicate scarce state resources to a firm that manages more than $130 billion in global investments.
Gov. Dannel P. Malloy, who chairs the 10-member bond commission, countered that Connecticut competes daily with neighboring states for businesses and jobs.
