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NBC Sports moving to Connecticut

Connecticut governor Dannel Malloy is bringing businesses to the state in order to increase employment. The latest addition is NBC Sports.

Connecticut governor Dannel Malloy is bringing businesses to the state in order to increase employment. The latest addition is NBC Sports.

NBC Sports has decided to pack up and move to Stamford, Connecticut, from New York City in order to take advantage of tax breaks.

The move is planned to bring hundreds of jobs to the city of Stamford as a part of Governor Dannel Malloy's signature economic development plan.

Stamford, Connecticut, has been a growing city in regards to the film and television industry recently. In 2009, Maury Povich's show left New York City and moved to Stamford, which is also home to "The Jerry Springer Show" and "The Steve Wilkos Show." The city is also the location of the WWE headquarters.

"We have a real cluster and it's growing," Kevin Segalla, chief executive of the Connecticut Film Center, told the Associated Press. "This is a real city. There's diversity here. The arts are here."

Malloy negotiated a deal with NBC Sports as a part of his First Five initiative, which is meant to give multiple tax credits to the first five corporations that invest $25 million in Connecticut and create 200 or more jobs over five years. He's struck deals with sports network ESPN and insurer Cigna so far.

According to labor officials, Connecticut has a population of more than 6.5 million and has an 8.9 percent unemployment rate.