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Ray Dalio

State Proposes $52 Million In Subsidies To Giant Hedge Fund

State Proposes $52 Million In Subsidies To Giant Hedge Fund

Bridgewater Associates, the world's largest hedge fund, can qualify for up to $52 million in tax credits, grants and a loan from taxpayers as it renovates and expands its headquarters in Westport, state officials say.

Bridgewater Associates, which has about 1,500 employees, originally was offered a $115 million incentives package in the state's First Five program, but it abandoned its plan to build a new headquarters in Stamford after local residents' opposition.

At the time the company began renegotiating for a package, it had $1,400 employees — almost 200 more than in 2012 — and it projects it will add an additional 750 over the next 10 years.

The state...

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