Farewell To Arms, Hello To RecoveryTim Smart
Two years ago, the people of southeastern Connecticut were nervously confronting the end of the cold war. There was talk from Washington of shuttering the Groton nuclear submarine base, eliminating 4,500 jobs. At nearby Electric Boat, the General Dynamics Corp. unit that builds the subs, executives wearily planned to slash employment. Residents of an area that relies on the military for 70% of its payroll spoke of pulling up stakes and moving to the Sunbelt.
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