Please ensure Javascript is enabled for purposes of website accessibility
September 30, 2023

#10 Firm CohnReznick Borrowed a Few Bucks From the State of Connecticut

$508 million in revenues and 274 partners couldn't dig deep into their own pockets to find $1.2 million? Seems legit:

Accounting firm CohnReznick, which has Glastonbury and Farmington offices, is going to consolidate its area operations in downtown Hartford's Metro Center with help from a $1.2 million state loan, Gov. Dannel P. Malloy said.

The firm has pledged to retain its 196 local jobs and to create 40 more within four years. If it hits those promises, the state will forgive half of the 10-year loan, which has a 2 percent interest rate and deferred payments for the first five years.

Those are some pretty good terms, the only lender with more generous terms is the Federal Reserve and good luck getting those guys to lend you money if your name isn't Chase.

CohnReznick now ranks #10 on the Accounting Today Top 100 — who else among the Top 10 borrows money from the state? Who cares, half of it is free money anyway. Well, for CohnReznick anyway. Sorry, taxpayers, sucks to be you as usual.

Here is the full press release from the governor's office for your reading pleasure.


CohnReznick Hartford press release

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

Prager Metis building in Decentraland

Prager Metis Just Got Thoroughly Boned By the SEC For Hundreds of Independence Violations

It’s not every day you get to witness a firm getting hit with HUNDREDS of independence violations in one fell swoop. Well today Prager Metis got the independence violation high score in an SEC complaint alleging a mess of them. From the SEC: The Securities and Exchange Commission today announced charges against accounting firm Prager […]

what in the actual hell on a sign

This Shady Chattanooga Accounting Firm Just Went Down in Flames and Still Owes Staff Months of Pay

Ed. note: the original story included quoted, attributed text from Chattanooga Times Free Press. We’ve removed this quote by their request after receiving a nasty email. Chattanooga Times Free Press has written quite the story about legacy accounting firm Croft & Frost abruptly laying everyone off earlier this week after months of issues making payroll. […]