BLOOMFIELD, Conn. (AP) — Cigna announced Tuesday it will add at least 200 jobs in the next two years at its Bloomfield site in exchange for a $50 million package of tax credits and will change its headquarters from Philadelphia to the Connecticut location.

Cigna is the first company to be awarded state economic assistance under legislation initiated by Gov. Dannel P. Mallloy and enacted this year by the General Assembly. Cigna's decision is particularly important to Connecticut, which has seen much of its once-dominant insurance industry leave or be bought by out-of-state companies.

The so-called "First Five" initiative intended to consolidate various tax credits to draw the first five businesses that invest $25 million in Connecticut and create 200 jobs over five years.

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