"Connecticut is an extraordinarily beautiful state with a rich history and a strong, diverse, and hardworking citizenry," Foley said in a statement. "But many people are disappointed and unhappy with what's happening today in Connecticut."
The former U.S. ambassador to Ireland pledged to provide new leadership and a new direction for the state that will "reverse the state's tax-and-spend policies, create jobs, and fix the problem of our least fortunate citizens."
Foley will challenge incumbent Gov. Dannel Malloy, who narrowly bested Foley during the 2010 race in which Foley spent more than $10 million of his own money. Foley made his announcement at a VFW post in Waterbury.
Malloy has yet to announce whether he'll seek a second term, however a Quinnipiac poll released last June showed Foley with an early, 43 to 40 percent lead over Malloy.