The state Bond Commission on Tuesday authorized $31 million in general obligation bonds to cover loans and grants to eight companies in exchange for investment and job creation.
The projects, many of which were previously announced, include:
- Icahn School of Medicine at Mount Sinai, Branford – $9.5 million loan for leasehold improvements and operating costs for the genetic sequencing lab, which has pledged to create 145 jobs within five years.
- Leipold Inc., Glastonbury – $3 million loan for machinery and equipment. The manufacturer has pledged to retain 40 jobs and create 10 within four years.
- Habco Industries, Glastonbury – $2 million loan for machinery and equipment. The manufacturer has pledged to retain 42 jobs and create 37 within four years.
- Farrel Corp., Ansonia – $1.75 million loan to assist with construction of a new facility. The manufacturing equipment maker has pledged to retain 79 jobs and create five.
- Praxair Corp., Danbury – $10 million loan for an expansion of operations. The industrial gas distributor has pledged to retain 545 jobs and create 120 within five years.
- R&D Dynamics Corp., Bloomfield – $2.3 million loan for an expansion. The company has pledged to retain 72 jobs and create 38 in five years.
- Windsor Marketing Group, Suffield – $1.5 million loan to expand a facility. The marketing company has pledged to retain 138 jobs and create up to 27.
- GKN Aerospace Service Structure Corp., Cromwell – $1 million grant-in-aid to help advance the company’s capabilities in organic and ceramic matrix composites. GKN has pledged to retain 112 jobs and create 100 within six years.
