Data-management software maker Core Informatics LLC will get a $3 million state assistance package to expand its Branford headquarters.
If the Bond Commission approves the funding later this week, the Department of Economic and Community Development would provide a $2.75-million, 10-year loan to Core with an interest rate of 2 percent. The state would defer the first three years of principal on the loan.
DECD would forgive $1 million of the loan if Core retains 15 jobs and creates 69 new ones by 2019.
DECD would also provide a $250,000 grant.
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Core plans to invest $5.4 million in the headquarters expansion.
The company’s software analyzes and manages data generated by researchers in the biotech and life sciences industries.
