The state is providing $800,000 in loans to help a Shelton-based manufacturer expand its employment base in Connecticut.
Gov. Dannel Malloy said Thursday the state is providing the financing to Inline Plastics Corp., which will use the money to purchase and install new machinery and equipment and add 18 jobs.
The Department of Economic and Community Development will assist the project with a 10-year, $500,000 loan, while the Connecticut Development Authority will chip in with $300,000 in financing.
Tom Orkisz, president of Inline Plastics Corp., said, the assistance “made the difference between establishing our new thermoforming line in Connecticut versus our Georgia plant.”
Inline Plastics Corp. is a 42-year-old manufacturer in the thermoformed plastic food packaging industry.Â
Its products are used in the packaging and retailing of food, primarily baked goods, deli items, fresh-cut produce, nuts and candy. The company operates nationally in the United States with two east coast manufacturing and distribution operations and one western operation.
Inline Plastics, with 196 employees, maintains its corporate headquarters and primary manufacturing plant in Shelton . Other Connecticut facilities include a warehousing and distribution center in Shelton, and a research and development/engineering department in Milford.
