Mail-equipment and data-processing provider Pitney Bowes, which has Hartford and Windsor locations, said it will keep its headquarters in Stamford because of a $15-million loan and additional tax incentives from the state, Gov. Dannel Malloy’s office announced.
In exchange for the incentives, the company has pledged to add 200 jobs to its base of 1,600 employees in Connecticut and invest $25 million in facility improvements in Danbury, Shelton and Stamford.
A Pitney spokeswoman told the Stamford Advocate the company had considered moving to Westchester County, N.Y.
If Pitney keeps its promises, the state will forgive $10 million of the loan. Pitney will also receive a sales-and-use tax exemption of as much as $1 million for capital improvements, a $1 million job training grant and up to $10 million in reinvestment tax credits, Malloy’s office said.
“For more than 90 years, Pitney Bowes has been an integral part of the Stamford community,” Marc B. Lautenbach, Pitney’s president and CEO, said in a statement. “Our long-standing commitment to Stamford and the state of Connecticut is stronger than ever. Today’s agreement allows us to continue to make investments in Connecticut as we deliver value for our shareholders and clients.”
