A development zone created around Waterbury-Oxford Airport last summer is about to get its first member business, Gov. Dannel P. Malloy’s office announced.
The Connecticut Airport Authority has approved a pre-application from Autonomy Technology Inc., which distributes electrical products to the portable power market. It would be Autonomy’s first facility in the Northeast. The company has operations in Las Vegas, Alaska and Oregon.
The development zone, similar to one around the larger Bradley International Airport, offers tax incentives to businesses that acquire or lease idle facilities, or that construct, substantially renovate or expand existing ones.
The incentive is a five-year, 80-percent local property tax abatement and a 10-year corporation business tax credit.
Like a number of the state’s smaller airports, Waterbury-Oxford is not served by any passenger airlines, but offer charter services.
