Joseph P. Gresko

We have been working diligently to create new jobs and improve the state economy by offering incentives to companies and making Connecticut more business friendly.

Because business owners are seeing new opportunities as our state moves forward, they are stepping up more and more to make the major investments necessary for the future of their companies. And that’s great news for everyone.

Just last week, 16 companies asked the state to assist them with their plans to relocate, expand and create new jobs throughout Connecticut. The State Bond Commission responded by approving $80.7 million in low-cost loans, grants-in-aid and other forms of assistance designed to increase economic development.

In exchange, the companies are expected to retain 15,003 jobs and create 3,876 jobs.

The job-creating projects include:

• FactSet Research Systems, Inc. (Norwalk): The over $56 million project consists of a $6.5 million grant to assist with leasehold improvements to its new headquarters location in Norwalk.  The company will retain 900 jobs and create 150 new jobs
• ITV America, Inc. (Stamford): The $8 million project consists of a $6 million loan to assist with leasehold improvements and equipment for creation of an East Coast production hub at 860 Canal Street in Stamford. The company will create 300 jobs
• PricewaterhouseCoopers, LLP (Stamford): The $20 million project consists of a $9 million grant to assist with equipment, training and leasehold improvements for expansion in Stamford. The company will retain 946 jobs and create 400 new jobs