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Gov. Malloy: NewOak Capital Establishes New Operations in Danbury
Governor Dannel P. Malloy, joined by Department of Economic and Community Development (DECD) Commissioner Catherine Smith, and state and local officials, today announced that NewOak Capital, a financial services firm based in New York City, will establish NewOak Credit Services, LLC in Danbury. The expansion is expected to create up to 100 new jobs within three years.
Gov. Malloy: Company Expansions in Wethersfield and Sprague Will Create and Retain 274 Jobs in Five Years
Governor Dannel P. Malloy today announced $5 million in loans to support the expansion of three Connecticut small businesses. The funding will help businesses in Wethersfield and Sprague expand operations, retain 156 jobs, and create 118 new jobs.
Gov. Malloy: $10 Million Awarded to Clean Up Brownfield Sites
Governor Dannel P. Malloy, joined by Department of Economic and Community Development (DECD) Commissioner Catherine Smith, today announced that DECD awarded $10,507,339 in loans and grants to remediate nine brownfields located throughout the state. Clinton, Hartford, Middletown, New Haven, Vernon, Waterbury, and Watertown will use the funding to clean up the polluted properties and redevelop the sites for affordable housing and mixed use development.
Gov. Malloy Directs Additional Agencies to Implement Lean Processes that Create Further Efficiencies & Cost Savings
Governor Dannel P. Malloy today announced that he has directed the commissioners of each remaining state agency to begin implementing specific project management processes that have already shown positive results in several state agencies and are designed to maximize customer value while minimizing waste, create efficiencies, and ultimately save taxpayer dollars.
Gov. Malloy: Small Business Program on Track to Create and Retain Thousands of Connecticut Jobs
Governor Dannel P. Malloy, joined by Senate President Donald Williams, Speaker of the House Brendan Sharkey, and Department of Economic and Community Development (DECD) Commissioner Catherine Smith, held a ceremonial bill signing today for Public Act 13-2, An Act Making Manufacturing Assistance Act Funds Available for the Small Business Express Program. The legislation permits DECD to administer $60 million in funding under EXP guidelines rather than under the Manufacturing Assistance Act, where it was originally allocated.
Gov. Malloy: Navigators Group Moving Corporate Headquarters from NY to CT
Governor Dannel P. Malloy today announced that The Navigators Group, Inc., an international specialty insurance holding company, will move its corporate headquarters and additional operations from New York to Stamford, Connecticut. The project is expected to create 200 jobs in the state within the next five years.
Gov. Malloy: Small Business Development Center Partners With Public, Private and Higher Education Institutions to Strengthen Small Businesses and Create Jobs
Governor Dannel P. Malloy, joined by Small Business Administration (SBA) Associate Administrator for the Office of Capital Access Jeanne A. Hulit, Department of Economic and Community Development (DECD) Commissioner Catherine Smith, University of Connecticut Vice President of Economic Development Mary Holz–Clause, and Business Council of Fairfield County President and CEO Chris Bruhl, today launched the state’s newest economic development tool, the Small Business Development Center (SBDC).
Gov. Malloy: $29 Million Investment to Bolster Housing Efforts
Governor Dannel P. Malloy today announced a state investment of more than $29 million in nine housing developments in Brookfield, Canaan, Hartford, New Haven, Vernon, and West Hartford.
Gov. Malloy: Economic Development Initiatives Help Small Businesses Create Jobs in Connecticut
Governor Dannel P. Malloy and Department of Economic and Community Development (DECD) Commissioner Catherine Smith today visited four small businesses in Manchester, Meriden, New Haven, and Stamford that are participating in the state's Small Business Express Program (EXP). The program, administered by DECD, offers grants and matching loans to Connecticut companies with 100 or fewer employees.
Gov. Malloy: Recycling Market Development Council Will Strengthen Economy, Create Jobs, and Protect Environment
Governor Dannel P. Malloy, joined by Department of Energy and Environmental Protection (DEEP) Commissioner Daniel Esty, Department of Economic and Community Development (DECD) Commissioner Catherine Smith, and state leaders, today announced the formation of the Recycling Market Development Council to expand and strengthen Connecticut's efforts to recapture valuable materials that are in the waste stream.
Gov. Malloy: Investment in Precision Manufacturing Will Create Jobs
Governor Dannel P. Malloy today announced that the State Bond Commission voted to approve a $5 million loan to APS Technology, Inc. a global provider of high technology and services to the oil and gas drilling industry.
Gov. Malloy, Lt. Gov. Wyman, Business Leaders Discuss Small Business Growth and Economic Development
Governor Dannel P. Malloy, Lieutenant Governor Nancy Wyman, and Department of Economic and Community Development (DECD) Commissioner Catherine Smith today hosted a roundtable discussion at the Capitol with more than 30 Connecticut businesses that have received funding through the Small Business Express (EXP) program.
Gov. Malloy Announces New Tenant at Colt Gateway
Governor Dannel P. Malloy today announced that Foley Carrier Services, LLC has relocated its operations from Glastonbury to a 17,000 square foot space in the South Armory of Colt Gateway in Hartford. The move brings 110 jobs to Hartford immediately, with plans to add up to 70 new jobs within three years.
Gov. Malloy: Report Reviews Economic Development Potential for State's Deep Water Ports
Governor Dannel P. Malloy today announced the completion of the Connecticut Deep Water Port Strategy Study which was commissioned by Connecticut's Department of Transportation (DOT) to guide the development of a long-term economic development strategy for the deep water ports in Bridgeport, New Haven, and New London. The study makes recommendations to protect existing commercial operations at these ports, and identifies new opportunities for business growth.
Gov. Malloy: Charter Communications Establishing Corporate Headquarters in Connecticut
Governor Dannel P. Malloy announced today that Charter Communications, Inc., a Fortune 500 company and the fourth-largest cable operator in the United States, plans to establish its headquarter office in downtown Stamford. Charter will invest more than $10 million and intends to bring 200 jobs to the area, which includes the majority of its executive officers. Charter will lease an approximately 70,000 square foot space at 400 Atlantic Street.