Greenwich companies receive money for job growth and relocation

December 16, 2017 by  

The Bond Commission of the state of Connecticut recently approved the funding of $56.8m to give to 13 companies in the form of grants and loans as a way to support job growth in the state.

The companies that have received the funds have committed to keeping close to 3,000 employees in the state, and also increasing the number of jobs by 1,600.

Catherine Smith, Commissioner of the Department of Economic and Community Development, commented that young firms as well as Fortune 500 corporations and companies of all sizes are investing in Connecticut by relocating to the state or expanding their existing facilities which, in the long run, will create jobs.

XPO Logistics, Inc. in Greenwich has planned a $5.5m project, of which $1.5m has been given to the company to help with equipment and leasehold improvements at its existing facility. This will keep 23 jobs and add 30 new ones.

Women’s Integrated Network, Inc. has planned a $6.8m project, of which $1.75m is a grant to help with software, research and development, equipment, and marketing as it moves its headquarters from White Plains, New York to Greenwich. This will create 58 job openings initially, and then 46 more jobs within the next five years.

Flyers are often used to inform the community of such funding and the ramifications for the economic growth of the community.