IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 16 Oct 2013 | Removal date: open ended
Still in force

State loan

On October 16, 2013 The Navigators Group, Inc. — an international specialty insurance holding company — agreed to relocate its corporate headquarters from Rye Brook, New York to Connecticut. The state provided financial assistance for the company’s $25 million expansion and relocation project through the Next Five program of the Department of Economic and Community Development. The agency provided a 10-year, $8 million loan at no interest for new equipment, facility upgrades, and other eligible project-related costs.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

713 Insurance & pension services, excl. social security

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