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: 20 Nov 2013 | Removal date: open ended
Still in force

State loan

On November 20, 2013 Governor Dannel P. Malloy announced that the shipping equipment company Pitney Bowes plans to add an additional 200 new jobs to its existing workforce of 1,600 employees in the state, under an expansion plan that will see the company investing $25 million in facility improvements, training and technology into Connecticut’s economy. The Department of Economic and Community Development reached a deal under the state’s “First Five” program that will provide the company with a $15 million loan, of which $10 million is forgivable following the creation of the 200 new jobs over the next five years. The funds will be used for enhancements in technology, capital improvements, and machinery and equipment.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

451 Office & accounting machinery and its accessories
8470 Calculating machines and pocketsize data recording, reproducing and displaying machines with calculating functions; accounting machines, postagefranking machines, ticketissuing machines and similar machines, incorporating a calculating device; cash reg
847090 Other

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