ANNOUNCEMENT 16 Oct 2013
The incentives package included both an $8 million loan and a $3.5 million grant.
NUMBER OF INTERVENTIONS
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.