ANNOUNCEMENT 29 Mar 2016
The state government is providing tax credits, a loan, and a training grant.
NUMBER OF INTERVENTIONS
On March 29, 2016 Governor Dannel P. Malloy of Connecticut announced that the headquarters of Bob’s Discount Furniture, a national furniture store chain, will expand in Manchester with a new project that will significantly increase the company’s space, retain 326 people, and create 125 new jobs in the next five years. The company is eligible for up to $11 million in tax credits through the Urban and Industrial Sites Reinvestment Tax Credit Program.
The Connecticut Department of Economic and Community Development will also provide a ten-year, $7 million low-interest loan to support the project. State funding may be used for machinery and equipment and leasehold improvements.