DANBURY — Praxair is staying put.
The industrial gases company turned down offers to relocate to New York and Texas to keep its headquarters in Danbury, and is investing $65 million in a 100,00 square-foot expansion to its facility there.
This move will maintain 535 workers statewide, with growth of up to 120 jobs expected over the next five years. The company employs 27,000 people worldwide and operates in 50 countries.
The state Department of Economic & Community Development (DECD) is assisting Praxair with a $10 million loan, and the company is also eligible for more than $20 million in additional tax credits.
The company also recently announced plans to expand its nitrogen production capacity over the next two years at its Kirtland, N.M. facility to more than 800 tons of liquid nitrogen per day, more than triple its current storage capacity.
Applications are now being accepted for small businesses to get funding for the 2015 Manufacturing Technical Assistance Program (MTAP), administered by the Connecticut Center for Advanced Technology (CCAT).
Aimed at small companies (including startups) with fewer than 100 employees and in good standing with the state, MTAP provides funding and resources for projects that demonstrate a critical need for the company, including machining process and inspection process improvements, prototype development, additive manufacturing (3-D printing) and more. Emphasis will be given to projects that support manufacturing growth in Connecticut, including jobs and revenue.
Up to 15 projects are expected to be funded at up to $75,000 per project, and winning companies will have access to resources at CCAT’s Advanced Manufacturing Center.
Applications are due by noon December 31, with selections made and funding provided by January 19, 2015. Projects should start by February 15, 2015 and be at least mostly completed within six months.
More information can be found at ccat.us/mantech/process-solutions/programs/mtap.
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