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Malloy Announces 7 New Jobs in CT, at Minimum $100,000 Cost to Taxpayers

April 18, 2018 By Staff
Malloy Announces 7 New Jobs in CT, at Minimum $100,000 Cost to Taxpayers

Mayborn Group is moving to Stamford, Connecticut and creating seven new jobs, but at the very least taxpayers will fork over $100,000 in a matching grant.

Gov. Dan Malloy (D-Conn.) took to his website to again announce a company is moving from Massachusetts to Connecticut.

Governor Dannel P. Malloy today announced that Mayborn Group, a global manufacturer of baby products, has relocated its U.S. headquarters from Norwood, Massachusetts to Stamford, Connecticut. The company currently employs 16 and plans to add an additional 7 workers by 2019.

“This is the latest example of an international company seeing tremendous opportunity in our state,” Governor Malloy said. “Connecticut offers many competitive advantages for companies, and we are thrilled to now have Mayborn call Connecticut home.”

What will those seven new jobs cost Connecticut taxpayers? At least $100,000.

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In the penultimate paragraph of Malloy’s announcement is this nugget:

The company is leasing approximately 5,000 square feet of space at 1010 Washington Boulevard. The Department of Economic and Community Development (DECD) is supporting the project with a $300,000 loan and $100,000 matching grant through the Small Business Express program.

Even if the $300,000 loan is repaid in full, Connecticut taxpayers will pay, yet again, for a business to create a few jobs in the state.

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