CBIA Members Win Small Business EXP Grants
Two CBIA-member companies are among the most recent recipients of grants from the state’s Small Business Express Program (EXP). EXP was created as part of the bipartisan jobs bill passed during last October’s special legislative session.
Marlborough Plastics Inc., and Centerplan Construction Company (Middletown) will receive EXP grants to expand their businesses and create jobs, according to Governor Malloy.
Marlborough Plastics Inc. has specialized in plastic injection molding and engineered thermoplastics in aerospace, computer, defense, electronic, engineering, health care, OEMs and sporting goods application for more than 40 years.
The company recently built a new 11,250-square-foot facility in Marlborough, and will receive a $100,000 matching grant to purchase new machinery and equipment. The project will retain six jobs.
Centerplan Construction Company of Middletown was established in 2008 to serve the construction needs of its sister company Centerplan Development. Since then the company has grown, and is now planning to expand its space and operations.
DECD has awarded Centerplan a $100,000 matching grant for the build-out and fit-out of additional office space and for equipment. An additional $500,000 loan was awarded through the Small Business Revolving Loan Fund.
The company plans to add five employees to its 31-member staff in 2012 and 20 to 25 in the next five years.
For more information about EXP or to apply for the program, visit the Small Business Express Program website or contact Michelle Lugo at DECD at 860.270.8052 or email@example.com.
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