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Area organizations slated to receive state bond money

Several area projects are set to receive funding from the state when the Bond Commission meets tomorrow.  The state Department of Economic and Community Development will provide Cartus with a $6.5 million loan to cover part of the more than $15 million estimated total cost of the expansion project.  Cartus will retain 1,275 jobs in Connecticut and create as many as 200 new jobs over five years. 

 

New Milford-based Neeltran Incorporated will receive $750,000 to match the company's million dollar investment to get new machinery and equipment.  The company will create 10 new full time jobs in two years. 

 

The Danbury War Memorial will also receive funding for a roof replacement project.

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