Praixir Corporation is not going ahead with plans to build a new headquarters in Danbury.  The company is currently located at the Matrix Center in Danbury.  The plans reportedly became too expensive, despite a $30 million dollar loan and incentive package from the state Department of Economic and Community Development. Praxair planned to build at the Berkshire Corporate Park on the Bethel-town line.

DECD Spokesman Jim Watson said in an emailed statement that they are disappointed to learn of Praxair's decision not to move forward with the proposed construction of its world headquarters in Danbury.  But Watson says the Department understands that business decisions must be made that are best for the company, its employees, and it stockholders. 

He says they are encouraged that Praxair remains committed to Connecticut, maintaining its headquarters in Danbury and keeping high quality jobs in the state.

Company officials did not immediately return calls for comment.

Praxair employs more than 27,000 people and operates in 50 countries, supplying atmospheric, process, and specialty gases as well as high-performance coatings and related services to a wide range of industries including metals, health care, food and beverage, energy, aerospace, chemicals, electronics, manufacturing, and others.

The DECD package included a $10 million forgivable loan.  Praxair would have also been eligible for up to $20 million in tax credits through the state’s Urban and Industrial Sites Reinvestment Tax Credit Program, and up to $2.5 million in Sales and Use Tax Exemptions.