Work will start this summer on a major expansion of Cartus Corporation's Danbury headquarters. The project will last about 18 months and is using a $6.5 million loan from the state for part of the work. Governor Malloy was on hand for the announcement Thursday and said as part of the project, Cartus will retain 1,275 jobs in Connecticut and create as many as 200 new jobs for residents over the next five years.
Cartus President and CEO Kevin Kelleher says they looked at growing outside of Connecticut because their lease expires in 2015. But he says they decided to invest here. There is room to grow in the building, but they will also add square footage by creating a new entrance.
Greater Danbury Chamber of Commerce President Stephen Bull says he looks forward to giving Cartus the necessary support as they continue to grow here. Bull says Cartus has consistently distinguished itself as an employer of choice and philanthropic leader in the region. He added that any city would be lucky to have Cartus as a tenant.
It’s great news for greater Danbury,” said State Sen. Michael McLachlan (R-24). “Cartus is a great business partner in Western Connecticut and this incentive will help Cartus create or retain nearly 1,500 jobs over the next five years. I am pleased this quality company will grow right here in Danbury.”
“I’m very pleased Cartus has promised to stay and hire in Danbury – and I look forward to learning more about this agreement with the state to ensure the benefits to residents are greater than our investment,” said State Rep. Dan Carter (R-2). “Economic development is crucial for our region to grow and prosper, but we must always balance the costs to taxpayers.”
“I am committed to helping Danbury’s corporate infrastructure grow so that employers can afford to hire, and this commitment from Cartus is a step toward that goal,” said State Rep. David Scribner (R-107). “The employment infrastructure in Danbury has a bright future, and I believe it’s important to incentivize job creators to expand in our area.”
“This is great news for Danbury and the surrounding communities, which already support a strong economic environment and quality of life,” said State Rep. Richard A. Smith (R-108). “However, I continue to advocate for creating a stable tax and regulatory environment to draw in businesses so that taxpayer money isn’t needed to incentivize economic development.”
“I commend Cartus Corporation for its commitment to remain in Connecticut and for continuing to provide indispensable high-end jobs,” said State Rep. David Arconti (D-109). “I thank Governor Malloy for once again proving he will do what is needed to attract and keep important companies in the state.”
“Danbury has been fortunate to have a community-minded business in Cartus, and I'm delighted it is expanding here,” said State Rep. Bob Godfrey (D-110th). “This boosts our state's economy and creates local jobs, and, since Cartus is a relocation business, signals that the national economy continues to improve. This is a win for everyone.”
“As valuable members of our community the Cartus Corporation has shown their commitment to Danbury with economic contributions, charitable giving and volunteer efforts,” said State Rep. Giegler (R-138). “Their continued presence in Danbury will be good for the local economy with more jobs and more philanthropy to non-profits and other organizations and I’m pleased they’re staying here and expanding locally.”