Bakery On Main of East Hartford has been approved for funding that will boost Connecticut production jobs.
The funding from the State Bond Commission will help the bakery to relocate to a larger facility in a move that will more than double its workforce.
Bakery on Main has committed to creating or retaining 129 jobs for Connecticut residents over the next four years.
akery On Main will move to a new 111,000 square-foot facility at 127 Park Avenue to increase capacity, which will require 70 new employees for production to remain efficient.
The state Department of Economic and Community Development (DECD) will provide a $3 million, 10-year loan at 2 percent interest to help Bakery On Main engage in leasehold improvements and purchase new state-of-the-art machinery and baking equipment.
“This is the kind of important investment the state needs to make to help companies – big and small – thrive,” state Rep. Tim Larson (D-East Hartford) said. “It’s great to see Governor Malloy working hard to help businesses grow and create jobs. The state and local economies are improving and these kinds of investments will pay big dividends for everyone in the long run.”
“The town of East Hartford is thrilled to be a partner in the successful expansion of Bakery on Main,” said Mayor Marcia A. Leclerc. “The company will be completing a substantial investment in our Enterprise Zone area, and hiring new employees. The growth of our town’s industrial base is a great asset in our community that we will continue to build upon.”
“Bakery on Main has been a great corporate citizen since it has opened its doors, and with the state’s assistance, we are ensuring it will continue to be an asset in East Hartford and the surrounding towns,” said DECD commissioner Catherine Smith. “With substantial capital and community investments, and good local jobs for area residents, Bakery on Main is making a tremendous impact in its community.”
“When we invest in small businesses, we invest in stronger communities,” said Governor Malloy. “We are putting our state economic development tools to work to assist small businesses like Bakery on Main in their efforts to grow, create new jobs and take their operations to the next level.”