Connecticut Airport Authority grants 10-year tax break to Nufern to help finance plant expansion
The authority voted unanimously to approve tax incentives for Nufern, including a 10-year corporate business tax credit beginning in 2013 which will help finance its newly completed multimillion dollar 30,000-square-foot addition to its 65,000-square-foot Airport Park Road facility.
“East Granby is delighted that Nufern continues to invest in our town and in Connecticut,” said East Granby First Selectman James Hayden, who as well chairs the Bradley Development League.
The action on the applications from Nufern
The action on the applications from Nufern and Metal Finish show the benefit of the airport authority being in charge of the state’s six airports, or rather than the state Department of Transportation. The transportation department relinquished control to the quasi-public authority effective in October to facilitate economic development.
The airport authority, in consultation with area towns and businesses, began developed the zone’s policies and procedures in January, adopted them at the May meeting, and approved a final application and a preliminary application on June 21. "Working through the application was straightforward and transparent,” Nufern President Martin Seifert said. “We admire the CAA team for implementing the program so efficiently.”