Connecticut Airport Authority Continues To Advance Bradley Airport Development Zone

3/18/2014

The Connecticut Airport Authority (CAA) has approved the application and issued a certificate of eligibility for Multi-Mode Logistics, LLC, which is the fifth business to be included in the Bradley Airport Development Zone (BADZ).

For Further Information Contact:
John J. Wallace, Manager of Communications – (860) 292-2107

Press Release:

CONNECTICUT AIRPORT AUTHORITY CONTINUES TO ADVANCE BRADLEY AIRPORT DEVELOPMENT ZONE

WINDSOR LOCKS, CONNECTICUT – March 18, 2014 – The Connecticut Airport Authority (CAA) has approved the application and issued a certificate of eligibility for Multi-Mode Logistics, LLC, which is the fifth business to be included in the Bradley Airport Development Zone (BADZ). The Zone provides tax incentives to companies that expand and support economic growth around the Airport.

Multi-Mode Logistics, LLC has operated in the Windsor Locks area for approximately 14 years. The company handles air freight, ocean, truck, rail and Customs Bonded shipments and has expanded its operation steadily over the past decade. They have purchased a building in Windsor Locks which meets the BADZ idleness criteria.

“We are excited to continue to expand our business footprint near Bradley International Airport with our recent property purchase at 495 North Street in Windsor Locks, said John Kumpa, President/Owner of Multi-Mode Logistics, LLC. “It has been a pleasure to work with the state of Connecticut, namely the Connecticut Airport Authority and the Department of Economic and Community Development, in order to be accepted into the Bradley Airport Development Zone.”

“The Connecticut Airport Authority is pleased to add Multi-Mode Logistics, LLC to the growing list of businesses that have been accepted in the Bradley Airport Development Zone since its creation in 2011,” said Mary Ellen Jones, CAA Chair. “This latest addition to the BADZ continues the ongoing development of the local economy in the areas surrounding the Airport.”

“The CAA has worked cooperatively with the Department of Economic and Community Development, the Bradley Development League, Metro Hartford Alliance and local municipal leaders to develop the policies and procedures for the BADZ, said Kevin A. Dillon, A.A.E., Executive Director of the CAA. “The Development Zone continues to pay dividends as Multi-Mode Logistics, LLC joins Nufern, Merchandising Partners LLC, International Transfer Service Inc., and Metal Finish Equipment and Supply Co. in taking advantage of the tax incentives as well as advancing economic development and job growth in the region.”

The Bradley Airport Development Zone extends tax incentives to airport-related business firms which utilize Bradley for distribution, manufacturing and other specified businesses that develop or acquire property in the Zone and foster job growth. A business qualifies for tax incentives associated with the program if it acquires an idle facility or constructs, substantially renovates or expands one and uses the facility for specified uses. Eligible uses include manufacturing, as well as research and development related to manufacturing and work to significantly service, overhaul, or rebuild machinery and equipment for industrial uses. Incentives are offered to eligible businesses located in East Granby, Windsor, Windsor Locks, and Suffield.

The CAA was established in 2011 to develop, improve, and operate Bradley International Airport and the state’s five general aviation airports (Danielson, Groton-New London, Hartford-Brainard, Waterbury-Oxford,and Windham). The CAA Board consists of 11 members with a broad spectrum of experience in aviation-related and other industries as well as government. The goal of the CAA is to make Connecticut’s airports, specifically Bradley International Airport, more attractive to new airlines and bring in new routes,which supports Connecticut’s overall economic development and growth strategy.

From the Bradley International Airport website


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