Connecticut Airport Authority grants 10-year tax break to Nufern to help finance plant expansion



Special to The Republican

EAST GRANBY, Conn. – Nufern, an East Granby optical fiber and fiber laser maker, has become the first company in the state to win final approval from the Connecticut Airport Authority for tax credits and property tax exemptions for expanding in the recently created Bradley Airport Development Zonement Zone.

The zone is in four towns surrounding Bradley, including East Granby, Suffield, Windsor and Windsor Locks.

In a companion vote, the airport authority also approved the preliminary tax incentive application of Suffield-based industrial machine maker Metal Finish Equipment & Supply Co., which has begun adding 12,500 square feet to its existing 10,200-square-foot plant on Kenny Roberts Memorial Drive. Metal Finish intends to add seven jobs over the next two years.

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.

Nufern recently closed its Maryland facility to consolidate operations in East Granby, creating 40 new jobs here to replace those in Maryland, including scientists, engineers and assembly workers.

“This is really significant, because one of the really vital roles of the CAA is to build economic development in and around Bradley,” said board member and Outreach Committee head Karen Jarmoc.

“East Granby is delighted that Nufern continues to invest in our town and in Connecticut,” said East Granby First Selectman James Hayden, who also chairs the Bradley Development League.

Nufern’s approval came just in time, Jarmoc said. “If we hadn’t approved Nufern before July 1, the start of the fiscal year, they would have had to wait another year to avail themselves of the tax incentives, rather than qualifying for the grand list on Oct. 1,” she explained.

The only thing Nufern now needs is a state certificate of occupancy.

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, 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.”

Bradley Airport Agency Takes Wing
« previous
Windsor Wins Dollar Tree Warehouse Competition
next »