The state of Connecticut is giving the Stamford-based office technology company Pitney Bowes $10 million in forgivable loans and $17 million additional in loans, grants and tax credits, in order to keep the company in the state.
The Long Island Power Authority announced a $3.5 billion budget Tuesday. That’s $72 million less than last year before New Jersey-based PSEG took over near all operations. Deep cuts were made to deliver on promises of a rate freeze.
Connecticut Treasurer Denise Nappier announced on Thursday that the first sale of $560.4 million is going to cost the state 3.01% in interest and it will have 15 years to pay it back. Nappier says the second wave of $314.3 million has a shorter maturity and will cost the state .5% in interest.
Stamford Mayor Mike Pavia announced Thursday that there are finally plans to develop a downtown plot called Parcel 38, or as it’s locally known, “the hole in the ground.” He says the $100 million development fits Stamford’s future.