State Bond Commission to provide $28 million to Electric Boat

Get the weekly rundown
Sign up to receive our weekly BizBuzz newsletter

The State Bond Commission on Wednesday is expected to vote on a host of financial commitments that include $20 million for the Electric Boat submarine building facility in Groton.

EB is expected to receive $28 million total in grants-in-aid — $20 million in aid for its facility in Groton and $8 million for workforce training programs for EB and its supply chain in eastern Connecticut.

Electric Boat will use $20 million to help finance dredging to support the launches of new submarines, as well as a manufacturing superstructure being built to support new submarine construction, according to a joint statement from local state Reps. Christine Conley and Joe de la Cruz.

The Bond Commission also is expected to approve $750,000 to the Connecticut Port Authority for preliminary design for structural and utility improvements at Pier 7 at Fort Trumbull State Park in New London. The pier is used by the Coast Guard, Navy and visiting vessels.

The state Department of Education is expected to receive money to provide $594,017 to the Integrated Day Charter School in Norwich for debt repayment and building upgrades and $85,500 to C.B. Jennings Elementary School in New London for unspecified site, technology or equipment upgrades. 

READER COMMENTS

Loading comments...
Hide Comments

Stories that may interest you

Amid strike, Stop & Shop competitors see demand spike

With Easter approaching, Big Y, ALDI, ShopRite, McQuade's and Tri-Town Foods have been very busy.


Expanded antique shop showcases eclectic collection to downtown Niantic

Niantic Main Street storeowner Josh Haderski has been both working in retail and obsessed with collecting things for almost as long as he can remember.


US corporations embracing 420 as pot legalization grows

April 20 is the day stoners decades ago chose to celebrate their love of marijuana, but as pot legalization expands some mainstream brands are joining the party


More than $14,000 raised in GoFundMe for striking Stop & Shop workers

United Food & Commercial Workers International Union created the campaign on Wednesday.

TRENDING

PODCASTS