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A Baltimore-based builder of prefabricated multifamily structures has been approved for a $1.5 million state tax break in return for 112 hires it plans for a new factory in Windsor.
The loan committee of Connecticut Innovations, on Tuesday, approved the tax break. The deduction will be applied against taxes on the anticipated $96 million cost of the new factory for Baltimore-based Blueprint Robotics Inc.
Blueprint, earlier this year, announced plans to build a 450,000-square-foot production facility on a vacant 62.5-acre parcel at 11 Goodwin Drive. The company produces walls, floors, roofing systems and other building components to customer specifications at its existing 200,000-square-foot Baltimore facility, then assembles them on their customers’ sites.
The Windsor plant will serve a 300-mile radius and give Blueprint the capability to produce its own cross-laminated timber, a key component of modern mid- to high-rise buildings.
Phil Siuta, chief operating officer of Connecticut Innovations, the state’s quasi-public venture investment arm, said Blueprint will have three years following the issuance of a certificate of occupancy to meet its pledge to hire the equivalent of 112 full-time employees at its new Connecticut plant.
Speaking prior to the board meeting Tuesday morning, Siuta said the tax break is offered through an incentive program meant to help attract larger employers to the state, but was not a precondition for Blueprint’s commitment to build in Windsor. He called it “a very minor ask” in return for the investment in the factory and the creation of jobs.
The committee approved the request in just a few minutes Tuesday, heaping praise on the project.
“I’m grateful for this kind of transaction,” said committee member Bob Eick. “It’s exactly why we are here; it's a homerun for the state.”
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