Machining co. creates Connecticut manufacturing jobs
Posted on August 6, 2014
TOMZ Corporation, machining company, will expand and build a new training center at its existing 95,000-square-foot manufacturing facility in Berlin, a move that will create Connecticut manufacturing jobs.
As part of the $2.3 million project, TOMZ will increase its production to meet growing demand and add 30 new jobs to its current workforce of 123 employees.
TOMZ will receive a $711,533 loan through the state Department of Economic and Community Development’s (DECD) Manufacturing Assistance Act to acquire new machinery and assist the company with the construction of a new training area equipped with state-of-the-art machining technology.
DECD will provide TOMZ the loan at an interest rate of two percent for ten years, with principal and interest deferred for two years. TOMZ will be eligible for loan forgiveness of $350,000 if it meets its job retention and creation targets.
TOMZ manufactures parts for large medical device, healthcare, laboratory diagnostic and aerospace companies. TOMZ currently works in partnership with regional vocational technical schools to train and recruit entry-level machinists and is building the training center as part of its ongoing workforce development efforts. The State Bond Commission approved the funding for the project at its last meeting on July 25.
“Governor Malloy has been a true leader when it comes to investing in our state’s economic development,” House Majority Leader Joe Aresimowicz (D-Berlin) said. “He doesn’t just talk about working with Connecticut companies to create new jobs, he takes the action steps necessary to make sure that our corporations stay and grow in Connecticut.”
“Working in partnership with the state, our local technical high schools, and our community colleges, our training academy initiative will help us build the workforce we need, and support the future of Connecticut’s aerospace, medical, and high-tech industries,” said TOMZ Vice President Tom Matulaniec. “Governor Malloy and Majority Leader Aresimowicz recognize the need for a highly skilled advanced manufacturing workforce, and TOMZ Corporation is grateful for their support of our efforts.”