The state Bond Commission approved more than 50 agenda items Tuesday morning and approved at least $10 million in loans and grants to keep three businesses in Connecticut.
Among the items on the commissions agenda—which is controlled by Gov. M. Jodi Rell—were a $4 million loan that will keep Nestle Waters North America Inc. in Fairfield County, a $3 million grant that will expand Frito-Lay North America in Killingly, and $3 million that will relocate Oakleaf Waste Management from East Hartford to Windsor.
Nestle will use the loan in a $27.8 million project to relocate to from Greenwich to Stamford, retain 475 jobs and create 25 new jobs within the next three years. The Bond Commission approved the loan to keep Nestle in Connecticut after offers for relocation from the state of Georgia.
“We’re placing a high priority on job retention in the state,” said Department of Economic and Community Development Commissioner Joan McDonald. “Nestle now has a 10-year requirement to stay in Connecticut.”
The loan approval follows former Gov. John G. Rowland’s July 6 slam against Rell and her support of “corporate welfare” on WTIC 1080.
“This is a classic example of waste and abuse,” he said. He said he never used incentives as governor to move a company from one Connecticut location to another.
Other items approved by the Bond Commission include money for road and bridge repairs, improvements to the state Military Department, improvements for the Connecticut State Library Museum and improvements and renovations to the Community-Technical College System.
Little discussion followed most of the agenda items, but State Comptroller Nancy Wyman questioned a $5 million grant-in-aid request by the Department of Environmental Protection. The Connecticut Resources Recovery Authority (CRRA) will use the money to wrap up the closure of the Hartford Landfill, which serves 70 municipalities.
Wyman said she recalled previously granting the project $3 million in state funds.
“Will this be the last time we see this issue at a Bond Commission meeting?” she asked.
A CRRA representative explained the landfill closure was in its final stages and the west side of the landfill on I-91 should be capped off within the year.
The Bond Commission agenda also includes $10 million in funds for the state’s Housing Trust Fund Program, which provides grants or low-interest loans to support the construction of housing for low- and moderate-income families.