A high technology power generation firm, Alstom, will invest $25 million dollars to modernize its headquarters in Windsor, Connecticut
. The company will also establish a new research and development site in Bloomfield, Connecticut that includes offices, a warehouse, and a laboratory. Alstom also will make energy and environmental improvements to its headquarters site and retain 1,082 jobs.
“Alstom’s team in Windsor has for decades delivered new technologies that have significantly reduced the environmental footprint of power plants in the U.S. and around the world,” said Tim Curran, President of Alstom Power U.S., Inc. “We are grateful for the support of state and local officials in keeping that industry-leading research capability here in Connecticut and look forward to having the new facility up and running.”
"We are pleased that Alstom will keep its U.S. power generation headquarters in Windsor. Their expansion plans mean that good jobs with good benefits will stay here in Connecticut," said Gov. Dannel P. Malloy. "Alstom's commitment to providing more sustainable energy solutions plays an important role in improving energy efficiency and our larger efforts to reduce rates for residents."
Alstom considered relocating the research and development operation outside of Connecticut but, with state investment, will instead renovate existing infrastructure and implement upgrades and other improvements, the Governor’s Office said. The new offices, warehouses, and the laboratory will be located in Bloomfield and are expected to be completed in 2014. The headquarters will remain in Windsor where the company will make improvements including environmental and energy upgrades.
As an incentive to keep the firm in the state, the Department of Economic and Community Development will provide a $3 million loan at 1 percent interest for a term of 10 years and a $500,000 grant to help fund sustainable elements as recommended in LEED building practices. The company may add 30 positions as part of the project, which is expected to generate as many as 304 construction and supplier jobs.
"In 2010, DECD worked with Alstom on an expansion project that was very successful. The company exceeded its job goals and it has been growing ever since," said DECD Commissioner Catherine Smith. "Alstom, an innovator in the world of clean technologies, will solidify the state's position in this growing field that is both economically and environmentally important."
The funding requires approval by the State Bond Commission, which is expected to vote on the project at its July 26 meeting.