New London, Connecticut Pfizer HQ to Electric Boat for $50M
The state of Connecticut has extended $15 million over three years to Electric Boat. The company must maintain its current 2,300 jobs and create the 700 to receive the funds.
Pfizer paid $300 million for the facility 10 years ago.
Electric Boat will also employ at least 3,000 workers in Fort Trumbull, Connecticut. It plans to invest $100 million in improvements to its facility there and in Groton. In May the company added 450 jobs at its Quonset, Rhode Island plant.
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