WINDSOR LOCKS, Conn. – Sept. 20, 2012 – The Connecticut Airport Authority has approved the preliminary application of Merchandising Partners, the fourth business to potentially be part of the Bradley Airport Development Zone (BADZ). The zone provides tax incentives to companies that expand and support economic growth around the airport.
Merchandising Partners is expanding their operation by moving into a 15,600 square foot area in an idle building in Suffield, Conn.
“We are excited to grow our business in Connecticut. The Bradley Airport Development Zone was instrumental in helping us decide to expand to our new location, which provides us with 50 percent more space,” said Matt Wutka, Merchandising Partners President. “I was very impressed with the efficiency and expediency of the application process.”
“We are pleased to continue to advance economic growth around Bradley Airport with the approval of Merchandising Partners’ preliminary application for the zone. The Bradley Airport Development Zone is proving to be very successful in attracting businesses to the towns around Bradley Airport,” said CAA chairwoman Mary Ellen Jones.
“The Bradley Airport Development Zone benefits the companies in the zone by providing tax incentives while supporting the surrounding communities by advancing economic development and job growth,” said Kevin Dillon, Connecticut Airport Authority Executive Director. “The CAA established criteria for businesses applying to the zone to ensure they spur growth in the area. Merchandising Partners will achieve this by investing in the renovation of an idle building and adding jobs.”
The Bradley Airport Development Zone extends tax incentives to airport-related business firms utilizing the airport for distribution, manufacturing and other specified businesses that develop or acquire property in the zone and foster job growth. A business qualifies for tax incentives associated with the program if it acquires an idle facility or constructs, substantially renovates, or expands one and uses the facility for specified uses. Eligible uses include manufacturing, as well as research and development related to manufacturing and work to significantly service, overhaul or rebuild machinery and equipment for industrial uses. Incentives are offered to eligible businesses located in East Granby, Windsor, Windsor Locks and Suffield.
The CAA worked cooperatively with the Department of Economic and Community Development, Bradley Development League, Metro Hartford Alliance and municipal leaders to develop policies and procedures for the development zone.
Merchandising Partners, LLC is a full service provider of merchandising programs, consumer packaging, and a fabricator of machine guards and Point of Purchase displays. The company is familiar with requirements of the big box retailers, club stores, and most national brand chains, and will design packaging and displays according to their customer’s formats. Merchandising Partners completes projects in their entirety, from design through fulfillment, or focuses and any individual aspect of a given project.
The Connecticut Airport Authority was established in July 2011 to develop, improve and operate Bradley International Airport and the state’s five general aviation airports (Danielson, Groton-New London, Hartford-Brainard, Waterbury-Oxford, and Windham airports). The board consists of 11 members with a broad spectrum of experience in aviation-related and other industries as well as government. The goal of the CAA is to make Connecticut’s airports, specifically Bradley International Airport, more attractive to new airlines and bring in new routes, which supports Connecticut’s overall economic development and growth strategy.