Connecticut Airport Authority Moves Economic Development Zone Forward with First Business Approval

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WINDSOR LOCKS, Conn. – East Granby manufacturer Nufern is
the first Connecticut business to avail itself of the state’s new Bradley
Development Zone near Bradley International Airport. The state’s
quasi-public Connecticut Airport Authority (CAA) has approved Nufern’s final
application to be eligible for a host of tax incentives offered to companies
that expand and support economic growth around the Airport.

Nufern, a global company that designs and manufactures specialty
optical fibers, fiber lasers, and amplifiers, is expanding its facility from
65,000 to 95,000 square feet.

“The Bradley Development Zone incentives helped Nufern gain corporate
support for an expansion in Connecticut.  Working through the application
was straightforward and transparent.  We admire the CAA team for
implementing the program so efficiently,” said Martin Seifert, President of
Nufern.

“Nufern’s inaugural status is a significant step for the Bradley Development
Zone, an important initiative,” said CAA Chair Mary Ellen Jones. “The CAA is
pleased to be able to respond quickly to the opportunities associated with
the Bradley Development Zone and ensure this job-growth program moves
forward.”

East Granby First Selectman James M. Hayden – who also serves as chair of
the Bradley Development League – today applauded Nufern and the CAA for its
positive first step. “East Granby is delighted that Nufern continues to
invest in our town and in Connecticut by adding a 30,000 square foot
addition to their current building,” said Hayden. “Nufern’s investment adds
jobs, adds to the local tax base and adds to the growing number of high tech
businesses in town. We are pleased that East Granby-based Nufern is the
first company to utilize the new Bradley Airport Development Zone and its
incentives and look forward to their continued success.”

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.

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 CAA 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.

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