Colt Manufacturing to buy West Hartford facilities, add 100 jobs

A Colt .380 Mustang Auto Pistol (Image: Colt.com)

WEST HARTFORD, Conn. (WTNH) — Colt Manufacturing Company plans to add 100 jobs in West Hartford over the next five years.

Governor Malloy announced Friday that Colt plans to buy its West Hartford headquarters and manufacturing facility. The company emerged from Chapter 11 reorganization in 2016 and says it’s now positioning itself for growth.

The state Department of Economic and Community Development is supporting the expansion project through a $10 million loan, with up to $2 million forgiven if certain job milestones are met. State funds will be used to help in the acquisition of the manufacturing facility and the land, which has a total price of $13 million.

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s