A Stratford commercial restoration and roofing company has been awarded a $100,000 matching grant to renovate a new and larger facility, Gov. Dannel P. Malloy's office announced Monday.
Domack Restoration, LLC, of 134 Benton St., Stratford, is receiving the funds via the state's Small Business Express Program, which was part of the passed during last year's special session.
"The Small Business Express program is giving businesses on Main Street, Connecticut exactly what they need -- the chance to grow," Malloy said in a statement. "By providing small infusions of capital, we can create or retain jobs for our residents and support the local economy."
Malloy said Domack's project, of which the company is investing $247,966, involves environmental remediation, construction and the purchase of computer software, hardware and office equipment. The company will also hire five new positions while retaining 20.
"People need jobs and we need to continue to work to help businesses create jobs," State Sen. Ed Gomes (D-Stratford) said in a statement. "Programs like Small Business Express demonstrate Connecticut's commitment to improving the economy for the state's middle class families."
The program offers loans and matching grants to companies in the state with fewer than 50 employees. It will provide $100 million to help the state's small businesses hire more employees and fund capital investments, Malloy's office said.
