Daily News
From Home Furnishing Business
Bob’s Discount Furniture Expands Creating 125 New Jobs
March 30,
2016 by in Business Strategy, Economic News, Industry 
Governor Dannel P. Malloy announced yesterday that the headquarters of Bob’s Discount Furniture in Manchester, CT. will expand with a new project that will significantly increase the company’s space, retain 326 people, and create 125 new jobs in the next five years.
The company is planning to build a new 103,000 square foot building adjacent to its current 90,000 square-foot-facility in Manchester. The new building will accommodate future growth and serve the company’s long-term operating requirements – consolidating management and administrative functions of the business from across other states within a single dedicated corporate campus in Connecticut.
The Connecticut Department of Economic and Community Development (DECD) will provide a ten-year, $7 million low-interest loan to support the project. State funding may be used for machinery and equipment and leasehold improvements. IN addition, the company is eligible for a $1.7 million grant to train employees and up to $11 million in tax credits through the Urban and Industrial Sites Reinvestment Tax Credit Program.