Producers say CT’s Manufacturing Innovation Fund helping sector’s ramp up

Producers say CT’s Manufacturing Innovation Fund helping sector’s ramp up

(Hartford Business Journal, 10/8/18)

Tom Lyon was eyeing a new piece of equipment for his Manchester company, Lyco Inc. The $60,000 price tag was out of his budget, but he knew he needed the upgrade to keep up with larger competitors.

So Lyon, whose family owned company recycles and re-manufactures office furniture and cubicle systems, applied and qualified for a $33,000 matching grant through the Connecticut Manufacturing Innovation Fund, which covered half the cost, plus associated electrical upgrades and training.

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