Contact: Dan Doyle
February 20, 2013
DURHAM, CT—Twenty new jobs are coming to Durham. Senator Ed Meyer (D-Guilford) today visited Technical Manufacturing Corporation (TMC), a small, woman-owned manufacturer in Durham. TMC received financial assistance through Connecticut’s Small Business Express Program that was passed by the legislature last year. The loan and grant that TMC received have allowed it to expand its manufacturing operation and hire four new employees in the last three months. It is projected TMC will eventually create twenty new jobs as a direct result of the Small Business Express Program.
“In this difficult economy, the importance of Technical Manufacturing Corporation creating twenty new opportunities for a family to earn a living cannot be understated,” remarked Senator Meyer. “Fred Bonito and his family have built an impressive business here in Durham, and it is a testament to the strength of the manufacturing industry here in Connecticut.”
TMC was established in 1985 and has gone on to manufacture specialty electronics parts that have been used in submarines, satellites, and in countries around the world. As specialists in circuit boards, cables, and other critical electronic equipment, TMC relies on high-precision manufacturing technologies to ensure the quality of its products. The Small Business Express Program has allowed TMC to purchase state-of-the-art manufacturing tools that guarantee their customers receive goods that meet the highest standards of safety and performance.
“I am a very strong believer that manufacturing is where you create jobs,” said TMC Vice-President Fred Bonito in an earlier conversation. “Every manufacturing job that is created supports five or six other types of jobs. That gives us the ability to bring capital into our State, and the State of Connecticut has been very helpful.”
Technical Manufacturing Corporation received funds through two facets of the Small Business Express Program. It received $100,000 from a low-interest loan, as well as another $100,000 in matching grant funds. The Small Business Express Program is administered by the Department of Economic and Community Development and has created and retained over 6,300 jobs across the state.
Vice-Chair: Government Administration & Elections
Legislative Office Building
Hartford, CT 06106-1591
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