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Saturday, May 28, 2022

Stratford planning for Sikorsky Aircraft deal’s impact on local economy

STRATFORD — The town is preparing for possible job growth at the Sikorsky Aircraft plant following a state deal to keep them in Stratford until 2042.

Stratford’s main areas of focus are on the local housing market, supporting local business and infrastructure, according to Economic Development Director Mary Dean.

Gov. Ned Lamont on Monday signed a bill promising up to $75 million in tax incentives over eight years for Lockheed Martin subsidiary Sikorsky Aircraft, should the company win the government contracts to be the U.S. Army’s next supplier of Black Hawk or armed scout helicopters.

The deal will keep 8,000 jobs in Connecticut at minimum, Lamont said Monday. The deal affects more than 30,000 jobs, directly and indirectly, and 242 suppliers throughout Connecticut, according to state officials. Of those suppliers, 18 are located in Stratford.

Dean said that they plan to work with any local businesses or subcontractors who are seeing an uptick in business.

“We’ll work hard for the businesses to make sure that they have the capacity and the room they need,” Dean said.

Some measures of preparation have already been undertaken, Dean said. For example, the town instituted a job board on the Economic and Community Development Department website for local businesses to advertise their openings.

Dean mentioned the construction work done to improve the entrance and egress on Route 110, where Sikorsky’s plant is located, that was funded by a state urban action grant.

“Sikorsky is...



from News https://www.ctpost.com/news/article/Stratford-planning-for-Sikorsky-Aircraft-deal-s-17204325.php

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