The city is seeking a $24 million grant to develop state-of-the-art facilities on the site of the former Torrington Company at 70 North St. and to expand Dymax at 318 Industrial Lane. The City Council on Monday authorized Mayor Elinor C. Carbone to submit a proposal for a $24 million grant application to the state Department of Economic and Community Development’s Innovation Cluster Program. The state will be offering $100 million in such grants over the next five years, Economic Development Director William Wallach said during a presentation. The $54.1 million project includes a one-to-one match from the city, which is a requirement of the grant, Wallach said. It will be achieved through an investment by IRG, a loan from Connecticut Green Bank – facilitated through Fuel Cell Energy – and DECD tax rebates.
Torrington seeks grant to develop state-of-the-art industrial facility