The Frito-Lay division of Purchase-based PepsiCo Inc. is getting a $3 million grant from the state of Connecticut for a 100,000 square-foot expansion at a production plant in Killingly, Conn.
In addition, the Connecticut Development Authority approved a sales-and-use tax exemption of up to $1.5 million on construction materials for the project, which among other improvements will include a larger wastewater treatment system.
The project is expected to preserve 500 jobs and cost $66 million in all, with Connecticut”™s contribution coming under the state”™s Urban Act grant program.
“When the state is looking to invest in a company, we take many factors into account ”“ including the depth of the company”™s commitment to Connecticut”™s people and communities,” said Gov. M. Jodi Rell, in a statement. “Frito-Lay is one business that has shown it is deeply dedicated to the state, its workers and our environment.”
Frit0Lay has its main offices in Plano, Texas. For the quarter ending March 20, Frito-Lay had a $770 million operating profit on nearly $3.1 billion in revenue.
