Conn. chips in for Frito-Lay

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.