With a $1.8 million state loan at 2 percent interest, LifeCare Inc. plans to add 200 jobs to its current Connecticut workforce of some 165 people.
Connecticut is also providing Peter Paul Electronics a $2.5 million loan to move coil operations to New Britain from Puerto Rico, creating 75 jobs over five years in addition to the 125 employees it currently has.
LifeCare provides a wide range of programs intended to boost employee productivity and loyalty, including varying advisory services for health, finance, and family services, among others. Some 61,000 companies use LifeCare”™s services, covering 51 million members.
In February LifeCare promoted Doug Klinger to CEO, replacing LifeCare founders Peter and Jeff Burki. Klinger previously was president of Massachusetts-based Monster Worldwide Inc.”™s North American operations, and before that held the same title at Cigna Health Services.
LifeCare”™s expansion will cost $3.7 million in all, as the Shelton-based company upgrades its Web capabilities. The Connecticut Department of Economic and Community Development will forgive as much as $750,000 if Life Care meets its job targets.
