A state economic development grant that helped Glastonbury transportation compliance company relocate to the Colt complex in Hartford will be announced later today by the governor.
A source familiar with the announcement told me this morning that the grant will pay for a portion of the $2 million needed to prepare 17,000 square feet in the South Armory and parking for Foley Carrier Services.
The company relocated from Glastonbury to Colt last week, bringing about 110 employees to the city and has plans for more hiring, the source said.
The size of the grant from the state Department of Economic and Community Development couldn’t immediately be determined, but the source estimated that it may be as much as 25 percent.
A spokesman for Gov. Dannel P. Malloy declined to comment.
Foley was acquired by Andover, Mass.-based BirdDog Co, in 2010 and advises shippers and other product carriers on how to meet federal transportation guidelines on safety and other regulations. Foley also provides drug and alcohol testing
At the time of the acquisition, Foley had about 17,000 customers nationwide.
For more photos of the Colt Complex: