Connecticut Gov. M. Jodi Rell recently announced that a $199,000 loan has been awarded to NESSteel, Inc. to support its expansion project in Tolland.

The $199,000 loan will be used to purchase machinery and equipment and make leasehold improvements at their newly constructed, 45,000 square foot facility in the Tolland Industrial Park. The new plant combines the company’s operations under one roof, allowing it to provide more efficient service to a wider customer base.

NESSteel, Inc. is a processor of specialty steels. The company sells tool, mold, alloy and carbon steels and provides extensive grinding and milling services to its customers.

The Small Manufacturers Competitiveness Fund provides targeted and streamlined funding to smaller manufacturers. The Fund, administered by the Department of Economic and Community Development (DECD), offers loans and other assistance to help small manufacturers remain or become competitive when faced with challenges from foreign and out-of-state manufacturers.

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