Connecticut economic development officials recently announced that DCG Precision Manufacturing has been awarded a $110,000 loan for the purchase of new machinery. The funding is from the state’s Small Manufacturers Competitiveness Fund.

DCG Precision Manufacturing is a steel fabrication machine shop engaged primarily in the manufacturing of high-precision machined components. The company employs 47 full-time workers at its 35,000 square foot facility in Bethel, Conn.

The $110,000 loan from the Department of Economic and Community Development will be used to purchase a new lathe. The lathe, which costs $220,000, will provide additional machining capacity and help the company fulfill new orders.

DCG Precision Manufacturing serves a national account base of medical instrument manufacturers including U.S. Surgical, Cardinal Health and ConMed Corp., aerospace companies including Eaton, Honeywell and Safe Flight and many high-end commercial businesses such as Pitney Bowes, Cannondale Bicycle Company, Texas Instruments and Branson Sonic.

The company is approved for contract manufacturing of laparoscopic, endoscopic and orthopedic surgical instruments and as a result has become a key resource for FDA-approved suppliers of medical instruments.

The Small Manufacturers Competitiveness Fund provides targeted and streamlined funding to smaller manufacturers. The Fund, administered by the Department of Economic and Community Development, 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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