Connecticut giving $81 million in aid to 16 companies

Electric Boat workers prepare submarine Illinois for rollout on July 24, 2015. (Photo: General Dynamics Electric Boat)

HARTFORD — The state of Connecticut will be handing out nearly $81 million in grants and loans to help 16 companies relocate, expand and create jobs.

Gov. Dannel P. Malloy says the companies are expected to add nearly 3,900 new jobs and retain about 15,000 others. The state Bond Commission approved the funding Friday.

General Dynamics’ Electric Boat is getting the largest loan — $35 million to help buy machinery and equipment for expanding operations in Groton and New London. The company is expected to create nearly 1,900 new jobs and retain 11,300 others. The company’s expansion project is estimated at $852 million.

PricewaterhouseCoopers will receive a $9 million grant for its $20 million expansion project in Stamford. The company plans to add 400 new jobs and retain more than 900.