Last week it was announced that the State of Connecticut would provide the owners of Thompson Speedway with an $800,000 loan interest loan to help facilitate improvements of the facility and continued job growth.
As reported Jan. 8 by RaceDayCT, the state will forgive $200,000 of the loan principal if the company retains its existing 48 employees and creates 23 new positions by 2015.
“Thompson International Speedway has been part of this community for over 74 years,” read a statement from track CEO Jonathan Hoenig released by the Governor’s office. “This project shows our continued commitment to the local and regional economy as well as helping to sustain and create jobs in the northeast region of the state,” said Jonathan Hoenig, CEO of Thompson International Speedway. “We are very thankful for programs like this one put in place by Governor Malloy and the support from our state Representative Danny Rovero and Senator Don Williams, not to mention the understanding and support for all local leaders. This shows the continued commitment from the state of Connecticut government to help create jobs and grow the states regional and local economy.”