Pitney Bowes to Invest in its Shelton Office

U.S. Rep. Jim Himes praised Pitney Bowes' move to invest in its Shelton and Danbury operations while expanding its Stamford business.
 
“I’m thrilled Pitney Bowes will continue its long-standing commitment to our community and take advantage of our excellent workforce and everything else Connecticut has to offer to expand in Fairfield County. Thanks to Gov. Malloy and Pitney Bowes for their work to bring 200 new, good-paying jobs to our area and for this important investment to our local economy,” Himes said.

Gov. Dannel Malloy said, "Pitney Bowes is recommitting its presence in the State of Connecticut, where it was founded more than 90 years ago.  Pitney Bowes plans to add an additional 200 new jobs to its existing workforce of 1,600 employees in the state, under an expansion plan that will see the company investing $25 million in facility improvements, training and technology into Connecticut’s economy," Malloy said Wednesday.

“We are thrilled that Pitney Bowes will remain in Stamford and intends to hire 200 additional employees in Connecticut,” Malloy added. “Pitney Bowes has been a fixture in Connecticut for over 90 years and has exciting growth plans for its future in areas such as digital commerce and location intelligence.  We are proud that the next chapter for this great company will be written in Connecticut.”

The Department of Economic and Community Development reached a deal with Pitney Bowes under the state’s “First Five” program that will provide the company with a $15 million loan, of which $10 million is forgivable following the creation of the 200 new jobs over the next five years.

The funds will be used for enhancements in technology, capital improvements, and machinery and equipment. The company will also receive a sales and use tax exemption of up to $1 million for capital improvements; a $1 million job training grant; and up to $10 million in urban and industrial site reinvestment tax credits. 

Pitney Bowes becomes the 11th company under the “First Five” program, which was created in 2011 to attract investment, spur job growth and help industries become more competitive in the global marketplace, Malloy said.