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Norwalk Firm Gets State Loan to Create 200 Jobs

NORWALK, Conn. – Two hundred new jobs are coming to Norwalk thanks to a $2 million investment from the state in FactSet Research Systems.

The State Bond Commission has approved funding for FactSet’s expansion, Gov. Dannel Malloy announced early this week.

FactSet is a financial data and software company that provides analysis, portfolio managers and other investment professionals with access to financial data.

“The key to getting the economy back on track is helping companies like FactSet grow and hire new workers,” State Sen. Bob Duff , D-Norwalk, said.

The $2 million loan to FactSet is intended not only to add jobs, but also help the company retain existing jobs. If the company creates 200 jobs over the next five years, the loan would be forgiven.

“By changing how the state partners with business, reducing bureaucracy and speeding up how we invest and support Connecticut companies, we are setting the stage for an economic revival,” said Malloy.

“I’m encouraged by the governor’s continued commitment to increasing jobs in lower Fairfield County and the state of Connecticut as a whole,” said State Rep. Bruce Morris , D-Norwalk.

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