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News : Business Mar 18, 2014 - 11:00:09 AM

Perone applauds announcement of manufacturing funds for Norwalk

By State Representative Chris Perone's office

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State Representative Chris Perone (D-Norwalk) announced on Monday that Norwalk was chosen to be one of several towns to receive additional funding from the state’s Advanced Manufacturing Fund. The Advanced Manufacturing Fund will receive an initial investment of $25 million to help companies modernize and grow, purchase equipment and develop new technologies, and provide access to training and specialized education for workers.

“This boost of funding to an already established manufacturing hub is welcome news,” said Rep. Perone, House Chair of the Commerce Committee. “We have been hearing over and over that today’s workforce just doesn’t have the training that companies need, and this funding is a step in the right direction towards the goal of a skilled and educated workforce.”

According to the U.S. Bureau of Economic Analysis, Connecticut's manufacturing industry’s annual output rose 5 percent over the last two years and exceeds $24 billion or 10.5 percent of the state’s Gross State Product. The manufacturing industry employs 159,200 people, representing nearly 10 percent of the state’s total nonfarm jobs. Manufacturing industry wages average $76,108 a year, almost 30 percent higher than annual average wages for all industries statewide.

Representative Perone serves Norwalk’s 137th Assembly district. He is Chair of the Commerce Committee and a member of the Energy and Technology Committee.

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