NEW YORK Connecticut Gov.
Dannel P. Malloy announced that a state agency has offered a
$19.1-million loan to a new steel building product company.
The joint venture between
Adelaide, Australia-based Weeks Group and Scottsdale,
Ariz.-based Diverse Services Group LLC will be called
Sustainable Buildings Systems LLC.
The company will manufacture
building panels for homes, commercial structures and the
military. It will be headquartered in North Haven, Conn. where
it will employ 400 people.
"In the last century, the steel
industry was the backbone of our nation, providing jobs and
helping to build the middle class," Malloy said in a
"Companies like Sustainable
Building Systems represent the next evolution of that
The Connecticut Department of
Economic and Community Development will provide a low-interest
$10-million loan immediately and offer an additional
$9.1-million in loans contingent on the company hitting two-
and four-year employment targets.
The funding will go toward machinery and equipment, Malloy