(Reuters) A Connecticut commission has scheduled a vote on Friday on a proposed $22 million grant to Bridgewater Associates, one of the world’s largest hedge funds, to help it expand its operations in the state. The plan has support from some Connecticut officials but has also drawn fire after the state slashed spending, laid off workers and froze pay.
The grant would help Westport-based Bridgewater expand facilities in Westport, Wilton, and Norwalk, according to documents posted on the website of the State Bond Commission, which will discuss the grant on Friday. The hedge fund is required to create 750 new jobs by 2021 on top of the 1,402 it employs in the state.
Funds also include $2 million for employee training and $3 million for alternative energy systems.
