Magnetic Technologies expanding to Putnam CT
PUTNAM, CT
According to the Hartford Business Journal, Oxford, MA-based Magnetic Technologies, LTD will construct a new $5.26M headquarters/production facility on Highland Drive in the Putnam Industrial Park. The Department of Economic and Community Development will provide a $1.5M partly forgivable loan for the project which is expected to begin next year and bring up to 40 new jobs to Windham County by 2023.