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SOUTH WINDSOR, CT-State officials reveal that a $640,000 loanfrom the Connecticut Development Authority has facilitated theexpansion of Keystone Paper & Box Co. The loan has allowed thefirm to acquire, renovate and move into the 50,000-sf more modernmanufacturing facility.

The company is currently based at 132 Main St. in East Windsorand is now in the process of shifting some manufacturing and HQoperations from that property to the Edwin Road building, saysKeystone controller John Goodenow. State officials say that the$640,000 CDA loan, offered in partnership with NewAlliance Bank,has allowed the firm to undertake the expansion initiative that isexpected to be complete by the end of this month. The financing wasgiven under the authority's capital expenditure program thatprovides a line of credit to the company that can be used over an18-month period. State officials pegged the expansion project atapproximately $2 million.