Connecticut is providing a $3 million loan to help pigment-maker Tronox Inc. establish its corporate headquarters in Stamford, Gov. Dannel Malloy announced.

Tronox, which moved from Oklahoma City, said it will create up to 100 jobs within three years as part of its $10 million capital investment in the state.

Tronox will receive the 10-year loan through the Department of Economic and Community Development at a 2% interest rate.

Should the company create 60 full-time Connecticut-based jobs within its first year in the state, $2 million of the principal would be forgiven.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.