Xerox to Stay in Connecticut after State Offers Low-Interest Loan
WNPR reports that Xerox has announced it will keep its headquarters in Norwalk, Connecticut, after it splits off into two companies, Conduent and Xerox Corporation, on December 31, 2016. The state of Connecticut will give Xerox a $4.4 million low-interest loan to retain its 150 workers in Norwalk. Xerox said it may also add between 20 and 40 jobs over four years.
The 10-year loan will also help finance the purchase of equipment and improvements at Xerox’s Norwalk headquarters.
“The Xerox Corporation’s announcement removes all uncertainty regarding the location of the company’s headquarters,” commented Connecticut Governor Daniel P. Malloy.
Conduent, which will be devoted to business-process outsourcing services, has selected New Jersey for its headquarters. Xerox will focus on office-imaging technology – including printers and copier/MFPs, their related supplies and software – and document-outsourcing.
- December 2016: Xerox Gears up for ‘Largest New Product Launch’ – 29 New ConnectKey MFPs Coming, New Dealer Recruitment
- December 2016: Xerox Appoints New Board Members, New CFO
- November 2016: Xerox Board Approves Split into Two Companies
- October 2016: Revenues Down, but Net Income up for Xerox’s Third Quarter
- October 2016: Xerox Wins 10-Year, $110 Million MPS Contract with U.S. Department of Agriculture
- October 2016: Xerox Rolls Out New Conduent Brand Logo as it Prepares for Split into Two Companies
- June 2016: Jeff Jacobson to Become CEO of Xerox Document Technology Company