Shelton Legislators Applaud $150,000 Funding Commitment to Local Company

Hartford – State Senator Kevin C. Kelly (R-21) and State Representatives Jason Perillo (R-113) and Larry Miller (R-122) applauded the decision to award $150,000 in funding from Connecticut Innovations to NXT-ID, Inc. of Shelton on Monday, January 28th.

“Our state must focus more closely on economic growth and jobs,” said Senator Kevin Kelly. “Thanks to this funding by Connecticut Innovations, NXT-ID will be able to move forward with its mobile commerce, biometric access control and other advanced products. I applaud this commitment to Shelton and hope this initial step lays the groundwork for future innovation and jobs.”

“This is an important investment for Shelton and the region,” said Rep. Jason Perillo. “Economic development, and improving the conditions that lead to higher employment in the region continue to be among our highest priorities, and this investment will help expand the ability of NXT-ID to contribute to that overall effort.”

“With continued economic hardship and high unemployment, investments like this are essential to our region,” said Rep. Larry Miller. “I am pleased to see these funds go to a local company doing great things, and I look forward to seeing how they will make use of this assistance.”

NXT-ID, Inc. is a technology company based in Shelton, Connecticut. It is focused on developing mobile commerce, law enforcement and biometric secure access control products, solutions and services. To learn more about NXT-ID, please visit their website at www.nxt-id.com.

Connecticut Innovations is a quasi-public corporation providing equity, debt and bond financing and other forms of financial assistance to companies in all stages of the business life cycle, from startup to later stage. Their initiatives are designed to grow the state’s economy and technology base and to stimulate business investments and job creation. For more information, please visit their website at www.ctinnovations.com.