Geballe is CEO of Branford-based Core Informatics. His mother, Shelley Geballe, co-founded and ran Voices for Children for more than a decade. Voices for Children generally lobbies for increased state spending, higher taxes on businesses and a more transparent tax system.
The state aid to Core Informatics includes a loan for $2.75 million at 2 percent interest for 10 years. Principal is deferred for three years and $1 million is forgivable if the company retains 15 jobs and creates 69 more. The Department of Economic and Community Development will also grant the company $250,000 to buy office equipment.
Pittney Bowes, a First Five company, is on the bond commission agenda for $9 million in assistance. Norwalk-based Datto is on the agenda for $6 million.
Shelley Geballe is also on the board of the organization that publishes the CT Mirror.