MassDevelopment has provided a $300,000 manufacturing growth loan to DieCast Connections Company Inc., a Chicopee-based manufacturer of permanent mold casting and aluminum and zinc die-casting.

The funds will be used to hire additional employees, and purchase equipment and material in support of a new product, according to a statement.

Financing for these loans comes directly from MassDevelopment’s new Manufacturing Innovation Program.

"This program has provided the additional financial resources that will allow DieCast to create sustainable growth and jobs, which is a benefit to the local economy," said DieCast Connections President Beth Zastawny.