The world’s biggest hedge fund, Bridgewater Associates, is poised to receive $22 million in financial aid from Connecticut in an effort to keep it from moving its headquarters out of the state.

The financial commitment to Bridgewater, the $150 billion fund founded by the billionaire Ray Dalio, is occurring as Connecticut is fighting to keep companies from leaving the state after a tax increase last year. In January, General Electric announced it would move its Fairfield, Conn., headquarters to Boston after 41 years.

The money will go toward the expansion of Bridgewater’s headquarters in Westport and facilities in Wilton and Norwalk, according to the State Bond Commission. A commission meeting on Friday approved the funding, which includes $2 million for employee training and a $17 million loan. If Bridgewater creates 750 jobs over the next five years the loan will be forgiven.

An earlier proposal by Bridgewater to build a $750 million campus in Connecticut was withdrawn in 2014 because of public opposition to the project, according to a local news report.