PricewaterhouseCoopers Connecticut Expansion Will Create 400 Jobs

PwC will invest $20 million on the expansion, which includes establishing Stamford, CT as the headquarters for its Insourced Solutions for Tax (IST) division.


https://businessfacilities.com/2018/05/pricewaterhousecoopers-connecticut-expansion-will-create-400-jobs/
PwC will invest $20 million on the expansion, which includes establishing Stamford, CT as the headquarters for its Insourced Solutions for Tax (IST) division.
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PricewaterhouseCoopers Connecticut Expansion Will Create 400 Jobs

PwC will invest $20 million on the expansion, which includes establishing Stamford, CT as the headquarters for its Insourced Solutions for Tax (IST) division.

PricewaterhouseCoopers Connecticut Expansion Will Create 400 Jobs

PricewaterhouseCoopers LLP (PwC) is planning a major expansion project in Connecticut that will create up to 400 new jobs in the state over the next five years. The company plans to invest $20 million in the expansion, which includes establishing Stamford, CT as the headquarters for its Insourced Solutions for Tax (IST) division.

PricewaterhouseCoopers (PwC) Stamford, CT
(Photo: Stamford Advocate)

“PwC’s Insourced Solutions for Tax team is part of our journey towards developing a tax function that has an even greater ability to turn global uncertainty and regulatory change into new opportunities that deliver on a business’ strategy,” said Rick D’Avino, Chairman of IST for PwC. “We’re proud to establish its headquarters in Connecticut, and look forward to delivering new value for our people and clients as a result.”

PwC has the largest tax practice in the United States and the world, with a global network of 41,000 tax professionals operating in 157 countries. The company’s IST division is a globally and functionally integrated team of PwC tax professionals with the knowledge and experience to offer clients an in-house feel with customized solutions, including the efficiency and cost savings of a combined fixed and variable cost model that an accounting firm shared-resource platform can provide.

“PwC’s commitment to expand jobs in Connecticut reinforces the fact that our strategic location, quality of life, and access to a highly educated workforce makes Connecticut a tremendous place to do business,” said Governor Dannel P. Malloy. “This is one of the largest professional services firms in the world, and we are thrilled that they have decided to establish this new strategic headquarters in Connecticut. We look forward to having them as part of our business community and seeing the company continue to grow its presence in our state.”

As part of the company’s commitment to establish the headquarters in Connecticut and grow hundreds of new jobs in the state, the Connecticut Department of Economic and Community Development (DECD) will provide up to $9 million in grants for training, equipment, and leasehold improvements at PwC’s Stamford location at 300 Atlantic Street. The grants will be released in segments as certain job creation milestones are met over a five-year period.

“We’re thrilled that PwC made the strategic business decision to invest and grow in our state,” said DECD Commissioner Catherine Smith. “The fact that the company located this new unit in Connecticut speaks volumes about our overall attractiveness as a state and will provide lasting benefits to our economy.”

Relocating or Expanding Your Business In Connecticut

Considering Connecticut for your company’s relocation or expansion project? Check out Business Facilities’ Connecticut Incentives and Workforce Development Guide.

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