AdvanceCT
“Connecticut’s highly skilled workforce, quality of life, and culture of innovation has positioned our state as an industry leader in aerospace and defense, precision manufacturing, insurance, medical devices, and bioscience R&D, among others, drawing companies of all sizes looking to expand and thrive.”
— Dan O’Keefe, Commissioner,
Connecticut Department of Economic and Community Development
TARGETED GROWTH SECTORS
Aerospace and Defense: From Sikorsky helicopters and Pratt & Whitney engines to Electric Boat nuclear submarines, Connecticut is the #1 state for government defense contracts per capita.
Life Sciences: From the artificial heart to stem cell study to genome research, Connecticut demonstrates its commitment to serving as a center for biomedical advances. Connecticut secured more than $742 million in National Institutes of Health (NIH) funding in 2022, the 6th most per capita in the U.S.
Insurance and Insurtech: Connecticut is the #1 location for the insurance industry in North America. Insurance is one of Connecticut’s longest standing industries and largest employers.
TOP PROJECTS
COMPANY | CITY | JOBS |
General Dynamics Electric Boat | Groton | 2,000 |
Amazon | Windsor | 1,500 |
Tradewind Aviation | Oxford | 230 |
Accenture | Hartford | 200 |
Eppendorf North America | Enfield | 200 |
FEATURED LOCATIONS
Centrally located in Connecticut, Meriden, a city of approximately 60,000, is convenient to major highways, offers aggressive business incentives, a city-owned airport, innovative schools, the highest percentage of park land of any city in New England, walking trails and unique festivals. We invite you to Meriden, where opportunity awaits!
The MetroHartford Alliance is an investor-based economic development partnership focused on business development and growth, retaining, and attracting jobs and talent in targeted sectors, ensuring a strong urban core, and promoting the Hartford Region. The Hartford Region is home to global leading companies in insurance-financial services, aerospace/defense, advanced manufacturing, broadcasting sports media, logistics and health care.
FAST FACTS
Population (July 2022 est.): 3,626,205¹
Largest Cities (2020): Bridgeport (148,271); Stamford (135,685); New Haven (133,966); Hartford (120,957); Waterbury (114,159)¹
Real GDP (2022): $252.5 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
BUSINESS INCENTIVES
JobsCT Tax Rebate Program: A tax rebate equal to 25% of the withholding taxes from net new employees, or 50% if company locates in a distressed municipality or Opportunity Zone. Minimum of 25 new jobs created. Salaries must be 85% of the median household income of municipality where jobs will be located.
Connecticut Bioscience Innovation Fund: A $200 million, 10-year program that offers focused financial assistance to startups, early-stage businesses, nonprofits, and accredited universities.
TOP BUSINESS FACILITIES RANKINGS
Top 5 Aerospace/Defense | 2023 State Rankings |
Top 5 Tech Talent Pipeline | 2023 State Rankings |
Top 5 Medtech/Medical Devices | 2023 State Rankings |
Top 10 Life Sciences Growth: New Haven | 2023 Metro Rankings |
Top 10 Manufacturing Hubs (Small): New London | 2023 Metro Rankings |
Top 10 Tech Talent Leaders (Labor Pool Under 50K): Hartford | 2023 Metro Rankings |
LATEST NEWS
Connecticut Sees Growth In Workforce, Emerging Industries
A growing population and a digital direction for the financial and insurance industries could set Connecticut up for success.
2023 Deals Of The Year
Entries for Deal of the Year awards spanned industries, investment types, and winning strategies. Here are the stories of this year’s picks.
Hartford, Connecticut – A Cost Competitive Location For Technology Companies
The MetroHartford Alliance engaged leading national accounting and consulting firm CohnReznick to compare the tax and lease costs in Hartford, CT vs. other U.S. insurance and financial services markets.