“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
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
2024 State Rankings
Top 10 Tech Talent Pipeline
2024 State Rankings
#3 Tech Talent Leaders (Under 50k): Hartford
2024 Metro Rankings
Top 10 Fintech Leaders: Hartford
2024 Metro Rankings
Top 10 Housing Growth: Hartford/East Hartford/Middletown
The manufacturer of radio frequency components is planning to invest in growth opportunities, creating more than 120 jobs at its Stafford, CT locations.
