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 Economic Development News 
Friday, May 03 2019

Public-Private Agreement Will Jumpstart Economic Growth, Create Jobs

New London, CT -- Governor Ned Lamont announced that the State of Connecticut and its partners have reached an agreement on a harbor development plan for State Pier in New London that will enable its revitalization and put in place the needed components to establish the region as a central hub in New England for the developing offshore wind industry.

The Connecticut Port Authority, the state’s quasi-public agency responsible for marketing and coordinating the development of the state’s ports and maritime industry, and terminal operator Gateway, are partnering with Bay State Wind, a joint venture between Ørsted and Eversource, on a new deal that will redevelop State Pier into a world-class, state-of-the-art port facility through combined public-private investment of $93 million to upgrade its infrastructure and heavy-lift capability. These upgrades will allow State Pier to meet the facility requirements of the offshore wind industry and will benefit the port’s long-term growth by increasing its capability to accommodate heavy-lift cargo for years to come.

Posted by: AT 10:43 am   |  Permalink   |  Email
Monday, December 03 2018

HR Tech Company Expected to Grow its Local Workforce to 1,700 Employees 

Hartford, CT — Governor Dannel P. Malloy announced that Indeed, the world’s number one job site, is once again expanding its presence in Connecticut.  The HR tech company, which just launched an expansion project last year, is now planning to add an additional 500 workers in Stamford, bringing its total employment in Connecticut to 1,700 workers.

Indeed plans to invest $66 million toward its expansion and is exploring real estate options to accommodate the growth. The company currently leases office space at 177 Broad Street in Stamford.

Posted by: AT 01:42 pm   |  Permalink   |  Email
Thursday, September 13 2018

Hartford, CT — Governor Dannel P. Malloy announced that Gartner, Inc., one of the world’s leading research and advisory companies, is moving forward with plans to expand its global headquarters in Stamford. The company has signed a lease for additional space at 700 Fairfield Avenue that will accommodate growth of 400 new jobs over the next five years.

Gartner, which provides business leaders with indispensable insights, advice, and tools to achieve their mission-critical priorities, employs more than 15,000 associates worldwide, including more than 1,300 that are already based in Connecticut. The company is a trusted advisor and objective resource for more than 15,000 organizations in more than 100 countries.

Posted by: AT 12:53 pm   |  Permalink   |  Email
Tuesday, July 03 2018

Project Expected to Create 330 Jobs in West Hartford at the Former UConn Campus

Hartford, CT — Governor Dannel P. Malloy announced that Seven Stars Cloud Group, Inc., will be establishing its global headquarters for technology and innovation in Connecticut, transforming UConn’s former campus in West Hartford into a thriving center for research, training, and business development. The $283 million project, called Chain Valley, is expected to create 330 jobs over the next five years.

“Thanks to our best-in-the-nation workforce, high-quality education system, and forward-looking vision, Connecticut has the potential to be a hub for investment in fintech and other high-tech industries` to our state shows that our strategy for recruiting and retaining cutting-edge employers is working. When companies like SSC decide to locate and grow here, combined with unprecedented investments in making our communities more livable and walkable, it makes Connecticut a more attractive place to live and work. Today’s announcement is a major economic milestone for the entire Hartford region.”

Posted by: AT 10:47 am   |  Permalink   |  Email
Wednesday, May 30 2018

Companies Launching New Entertainment Production Hub in Stamford, Plan to Create 450 Jobs

Hartford, CT -- Governor Dannel P. Malloy announced that award-winning entertainment production group ITV America – the largest independent producer of non-scripted entertainment content in the United States – will be relocating a significant portion of its business operations to Stamford (the company will also maintain production and office staff in its New York and Los Angeles offices). Additionally, newly launched Wheelhouse Entertainment – founded by entrepreneur and media magnate Brent Montgomery – also will be using Stamford as one of its bases of operations.

Combined, the two entertainment companies plan to create approximately 450 jobs in Stamford across areas of finance and operations, production, and post-production, and more.

“Over the last several years, Connecticut has seen significant growth among media production companies, and we are pleased that ITV America and Wheelhouse have decided to establish operations in our state,” Governor Malloy said. “Connecticut is home to more than 1,200 media-related businesses that employ over 16,000 people. These two nationally renowned production companies plan to create hundreds of good jobs for our state’s residents, and we welcome them to our community.”

Posted by: AT 09:33 am   |  Permalink   |  Email
Tuesday, May 01 2018

Company to Retain and Grow Workforce to More Than 13,000 Jobs While Investing More Than $800 Million in Connecticut

Hartford, CT — Governor Dannel P. Malloy announced an historic partnership with General Dynamics Electric Boat (EB) that will help the company grow their workforce by nearly 1,900 bringing it to more than 13,000 by 2034, allow for capital investments of greater than $800 million in the state over the next 17 years, and more than double their spending on in-state suppliers, which are located in 102 Connecticut cities and towns. Connecticut’s investment will allow EB to maintain its position as the highest-quality provider of submarines to the U.S. Navy, thus capturing additional overhaul and repair work while continuing the delivery of the Virginia Class Submarines.

“Since the American Revolution, the Provision State has earned its reputation as the Submarine Capitol of the World, thanks to our ingenuity and ceaseless resolve,” Governor Malloy said. “From helicopters, to fighter jets and submarines, Connecticut is a worldwide leader in aerospace and defense manufacturing. Our state’s partnership with General Dynamics Electric Boat will ensure that thousands of good-paying manufacturing jobs continue to grow for years to come. This isn’t just a good deal for southeastern Connecticut, it’s a good deal for residents across the state, where over 700 supply chain companies with locations in over 100 towns will see increased demand from the best submarine maker in the world.”

Posted by: AT 10:53 am   |  Permalink   |  Email
Friday, April 06 2018

Cutting-Edge, Health Information Technology Company Picks Connecticut for its Expansion Plans

Hartford, CT - Governor Dannel P. Malloy announced that Sema4, a Mount Sinai venture providing advanced genomic testing, is planning grow its presence in Connecticut by adding 408 new jobs over the next five years. The health information technology company is moving forward with expansions at its two existing locations in the state, including its recently announced headquarters at 333 Ludlow Street in Stamford and its laboratory at 1 Commercial Street in Branford. In addition, the company will soon be relocating laboratory facilities from New York City to a yet-to-be-determined site in Stamford. The move will bring the company’s job presence in Connecticut to at least 553 employees.

“We are thrilled that Sema4 has chosen to significantly expand its operations in Connecticut, bringing their total workforce to over 550,” Governor Malloy said. “It’s no surprise that this cutting-edge, health information company has decided to grow here, thanks to our first-class talent pipeline and exceptional educational institutions. Today’s announcement isn’t just about economic development, it’s about a vision we began years ago to turn Connecticut into a hub for bioscience and tech growth. Thanks to our targeted investments, that vision is coming to life.”

Posted by: AT 08:28 am   |  Permalink   |  Email
Thursday, March 15 2018

Hartford, CT — Governor Dannel P. Malloy announced that Infosys, a global leader in consulting, technology, and next-generation IT services, is planning to establish a technology and innovation hub in Hartford. The $20.6 million project will see the creation of 1,000 good paying, high-tech jobs in the state’s capital city by 2022.

“Today marks yet another landmark day in Connecticut’s economic development efforts at a time when our investments are bringing new life and vigor to our capital city,” Governor Malloy said. “I am thrilled to welcome Infosys to Connecticut and congratulate them on their decision to establish a technology and innovation hub in Hartford. Connecticut’s tremendous assets and talent pipeline continue to attract high caliber companies to the state, and I look forward to the value that Infosys will bring to our business community. 

Posted by: AT 08:43 am   |  Permalink   |  Email
Tuesday, October 03 2017

Charter Commits to Additional 1,100 Jobs in Stamford
Hartford, CT — Governor Dannel P. Malloy and Charter Communications, Inc., a Fortune 100 company and the second-largest cable operator in the United States, announced the company’s plans to build a 500,000 square foot, 15-story headquarters at 406 Washington Boulevard in Stamford. Following its commitment to create and retain 400 jobs under the state’s First Five Program in 2012, Charter has committed to create an additional 1,100 new corporate headquarters jobs and has agreed to a total of $100 million in planned capital expenditures in Connecticut over the next several years.
“Today is a great day for Connecticut,” Governor Malloy said. “Charter’s announcement to create an additional 1,100 jobs shows that our strategic investments are continuing to spur economic growth and create good paying jobs in the state. We look forward to the continued success of Charter Communications as they grow within Connecticut.”

Posted by: AT 12:55 pm   |  Permalink   |  Email
Friday, July 14 2017

Tech Company Plans to Invest $26.5 Million to Expand its Stamford Offices, Where it Will Add 500 New Jobs to its Current Workforce of 700 Employees
Hartford, CT — Governor Dannel P. Malloy and executives from Indeed announced that the internet company has plans to significantly increase its presence in Connecticut by investing $26.5 million to expand its Stamford offices, where its workforce already exceeds 700 employees. The expansion project will see the creation of as many as 500 new jobs in the coming years, bringing the company’s Connecticut job presence to over 1,200 employees.
“This is a significant win for Connecticut’s economy and a testament to the quality of our workforce,” Governor Malloy said. “Indeed is an innovative, high-tech company that has been steadily growing services and adding hundreds of new, good-paying jobs, going from a handful of employees over a decade ago to 700 working in Stamford today. The company is now poised to significantly expand again, and we welcome the company’s capital investment in our state and the growth of hundreds of high-quality jobs that will follow.”

Posted by: AT 10:28 am   |  Permalink   |  Email
Friday, June 09 2017

Company’s Investments Will Bring Jobs, Economic Activity, and Tax Revenue to the Town, Region, and State
Hartford, CT — Governor Dannel P. Malloy announced that Amazon – the largest internet-based retailer in the world – has decided to expand its presence in Connecticut with the creation of a new state-of-the-art, 855,000 square-foot fulfillment center in North Haven. The company plans to spend $255 million on the project, where it will create 1,800 jobs at the new facility.
The company, which recently opened a fulfillment center in Windsor and a sorting center in Wallingford, currently employs approximately 2,000 people in Connecticut. With the addition of the North Haven facility, that number will increase to approximately 3,800 Connecticut-based employees.

Posted by: AT 10:45 am   |  Permalink   |  Email
Wednesday, May 10 2017

Arkansas-Based SCA Pharmaceuticals to Establish a Manufacturing Facility in Connecticut

Hartford, CT -- Governor Dannel P. Malloy aannounced that SCA Pharmaceuticals, an Arkansas-based company, has decided to establish a presence in Connecticut through the creation of a new 90,000 square-foot manufacturing facility in Windsor, where the company has plans to create approximately 361 new jobs over the next four years.

SCA manufactures injectable pharmaceuticals in ready-to-administer dosages for use at hospitals and healthcare facilities.  The company helps healthcare facilities increase efficiencies and reduce costs while improving patient care.

“The commitment from SCA Pharmaceuticals to choose Connecticut for its expansion reinforces how our strategic location and world-class workforce makes our state a great place for businesses that are looking to bring their operations to the east coast,” Governor Malloy said.  “This is an important sector of our economy, and we are thrilled that this company is adding hundreds of good, high-quality jobs in our state.”

Posted by: AT 12:44 pm   |  Permalink   |  Email
Thursday, November 10 2016

Investment Management Firm Continues to Grow Presence in Connecticut

Hartford, CT -- Governor Dannel P. Malloy announced that AQR Capital Management, a global investment management firm, plans to expand its headquarters and operations in Connecticut over the next ten years — a more than $72 million project that will retain 540 jobs, create up to 600 new jobs, and significantly increase the firm’s economic impact in the state.

“AQR and its employees have spent over a decade contributing to our state, and we’re pleased that the company has committed to expanding its presence and growing jobs here for another ten years,” Governor Malloy said.  “Fueling growth in our core industries is one of the keys to our state’s long-term economic success.  Connecticut is a financial services and technology innovation leader, and firms like AQR – and the good-paying jobs they create – are demonstrating that our state is moving forward in ways that will be a great economic development boost for the region.”

Posted by: AT 09:55 am   |  Permalink   |  Email
Monday, October 10 2016

Company Will Relocate its Consumer Goods Headquarters from Arizona to Stamford, Maintain Division in Rocky Hill

Hartford, CT -- Governor Dannel P. Malloy is applauding the decision of Germany-based Henkel Corporation to relocate its Laundry & Home Care and Beauty Care headquarters across the country from Arizona to Stamford, Connecticut, where the company plans on expanding in a $50 million project that will create up to 266 new jobs in the state.

Henkel offers beauty and personal care, laundry and home care, and a broad portfolio of adhesives, sealants, and surface treatments for consumer and industrial use.  Earlier this year, the company announced the acquisition of the Wilton-based The Sun Products Corporation, a leading manufacturer and marketer of laundry care products.  With the acquisition of Sun Products, Henkel is the number two laundry and home care products company in North America.

Posted by: AT 10:23 am   |  Permalink   |  Email
Friday, June 24 2016

Jobs from Gloucester, Massachusetts Moving to Connecticut; Expansion Includes 15,000 Square-Foot Addition for Blown Film Die Production
Hartford, CT -- Governor Dannel P. Malloy announced that Davis-Standard, LLC, the leading manufacturer of extrusion machinery in the country, is expanding its primary facility at its headquarters in Pawcatuck, in a plan that includes adding 15,000 square feet of manufacturing space and over 30 jobs in the next two years to its largest global site, which currently employs over 400 people.
The facility will house the manufacturing and precision machining of advanced multi-layer blown film dies.  It also enables Davis-Standard to move all blown film manufacturing for its Gloucester Engineering product line from Gloucester, Massachusetts, to Pawcatuck.  The addition is slated for completion later this fall.

Posted by: AT 11:01 am   |  Permalink   |  Email
Friday, February 19 2016

Project Creating 100 New Jobs in State
Hartford, CT -- Governor Dannel P. Malloy announced that Pietro Rosa TBM, a leading manufacturer of compressor airfoils for gas turbines and complex structural components, has acquired Farmington-based New England Airfoil Products and, in addition to retaining the company’s current workforce, will be creating 100 new positions over the next five years.
“Connecticut is continuing to make significant advancements to compete in the highly competitive global aerospace market, and we are excited that Pietro Rosa TBM has chosen Connecticut as its North American expansion location.  This is a forward-thinking company that remains at the forefront of innovative technology,” Governor Malloy said.  “Over the last several years, our state has made strides in strengthening our manufacturing pipeline training programs, which is why we have one of the most highly skilled and trained workforces in this sector.  Today’s announcement is another reason why Connecticut is continuing to position itself as a world-wide leader in the aerospace manufacturing industry.”

Posted by: AT 10:53 am   |  Permalink   |  Email
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