CEO Guide to Site Selection

Connecticut

CLIMBING THE RANKS IN THE CONSTITUTION STATE

While Connecticut’s economy started to contract in 2022, the Constitution State is still maintaining positive momentum in several sectors. Insurance and financial services remain a primary driver while the manufacturing and life sciences industries continue to grow. ASML, Nuritas, GE, Stifel and Sikorsky have all announced projects in the past year. Connecticut was also recently ranked third in the nation for information technology leadership by the Center for Digital Government. The organization noted the state’s strong culture of innovation with high-performance solutions in all aspects of operations, governance and administration.

“Connecticut is the perfect location for financial services companies because our state has the talented workforce and the resources necessary for these businesses to grow and thrive.”
Ned Lamont
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

No

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Urban and Industrial Site Reinvestment Tax Credit: Offers a dollar-for-dollar tax credit on qualifying projects with a minimum of $5 million in distressed communities and $50 million in all other communities.

Connecticut Bioscience Innovation Fund: A $200 million, 10-year program that offers focused financial assistance to startups, early-stage businesses, nonprofits and accredited universities.

Angel Investor Tax Credit: Offers $25,000 or more in a qualified Connecticut business, equal to 25 percent of the investor’s cash investment when at least $25,000 is invested in qualifying businesses.

Digital Media Tax Credit: Offers a tax credit of up to 30% on qualified digital media and motion picture production expenses, up to $1 million or more.

EDCs

Connecticut Department of Economic and Community Development
portal.ct.gov/DECD

AdvanceCT
advancect.org

Metro Hartford Alliance
metrohartford.com

Connecticut Economic Development Association
cedas.org

HIGHLIGHTED PROGRAM OR INITIATIVE

In August 2022, the state started 19 job training pro- grams funded by CareerConneCT, a $70 million program to help people whose employment was impacted by the pandemic get back to work. It offers reskilling opportunities in manufacturing, information technology, healthcare and other sectors.

BIG DEALS

  • Hudson Bay Capital announced in February 2022 an expansion and 40 new jobs in Hartford.
  • Sikorsky, a Lockheed Martin company, announced in March 2022 that it would bring new helicopter lines to Stamford and retain headquarters in the state through 2042.
  • Wealth management firm Mirador announced in April 2022 an expansion and 250 new jobs in Stamford.
  • Manufacturing company Element 119 announced in June 2022 an expansion and 36 new jobs in Hartford.
  • Evolution Gaming Studio started operating in the state in July 2022 and is expected to hire up to 400 employees.
  • Wealth management company Stifel announced in August 2022 an expansion that will create 50 jobs in Stamford.

BIG COMPANIES

15 Fortune 500 companies headquartered in state, including:

  • Cigna
  • Charter Communications
  • Hartford Financial Services Group
  • Stanley Black & Decker
  • Synchrony Financial
  • XPO Logistics
  • Booking Holdings
  • Amphenol EMCOR Group
  • CEO Testimonials
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.