Learn more about relocating or expanding to ConnecticutConnecticut business climate, manufacturer incentives, and advantages of CT communities |
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Connecticut Business Data*  Population: 3,518,288 Total Labor Force: 1,847,700 Unemployment Rate: 8.0% Number of Manufacturers: 5,315 Manufacturing Jobs: 206,305
Right to Work: No
Unemp. Ins. Tax: 1.9–6.8%
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Corporate Income Tax:
7.5% rate Sales Tax:
6.35% Property Tax:
Varies by county and city. Generally assessed at
70% of market value. Leading Manufacturing Industries:
(by % of total manufacturing employment) 17% Transportation equipment 13% Industrial machinery and equipment 13% Fabricated metal products 11% Printing and publishing 9% Instruments and related products Largest Manufacturing Establishments:
(by number of employees) Sikorsky Aircraft Corp. (Stratford) - 6,600
Electric Boat Corp. (Groton) - 6,059 ESPN, Inc. (Bristol) - 5,000 UTC Aerospace Systems (Windsor Locks) - 4,000 Pratt & Whitney (East Hartford) - 3,780 |
Counties with the Most Manufacturing Jobs:
Hartford - 71,702 Fairfield - 59,290 New Haven - 52,197 New London - 13,320 Middlesex - 12,163 Cities with the Most Manufacturing Jobs:
Stratford - 10,197 Bristol - 8,747 North Haven - 8,306 Norwalk - 8,089 Danbury - 7,560 Manufacturing Related Business Incentives:
• Urban and Industrial Site Reinvestment Tax Credit
• New Jobs Creation Tax Credit • Qualified Small Business Job Creation Tax Credit • 25% Manufacturing Facility Tax Credit • Apprenticeship Training Tax Credit in manufacturing • Machinery and Equipment Expenditure Tax Credit • R&D Expenditures Tax Credit • Enterprise Zones/Tax Credit: 50% manufacturing facility tax credit for those located in an Enterprise Zone • Economic and Manufacturing Assistance Act (MAA) loans • Small Business Assistance Revolving Loans • Capital Workforce Partners • Connecticut State Technology Extension Program (CONNSTEP) (Engineering and tech support for manufacturers) • Connecticut Venture Group (CVG) Financing • Connecticut Development Authority (CDA) Financing |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
Connecticut Department of Economic & Community Development
The Department of Economic and Community Development develops and implements strategies to attract and retain businesses and jobs, revitalize neighborhoods and communities, ensure quality housing and foster appropriate development in Connecticut's towns and cities.
505 Hudson Street, Hartford, CT 06103 (Map & Aerial View)
(860) 270-8000
www.ct.gov/ecd
Bridgeport Planning and Economic Development
Office of Planning & Economic Development (OPED) is a multi-disciplinary organization responsible for economic development, neighborhood revitalization, business development, planning and zoning, historic districts, local film & TV productions, land use, design review, building permits & inspections and related issues.
999 Broad Street, 2nd Floor, Bridgeport, CT 06604 (Map & Aerial View)
(203) 576-7278
www.bridgeportct.gov/OPEDExecutive
Connecticut Economic Resource Center, Inc.
CERC has comprehensive economic development resources to promote Connecticut as a prime business location. CERC works with state, regional, local and utility partners to promote Connecticut as a prime business location.
805 Brook Street, Rocky Hill, CT 06067 (Map & Aerial View)
(860) 571-7136
www.cerc.com
Connecticut Innovations Incorporated
Provides strategic capital and operational insight to push the frontiers of high-tech industries such as energy, biotechnology, information technology, and photonics.
865 Brook Street, Rocky Hill, CT 06067 (Map & Aerial View)
(860) 563-5851
www.ctinnovations.com
Economic Development Corporation of New Haven
The EDC is a private, non-profit organization dedicated to business and economic development within the city of New Haven. It seeks to enhance the city's business environment by securing and expanding the diverse business base, attracting new businesses and additional capital investment, and retaining and attracting intellectual capital.
195 Church Street, 14th Floor, New Haven, CT 06510 (Map & Aerial View)
(203) 785-1000
www.edcnewhaven.com
MetroHartford Alliance
The Council consists of more than 90 members from the business, government, education and health institutions who work to create strategies and implement initiatives that enable the region to compete regionally, nationally, and globally, and to sustain its position as a major place to grow business.
31 Pratt Street, 5th Floor, Hartford, CT 06103 (Map & Aerial View)
(860) 525-4451
www.metrohartford.com
Connecticut Industrial News:
Industrial Directory Reports Connecticut Manufacturing Employment Declined Slightly Over Year (7/18/2012)
Industrial Directory Reports Connecticut Manufacturing Jobs Remained Steady Over Year (7/15/2011)
Industrial Directory Reports Connecticut Lost Fewer Manufacturing Jobs (6/29/2010)
Connecticut Industrial Employment Declines Nearly 5% According To Manufacturers Directory (7/17/2009)
Connecticut Manufacturers Report 1.3% Employment Loss According To State Industrial Directory (7/16/2008)
Industrial Guide's 12 Month Report Shows Connecticut Manufacturing Employment Recovering (7/10/2006)
Industrial Directory Reports Connecticut Manufacturing Employment Declined Slightly Over Year (7/18/2012)
Industrial Directory Reports Connecticut Manufacturing Jobs Remained Steady Over Year (7/15/2011)
Industrial Directory Reports Connecticut Lost Fewer Manufacturing Jobs (6/29/2010)
Connecticut Industrial Employment Declines Nearly 5% According To Manufacturers Directory (7/17/2009)
Connecticut Manufacturers Report 1.3% Employment Loss According To State Industrial Directory (7/16/2008)
Industrial Guide's 12 Month Report Shows Connecticut Manufacturing Employment Recovering (7/10/2006)
Looking to reach Connecticut manufacturers? Access the Connecticut Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 5/17/2013. All other stats updated on 5/17/2013. Listings updated on 5/26/2013.
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