Skip navigation

Home
About Us
Contact Us
Useful Websites
Welcome
Practical Advice
State Profiles
How We can help
Useful Contacts
Useful Websites
Products & Services
Archive
Print!Print article
Connecticut

Connecticut

Economic competitiveness strategy

Connecticut’s cluster-based economic development initiative is built around the idea that nurturing the state’s key industries improves the competitiveness of businesses within these industries, in turn boosting our economy. By combining the market knowledge and expertise of businesses with the talents and resources of government, education and economic development organisations, Connecticut’s industry clusters better prepare each of their members to face the challenges created in the global marketplace.

Creating a business environment in which clusters can grow and prosper takes an enormous amount of co-operation between government and industry. In 1998, a task force of 125 local business leaders was assembled to study the best method of implementing cluster-based economic development in our state. They identified six industry areas key to Connecticut’s economic competitiveness: manufacturing, financial services, telecommunications and information, healthcare services, high-tech and tourism.

Tax credits and incentives

Did you know you can earn tax credits for investing in everything from machinery and equipment, or research and development to hardware and software? We can help you take advantage of tax credits and exemptions on corporate, property and sales taxes.

Education

Connecticut schools – from early childhood education through doctoral programme – consistently rank at the top of the educational charts. In the higher educational arena, we invest $1m each year in scholarships and internships for science/technology majors, and have invested $2bn to upgrade public colleges and universities, including our well-respected community and technical colleges.

Lifestyle

Enjoying life is easy in Connecticut, thanks to our unsurpassed quality of life, with concerts, world-class art exhibits; rivers, lakes and a 250-mile shoreline; biking, hiking, snowboarding; and four gorgeous seasons to enjoy.


Transportation

Rail
More than 200 commuter trains travel between CT and New York City daily, while CSX Transportation has moved 1.4m tons of rail freight in Connecticut, and has saved shippers $5.7m using rail instead of truck.

Air
Millions of passengers pass through Bradley International Airport, as do thousands of tons of cargo. There are over 60 private and commercial heliports in Connecticut. Six major international airports are within a two-hour commute from anywhere in Connecticut.

Highways
Connecticut has the largest concentration in the US of companies providing bulk transport services for the international system.

Help is at hand

If you’re thinking about locating your company to Connecticut, you’ll want to get to know the Department of Economic and Community Development (DECD), your number one resource for business assistance and industry development .

For more information, contact:
Department of Economic and Community Development
505 Hudson Street
Hartford, CT 06106-7107
Tel: +1 860 270 8000
E-mail: DECD@po.state.ct.us

Back to topTop