Connecticut’s Business Environment Fuels Innovation & Growth

Connecticut knows how to support business growth - be fiscally responsible, have plans, policies and strategies that are easy to navigate, and invest in people. That’s where Connecticut really shines. From PreK to community colleges and universities, Connecticut is investing heavily in education for all and removing the traditional barriers to workforce training. That investment is paying off. Connecticut’s highly skilled, highly educated workforce is rated among the best in the country and our companies are reaping the benefits of their talent.

Proven Success

Connecticut is the Insurance Capital of the U.S. and a leader in the financial services industry. More broadly, the state is home to 2 Fortune 100, 14 Fortune 500 and 26 Fortune 1000 companies. Globally recognized brands like ESPN, Xerox and Cigna have made their headquarters in Connecticut, as are startups like Yale spinoff Quantum Circuits, Inc. 

Talent, combined with a strong business ecosystem and access to major east coast markets like NYC, Boston, Philadelphia, Baltimore and Washington D.C. have made Connecticut the location of choice for companies of all sizes.

Key Advantages

“Number one was a very pro-business attitude exemplified by those in the state government. Second was easy access to intellectual capital, great people with a strong work ethic. Third was access to transportation. We’re only a hop, skip and a jump to major airports and Manhattan.”

 - The Navigators Group CEO Stan Galanski on relocating their headquarters from New York to Stamford.

“Connecticut’s universities are great engines of innovation. Those ideas attract capital, both from the private sector and public sector. Together, with Connecticut’s talent pool, those are the three ingredients for a successful bioscience company.”

 - Arvinas Founder Craig Crews on launching a pharmaceutical enterprise in New Haven

Key Facts

  • #2 U.S. Patent Activity (Bloomberg Innovation Index, 2020)
  • #6 Human Capital Investment Composite Index (Milken Institute, 2020)
  • 38 World-class Colleges & Universities, including Yale & UConn
  • #1 Digital Economy (Information Technology & Innovation Foundation)
  • #2 Public School System in the U.S. (WalletHub 2020)
  • #3 Best High Schools (WalletHub 2020)
  • #1 State for Internet Access to Households Supports Remote Workers (Broadband Now & WalletHub)
  • #3 Advanced Degrees (U.S. Census Bureau, 2020)
  • #4 Innovative Economy (Bloomberg Analytics, 2020)
  • #4 Workforce Productivity (Defined by GDP per capita, U.S. Bureau of Economic Analysis 2019)
  • #5 Technology & Science Workforce (Milken Institute, 2020)
  • #2 Public School System (WalletHub 2020)
  • #2 College Readiness (WalletHub, 2020)
  • #5 Quality PreK - 12 Education (U.S. News & World Report)