Connecticut

Sectors it is courting

• Aerospace and Defense
• Business and Professional Services
• Energy
• Financial Services
• Healthcare
• Information and Communication Technology
• Media and Entertainment
• Marine Technology

Investment it is seeking from

• Germany
• South Korea
• India
• United Kingdom
• Japan
• Ireland
• Spain
• Switzerland
• Italy
• Brazil

Site-selection services it offers

AdvanceCT provides site selection assistance for companies looking to invest in the state. Our work with partners at the state and local levels makes us a hub for information and resources. When a consultant calls, we work with our network of local, regional and state contacts to assemble relocation packages customized to the client's needs. We can also provide information on demographic and labor force info, aerial photos, and more. Contact AdvanceCT for assistance with the following: 1. Identify development best suited to communities 2. Promote real estate 3. Link clients to extensive public and private resources and industry clusters 4. Demographic data. 5. Information on incentives.

Incentive programmes

• Tax Credit

  [https://portal.ct.gov/DECD/Services/Business-Development/Tax-Incentives/Tax-Credits][https://portal.ct.gov/DECD/Services/Business-Development/Tax-Incentives/Tax-Credits]

• Tax Exemption

  [https://portal.ct.gov/DECD/Services/Business-Development/Tax-Incentives/Tax-Exemptions][https://portal.ct.gov/DECD/Services/Business-Development/Tax-Incentives/Tax-Exemptions]

• Tax Refund or Rebate

  [https://portal.ct.gov/DECD/Services/Business-Development/Tax-Incentives/Other-Tax-Abatements][https://portal.ct.gov/DECD/Services/Business-Development/Tax-Incentives/Other-Tax-Abatements]

Shovel-ready sites

• Property - 11 Goodwin Drive, Windsor, CT is a 62.9 acre industrial/commercial development site located in the Day Hill Corporate area off I-91 (Exit 38), with easy access to Bradley International Airport and the I-84 and I-90 corridors. The site offers frontage on Day Hill Road, Iron Ore Road & Goodwin Drive via the traffic signal. Key Facts: The site is approved for 267,000 SF. All utilities at site For sale or build-to-suit. Zoned Industrial Availabilities: Industrial/Manufacturing BTS 267,000 sq ft.

  Site details

• Property – 5 Research Parkway, Wallingford, CT. The Wallingford Logistics Center sits on the site of the former Bristol Myers R&D campus, in Medway Business Park, one of Connecticut’s best industrial addresses. Located immediately off I-91, exits 15 and 17, at the intersection of I-691, the 180-acre site is unusual in its size, existing infrastructure, accessibility, permits in place and speed to delivery. The mid-state location at the intersection of two interstate highways (I-91 and I-61) is an optimum location for distributing into New England and beyond. The property maintains the secured access, nature trails/fitness walks, day care center and other elements of its previous use. Wallingford has a thriving business community, with some of the lowest electrical rates in the region and an active economic development office welcoming new development and encouraging fast track delivery.

Programmes for international technology startups

Connecticut Innovations (CI) is Connecticut’s strategic venture capital arm and is the leading source of financing and ongoing support for innovative, growing companies. By offering equity investments, strategic guidance and introductions to valuable partners, we enable promising businesses to thrive. [https://ctinnovations.com/][https://ctinnovations.com/] CTNext: The state’s catalyst for entrepreneurship, CTNext leverages public and private investment to create and support programs that help fund, advise, connect, and inspire new and early-stage companies. [https://ctnext.com/][https://ctnext.com/]

Incubators and accelerators

• UCONN Technology Incubation Program (TIP)

  UCONN TIP connects tech/IT startups with UCONN faculty, students, and facilities by coupling UConn's world-class research resources, and facilities for commercialization in CT. Locations – Storrs, CT with offshoots in Farmington, Stamford, and Avery Point.

• Connecticut Center for Advanced Technology, Inc. (CCAT)

  The Connecticut Center for Advanced Technology Inc. (CCAT) is an applied technology demonstration and training center that validates, demonstrates, and assists with the adoption of leading-edge technologies into global industrial companies and the advanced manufacturing supply chain, while also providing the training and education necessary to utilize the capability of these advancements and drive efficiency. CCAT operates an in-house incubator that houses technology-focused start-ups. We offer some of the region’s most modern incubator space and support tenants by guiding them to programs that can assist them in managing and developing their businesses.

Additional services

AdvanceCT’s experienced global economic development team offers confidential assistance to foreign companies entering the U.S. market through Connecticut. AdvanceCT offers the following services: 1. Specialized expertise to find the most direct route to expedite your foreign investment project in Connecticut 2. Connections into the Connecticut ecosystem, major trade associations, universities and other affinity groups related to your business. 3. Access to data, including details about the state, demographics, industry information, and workforce data. 4. Information on professional service advisors such as lawyers, accounting firms, banks, insurance firms, immigration attorneys and other business service firms to assist with establishing a presence in Connecticut and the U.S. 5. Guidance and introductions to real estate providers throughout the state. 6. Assistance with navigating local communities, including municipal economic development leaders, regional resources, utilities, cultural organizations, local schools and residential services.

Investor account, as submitted

Jacek Olczak, CEO of PMI, said: “Connecticut offers a valuable mix of technological know-how, future-forward thinking, and an open-minded approach to problem-solving. “We consider it an ideal location for our new U.S. head office, where we will be working to more quickly achieve our vision of a smoke-free future. We are excited about what the state has to offer our company, our employees, and their families—and we very much look forward to integrating into the community in a meaningful way.”

Submitted by the economic development organisation, not independently verified.

Regional partner organisations

• MetroHartford Allianceggoddard@metrohartford.com(860) 728-2281

Who to contact

• George NorfleetExecutive Directorgeorge.norfleet@ct.gov(860) 571-6206
• Shirar O'ConnorVP, Marketingsoconnor@advancect.org(646) 496-7668

450 Columbus Boulevard, Suite 5, Hartford, CT 06103