DEMOGRAPHICS / ECONOMY

With a flourishing economy and a well-educated population, it is not surprising that the Nutmeg State consistently maintains national leadership in the area of per-capita income. The rich resources for training and development have allowed local businesses to take root, diversify, and achieve national recognition. Expanding from traditional agricultural and manufacturing activities, the economic base has grown increasingly stronger and more diverse.

In high-growth centers such as the Gold Coast in Fairfield County, the number of corporate headquarters and Fortune 1000 companies continues to rise. The capital city of Hartford stands as a powerhouse of financial and insurance activity. Cities like New Haven, New London, and Groton are known as bustling maritime and defense centers. Joining the state’s tradition of skilled workers and craftsmen is a highly trained corps of engineers, researchers, and computer analysts who ensure Connecticut’s enviable place at the forefront of industrial development and technology.

In recent years, Connecticut’s successful cluster-based development initiative has nurtured key industries and further fueled the state’s economy. Blending the expertise and market knowledge of local businesses with government and education resources, these clusters can prepare their members to better face the challenges created within the global marketplace. Important industry clusters in Connecticut include bioscience, tourism, aerospace, information technology and software, metal manufacturing, plastics, maritime, insurance and financial services, and agricultural.

More than a dozen Fortune 1000 companies call Connecticut home, while many more leading corporations are headquartered in the state. The total number of businesses has been estimated as high as 200,000. The following list of major employers provides a glimpse of the very largest of the service and industrial companies that maintain Connecticut headquarters.

Major Employers
Headquartered in Connecticut

Aetna
Healthcare
www.aetna.com

Cenveo
Visual Communications
www.cenveo.com

Chemtura
Chemistry
www.chemtura.com

Crane
Manufactures
www.craneco.com

EMCOR Group
Mechanical/electrical services
www.emcorgroup.com

General Electric
Manufacturing/technology
www.ge.com

Hartford Financial Services, Inc.
Financial
www.thehartford.com

Hubbell
Manufacturing
www.hubbell.com

IMS Health
Pharmaceuticals/healthcare
www.imshealth.com

International Paper
Paper products
www.internationalpaper.com

Knights of Columbus
Non-Profit
www.kofc.org

Magellan Health Services
Health Services
www.magellanhealth.com

Phoenix
Insurance/finance
www.phoenixwm.phl.com

Pitney Bowes
Office machines
www.pb.com

Praxair, Inc.
Industrial gases
www.praxair.com

Silgan Holdings
Manufacturing
www.silganholdings.com

Stanley Works
Hardware, tools
www.stanleyworks.com

Terex
Construction equipment
www.terex.com

United Natural Foods
Groceries
www.unfi.com

United Technologies
Aerospace
www.utc.com

WestRock
Paper/packaging
www.mwv.com

W.R. Berkley
Insurance
www.wrberkley.com

Xerox Corporation
Office products/systems
www.xerox.com

 

 

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