|
Why Should You Relocate or Expand Your Corporation to Connecticut? A smart, skilled workforce An attractive lifestyle. And the northeast US's most attractive location. For these reasons and more, you should put Connecticut at the top of your list when you're considering expansion or relocation. Business Incentives/Tax Credits Connecticut's business climate remains competitive by offering substantial relief in corporate income, sales, and property taxes in the form of credits and abatements. The extent to which any or all of these credits or abatements may benefit a client, requires specific project information and detailed analysis by tax counsel. In addition, corporate income, real, and personal property tax credits and abatements could easily provide further tax savings. Tax savings could be increased substantially if clients take advantage of an appropriate matrix of the tax programs. For further information call the Department of Revenue Services 1-800-382-9463 (in-state) or the Connecticut Business Response Center 1-800-392-2122. Labor In Connecticut, we're proud of our exceptional technological, manufacturing and managerial talent. Over 17% of our total workforce is employed in technological occupations (number one in the nation). We have the third most productive workforce in the U.S., following Alaska and Wyoming. Our labor force productivity exceeds the rest of New England by 6% and beats the national average, and we're among the top five states in college-educated workers per capita. And the diversity of our skills is impressive: From software to photonics to medical technology to aerospace to telecommunications — Connecticut's people can get the job done. Location Connecticut is a prime location in the Northeast corridor of the U.S. market. You have proximity to major commercial and financial markets and easy access to suppliers. New York City and Boston are within two hours of your door. One-third of the U.S. population and two-thirds of Canada's are within a day's drive! No wonder we're first in trade-sector strength and export-related manufacturing jobs — a Connecticut address puts you within 500 miles of:
Lifestyle Enjoy a quality of life enhanced by our rich history and natural beauty. Visit our New England villages, our culturally diverse cities, beautiful parks, golf courses, forests and 250 miles of saltwater shores. Examine our school system- near the top in the nation for student-to-teacher ratio, in the top 10 for educational quality and student achievement, and tied for 1st for highest educational levels among people over age 24. And check into a health care system that reads like a Who's Who of modern medicine. We're proud to be the first to offer long-term coverage for nursing home care without risk to life savings. Where Technology's Going Technology-based firms are flourishing here. In the past few years alone, hundreds of new high-tech companies made Connecticut their launching pad. A broad range of technology sectors is enjoying aggressive growth here: Photonics, Software, Pharmaceuticals, Biotechnology, Precision manufacturing, Telecommunications, Information Technology, and more. Our software companies have a higher growth rate than Silicon Valley itself. Connecticut's business and government leaders have created a compelling menu of support programs: R&D and training partnerships with colleges and universities, Technology transfer assistance, Site location, Venture capital funding, Tax credits, and much more. You'll like the neighbors here too: highly skilled specialists in the most sophisticated technical disciplines. They also have a healthy share of the Yankee work ethic: Connecticut ranks in the top 10 in the U.S. for worker productivity, which has grown 69% in the past several years- 16% faster than the national average. If you need employees at every skill level, from engineers with advanced degrees to workers who've mastered the newest manufacturing systems, you'll find a higher concentration of them in Connecticut. We have America's highest percentage of people in technology occupations- and nearly 20% of our workforce holds jobs in manufacturing. No other workforce has a higher level of educational achievement, including the highest percentage of workers with advanced degrees. Connecticut also has the greatest number of engineers per 100,000 workers. In addition, Connecticut is big on new ideas: eighth in the U.S. for funds spent on R&D. Through Connecticut Innovations, Inc., the State helps finance new enterprises in advanced marine applications, aerospace, energy and environmental systems, photonics, advanced materials, and biomedical and information technologies. Across Connecticut, you can count on a thriving community of support services, from software expertise to engineering know-how. Because we pack so much into a small state, virtually any supplier can be at your door in two hours or less. The bottom line: You'll find the talent you need and the high-powered support to make the most of it! |
