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  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Connecticut Resources Page
Inward Investment Guides

Improving the Commute - and Economic Development - With BRT

Tom Ewing, Staff Editor, Area Development (Q2 2016)
Bus Rapid Transit (BRT) offers communities many advantages, but systems across the nation have met with varied measures of success. More

Regional Report: New England Joining the Economic-Recovery Bandwagon

Dale D. Buss, Staff Editor, Area Development (Directory 2016)
As a prime recipient of venture-capital investment, the New England region is continuing to attract entrepreneurs and grow jobs. More

Choosing the Optimal Site for an Aviation-Related Project

Von Hatley, Managing Director, Jones Walker Consulting, LLC (2015 Auto/Aero Site Guide)
If current trends continue, a conservative estimate reveals there will be more than 1,000 announcements of aviation-related projects in the United States over the next decade. The best location decisions will be made by project teams that not only look at the current overall costs, but also have a deep understanding of hidden site development costs, in addition to the long-term political/financial stability that a region can provide. More

First Person: A Precision Aerospace Manufacturer Relocates Production from Mexico Back to New England

Scott Livingston, President and CEO, Horst Engineering Family of Companies (2015 Auto/Aero Site Guide)
A staff editor for Area Development recently interviewed Scott Livingston, the president and CEO of the Horst Engineering Family of Companies, a privately held contract manufacturer of precision-machined components and assemblies for aerospace and other high-technology industries which recently returned production to the U.S. from Mexico. More

In Focus: New Blood Needed For Manufacturing

Douglas B. Rose, President, AeroGear (Directory 2015)
If there is to be a sustained U.S. manufacturing resurgence, firms must act in consortia to grow regional industrial ecosystem resources, just like aircraft engine manufacturers and suppliers are doing in the Connecticut River Valley. But, to preserve manufacturing's most precious resource - skilled workers - our thinking, and educational polices, must be revised on a national level. More

Regional Report: Slow But Steady Economic Growth in New England States

Mark Crawford (Directory 2015)
Jobs are coming back slowly in New England, with aerospace/defense, bioscience, and fulfillment centers taking the lead. More

Leading Locations for 2014: The MSAs with Strongest Prime Work Force Growth

Dale D. Buss, Staff Editor, Area Development (Q2 2014)
A yawning gap has developed between millions of potentially available workers and the increasingly sophisticated skills they would require to qualify for today’s generally tech-oriented jobs. More

Connecticut Direct Financial Incentives

Area Development Research Desk (Q1 2014)
Connecticut's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

CONNECTICUT at a glance

POPULATION: 3,590,347 (2012)

LABOR FORCE: 1,851,700 (August 2013)


TRADITIONAL INDUSTRIES:Manufacturing, insurance, shipbuilding, transportation, machine tools, jet engines, submarines, helicopters, financial services, health services, biotechnology, pharmaceuticals, telecommunications, software, tourism, precision manufacturing

EXPANDING INDUSTRIES: Aerospace and defense, insurance and financial services, instrumentation and medical devices, bioscience innovation, healthcare and pharmaceuticals, alternative energy (including fuel cells), film and digital media

COLLEGE GRADUATES: (Age 25 and over; Bachelor's degree or higher): 37.1% (2012)

Corporate Income Tax: Corporation Business Tax: 7.5 percent of net income of corporations; 100 percent exemption on data-processing equipment; R&D carry forward tax credit; R&D tax credit exchange for cash

Sales and Use Tax: Retail sales or leases of tangible personal property and certain services are subject to sales and use taxes at a 6.35 percent rate with some exceptions.

Property Tax: Rates vary among local jurisdictions and are based on actual value of real and personal property; in practice, property is assessed at 70 percent of value.

• Incentive-driven loans
Manufacturing Innovation Fund
First Five Program

• Urban and Industrial Site Investment Tax Credit Program

• Enterprise Zone Program

• Insurance Reinvestment Tax Credit Program
Commercial & Industrial Property Assessed Clean Energy Financing (C-PACE)

• Corporate tax credits

• Brownfield Development Loan Program

• Work force development and job training assistance
Permit Ombudsman
Technical assistance

Connecticut Innovations, Inc.:

• Direct loans

• Participation loans
Loan guarantees

• Brownfield financing

• Tax incremental financing
Sales and use tax exemptions
Industrial revenue bonds

• Pre-Seed Fund/loans

• Seed Investment Fund/equity investments

• Eli Whitney Fund/equity investments

• BioScience Facilities Fund

• Connecticut Bioscience Innovation Fund
Regenerative Medicine Research Fund

• Venture & Mezzanine Debt Fund/loans

• Angel Investor Tax Credit Program

• SBIR support services and funding

• Product/market diversification grants

• Internship grants

• Technology assessment reports
Market assessment reports
CTNext/entrepreneur innovation grants and guidance

• Business connections

• Strategic guidance

Principal Manufacturing industries

  • Transportation Equipment
  • Fabricated Metal Products
  • Machinery
  • Computer & Electronic Products
  • Chemicals
  • Other Manufacturing Industries