In this episode of CERCONOMY, AdvanceCT team members Jason Giulietti and Erron Smith talk about the ways Connecticut is working to attract international and domestic businesses to the state. Through a collaborative relationship with The Connecticut Department and Economic and Community Development, AdvanceCT works to coordinate partner organizations to work with interested companies and provide services for a successful new location – or relocation – in Connecticut.
This month I had the benefit of meeting with the inaugural companies of Connecticut’s InsurTech Accelerator program, and attend the first DEMO-Day which represented a book-end to their 16-week Startup Bootcamp experience. An initiative that marks the first of its kind in the state, this program, [which connects investors, industry professionals, and other resources with entrepreneurs] reflects how the state’s existing assets serve as a foundation for many innovative companies seeking to develop and scale their businesses.
AdvanceCT, through our collaboration with Department of Economic and Community Development, has experienced an increase in activity with the site selection community. We are working with engaged organizations interested in creating sizable projects in the state of Connecticut. We are beginning to see more and more interest, which we hope, will lead to more investment and more announcements like InfoSys.
As announced this week that a team of public and private interests worked behind the scenes for months to recruit Infosys, a tech company based in India, to Hartford. Infosys will open one of its four planned “technology and innovation hubs” here, building a $21M center and creating an estimated 1,000 jobs in the next four years.
AdvanceCT’s business recruitment team spent the last week hosting our new consultants for German foreign direct investment to the state. After recently contracting ROI (Research on Investment) to attract German companies to establish a presence in Connecticut, Margot Bégin and Thomas Klement—our project manager and in-market representative respectively—spent five days on a comprehensive familiarization tour of the State of Connecticut. If anything was apparent to the consultants after this week, it was this: Connecticut is connected.
Entering 2018, business optimism appears to be everywhere. The federal tax reform, more specifically related to businesses, changes the landscape for investment in the United States. At AdvanceCT, our work attracting capital investment into the state is hinged on many different factors. What is the operating environment where the company is coming from? What are the drivers for their expansion? How can the US, and by default Connecticut, offer an attractive place to locate a company?
Navigating the various financial incentives available throughout different municipalities can be difficult and the process of getting questions of eligibility answered through federal, state, and municipal agencies can be tedious at best.
The summer days are here again, and for many people that means fun in the sun, days at the beach, vacation with the family and maybe a slower pace at the office. But for us here at AdvanceCT, it has not translated into a slow down by any measure.
Jason Giulietti, Vice President of Business Recruitment, shares the recent activities of the department, and what's coming up for travel and events - promoting Connecticut as the choice for businesses to start or relocate!