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By John Bourdeaux, President & CEO of AdvanceCTWhen companies evaluate where to locate or expand, the first questions are predictable. What does labor cost? What incentives are available? How expensive is real estate? How close are customers, suppliers, and transportation networks?Those are important questions, but they are also the easiest...
Despite redirecting state budget surplus money to bolster childcare, municipal aid and federal human services programs under the knife, Connecticut still boasts one of the most robust emergency reserves in the nation, according to a new analysis from The Pew Charitable Trusts.And while many states’ rainy day funds are declining,...
New 220,000-square-foot facility expands Pfizer’s Groton footprint and underscores long-term investment in ConnecticutGROTON, Connecticut – November 5, 2026 — AdvanceCT announced today that the global biopharmaceutical company Pfizer plans to build a Manufacturing Technology Center at its research and development campus in Groton, representing a $650 million capital investment over...
Connecticut State Community College is proposing two new programs at its Norwalk campus to train workers to manufacture and inspect precision optical components used in industries including semiconductor production, aerospace and healthcare.The proposed associate degree and certificate in optics technology would begin in spring 2027, according to documents submitted to...
The University of New Haven will break ground Friday on a four-story, 50,000-square-foot building for its Pompea College of Business, backed by more than $25 million in gifts from two university alumni and their families.The building will be constructed at the corner of Campbell Avenue and Ruden Street, at the...
Oxford facility brings specialized high-vacuum testing, analysis and customer support closer to the U.S. semiconductor industryOxford, Connecticut, September 1, 2026 — AdvanceCT today announced that DM Vacuumsystems USA, LLC has established operations in Oxford, creating a new U.S. hub for specialized high-vacuum testing, analysis, sales, and customer service.DM Vacuumsystems USA,...
15,000-square-foot addition will increase production capacity, create new jobs and support growing demand from Pratt & Whitney and other aerospace customersMiddlefield, Connecticut, August 27, 2026 — Ramar-Hall Inc., an AS9100-certified precision machining and assembly company serving the commercial aerospace and defense industries, today announced a $5 million expansion of its...
The state is investing $20 million to establish a 100,000-square-foot artificial intelligence and workforce development center at State House Square in downtown Hartford, Gov. Ned Lamont announced Thursday.The Hartford Innovation Center will feature collaborative labs, classrooms and project spaces aimed at helping workers, students, businesses and entrepreneurs learn how to...
Groton shipyard Electric Boat has been awarded new contracts for submarine construction totaling $76.6 billion — one of the largest shipbuilding contracts in modern history.The deals from the U.S. Navy include $42.1 billion for the construction of nine Virginia class and $29.5 billion for five Columbia class submarines by the...
Why Private Credit Firms Are Quietly Rethinking NYC Operations Private credit firms have grown into one of the most important segments of the investment management industry. As the sector matures, many firms are taking a closer look at the operating decisions that will shape their next stage of growth.New York City...
A collaboration led by UConn and Yale is one of 12 new NSF Regional Innovation Engines, eligible to receive up to $160M over a decade.Connecticut’s efforts to spur economic development around the quantum computing sector got a boost Tuesday, with the National Science Foundation announcing a state-supported initiative won a...
As the United States prepares to mark its 250th anniversary, the milestone invites more than reflection on the country’s past, it also prompts the question: where will the next generation of American progress be built?For UK HealthTech organizations, that question is highly practical. The U.S. remains the world’s most important...
Connecticut offers aerospace and defense companies a distinctive set of advantages. The state leads the nation in aircraft engine manufacturing concentration, ranks first in defense contract spending per capita, and supports a highly advanced manufacturing ecosystem that powers growth in aerospace and defense.Connecticut’s leadership reflects over a century of investment...
Fifteen Connecticut companies appear on Fortune’s 2026 list of the 500 largest U.S. companies by revenue, reflecting the state’s continued strength in insurance, financial services and advanced manufacturing — even as its corporate roster has contracted over the years.Cigna, the Bloomfield-based health services giant, led the state’s contingent at No...
When aerospace manufacturer WHI Global began searching for a larger space to replace the Springfield, Massachusetts, facility housing its growing Aerobond Composites division, executives looked at nearby options on both sides of the state line.The company, which makes aerospace and defense components for major commercial and military aircraft programs, wanted...
Center will be company’s biggest U.S. R&D infrastructure investment in decades Unilever is building a new American research facility.The London-based company is investing $270 million to build an innovation center in New Haven, Conn., with plans to develop skin and hair products for the U.S. market and global customers.The new investment...
Enfield, CT, May 14, 2026 – WHI Global, a leading vertically integrated manufacturer serving the aerospace and defense industry, today announced the opening of its Aerobond Composites manufacturing facility in Enfield, Connecticut. The company has invested more than $4 million to establish a state-of-the-art, 78,600-square-foot facility designed to significantly increase...
A newly signed master research agreement with The Lighting Quotient will connect University expertise with advanced optical engineering and lighting-design innovation.The University of New Haven has entered into a master research agreement with The Lighting Quotient, a West Haven–based manufacturer known for its advanced lighting systems. The collaboration, led through...
The University of Connecticut and University of Rhode Island (URI) were jointly awarded a five-year contract from General Dynamics Electric Boat (GDEB) to provide regional workforce development support to the Maritime Industrial Base.The ANCHOR (Advancing Naval Careers through Higher-ed Outreach and Research) grant was celebrated in a launch event at...
For UK HealthTech companies, the United States is both the biggest opportunity and one of the most difficult markets to enter effectively. Success is not just about accessing capital or customers. It depends on where and how you establish your U.S. presence. While global attention often focuses on Boston and New...
Henkel, one of the largest consumer-goods companies in the world, has operated research-and-development facilities in Trumbull since 2016. Now, it is elevating the site into a fully fledged campus.Henkel executives and some of the state’s top elected officials held a groundbreaking ceremony on Monday for the underway renovations at its...
British financial technology company Revolut plans to base a new U.S. banking entity in Stamford as it seeks federal approval to expand its operations in the American market.The London-based firm announced Thursday it has applied to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp...
In 2025, companies encountered new economic conditions that complicated their long-term investment decisions. Shifts in trade policy disrupted supply chains. Changes in immigration rules challenged workforce planning. Interest rates and uneven demand increased the cost of capital. These pressures led executives and site selectors to emphasize risk control, operational continuity,...
A Woodbridge-based biotech company has reserved space on the next commercial space station as it works to scale manufacturing of an artificial retina designed to restore vision in patients afflicted with degenerative eye diseases.LambdaVision Inc. announced Tuesday morning that it has secured commercial space on Starlab, a commercial space station...