A Top Destination for Foreign Investment
Positioned in the epicenter of the Northeast U.S., Connecticut offers foreign-owned businesses an ideal location adjacent to New York, within two hours of Boston, and within 800 kilometers of nearly one-third of the U.S. economy1 and two-thirds of the Canadian economy2. With three deep water ports, Connecticut offers maritime access, strong passenger and freight rail and interstate distribution networks, and the talent needed to fill positions at all levels.
Connecticut offers one of the nation’s most highly educated, highly productive workforces and has the eighth-highest share of U.S. workers employed by foreign companies. These companies include ASML, SAP, Boehringer Ingelheim, MTU Aero Engines, Diageo, Smiths Medical, BIC, Samsung, Bridgestone, Kantar, Dassault Systems, Webedia, and Sekisui.
Foreign Direct Investment in Connecticut: Key Facts
- #8 Highest Percentage of Employment Supported by International Investment, More Than New York or Massachusetts3
- 113,200 of workers are employed as a result of FDI4
- $14.1B of Connecticut Goods are Exported Around the World Each Year5
- #6 most productive workforce globally if Connecticut were a country6 — ranking on par with Belgium and Switzerland and outpacing all individual G7 nations
- 780+ international companies operate in Connecticut7
- Top sources of FDI in Connecticut are Germany, the United Kingdom, and Canada8
Experienced Global Economic Development Team
AdvanceCT’s experienced global economic development team offers confidential assistance to foreign companies entering the U.S. market through Connecticut. AdvanceCT offers the following services:
- Specialized expertise to find the most direct route to expedite your foreign investment project in Connecticut.
- Connections into the Connecticut ecosystem, major trade associations, universities and other affinity groups related to your business.
- Access to data, including details about the state, demographics, industry information, and workforce data.
- Information on professional service advisors such as lawyers, accounting firms, banks, insurance firms, immigration attorneys and other business service firms to assist with establishing a presence in Connecticut and the U.S.
- Guidance and introductions to real estate providers throughout the state.
- Assistance with navigating local communities, including municipal economic development leaders, regional resources, utilities, cultural organizations, local schools and residential services.
For personalized assistance, contact AdvanceCT President John Bourdeaux, by calling 860-571-6206 or emailing jbourdeaux@AdvanceCT.org.
1 U.S. Bureau of Economic Analysis, 2022; 2 Statistics Canada, 2022; 3 U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, 2022; 4 U.S. Bureau of Economic Analysis, 2022; 5 U.S. Department of Commerce, International Trade Administration, 2022; 6 in terms of GDP per employed worker — U.S. Bureau of Economic Analysis, 2021, Organisation for Economic Co-operation and Development, 2021, AdvanceCT calculations; 7 Global Business Alliance, 2022; 8 fDi Market & U.S. Bureau of Economic Analysis, 2023
