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Expand or Relocate to Connecticut
      

Connecticut Business Data

Relocate or Expand to Connecticut

CT business climate, manufacturer incentives, and advantages of local communities

Business Data for Connecticut


Population
3,518,288

Total Labor Force
1,902,289

Unemployment Rate
5.7%

# Manufacturers
4,886

Manufacturing Jobs
198,657

Right to Work
No

Unemp. Insurance Tax
1.9–6.8%


Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
7.5% rate

Sales Tax
6.35%

Property Tax
Varies by county and city. Generally assessed at 70% of market value.

Leading Mfg. Industries
(by # of employees)
18% Transportation equipment
13% Fabricated metal products
13% Industrial machinery and equipment
9% Instruments and related products
9% Printing and publishing

Largest Mfg. Employers
(by # of employees)
Sikorsky, A Lockheed Martin Co. (Stratford) - 7,500
Electric Boat Corp. (Groton) - 5,936
Medtronic, Inc. (North Haven) - 5,200
ESPN, Inc. (Bristol) - 5,000
UTC Aerospace Systems (Windsor Locks) - 4,000
 
Counties with the Most Mfg. Jobs
Hartford - 71,600
Fairfield - 56,588
New Haven - 50,148
New London - 12,419
Middlesex - 12,080

Cities with the Most Mfg. Jobs
Stratford - 10,588
Bristol - 8,731
North Haven - 8,051
Norwalk - 6,990
Danbury - 6,907

Mfg. Related Business Incentives
• Urban and Industrial Site Reinvestment Tax Credit
• New Jobs Creation Tax Credit
• Qualified Small Business Job Creation Tax Credit
• 25% Manufacturing Facility Tax Credit
• Apprenticeship Training Tax Credit in manufacturing
• Machinery and Equipment Expenditure Tax Credit
• R&D Expenditures Tax Credit
• Enterprise Zones/Tax Credit: 50% manufacturing facility tax credit for those located in an Enterprise Zone
• Economic and Manufacturing Assistance Act (MAA) loans
• Small Business Assistance Revolving Loans
• Capital Workforce Partners
• Connecticut State Technology Extension Program (CONNSTEP) (Engineering and tech support for manufacturers)
• Connecticut Venture Group (CVG) Financing
• Connecticut Development Authority (CDA) Financing

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from Connecticut

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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