Learn more about relocating or expanding to Connecticut

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

Relocate or Expand to Connecticut - U.S. Industrial Expansion & Relocation Guide for Manufacturing Companies - Learn more about the Connecticut business climate, manufacturer incentives, and advantages of CT communities. Helping decision makers at U.S. manufacturing establishments find new locations to relocate or expand.
Connecticut Business Data*

Connecticut

Population: 3,518,288
Total Labor Force: 1,852,400
Unemployment Rate: 7.2%
Number of Manufacturers: 5,298
Manufacturing Jobs: 205,970
Right to Work: No
Unemp. Ins. Tax: 1.96.8%
 
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 Manufacturing Industries:
(by % of total manufacturing employment)
17% Transportation equipment
13% Industrial machinery and equipment
13% Fabricated metal products
10% Printing and publishing
9% Instruments and related products

Largest Manufacturing Establishments:
(by number of employees)
Sikorsky Aircraft Corp. (Stratford) - 6,600
Electric Boat Corp. (Groton) - 5,936
ESPN, Inc. (Bristol) - 5,000
UTC Aerospace Systems (Windsor Locks) - 4,000
Pratt & Whitney (East Hartford) - 3,780
 
Counties with the Most Manufacturing Jobs:
Hartford - 71,945
Fairfield - 58,904
New Haven - 51,740
New London - 13,443
Middlesex - 12,503

Cities with the Most Manufacturing Jobs:
Stratford - 9,927
Bristol - 8,813
North Haven - 8,255
Norwalk - 7,601
Danbury - 7,471

Manufacturing 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




Looking to reach Connecticut manufacturers? Access the Connecticut Manufacturers Database compiled by MNI.



*Manufacturing stats updated on 3/18/2014. All other stats updated on 3/18/2014. Listings updated on 4/19/2014.

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