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Home >> Doing Business in CT
Doing Business in CT
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Connecticut is a business-friendly state—dedicated to helping businesses grow!
Competitive Environment
• We’ve developed effective Industry Clusters, an economic development concept that utilizes the power of industry concentrations to boost economies through companies interconnecting to serve their markets and produce their products.
• We’ve built dynamic partnerships with over 135 agencies, municipalities, schools and business experts to build a network of resources for companies at every level—start-up through growth to global competition.
• Also, Connecticut has one of the best-educated, most productive workforce in the nation. Our employee productivity is at an all-time high, with output per worker more than 33% above the national average.
• And don’t forget our strategic location, a proven competitive advantage. Here in the heart of New England’s business corridor, you will have ready access to major markets, financial centers and universities, as well as to hundreds of prospective suppliers and business partners.
Tax Benefits
• We’ve reduced our corporate income tax rate to 7.5%.
• We’ve instituted a tax credit exchange program – an innovative approach to encouraging investment through R&D.
• We’ve increased financing for businesses with critical technologies and provided additional R&D and property tax exemptions to 6% for high technology companies.
• We’ve raised the Net Operating Loss carry-forward period from five to 20 years.
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Business and Technical Tools
• We’ve built business assistance programs designed to help everyone from the new business owner to the CEO of a global enterprise—and we’ve made this help quickly accessible through our Web site, help lines and statewide neighborhood of agencies.
• We’ve provided licensing assistance, counseling, training programs and technical information to help start-up and growing companies prosper.
• We’ve developed creative incentives to Connecticut businesses including financial assistance, tax abatements and credits, labor training and flexible utility rates.
Quality of Life
• And why not? Connecticut boasts over 45 colleges and universities, ranging from community colleges offering two-year degrees and job training programs to world-class research institutions turning out highly educated workers and entrepreneurs. In fact, 36% of Connecticut’s population aged 25 and older has a college degree. Superior education and training will guarantee that you will get work done here and get it done right.
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Now that you know what we have to offer, you can see why You Belong In Connecticut!
There are a host of federal, state, regional, local and private programs that can help your business grow in Connecticut, whether you're looking to start, move or expand. If you don't see what you need among the links at left, try searching ProgramFinder, a database of Connecticut business assistance programs and resources, or for personal assistance, contact Connecticut's Business Response Center at 1-800-392-2122 or e-mail info@YouBelongInCT.com.
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