March 14, 2018

Global IT giant Infosys to bring 1,000 jobs to Hartford

Connecticut state Capitol in Hartford.

With the help of up to $14 million in state grants, India-based information technology and outsourcing provider Infosys will open a facility in Hartford that will employ 1,000 people within the next five years, Gov. Dannel P. Malloy announced Wednesday afternoon.

The exact location of the $20.6 million project has not yet been revealed, but Infosys said it will be one of a handful of U.S. "technology and innovation hubs" the company announced last year. Infosys said it will focus on three key sectors -- insurance, health care and manufacturing.

"This investment will further strengthen our ability to serve clients' needs throughout the New England region and expand the local workforce to help our clients compete in the rapidly digitizing insurance, health care and manufacturing sector," Infosys President Ravi Kumar said Wednesday. "Hartford's position as the Insurance Capital of the World, paired with Connecticut's world-renowned academic institutions, will place Infosys in close proximity to valued clients and accelerate the recruitment of highly-skilled local talent."

At a press conference, Kumar said Department of Economic and Community Development Commissioner Catherine Smith and a group of major business leaders -- including Hartford HealthCare CEO Elliot Joseph, Stanley Black & Decker CEO Jim Loree and Mark Boxer, global chief information officer at Cigna -- helped make the case for the city.

Kumar said gubernatorial candidate Ned Lamont, a Democrat and Greenwich businessman, "got into my office and dragged me to the state of Connecticut to see when I was reluctant to do so."

"I've never been to a state where a set of businesses stood up and said 'come here, we'll work together, we'll make it successful,'" Kumar said.

Boxer said at the press conference that he has known Kumar and his team for years.

Malloy on Wednesday called the deal, which has been in the works for some time, "the best kept secret" of his administration.

"Today marks yet another landmark day in Connecticut's economic development efforts at a time when our investments are bringing new life and vigor to our Capital City," Malloy said.

Hartford Mayor Luke Bronin also hailed the development.

"This announcement is huge for Hartford and for Connecticut," Bronin said. "In the last few months, we've seen Hartford's innovation ecosystem develop rapidly, with our Insurtech Accelerator up and running Stanley Black & Decker's advanced manufacturing accelerator on the way, and Infosys' decision to bring a thousand innovation jobs to Hartford represents the next big step."

Sen. Len Fasano, R-North Haven, the state Senate's top Republican, also applauded the governor's efforts in bringing Infosys to the Capital City.

"It is encouraging to see businesses, from Infosys to Stanley Black and Decker, taking steps to invest in Hartford in recent months," Fasano said. "I hope the Infosys project will inspire others to invest in Connecticut's cities and create more opportunities to encourage people to come to and stay in Connecticut."

DECD said it will provide up to $12 million in grants, depending on job milestones, from the First Five program. Infosys will use that money for computer and office equipment and leasehold improvements. The company could also receive another $2 million in training grants.

Infosys said it recently opened a similar hub in Indiana, and that two more are coming in North Carolina and Rhode Island.

Comments
Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

 
Today's Poll Would lowering income taxes and boosting the sales tax make Connecticut more competitive?<>
ADVERTISEMENTS
Most Popular on Facebook
Copyright 2017 New England Business Media