Why Hartford is a Top Choice for Business Expansion
The city of Hartford, Connecticut has been identified as one of the best destinations for business growth, according to a comprehensive study conducted by the MetroHartford Alliance and accounting firm CohnReznick.
The Competitive Advantage of Hartford
This extensive study surveyed 15 competitive markets and found that Hartford ranked second as the most desirable location for company expansion. Regions like New York, Massachusetts, North Carolina, and Texas were also included in the study.
Why Businesses Choose to Grow in Hartford
The Greater Hartford area particularly stood out in the study due to several factors making it a competitive choice for business growth. These include the lower cost of living, reasonable business operation costs, and a robust labor market.
Hartford: A Hub of Talent
Hartford’s labor market is a compelling selling point for businesses looking to expand. “The number one thing that companies need when expanding is talent, and Hartford has the highest concentration of insurance-related talent anywhere in the country,” David Griggs, the president, and CEO of the MetroHartford Alliance, explains. This high concentration of specialized talent is a key reason why Hartford is an ideal location for business growth, particularly within the insurance industry.
Find out more about the benefits of expanding a business in Hartford from The MetroHartford Alliance.
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