OUR VIEW: Life in Connecticut: Better than first advertised

Published on Thursday, 13 July 2017 19:31
Written by Staff

It’s certainly good news for our state that the largest internet job site in the world, Indeed, plans to spend $26.5 million to expand its offices in Stamford, and to grow the workforce from about 700 employees to more than 1,200 in the coming years. Of course, it’s helped along by the fact that the Connecticut Department of Economic and Community Development will provide a 15-year, $7 million low-interest loan to support the expansion.

But it may be more than state money that is sparking the expansion here in Connecticut.

In CNBC’s state business ranking this year, Connecticut advanced 10 places to 33rd. CNBC rated the state’s schools as third-best in the country and its work force as seventh. Both had been ranked 18th a year ago.

Of course, it wasn’t all good news. The state ranked 47th on infrastructure, 43rd on the cost of doing business, 41st on the economy and 45th on cost of living. (In fact, according to Harvard University’s annual State of the Nation’s Housing report, rents in Fairfield County are among the highest in the nation, with median rents higher than those in the New York and Boston metro areas - and the cost of owning a home is no better.)

But, in reading about the Indeed deal, we noted one more element that CNBC didn’t grade: the company was attracted to Stamford’s “walkable, vibrant downtown.”

For the young, tech-savvy workers Indeed hires, quality of life is as important as pocketbook issues - and smart employers realize what it takes to attract them.

Town planners: take notice.



Posted in The Bristol Press, Editorials on Thursday, 13 July 2017 19:31. Updated: Thursday, 13 July 2017 19:33.