When establishing a business in Greenwich or Connecticut it is always an important consideration to see how business friendly any state and/or municipality is and how strong each areas appetite is for new business establishment.

Greenwich Picture

Greenwich offers a substantial large mercantile and moderate corporate business environment set within a stylish ambiance, low crime location and an address identified with success and prestige. Of its corporate residents most are in the financial services arena, with a predominance of Hedge funds. Business runs on New England practicality and global ingenuity with the drive and pulse of New York.

Its proximity not only to New York but to the neighboring Connecticut community of Stamford to the east—where the population of nearly 120,000 is twice the size of Greenwich--adds to Greenwich’s inducement as a labor source and marketing arena.

In terms of resources, marketing demographics, access to global transportation and many other considerations, Greenwich is nonpareil in Connecticut and maybe anywhere in the U.S. A socio-economic profile of the people and their community emerges from the latest available figures compiled by the U.S. Census Bureau (in 2000).

The number of employed people in Greenwich represents more than half of the population of 61,000 and the unemployment rate of 2.4 percent if roughly half the national average.

At least 56 percent of the working population is classified as management or professional or engaged in a related occupation, 26.4 percent in sales or office activity and nearly 10 percent in the service area. The category breaks down further into 21.5 per cent in finance, insurance, real estate or rental-leasing, 17.9 percent in professional, scientific and management fields and 14. percent in education, health and social services.

In communities like Greenwich, the state has created a business-friendly environment and incentives focused on the fundamental objective of helping business to establish a profitable and competitive base. “Jump-start your business in Connecticut,” proclaims the Department of Economic and Community Development.

Connecticut’s Business Attributes enhancing Greenwich

The platform to drive development leverages the power of industrial concentrations and a network of more than 135 resources-agencies, municipalities, educational institutions and business counselors—for every level of commerce from start-up through growth to global markets.

At the foundation of Connecticut’s work environment is one of the best-educated workforces in the U.S., characterized by an all-time in productivity that is 33 percent higher than the national average.

Connecticut’s location at the base of the New England commercial corridor-and the strategic position of Greenwich on the New York border-offer proven competitive advantages and ready access to markets, financial centers and institutions of higher learning in addition to suppliers and business partners.