The latest edition of the annual Fortune 500 list includes fourteen companies headquartered in Connecticut, one more than last year.
Published annually by Fortune magazine, the list ranks 500 of the largest U.S. publicly held and privately held corporations by total yearly revenue.
“It’s a positive indicator that we’ve maintained this number of Fortune 500 companies,” CBIA president and CEO Chris DiPentima told the Connecticut Post.
“It’s a sign that the larger companies do see positive things in Connecticut like a great workforce, a great education system for their families, and a great location.”
The Connecticut-based Fortune 500 companies represent a range of critical economic sectors, including insurance, financial services, manufacturing, information technology, pharmaceuticals, construction, and telecommunications.
Together, the companies account for tens of thousands of jobs across the state and hundreds of millions of dollars in local and state tax revenues.
This year's list features:
- Booking Holdings
- Charter Communications
- Emcor Group
- Frontier Communications
- Hartford Financial Services Group
- Otis Worldwide
- Stanley Black & Decker
- Synchrony Financial
- United Rentals
- W.R. Berkley
- Xerox Holdings
Fairfield County is home to nine of those companies, with Booking, Emcor, Frontier, and Xerox all based in Stamford.
Charter Communications, Synchrony, and United Rentals are headquartered in Stamford, while XPO and W.R. Berkley are based in Greenwich.
Hartford County is home to four Fortune 500 companies—Cigna (Bloomfield), The Hartford (Hartford), Otis (Farmington), and Stanley Black & Decker (New Britain)—while Amphenol is based in the New Haven County town of Wallingford.
DiPentima told the Connecticut Post the state is well-positioned to recruit additional companies from neighboring states.
“If we’re able to hold the line on taxes this year, with New York and potentially Massachusetts increasing their tax structure, it just makes us more competitive,” he said.
“We see it as a huge opportunity—not only to get residents into Connecticut—but to also get businesses into Connecticut and certainly get some more Fortune 500 businesses into Connecticut.”