HARTFORD, CONN (WTIC Radio)-A new study by Hartford accounting firm CohnReznick ranks the city second out of 15 metros nationwide in which to relocate an insurance company
or financial services firm.
The study considered key businesses taxes and office lease costs, with other peer regions.
"This study underscores the strength of our region as a hub for insurance and financial services firms,” said David Griggs, President and CEO, MetroHartford Alliance. “We are committed to leveraging the study’s insights to foster a vibrant business climate for all employers in our community."
“The findings from this study make a powerful case for locating, investing, and growing here in Hartford,” said Mayor Luke Bronin. “We’ve long known that Hartford and the Hartford region can boast of some the best talent in the world, the best quality of life in the country, and a tremendous geographic location, and this study shows that companies can get those advantage and save money and operate more efficiently at the same time. We need to make sure that we get that information out far and wide, and I appreciate the MetroHartford Alliance’s work in commissioning this analysis.”
“CohnReznick was pleased to once again collaborate with the MetroHartford Alliance on this important benchmarking study,” said Patrick Duffany, Managing Partner - Tax at CohnReznick. “The findings provide an objective look at key factors that drive location, job creation, and capital investment decisions. We’re very encouraged to see that Hartford performs so well. Clearly, the Hartford region is worthy of serious consideration by insurance and financial services firms looking to grow and succeed. "
