Source: State of Connecticut announcement
HARTFORD, Conn. – Conn. Governor Ned Lamont announced that ITT Inc. (NYSE: ITT), a leading global manufacturer and technology company, is relocating its corporate headquarters from White Plains, New York to Stamford, Conn.
ITT manufactures highly engineered components and develops customized technology solutions for the transportation, industrial, and oil and gas markets. The global company employs approximately 9,700 employees in more than 35 countries. The company’s 24,000 square-foot headquarters is located at 100 Washington Boulevard in Stamford. The move will bring 57 jobs to the state.
Cesare Savini | ITT Friction Technologies
“We are excited to begin a new chapter at ITT in the vibrant city of Stamford, Connecticut,” Luca Savi, president and CEO of ITT Inc., said. “Stamford’s rich history and prime location will provide the perfect home for our new global headquarters and will allow us to grow and build upon ITT’s long history. As a global manufacturer and developer of highly engineered components and technology, we are confident that our newly designed space will inspire innovation and collaboration and provide better solutions to serve our customers. We look forward to our move later this year.”
The Connecticut Department of Economic and Community Development is supporting the project by providing a grant in arrears up to $1,995,000, contingent on the company creating and retaining up to 57 new full-time jobs.
“Under the strong fiscal leadership of Governor Lamont we are beginning to see some real economic momentum in Connecticut, much of it propelled by companies like ITT that are making the strategic decision to invest, grow and relocate here,” Department of Economic and Community Development Commissioner David Lehman and Peter Denious, President and CEO of AdvanceCT said in a joint statement.
“Connecticut is a national and global leader for advanced manufacturing because of our highly trained and educated workforce, and we welcome ITT to Stamford,” Congressman Jim Himes said. “ITT’s move to Connecticut will not only add jobs to the state but help cement our position at the forefront of the innovation economy. The word is spreading that Connecticut is committed to creating an environment that matches workers with leading companies, and ITT is an example of how we’re succeeding.”
To view the entire announcement, click HERE.