Economy Of Connecticut
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Economy Of Connecticut
The total gross state product for Connecticut for 2012 was $229.3 billion, up from $225.4 billion in 2011. Connecticut's per capita personal income in 2013 was estimated at $60,847, the highest of any state. There is, however, a great disparity in incomes throughout the state; after New York, Connecticut had the second largest gap nationwide between the average incomes of the top 1% and the average incomes of the bottom 99%. According to a 2013 study by Phoenix Marketing International, Connecticut had the third-largest number of millionaires per capita in the United States, with a ratio of 7.32%. New Canaan is the wealthiest town in Connecticut, with a per capita income of $85,459. Darien, Greenwich, Weston, Westport and Wilton also have per capita incomes over $65,000. Hartford is the poorest municipality in Connecticut, with a per capita income of $13,428 in 2000. The state's seasonally adjusted unemployment rate in September 2019 was 3.6%, the 30th highest in the n ...
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Gross State Product
Gross regional domestic product (GRDP), gross domestic product of region (GDPR), or gross state product (GSP) is a statistic that measures the size of a region's economy. It is the aggregate of gross value added (GVA) of all resident producer units in the region, and analogous to national gross domestic product. The GRDP includes regional estimates on the three major sectors including their sub-sectors, namely: * Raw material sector: Agriculture, animal husbandry, fishery, and forestry. * Industry sector: Construction, electricity, manufacturing, mining, quarrying, and water. * Service sector: Communication, finance, private government services, property management, real estate sales, storage, trade, and transport. "The GRDP is usually presented in nominal and real terms. Nominal GRDP measures the value of the outputs of the economy at current prices. Real GRDP referred to as GRDP at constant prices, measures the value of an economy's output using the prices of a fixed base y ...
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Royal Bank Of Scotland
The Royal Bank of Scotland plc (RBS; gd, Banca Rìoghail na h-Alba) is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Bank. The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are branches in many larger towns and cities throughout England and Wales. The bank is completely separate from the fellow Edinburgh-based bank, the Bank of Scotland, which pre-dates the Royal Bank by 32 years. The Royal Bank of Scotland was established in 1724 to provide a bank with strong Hanoverian and Whig ties. Following ring-fencing of the Group's core domestic business, the bank became a direct subsidiary of NatWest Holdings in 2019. NatWest Markets comprises the Group's investment banking arm. To give it legal form, the former RBS entity was renamed NatWest Markets in 2018; at the same time Adam and Company (which held a separate PRA banking ...
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Ridgefield, Connecticut
Ridgefield is a town in Fairfield County, Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its cap ..., United States. Situated in the foothills of the Berkshire Mountains, the 300-year-old community had a population of 25,033 at the 2020 United States Census, 2020 census. The Ridgefield (CDP), Connecticut, town center, which was formerly a borough (Connecticut), borough, is defined by the U.S. Census Bureau as a census-designated place. History Ridgefield was first settled by English colonists from Norwalk, Connecticut, Norwalk and Milford, Connecticut, Milford in 1708, when a group of settlers purchased land from Chief Katonah, Chief Catoonah of the Ramapough Mountain Indians, Ramapo tribe. The town was incorporated under a royal charter from the Connecticut General Assembly ...
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Boehringer Ingelheim
C.H. Boehringer Sohn AG & Co. is the parent company of the Boehringer Ingelheim group, which was founded in 1885 by Albert Boehringer in Ingelheim am Rhein, Germany. As of 2018, Boehringer Ingelheim is one of the world's largest pharmaceutical companies, and the largest private one. Headquartered in Ingelheim, it operates globally with 146 affiliates and more than 47,700 employees. Unlike most large pharmaceutical companies which are listed, the company is private and fully owned by the Boehringer, Liebrecht and von Baumbach families. The company's key areas of interest are: respiratory diseases, metabolism, immunology, oncology and diseases of the central nervous system. Boehringer Ingelheim is a full member of the European Federation of Pharmaceutical Industries and Associations (EFPIA). The corporate logo of Boehringer Ingelheim depicts a stylized rendition of the central section of the imperial palace of Charlemagne. History 1885–1999 *1885: Albert Boehringer ...
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Groton, Connecticut
Groton is a town in New London County, Connecticut located on the Thames River. It is the home of General Dynamics Electric Boat, which is the major contractor for submarine work for the United States Navy. The Naval Submarine Base New London is located in Groton, and the pharmaceutical company Pfizer is also a major employer. Avery Point in Groton is home to a regional campus of the University of Connecticut. The population was 38,411 at the 2020 census. History Groton was established in 1705 when it separated from New London, Connecticut. The town was named after Groton, Suffolk in England. A hundred years before it was established, the Niantic people settled in the area between the Thames River and Pawcatuck River, but they eventually settled in Westerly, Rhode Island. The newcomers to the land were the Pequots, a branch of the Mohawk people who moved eastward into the Connecticut River Valley. The summer of 1614 was the first time that the Pequots encountered white settl ...
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General Dynamics
General Dynamics Corporation (GD) is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. As of 2020, it was the fifth-largest defense contractor in the world by arms sales, and 5th largest in the United States by total sales. The company is a Fortune 100 company, and was ranked No. 94 in 2022. Formed in 1954 with the merger of submarine manufacturer Electric Boat and aircraft manufacturer Canadair, the corporation today consists of ten subsidiary companies with operations in 45 countries. The company's products include Gulfstream business jets, Virginia- and Columbia-class nuclear-powered submarines, Arleigh Burke-class guided-missile destroyers, M1 Abrams tanks and Stryker armored fighting vehicles. In 2021, General Dynamics had worldwide sales of $38.85 billion and a workforce of approximately 103,000 full-time employees. The current chairman and chief executive officer (CEO) is Phebe Novakovic. History Electric Boat Ge ...
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Electric Boat
An electric boat is a powered watercraft driven by electric motors, which are powered by either on-board battery packs, solar panels or generators. While a significant majority of water vessels are powered by diesel engines, with sail power and gasoline engines also popular, boats powered by electricity have been used for over 120 years. Electric boats were very popular from the 1880s until the 1920s, when the internal combustion engine became dominant. Since the energy crises of the 1970s, interest in this quiet and potentially renewable marine energy source has been increasing steadily, especially as more efficient solar cells have become available, for the first time making possible motorboats with a theoretically infinite cruise range like sailboats. The first practical solar boat was probably constructed in 1975 in England. The first electric sailboat to complete a round-the-world tour (including a transit of the Panama Canal) using only green technologies is EcoSail ...
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Pratt & Whitney
Pratt & Whitney is an American aerospace manufacturer with global service operations. It is a subsidiary of Raytheon Technologies. Pratt & Whitney's aircraft engines are widely used in both civil aviation (especially airlines) and military aviation. Its headquarters are in East Hartford, Connecticut.Contact Us
." Pratt & Whitney. Retrieved on January 7, 2011. "Corporate Headquarters Pratt & Whitney 400 Main Street East Hartford, CT 06108."
As one of the "big three" aero-engine manufacturers, it competes with and , although it has also formed joint ventures with both ...
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Stratford, Connecticut
Stratford is a town in Fairfield County, Connecticut, United States. It is situated on Long Island Sound at the mouth of the Housatonic River. Stratford is in the Bridgeport–Stamford–Norwalk Metropolitan Statistical Area. It was settled by Puritans in 1639. The population was 52,355 as of the 2020 census. It is bordered on the west by Bridgeport, to the north by Trumbull and Shelton, and on the east by Milford (across the Housatonic River). Stratford has a historical legacy in aviation, the military, and theater. History Founding and Puritan era Stratford was founded in 1639 by Puritan leader Reverend Adam Blakeman, William Beardsley, and either 16 families (according to legend) or approximately 35 families (suggested by later research) who had recently arrived in Connecticut from England seeking religious freedom. In 1639 the General Court in Hartford made reference to the town as the "new plantation at Pequannock". In 1640 the community was known as Cupheag, a ...
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Sikorsky Aircraft
Sikorsky Aircraft is an American aircraft manufacturer based in Stratford, Connecticut. It was established by aviation pioneer Igor Sikorsky in 1923 and was among the first companies to manufacture helicopters for civilian and military use. Previously owned by United Technologies Corporation, in November 2015 Sikorsky was sold to Lockheed Martin. History On 5 March 1923, the Sikorsky Aero Engineering Corporation was founded near Roosevelt Field, New York, by Igor Sikorsky, an immigrant to the United States who was born in Kyiv. In 1925, the company name was changed to Sikorsky Manufacturing Company. After the success of the Sikorsky S-38">S-38, the company was reorganized as the Sikorsky Aviation Corporation with capital of $5,000,000, allowing the purchase of land and the building of a modern aircraft factory in Stratford. In 1929, the company moved to Stratford, Connecticut, and it became a part of United Aircraft and Transport Corporation (later United Technologies Corporatio ...
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Lockheed Martin
The Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and technology corporation with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland, in the Washington, D.C. area. Lockheed Martin employs approximately 115,000 employees worldwide, including about 60,000 engineers and scientists as of January 2022. Lockheed Martin is one of the largest companies in the aerospace, military support, security, and technologies industry. It is the world's largest defense contractor by revenue for fiscal year 2014.POC Top 20 Defence Contractors of 2014
. Retrieved: July 2015
In 2013, 78% of Lockheed Martin's revenues came from military sales;
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United Technologies Corporation
United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building automation, and industrial products, among others. UTC was also a large military contractor, getting about 10% of its revenue from the U.S. government. Gregory J. Hayes was the CEO and chairman. In April 2020 UTC merged with the Raytheon Company to form Raytheon Technologies. History Pre-1970s 1970s and 1980s In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft.. He pursued a strategy of growth and diversification, changing the parent corporation's name to United Technologies Corporation (UTC) in 1975 to reflect the intent to diversify into numerous high tech fields beyond aerospace.. (The change became official on May 1, 1975.) The diversificat ...
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