January 15, 2016
Representative William Tong applauded the State Bond Commission’s approval of $2 million grant-in-aid investment in Charter Communications Inc., which recently moved its headquarters to Stamford bringing hundreds of jobs and millions of dollars in investment.
“This is another big win for Stamford, and brings another Fortune 500 headquarters to Connecticut,” Rep. William Tong (D-Stamford, Darien) said.
The grant-in-aid was awarded to assist Charter Communications with the various costs associated with moving its headquarters to Stamford from St. Louis, Missouri. Charter Communications expects to retain 260 franchise jobs and to create 200 corporate headquarters jobs in Connecticut.
Tong said Connecticut is attracting industry leading employers who are creating high-quality jobs with good benefits to grow the state’s economy. Charter Communications’ investment in the city of Stamford affirms the state’s pro-jobs, pro-business policies, he said.
“We compete aggressively to attract new companies and support ones that call Connecticut home,” said Governor Malloy. “Charter’s decision to make Stamford its headquarters is a clear indication that Connecticut is open for business.”
“This funding is an investment that provides a terrific return for Stamford,” said Rep. Caroline Simmons (D-Stamford). “Job growth is key when we look at any state bonding request. In this case, we expect 400-500 jobs in our city.”
“I want to thank Governor Malloy for this generous grant, which will allow Charter Communications to grow and bring more jobs to Stamford,” said Rep. Patricia Billie Miller (D-Stamford). “The increased economic activity and population growth in Stamford make it an exciting time to be a resident of our great city.”