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  • U.S. subsidiaries in Connecticut play a vital role in supporting jobs. They now employ 104,900 workers in Connecticut.
  • Connecticut has proven to be an attractive location for international employers, ranking 17th in the United States in the number of employees supported by U.S. subsidiaries.
  • In fact, the relative portion of jobs in the state supplied by U.S. subsidiaries remains significant. They provide the livelihood for more than 7% of Connecticut's private-sector workforce.
  • Connecticut is tied with South Carolina as 1st in the country in the share of its workforce supported by U.S. subsidiaries.

  • U.S. subsidiaries support 26,300 manufacturing jobs in Connecticut. Manufacturing companies tend to have a strong "multiplier" effect on the economy—stimulating a substantial amount of activity and jobs in other sectors through their demand for inputs from other suppliers.
  • Almost 14% of manufacturing jobs in Connecticut are supported by U.S. subsidiaries.
  • U.S. subsidiaries’ employment in Connecticut is heavily concentrated in manufacturing. More than 25% of these jobs are in manufacturing industries.

  • U.S. subsidiaries consistently support millions of American jobs. They now employ 5.3 million Americans-or 4.5% of private sector employment.
  • U.S. subsidiaries support an annual payroll of $364.2billion.
  • U.S. subsidiaries provide an average compensation per U.S. worker of $68,317; this is 32% higher than compensation at all U.S. companies.
  • U.S. subsidiaries also spent $160 billion on plant construction and new equipment.
  • U.S. subsidiaries' share of U.S. manufacturing employment represents almost 11% of American manufacturing jobs.


Volvo Aero, a U.S. subsidiary of Sweden-based Volvo, began construction on a 27,000-square foot expansion of their plant and office building in Newington, Connecticut and will be operational in 208. Volvo purchased the company, formally known as Aero-craft, in 2004, and has since expanded the number of people working for the company from 30 to 60, with up to 40 more jobs being created once the expansion becomes fully operational.

ABB
ACE Group
Air Liquide
Alcatel-Lucent
Allianz
AREVA Inc.
Arkema Inc.
BAE Systems, Inc.
Bayer
BIC Corporation
Boehringer Ingelheim
Bridgestone Americas
Deutsche Telekom/T-Mobile
Fuji Photo Film Inc.
GKN Aerospace Inc.
GlaxoSmithKline
Honda
HSBC
ING
Nestlé USA, Inc.
Oldcastle Inc.
Philips
Reed Elsevier
Rexam
sanofi-aventis U.S.
Siemens
Sodexo
Swiss Re America Holding Corp.
The Nielsen Company (US), Inc.
Thompson Reuters
Thule, Inc.
ThyssenKrupp Elevator Corporation
Tyco
Unilever
XL Capital Group
Zurich North America