18 Doing Business in Connecticut | 2016
SPONSORED REPORT
Connecticut's Talent:
One of Our Most Abundant Resources
C
onnecticut is home
to one of the most
highly skilled and
highly productive workforces
in America — at every level of
employment and across every
sector of the economy.
Better still, the state is commit-
ted to helping organizations develop
their employees — as demonstrated
by an array of impressive workforce
training initiatives.
The statistics tell the story.
According to 2014 U.S. Census
Bureau data, Connecticut ranks:
• #3 in the country for the
percentage of employees with
advanced degrees
• #3 in the country for labor
productivity
Science and engineering talent is
particularly abundant in Connecticut.
Not only do we have a significant num-
ber of high-tech workers, but Connecti-
cut also has a 33 percent higher concen-
tration of employees with science and
engineering doctorate degrees than the
national average. (Source: National Science
Foundation, 2014; calculations by CERC.)
Highly qualified employees also
abound in the insurance and financial
services fields. In fact, according to the
2014 U.S. Bureau of Labor Statistics,
Connecticut had more than double the
insurance employees per capita than
the national average.
A robust pipeline of talent
Contributing to the strength of
this workforce are the many leading
educational institutions across the
state. Currently, there are more than
a quarter of a million students attend-
ing 42 public and private institutions
of higher learning in Connecticut.
In the 2016 Best Colleges ranking
from U.S. News and World Report:
• Yale ranked as the third-ranked
university in the country
• UConn ranked among the
top 20 public universities in
the United States
This past year, business leaders from all sectors, across all regions of the state, volunteered
to explain why they do business in Connecticut as part of an economic development radio
campaign. You can hear from Connecticut's business leaders at CTforBusiness.com.
