Hartford Business Journal Special Editions

Doing Business In Connecticut 2017

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2017 | Doing Business in Connecticut 89 Healthy Residents ........................... 3rd Share of Finance & Insurance Jobs ............................ 1st Advanced Degrees .......................... 3rd State Innova on ............................. 5th Produc vity .................................... 5th Business R&D.................................. 4th Scien sts & Engineers .................... 6th Energy Efficiency ............................. 5th Venture Capital Deals ..................... 8th Patents ............................................ 7th Connecticut's National Rankings Number of Businesses in Connecticut 70,646 Small employers (<500 employees) 97% of the total businesses 2,101 Large employers (>500 employees) 3% of the total businesses France ............................ $ 1,955 Germany ........................ $ 1,641 Canada ........................... $ 1,633 United Arab Emirates .... $ 1,242 Mexico ........................... $ 1,061 United Kingdom ............. $ 895 China ............................. $ 814 Japan ............................. $ 526 Netherlands ................... $ 494 South Korea ................... $ 364 Connecticut's Major Trading Partners/Exports (in millions) Top 10 Industries in Connecticut (ranked by payroll) Finance & Insurance ..........................................6,131 Heath Care and Social Assistance ......................10,456 Manufacturing ...................................................4,258 Professional, Scien fic & Tech Services .............9,266 Wholesale Trade ................................................4,355 Retail Trade ........................................................12,573 Management of Companies & Enterprises ........706 Administra ve and Support and Waste Management and Remedia on Services ..................................5,300 Construc on ......................................................7,899 Educa onal Services ..........................................1,383 Annual Payroll for Top Ten Sectors (in millions) $16,042 $12,601 $10,990 $9,246 $5,282 $5,226 $4,595 $3,571 $3,211 $3,167 *See chart to the le for corresponding sector names. $1,641 $1,633 $1,242 $1,061 $895 $814 $526 $494 $364 Source: 2016 CT Economic Review Source: SBA Source: U.S. Department of Commerce, 2016. Source: U.S. Economic Census, 2013 Source: U.S. Economic Census, 2013 No. of companies $1,955

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