Governor Lamont Announces ITT Inc. to Move Global Headquarters to Connecticut

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Governor Lamont Announces ITT Inc. to Move Global Headquarters to Connecticut

(HARTFORD, CT) – Governor Ned Lamont today announced that ITT Inc. (NYSE: ITT), a global leader in manufacturing and technology, is moving its headquarters from White Plains, New York, to Stamford , Connecticut.

ITT manufactures high-tech components and develops customized technology solutions for the transportation, industrial, oil and gas markets. The global company employs approximately 9,700 people in more than 35 countries. The company’s 24,000 square foot head office is located at 100 Washington Boulevard in Stamford. The move will bring 57 jobs to the state.

“Our administration has been focused on doing everything in our power to revive the Connecticut economy, and having a world-class company like ITT that decides to move its headquarters to our state is nothing more than ‘a victory ” Governor Lamont said. “I appreciate the ITT team, including CEO Luca Savi, for choosing Connecticut, and look forward to having a strong working relationship as this business continues to grow here. “

“We are delighted to start a new chapter at ITT in bustling Stamford, Connecticut”, Luca Savi, President and CEO of ITT Inc., said. “Stamford’s rich history and prime location will provide the perfect home for our new global headquarters and allow us to grow and build on ITT’s long history. As a global manufacturer and developer of high-tech components and technologies, we are confident that our newly designed space will inspire innovation and collaboration and provide better solutions to serve our customers. We look forward to our move later this year.

“ITT has recognized, like other leading companies in the industry, that Stamford is an ideal location for a corporate headquarters,” Stamford Mayor David Martin said. “The city offers the essential resources a business needs, including an innovative culture, a highly skilled and well-trained workforce, excellent transportation options, and a wonderfully diverse community that caters to a wide range of needs and needs. of interest. This move is an example of the high quality businesses and jobs that the city and state have worked together to attract to the area, and I am proud to welcome them to Stamford.

“We are honored that ITT has chosen Harbor Point as the site for its new global presence” Carl R. Kuehner III, President of Building and Land Technology, said. “Our community’s desirable location, coupled with the flexible health and wellness offerings we can offer, underscore the promise that our city and state are committed to attracting global talent and being competitive on the market. main markets.

The Connecticut Department of Economic and Community Development is supporting the project with a term grant of up to $ 1,995,000, provided the company creates and maintains up to 57 new full-time jobs.

“Under Governor Lamont’s strong fiscal leadership, we are starting to see real economic momentum in Connecticut, largely propelled by companies like ITT making the strategic decision to invest, grow and locate here.” Ministry of Community and Economic Development Commissioner David Lehman and Peter Denious, Chairman and CEO of AdvanceCT, said in a joint statement.

“Connecticut is a national and global leader in advanced manufacturing due to our highly skilled and educated workforce, and we welcome ITT to Stamford,” Congressman Jim Himes said. “ITT’s move to Connecticut will not only add jobs to the state, but help solidify our position at the forefront of the innovation economy. Word is spreading that Connecticut is committed to creating an environment that connects workers with major companies, and ITT is an example of how we are successful.

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Margie D. Carlisle