Hartford, Connecticut, United States

Economy

🇺🇸 Hartford is the capital city of the U.S. state of Connecticut. It was the seat of Hartford County until Connecticut disbanded county government in 1960. It is the core city in the Greater Hartford metropolitan area.

Hartford was founded in 1635 and is among the oldest cities in the United States. It is home to the country's oldest public art museum (Wadsworth Atheneum), the oldest publicly funded park (Bushnell Park), the oldest continuously published newspaper (the Hartford Courant), and the second-oldest secondary school (Hartford Public High School). It is also home to the Mark Twain House, where the author wrote his most famous works and raised his family, among other historically significant sites. Mark Twain wrote in 1868, "Of all the beautiful towns it has been my fortune to see this is the chief".

Hartford was the richest city in the United States for several decades following the American Civil War. Today, it is one of the poorest cities in the U.S., with 3 out of every 10 families living below the poverty threshold. In sharp contrast, the Greater Hartford metropolitan statistical area was ranked 32nd of 318 metropolitan areas in total economic production and 8th out of 280 metropolitan statistical areas in per capita income in 2015.

Nicknamed the "Insurance Capital of the World", Hartford holds high sufficiency as a global city, as home to the headquarters of many insurance companies, the region's major industry. Other prominent industries include the services, education and healthcare industries. Hartford coordinates certain Hartford-Springfield regional development matters through the Knowledge Corridor Economic Partnership.

Economy Hartford is a centre for medical care, research, and education. Within the city of Hartford itself, hospitals include Hartford Hospital, The Institute of Living, Connecticut Children's Medical Center, and Saint Francis Hospital & Medical Center (which merged in 1990 with Mount Sinai Hospital).

Hartford is also the historic international centre of the insurance industry, with companies like Aetna, Conning & Company, The Hartford, Harvard Pilgrim Health Care, The Phoenix Companies, and Hartford Steam Boiler based in the city, and companies like Prudential Financial, Lincoln National Corporation, Sun Life Financial Travelers, United Healthcare and Axa XL having major operations in the city. Insurance giant Aetna had its headquarters in Hartford before announcing a relocation to New York City in July 2017. However, when CVS acquired Aetna a few months later, they announced Aetna would remain in Hartford for at least four years. The city is also home to the corporate headquarters of CareCentrix, Choice Merchant Solutions, Global Atlantic Financial Group, Hartford Healthcare, Insurity, LAZ Parking, ProPark Mobility, U.S. Fire Arms, and Virtus Investment Partners.

In 2008, Sovereign Bank consolidated two bank branches as well as its regional headquarters in a nineteenth-century palazzo on Asylum Street. Bank of America and People's United Financial have a significant corporate presence in Hartford. In 2009, Northeast Utilities, a Fortune 500 company and New England's largest energy utility, announced it would establish its corporate headquarters downtown.

Hartford is a burgeoning technology hub. In March 2018, Infosys announced that opening of a new technology innovation hub in Hartford, creating up to 1,000 jobs by 2022. The Hartford technology innovation hub will focus on three key sectors- insurance, healthcare and manufacturing. Hartford has continued to attract technology companies including CGI Inc., Covr Financial Technologies, GalaxE. Solutions, HCL Technologies and Larsen & Toubro. Insurance software provided Insurity is also headquartered in the city.

Local unemployment remains high in Hartford compared to other cities, the state, and the U.S. Of the four major cities in Connecticut (Bridgeport, New Haven, and Stamford), Hartford's unemployment rate of 7.5% in the fall of 2018 was the highest. As a whole, Connecticut's unemployment rate remains above 5% while the national rate hovers just under 4%.

Hartford, Connecticut 
Hartford, Connecticut
Image: Adobe Stock f11photo #82748178

Hartford is rated High Sufficiency by the Globalization and World Cities Research Network (GaWC) which evaluates and ranks the relationships between world cities in the context of globalisation. High Sufficiency level cities are cities that have a sufficient degree of services so as not to be overly dependent on world cities.

Hartford is ranked #129 by the Global Urban Competitiveness Report (GUCR) which evaluates and ranks world cities in the context of economic competitiveness. Hartford was ranked #698 by the Nomad List which evaluates and ranks remote work hubs by cost, internet, fun and safety. Hartford has a population of over 122,105 people. Hartford also forms the centre of the Greater Hartford metropolitan area which has a population of over 1,486,436 people. Hartford is ranked #209 for startups with a score of 1.957.

To set up a UBI Lab for Hartford see: https://www.ubilabnetwork.org Twitter: https://twitter.com/UBILabNetwork

Twin Towns, Sister Cities Hartford has links with:

🇵🇱 Bydgoszcz, Poland 🇵🇷 Caguas, Puerto Rico 🇹🇹 Couva, Trinidad and Tobago 🇨🇳 Dongguan, China 🇮🇹 Floridia, Italy 🏴󠁧󠁢󠁥󠁮󠁧󠁿 Hertford, England 🏴󠁧󠁢󠁥󠁮󠁧󠁿 Hertingfordbury, England 🇧🇷 João Pesso, Brazil 🇧🇷 João Pessoa, Brazil 🇯🇲 Morant Bay, Jamaica 🇮🇪 New Ross, Ireland 🇳🇮 Ocotal, Nicaragua 🇬🇭 Sogakope, Ghana 🇹🇼 Taoyuan, Taiwan 🇬🇷 Thessaloniki, Greece
Text Atribution: Wikipedia Text under CC-BY-SA license | GaWC | GUCR | Nomad | StartupBlink

  • Axel Herman Haig |

    🇸🇪 🏴󠁧󠁢󠁥󠁮󠁧󠁿 Painter/Etcher/Illustrator/Architect Axel Herman Haig is associated with Hartford. Haig produced perspective drawings for the leading architects of the day.

  • Kevin Roche |

    🇮🇪 🇺🇸 Architect Kevin Roche is associated with Hartford. He was a member of the Accademia Nazionale di San Luca in Italy.

Antipodal to Hartford is: 107.326,-41.763

Locations Near: Hartford -72.6743,41.7627

🇺🇸 West Hartford -72.75,41.767 d: 6.3  

🇺🇸 New Britain -72.783,41.667 d: 14  

🇺🇸 Manchester -72.517,41.767 d: 13.1  

🇺🇸 Vernon -72.45,41.833 d: 20.2  

🇺🇸 Bristol -72.91,41.68 d: 21.6  

🇺🇸 Meriden -72.783,41.533 d: 27.1  

🇺🇸 Springfield -72.583,42.1 d: 38.3  

🇺🇸 Chicopee -72.6,42.133 d: 41.7  

🇺🇸 Waterbury -73.039,41.562 d: 37.7  

🇺🇸 Torrington -73.117,41.8 d: 36.9  

Antipodal to: Hartford 107.326,-41.763

🇦🇺 Bunbury 115.637,-33.327 d: 18826.1  

🇦🇺 Mandurah 115.721,-32.529 d: 18748.5  

🇦🇺 Albany 117.867,-35.017 d: 18830.6  

🇦🇺 Rockingham 115.717,-32.267 d: 18724.3  

🇦🇺 City of Cockburn 115.833,-32.167 d: 18709  

🇦🇺 Vincent 115.834,-31.936 d: 18687.3  

🇦🇺 Perth 115.857,-31.953 d: 18687.7  

🇦🇺 Guildford 115.973,-31.9 d: 18676.9  

🇦🇺 Wanneroo 115.803,-31.747 d: 18671  

🇦🇺 Midland 116.01,-31.888 d: 18673.9  

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