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Connecticut- High-Tech and Hedge Funds

Connecticut stretches along Long Island Sound from the suburbs of New York City to the old harbors of New London and Mystic. The area of the state close to New York, such as Greenwich and Stamford is well known to be a favorite place for the on-shore site for hedge funds and other speculative financial operations. The towns of Fairfield County tend to have high per-capita incomes, reaching towards $100,000 per capita in the case of New Canaan. Economic activity is varied, from the bedroom communities close to New York, the ports and New Haven and Bridgeport, to the naval facilities and commercial support operations near Groton and New London- many ideas for your Connecticut Incorporation.

There is still a certain amount of agricultural production in the state, including eggs, dairy and tobacco. Some parts of Connecticut still produce machine tools and military equipment, though this is not as widespread as it was twenty or thirty years ago. A significant tourist operation also flourishes, with the public enjoying historical sites going back to colonial America, and sites such as Mystic, which reminds tourist of the era of the great sailing ships. Mystic has become an elaborate and attractive tourist destination. It?s the recreation of a 19th Century fishing village, with all the tall sailing ships in port, plus it has one of the world?s largest maritime museums. A large industry has been built around t-shirts and sweatshirts with various Mystic sailing symbols, and other paraphernalia. Relatively small companies and corporations can create these designs for souvenirs and if they are successful in marketing them in the various shops in the Mystic area, then they are in business. Mystic is also the center of art galleries and artist colonies devoted to picturing different aspects of the sea and traditional maritime life.

The state capital Hartford has been a long-time center of the insurance industry. It is still the location of large insurance operations such as St. Paul Traveler. Many other insurance companies have operations in Hartford. The Aetna group office, located on Farmington office is involved in health care and employee benefit programs. The Chubb group of insurance companies is on Asylum St., and provides property and casualty insurance. The Hartford Co. goes back to 1810 and remains one of the largest full-service insurance companies in the United States. Other insurance companies that have offices in Hartford include the ING Group, the MassMutual Financial Group, Prudential Financial and the United Health Care Group.

Another business that has been popular in Connecticut is the real estate business. Of course people need homes, but over the last 15 years or so there has been a fairly large speculative boom in Connecticut real estate. Home and condo prices are fairly high not only in the bedroom communities of New York City, but also in the New Haven area, which has some added interest due to the presence of Yale University. New Haven and Bridgeport have large immigrant communities and a large number of ethnic restaurants from Hispanic to Vietnamese or even Ethiopian restaurants have sprung up into existence. Large numbers of large and small groceries and supermarkets have opened to supply the food needs of these various populations.

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Howard Giske writes about how to get your
Connecticut Incorporation
and other business info at http://www.incparadise.com
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