Connecticut Construction Jobs Created by UnitedHealth Group Expansion
Posted on March 31, 2009
The company has announced it will keep its workforce, made up of more than 2,000 people, in Connecticut and move its offices to a new location in Hartford. The relocation project will create 150 to 200 construction jobs during the next year to year-and-a-half, according to an article by Expansion Management.
â€œThis is a triumph for Connecticut, for UnitedHealth Group and for our stateâ€™s capital city, and welcome news to employees and their families at a time of terrible economic uncertainty,â€ Gov. M. Jodi Rell said in the article. â€œI am doing everything in my power to keep and create jobs in our state.
“With the national economy making so many companies reluctant to take on risk, that includes helping businesses make capital investments and expand their operations here,” Rell continued. “I am pleased that UnitedHealth Group has decided to stay in Hartford.â€
UnitedHealth Group, which is a Fortune 500 Company, has more than 4,000 employees and staff at locations throughout Connecticut. The company had $81 billion in revenue in 2008. The company will relocate from downtown Hartford to CityPlace.
Connecticut’s Department of Economic and Community Development will provide a $1.5 million incentive package toward UnitedHealth Group’s infrastructure improvements and energy-efficient projects. The agreement requires the company to keep 2,000 employees in Hartford for at least three years.
â€œOur decision to remain in Hartford reinforces the companyâ€™s ongoing commitment to the region as both an employer and community partner,â€ Mike Matteo, CEO of UnitedHealth Group’s national accounts business, said in the article. â€œHartford has long been home to leading health-care and financial-services companies.
“We are proud to be an active contributor to our capital cityâ€™s development and look forward to relocating to CityPlace and keeping our professional work force in downtown,â€ Matteo continued.