Xerox to keep corporate jobs in Connecticut
Posted on December 31, 2016
Xerox will remain in the state and keep corporate jobs in Connecticut.
The state announced a partnership with Xerox Corporation that secures the company’s headquarters and 150 jobs in Norwalk, where it has been located since 2008. As part of the project, Xerox may add between 20 to 40 new jobs over the next four years.
“The Xerox Corporation’s announcement removes all uncertainty regarding the location of the company’s headquarters,” Governor Malloy said. “Today’s news guarantees that Xerox will continue to invest in the state, contribute to the community, and create high-paying jobs where it has called home for nearly five decades.”
The Department of Economic and Community Development (DECD) will provide a 10-year, $4.4 million low-interest loan to support the project. Xerox, which was at 45 Glover Avenue, will use the funding to purchase new equipment and make leasehold improvements in its new headquarters in building 201 in the Merritt 7 Corporate Park in Norwalk.
“Xerox has been headquartered in Connecticut for almost 50 years and with this decision, will continue to be part of the economic fabric of this state,” Leslie Varon, Xerox Chief Financial Officer, said.
“Though Xerox is a global company with access to facilities across the country and throughout the world, it chose to remain in Connecticut,” DECD Commissioner Catherine Smith said. “To have a valued headquarter employer like Xerox commit to stay in the state speaks highly of the strength of our talent pool, quality of life, location, and current business environment. We are proud to have such an iconic organization choose Connecticut.”
Earlier in the year, Xerox Corporation announced it was separating its printer-copier business from its other contract services like toll-booth software and call centers. Xerox will remain in Norwalk, while the business services component, now named Conduent, will move to New Jersey.
“Having a global brand like Xerox headquartered in Norwalk has always been a huge source of pride for the city,” State Senate Majority Leader Bob Duff (D-Norwalk) said. “Building and strengthening Connecticut’s relationship with Xerox will help the company expand and ensure that good jobs remain in our community. Today is a good day for Norwalk and a good day for Connecticut.”