Charter Communications… Coming Soon to Connecticut

 

Tom Rutledge, CEO, Charter Communications Inc.

Connecticut’s job-creation program— originally First 5, now expanded to First 15— is bringing Charter Communications Inc. to Stamford, and along with it a minimum of 200 new jobs.

 

Relocating from St. Louis, Missouri, the nation’s fourth largest cable company- with a presence in twenty five states and already over 100,000 customers in Connecticut- is making plans to renovate 70,000 square feet of office space on Atlantic Avenue and will move most of its executives to the Fairfield County area.

 

Under the somewhat controversial program, which provides compelling incentives for business creation in Connecticut to the first fifteen corporations qualifying, the move will be made thanks to a 10-year forgivable loan of  $6.5 million for the renovation of the existing space.

 

Recently tapped CEO, Tom Rutledge, formerly  COO of Cablevision Systems Corp., cites Connecticut’s “superior transportation infrastructure” and “talent base” as compelling reasons for the move… and the financial incentives certainly can’t be overlooked.

 

No question about it though… it can only be good for the Fairfield County economy… and should give a boost to the local real estate market as well.  Missouri’s loss is Connecticut’s gain.

 

Welcome to Connecticut!