United States

Charter Communications to Build New Headquarters in Stamford

The company has committed to creating 1,100 new jobs with the project

Charter Communications, Inc. has plans to build a new 500,000-square foot headquarters in Stamford, a move that will create hundreds of new jobs, according to an announcement by the governor’s office Tuesday.

Charter is the second-largest cable operator in the U.S. and has committed to creating an additional 1,100 corporate headquarter jobs and agreed to a total in $100 million in planned expenditures in Connecticut over the next few years. Charter previously committed to create and retain 400 jobs under the state’s First Five Program in 2012.

The new 15-story facility will be at 406 Washington Avenue.

“This new, state-of-the-art facility in downtown Stamford will provide Charter the necessary resources to facilitate its continued growth. We are excited to continue expanding in Connecticut, and thank Governor Malloy, Mayor Martin, the Connecticut Department of Economic and Community Development, and the entire Stamford-area federal, state and local delegation of elected officials for their continued partnership and support,” wrote Charter CEO and Chairman Tom Rutledge in a statement.

The Department of Economic and Community Development will provide a 10-year, $10 million loan to assist with the project. State funding will be used for new equipment and leasehold improvements, and Charter might be eligible for loan forgiveness depending on how employment obligations are met. Charter will also get $10 million in tax credits through DECD.

“Today is a great day for Connecticut,” Governor Malloy wrote in a statement. “Charter’s announcement to create an additional 1,100 jobs shows that our strategic investments are continuing to spur economic growth and create good paying jobs in the state. We look forward to the continued success of Charter Communications as they grow within Connecticut.”

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