Technology, consulting and IT company Infosys has plans to open a new location in Hartford and hire for 1,000 positions by 2022.
The Connecticut Technology and Innovation hub will focus on healthcare, insurance and manufacturing and offer data security and data-sharing services to its clients.
The project is estimated to cost $20.6 million. The state Department of Economic and Community Development will provide $12 million in grants after certain job creation milestones are reached, according to the governor's office.
“Today marks yet another landmark day in Connecticut’s economic development efforts, at a time when our investments are bringing new life and vigor to our Capital City,” Gov. Dannel P. Malloy said in a statement. “I am thrilled to welcome Infosys to Connecticut and congratulate them on their decision to establish a Technology and Innovation Hub in Hartford. Connecticut’s tremendous assets and talent pipeline continue to attract high caliber companies to the state, and I look forward to the value that Infosys will bring to our business community.”
Company officials said they picked the Hartford location to work more closely with New England clients and to seek out local talent.
“This investment will further strengthen our ability to serve clients’ needs throughout the New England region and expand the local workforce to help our clients compete in the rapidly digitizing insurance, healthcare and manufacturing sectors,” wrote Infosys President Ravi Kumar in a statement. “Hartford’s position as the Insurance Capital of the World, paired with Connecticut’s world-renowned academic institutions, will place Infosys in close proximity to valued clients and accelerate the recruitment of highly-skilled local talent.”
The company also has plans to expand with locations in Raleigh, North Carolina and Providence, Rhode Island.