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January 06, 2015

Stamford Economy is Thriving, Mayor Explains


Recently elected Stamford Mayor David Martin had strong words about his city’s economy in his first State of the City Address.

According to Martin, Stamford is in a constant state of growth thanks to the expansion of Chelsea Piers and Stamford Hospital, as well as the additions of new housing developments and local businesses. The newly designed Harbor Point, for instance, now has over 1,800 units that are either open or under construction.

“The economy is climbing out of the recession and doing so at a faster rate than other cities in Connecticut,” explained Martin. “Since the recession, Stamford has had an unemployment rate that is better than Connecticut, and better than the national average.”

As Martin went on to explain, Stamford’s healthy and competitive economy is now attracting new, exciting corporations to the area. These corporations are bringing jobs and prosperity to the city. It’s also making Stamford a hotspot for businesses located in the greater New York City region.

“We continue to be the largest financial district in the New York Metro area outside of New York City,” he explained. “We’re home to four Fortune 500 companies, and nine Fortune 1,000 companies.”

All signs indicate that future growth is expected in the city in 2015, as more housing units near completion and additional businesses move into the area, the mayor said.

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