Economy of Stamford, Connecticut facts for kids

Stamford, Connecticut, has a very strong economy, which is quite special for a city its size. In the 1980s and 90s, Stamford was home to many of the biggest companies in the United States, known as Fortune 500 companies. Only New York City and Chicago had more of these large companies.

By 2017, Stamford still had four Fortune 500 companies and nine Fortune 1000 companies. These are lists of the largest companies in the U.S. based on their total money earned. Many big banks and financial groups, like Royal Bank of Scotland and UBS, also have major offices here. This makes Stamford a huge financial center, second only to New York City in the New York area.

In recent years, many digital media companies have moved to Stamford. They find it a good place to create TV shows and other content because it's less expensive than bigger cities, but still close to New York City and Boston. Some of these companies include NBCUniversal, NBC Sports Group, WWE, A+E Networks, The People's Court, YES Network, ITV America, This Old House, Charter Communications, Thomson Reuters, and Meredith Corporation.

Companies That Call Stamford Home

Stamford is home to many well-known companies. Here are some of them:

AmeriCares

AmeriCares Foundation is a non-profit organization. This means it's a group that helps people rather than trying to make money. They focus on helping people during disasters and improving health around the world. In 2015, they had over $740 million to help others, with almost all of it going directly to their charitable work. Their main office is in Stamford.

Charter Communications

Charter Communications is a huge cable and internet company. After buying other companies in 2016, it became the second-largest cable company in the United States. In 2017, it was ranked #96 on the Fortune 500 list, making it Stamford's biggest company by money earned. Charter employs over 91,500 people across the country.

Conair Corporation

Conair makes many products you might use at home, like hair dryers and kitchen appliances. Even though their official main office is in New Jersey, many of their top leaders work from the Stamford office. Conair owns popular brands like Cuisinart (kitchen tools) and Rusk (hair care products).

Deloitte

Deloitte is a leading company that helps other businesses. They offer advice on things like money, taxes, and how to manage assets. Deloitte moved to Stamford in 2014 and has grown quickly. They now employ about 1,000 people in the city, making them one of Stamford's largest employers.

695 East Main St. Headquarters of Henkel North American Consumer Goods and the Stamford Deloitte Office.

Gartner

Gartner is a company that provides research and advice about technology. They help leaders in technology businesses in over 100 countries. Gartner is Stamford's largest corporate employer, with about 1,200 employees at its main office in 2017.

Harman International Industries

Harman makes audio products. Their brands include AKG, Harman Kardon, Infinity, JBL, and Mark Levinson. You might know JBL for its speakers and headphones. In 2016, Samsung bought Harman, but Harman still runs its global headquarters in Stamford.

Henkel Corporation

Henkel Corporation makes many household and beauty products. Their North American Consumer Goods headquarters moved to Stamford in 2017. Some of their major brands include Dial soap, Purex laundry detergent, Persil, and Right Guard deodorant. They plan to have over 500 jobs in Stamford by 2018.

Indeed.com

Indeed.com is one of the world's largest websites for finding jobs. It has a co-headquarters in Stamford, along with another office in Texas. Indeed has grown very fast in Stamford, from 50 employees in 2011 to 750 in 2017. They plan to grow even more, aiming for over 1,200 employees in the next few years.

NBC Sports Group

NBC Sports Group is a part of NBCUniversal that handles all of NBC's sports TV channels and online content. They moved many of their sports operations to Stamford, including production for channels like NBCSN. During the Olympic Games, Stamford becomes a hub for live news coverage, employing over 1,000 people. Other NBCUniversal shows like The Jerry Springer Show and Maury are also filmed in Stamford.

Nestlé Waters North America

Nestlé Waters North America is the North American division of Nestlé Waters. They are responsible for many popular bottled water brands like Poland Spring, Nestlé Pure Life, Perrier, and San Pellegrino. Their North American headquarters in Stamford employs about 600 people.

Pitney Bowes

Pitney Bowes is a company that has been in Stamford for a long time, since 1920. They are known for making postal meters and equipment for mailing. They also create software and services for shipping. Pitney Bowes helps power the shipping services for big online stores like eBay and Amazon. They have over 3,400 patents, showing how much they invent new things.

Point72 Asset Management

Point72 Asset Management is a company that manages money for a family. It was started in 1992 and changed its name in 2014. The company invests in stocks and other financial products. Its main office is in Stamford, and about half of its 1,100 employees work there.

RBS Securities / NatWest Markets

RBS Securities (now called NatWest Markets) has its North American headquarters in Stamford. In 2006, they built a huge building with one of the largest trading floors in the world. After the 2008 financial crisis, RBS changed its business. Even though they became smaller globally, they still have a large presence in Stamford, employing 700 people in 2017.

Silgan Holdings

Silgan Holdings makes rigid packaging for consumer products. This means they make containers for things like food, drinks, health care items, and beauty products. They are a top supplier of metal food containers in the U.S. Silgan has over 100 factories around the world.

Synchrony Financial

Synchrony Financial offers credit cards and other financing products for shoppers. They are the largest provider of "private label credit cards" in the U.S. These are credit cards that have a store's name on them, like a department store card. Synchrony Financial is a very large company, ranking #185 on the Fortune 500 list in 2017. Their global headquarters in Stamford employs 660 people.

Thomson Reuters

Thomson Reuters has a major office in Stamford. This office used to be the main headquarters for The Thomson Corporation before it joined with Reuters Group in 2008. While some top leaders moved to Stamford after the merger, in 2017, the company announced that many corporate heads would move to a new technology center in Toronto.

Inside Vineyard Vines Stamford headquarters

UBS AG

UBS AG is a large global bank with a major office in Stamford. In 1997, they built a huge headquarters in Stamford, which included a trading floor the size of two football fields. This trading floor holds a Guinness World Record as the largest in the world. After the 2008 financial crisis, UBS changed its business, but it still has a significant presence in Stamford. In 2016, UBS moved its employees to the RBS building across the street.

United Rentals

United Rentals is the largest equipment rental company in the world. They rent out all kinds of equipment, from construction tools to power generators. Their world headquarters is in Stamford. In 2017, United Rentals was ranked #452 on the Fortune 500 list.

Vineyard Vines

Vineyard Vines is a clothing company known for its ties, polo shirts, and other apparel. The company has grown very quickly since it started. Its global headquarters is in Stamford, where it employs about 250 people. In 2016, the company was estimated to be worth about $1 billion.

World Wrestling Entertainment (WWE)

World Wrestling Entertainment (WWE) is the biggest professional wrestling company in the world. They put on popular shows like Raw, SmackDown, and WrestleMania, and host hundreds of live events each year. Their global headquarters, known as "Titan Towers," is in Stamford. WWE also has a production studio in Stamford. In 2016, WWE had its highest revenue ever. They employ over 700 people in Stamford. In 2019, WWE announced they would move to a new headquarters building in downtown Stamford by 2021.

AXA XL

AXA XL is a global insurance and reinsurance company. They provide different types of insurance to businesses. AXA XL has two offices in Stamford, with over 400 people working there.

Top Employers in Stamford

Here are the top 20 employers in Stamford as of March 2018, based on how many people they employ:

Images for kids

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  UBS Investment Bank's offices in Stamford, Connecticut. When the building opened it featured the largest trading floor ever built.

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  AXA XL's headquarters at 70 Seaview Ave in Stamford