"We are excited to announce the expansion of our presence in Connecticut and create 1,000 technology jobs in the state," Infosys president Ravi Kumar said.
"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 digitising insurance, healthcare and manufacturing sectors," he said.
Kumar said the hub would place Infosys in proximity to its "valued clients" and accelerate the recruitment of "highly-skilled" local talent.
As part of the company's establishment of the hub in Hartford, the Connecticut Department of Economic and Community Development (DECD) will provide up to USD 12 million in grants after certain job creation milestones are met through 'Malloy's First Five Plus Program'.
In addition, the company is eligible to receive up to USD 2 million in training grants to support partnerships the company creates with local education organisations.
Infosys is also eligible for additional assistance if they significantly exceed 1,000 jobs, and the incentives in place can support up to 2,000 jobs, an official media release said.
Connecticut Governor Dannel P Malloy described it as a landmark day in the state's economic development efforts.
"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," Malloy said.
Hartford Mayor Luke Bronin also seemed enthused by the announcement.
"I am thrilled that Infosys, a global information technology company, is making Hartford one of four innovation hubs in the United States," Bronin said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.