A study conducted by the Connecticut Department of Economic and Community Development has revealed that Connecticut Innovations, a somewhat public technology investment company that was created more than 20 years ago by lawmakers, has been beneficial for the State's economy.
The study analyzed the company's impact between 1995 – 2008 and found that in that period, 10 companies were brought into the state, an average of 1,610 jobs were created each year and the state made $209 million in net revenue. In addition, Connecticut Innovations cumulative investment of $106 million over the 13 years has brought in another $1 billion into the state from outside investors.
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